New Ratings (ADM, FLT, GRPN, MYL, PIR, PAY, WXS)

Published on Monday, 07 November 2011 08:36 Written by Danny Miller

New York, November 7^th (TradersHuddle.com) – Following are some of the new analyst ratings before the market open.

Research Firms Initiate:

Archer-Daniels Midland (NYSE:ADM), the agricultural products processor, was initiated with a Neutral at Ticonderoga.

FleetCor Technologies, Inc. (NYSE:FLT) was initiated with a Neutral at Citigroup.

Groupon (NASDAQ:GRPN), the provider of local deals, was initiated with a Buy and a target price of $32 at The Benchmark Company.

Mylan (NASDAQ:MYL), the global generic and specialty pharmaceuticals Company, was initiated with Market Perform at Leerink Swann.

Pier 1 Imports (NYSE:PIR), the decorative home furnishings and gifts retailer, was initiated with Outperform at Wells Fargo.

VeriFone (NYSE:PAY), the electronic payment solutions provider, was initiated with a Buy at Citigroup.

Wright Express (NYSE:WXS) was initiated with a Neutral at Citigroup.