New Analyst Coverage

Published on Wednesday, 27 June 2012 08:47 Written by Danny Miller

FBNew York, June 27th (TradersHuddle.com) – Following are some of the new analyst ratings before the market open.

 

Research Firms Initiate:

 

Advanced Micro Devices (NYSE: AMD) was initiated with Outperform and a target price of $7 at Northland Securities.

 

Broadcom (NASDAQ: BRCM) was initiated with Outperform and a target price of $42 at Northland Securities.

 

Cumulus Media (NASDAQ: CMLS) was initiated with Overweight at Piper Jaffray.

 

Emulex (NYSE: ELX) was initiated with Outperform and a target price of $9 at Northland Securities.

 

Facebook (NASDAQ: FB) received numerous new ratings as its IPO quiet period expired. Here is a recap of the new rating the stock received.

 

Bank of America: Neutral.

Barclays: Equal Weight.

BMO Capital: Underperform.

Citigroup: Neutral.

Credit Suisse: Neutral.

Goldman Sachs: Buy.

JPMorgan: Overweight.

Lazard: Neutral.

Morgan Stanley: Overweight.

Oppenheimer: Outperform with a target price of $41.

Pacific Crest: Sector Perform.

Piper Jaffray: Overweight.

Raymond James: Market Perform.

RBC Capital: Outperform.

Stifel Nicolaus: Hold.

Wells Fargo: Outperform.

William Blair: Outperform.

 

Fluidigm (NASDAQ: FLDM) was initiated with a Buy and a target price of $17 at Cantor Fitzgerald.

 

Marvell Technology (NASDAQ: MRVL) was initiated with Outperform and a target price of $15 at Northland Securities.

 

NVIDIA (NASDAQ: NVDA) was initiated with Outperform and a target price of $16 at Northland Securities.

 

Pandora Media (NYSE: P) was initiated with a Neutral at Piper Jaffray.

 

PMC-Sierra (NASDAQ: PMCS) was initiated with Market Perform and a target price of $7 at Northland Securities.

 

QLogic (NASDAQ: QLGC) was initiated with Outperform and a target price of $17 at Northland Securities.

 

Sirius XM Radio (NASDAQ: SIRI) was initiated with Overweight at Piper Jaffray.

 

Texas Instruments (NASDAQ: TXN) was initiated with Market Perform and a target price of $30 at Northland Securities.

 

Zynga (NASDAQ: ZNGA) was initiated with a Buy and a target price of $8.50 at Stifel Nicolaus.

 

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