Mar 11, 2016

Posted by in Stock Reports | 0 Comments

Analysts Initiate Coverage of These Three Companies: Depomed Inc (NASDAQ:DEPO), ArcelorMittal SA (NYSE:MT), Goldcorp Inc (NYSE:GG)

Analysts Initiate Coverage of These Three Companies: Depomed Inc (NASDAQ:DEPO), ArcelorMittal SA (NYSE:MT), Goldcorp Inc (NYSE:GG)

Analyst recommendations are like dairy products in that it is best to use them quickly or not at all. Shares tend to drift in the direction of recommendation changes, but for weeks or months, not years. The best recommendation changes are ones that stem from concrete new information, and that change in near-term earnings forecasts are a good sign of such information.

According to U.S. SEC, Research analysts study publicly traded companies and make recommendations on the securities of those companies. Most specialize in a particular industry or sector of the economy. They exert considerable influence in today’s marketplace. Analysts’ recommendations or reports can influence the price of a company’s stock—especially when the recommendations are widely disseminated through television appearances or through other electronic and print media. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall—even when nothing about the company’s prospects or fundamentals has recently changed. Analysts often use a variety of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold—to describe their recommendations. But the meanings of these terms can differ from firm to firm.

Leerink Partners announced it was initiating coverage of Depomed Inc (NASDAQ:DEPO) in a research note on Thursday. The analysts assigned an Outperform rating to the stock with a price target of $21. The average analysts that follow this company have a ‘Strong Buy’ rating on this stock, according to Zacks Investment Research. Seven maintain strong buy rating, Zero set the stock as buy, 2 have assigned a hold rating and Zero suggests selling.

Morgan Stanley analysts issued their verdict on ArcelorMittal SA (NYSE:MT) recently. The rating firm gave an Overweight rating to this stock in a research note on Thursday. The stock has a consensus Hold rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 5 have assigned a hold rating, Zero says it’s a buy, and Zero has assigned a strong buy rating to the company.

In a research note on Thursday, analysts at Desjardins assigned a Buy rating to Goldcorp Inc (NYSE:GG). It has earned a consensus Buy rating, according to Zacks Investment Research. One analyst has rated the stock with a sell rating, 5 have assigned a hold rating, 4 say it’s a buy and 6 have assigned a strong buy rating to the company.

 

Comments are closed.