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Wednesday, October 26, 2011

Newmont (NEM) (LTD) (LULU) (LVLT) (NKE) (PNK) Get New Coverage

Newmont Mining Co. (NYSE: NEM), Limited Brands (NYSE: LTD), Lululemon (NASDAQ: LULU), Level 3 (NASDAQ: LVLT), NIKE, Inc. (NYSE: NKE) and Pinnacle Entertainment, Inc (NYSE: PNK) getting new coverage from analysts.

TD Newcrest initiated coverage on Newmont Mining Co. (NEM). They placed a “Buy” rating and a price target of $85.00 on the company.

Northcoast Research initiated coverage on Limited Brands (LTD).

Janney Montgomery Scott initiated coverage on Lululemon (LULU). They placed a “Neutral” rating and a price target of $57.00 on the company.

Citigroup (NYSE:C) initiated coverage on Level 3 (LVLT). They placed a “Neutral” rating on the company. They cited valuation as the catalyst behind the call.

Auriga initiated coverage on NIKE, Inc. (NKE). They placed a “Buy” rating and a price target of $110.00 on the company.

FBR Capital initiated coverage on Pinnacle Entertainment, Inc. (PNK). They placed an “Outperform” rating and a price target of $15.00 on the company.

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