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Wednesday, November 16, 2011

Fortinet (FTNT) (SFY) (SPB) (STJ) (FLT) (GPN) Get New Coverage

Fortinet, Inc. (NASDAQ: FTNT), Swift Energy (NYSE: SFY), Spectrum Brands Inc. (NYSE: SPB), St. Jude Medical, Inc. (NYSE: STJ), FleetCor Technologies, Inc. (NYSE: FLT) and Global Payments Inc. (NYSE: GPN) getting new coverage from analysts.

Bank of America (NYSE:BAC) initiated coverage on Fortinet, Inc. (FTNT). They placed a “Buy” rating and a price target of $30.00 on the company.

Brean Murray initiated coverage on Swift Energy (SFY). They placed a “Buy” rating and a price target of $54.00 on the company.

Credit Suisse (NYSE:CS) initiated coverage on Spectrum Brands Inc. (SPB). They placed an “Outperform” rating and a price target of $35.00 on the company.

Credit Suisse initiated coverage on St. Jude Medical, Inc. (STJ). They placed a “Neutral” rating and a price target of $43.00 on the company. They cited valuation as the catalyst behind the call.

Citigroup (NYSE:C) initiated coverage on FleetCor Technologies, Inc. (FLT). They placed a “Neutral” rating and a price target of $30.00 on the company.

Evercore Partners initiated coverage on Global Payments Inc. (GPN). They placed an “Equal Weight” rating and a price target of $52.00 on the company.

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