Sprint (S) (NXTM) (PCS) (PGR) (PMTC) (RCL) (RNET) (ROVI) (SARA) Get New Coverage

Sprint Nextel (NYSE: S), Nxstage Medical (NASDAQ: NXTM), MetroPCS (NYSE: PCS), Progressive (NYSE: PGR), Parametric (NASDAQ: PMTC), Royal Caribbean Cruises Ltd. (NYSE: RCL), RigNet (NASDAQ: RNET), Rovi Corp (NASDAQ: ROVI) and Saratoga Resources, Inc. (NASDAQ: SARA) getting new coverage from analysts.

Jefferies (NYSE:JEF) initiated coverage on Sprint Nextel (S). They placed an “Underperform” rating on the company.

Piper Jaffray (NYSE:PJC) initiated coverage on Nxstage Medical (NXTM). They placed an “Overweight” rating and a price target of $24.00 on the company.

Jefferies initiated coverage on MetroPCS (PCS). They placed a “Buy” rating on the company.

Sanford C. Bernstein initiated coverage on Progressive (PGR). They placed an “Outperform” rating on the company.

Goldman Sachs (NYSE:GS) initiated coverage on Parametric (PMTC). They placed a “Neutral” rating on the company.

HSBC (NYSE:HBC) initiated coverage on Royal Caribbean Cruises Ltd. (RCL). They placed a “Neutral” rating and a price target of $30.00 on the company.

Jefferies initiated coverage on RigNet (RNET). They placed a “Buy” rating on the company.

JMP Securities initiated coverage on Rovi Corp. (ROVI). They placed an “Outperform” rating and a price target of $48.00 on the company.

Rodman & Renshaw initiated coverage on Saratoga Resources, Inc. (SARA). They placed an “Outperform” rating and a price target of $9.00 on the company.