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Thursday, December 1, 2011

Cliffs (CLF) (SMFG) (STLD) (SUBCY) (CELG) (CHSP) Get New Coverage

Cliffs Natural Resources Inc. (NYSE: CLF), Sumitomo Mitsui Financial Group (NASDAQ: SMFG), Steel Dynamics, Inc. (NASDAQ: STLD), Subsea 7 SA (NASDAQ: SUBCY), Celgene (NASDAQ: CELG) and Chesapeake Lodging Trust (NASDAQ: CHSP) getting new coverage from analysts.

Jefferies (NYSE:JEF) initiated coverage on Sumitomo Mitsui Financial Group (SMFG). They placed a “Buy” rating on the company.

Macquarie initiated coverage on Steel Dynamics, Inc. (STLD). They placed a “Neutral” rating on the company.

HSBC (NYSE:HBC) initiated coverage on Subsea 7 SA (SUBCY). They placed an “Overweight” rating on the company.

Auriga initiated coverage on Celgene (CELG). They placed a “Buy” rating on the company.

Janney Montgomery Scott initiated coverage on Chesapeake Lodging Trust (CHSP). They placed a “Buy” rating on the company.

Macquarie initiated coverage on Cliffs Natural Resources Inc. (CLF). They placed an “Outperform” rating on the company.

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