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Monday, December 19, 2011

NetSpend (NTSP) (OCN) (ORLY) (PKG) (PMT) (PZZA) (PNC) Get New Coverage

NetSpend (NASDAQ: NTSP), Ocwen Financial Corp. (NYSE: OCN), O’Reilly Automotive, Inc. (NASDAQ: ORLY), Packaging Co. of America (NYSE: PKG), PennyMac Mortgage Investment Trust (NYSE: PMT), Papa John’s (NASDAQ: PZZA) and PNC Financial Services (NYSE: PNC) getting new coverage from analysts.

Morgan Keegan initiated coverage on NetSpend (NTSP). They placed an “Outperform” rating and a price target of $9.00 on the company.

Bank of America (NYSE:BAC) initiated coverage on Ocwen Financial Corp. (OCN). They placed a “Buy” rating on the company.

Piper Jaffray (NYSE:PJC) initiated coverage on O’Reilly Automotive, Inc. (ORLY). They placed an “Overweight” rating on the company.

Jefferies (NYSE:JEF) initiated coverage on Packaging Co. of America (PKG). They placed a “Hold” rating on the company.

Wells Fargo & Co. (NYSE:WFC) initiated coverage on PennyMac Mortgage Investment Trust (PMT). They placed an “Outperform” rating on the company.

UBS AG (NYSE:UBS) initiated coverage on PNC Financial Services (PNC). They placed a “Neutral” rating on the company.

Sidoti initiated coverage on Papa John’s (PZZA). They placed a “Neutral” rating on the company.

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