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Friday, December 16, 2011

Omnicom (OMC) (PBR) (PWE) (QTM) (RDEA) (RENN) Get New Coverage

Omnicom (NYSE: OMC), Petroleo Brasileiro SA (NYSE: PBR), Penn West Energy Trust (NYSE: PWE), Quantum Co. (NYSE: QTM), Ardea Biosciences, Inc. (NASDAQ: RDEA) and Renren Inc. (NASDAQ: RENN) getting new coverage from analysts.

Barclays Capital (NYSE:BCS) initiated coverage on Omnicom (OMC). They placed an “Equal Weight” rating on the company.

Goldman Sachs (NYSE:GS) initiated coverage on Petroleo Brasileiro SA (PBR). They placed a “buy” rating on the company.

JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Penn West Energy Trust (PWE). They placed an “Overweight” rating on the company.

Northland Securities initiated coverage on Quantum Co. (QTM). They placed a “Market Perform” rating on the company.

Wells Fargo & Co. (NYSE:WFC) initiated coverage on Ardea Biosciences, Inc. (RDEA). They placed a “Market Perform” rating on the company.

Brean Murray initiated coverage on Renren Inc. (RENN). They placed a “Hold” rating on the company.

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