Limelight (LLNW) (WAT) (ARRS) (BSX) (SEAC) (CHKP) Get New Coverage

Limelight Networks (NASDAQ: LLNW), Waters Corporation (NYSE: WAT), Arris Group, Inc. (NASDAQ: ARRS), Boston Scientific (NYSE: BSX), SeaChange (NASDAQ: SEAC) and Check Point Software (NASDAQ: CHKP) get new analyst coverage.

Madison Williams initiated coverage on Waters Corporation (NYSE: WAT) is now covered by analysts at . The analysts placed a “neutral” rating on the company.

Kaufman Brothers initiated coverage on Arris Group, Inc. (ARRS). They placed a “Buy” rating and a price target of $12.00 on the company.

Jefferies (NYSE:JEF) initiated coverage on Limelight Networks (LLNW). They placed a “Buy” rating and a price target of $3.75 on the company.

Mizuho initiated coverage on Boston Scientific (BSX). They placed an “Outperform” rating on the company.

Kaufman Brothers initiated coverage on SeaChange (SEAC). They placed a “Hold” rating and a price target of $9.00 on the company.

Jefferies initiated coverage on Check Point Software (CHKP). They placed a “Buy” rating and a price target of $66.00 on the company.

Unilever (UL) (ARRS) (EL) (CRL) (S) (CVD) Upgraded

Unilever (NYSE: UL), Arris Group, Inc. (NASDAQ: ARRS), Estee Lauder Companies Inc (NYSE: EL), Charles River Laboratories (NYSE: CRL), Sprint Nextel (NYSE: S) and Covance Inc. (NYSE: CVD) upgraded by analysts.

Unilever (UL) was upgraded by BNP Paribas from an “Underperform” rating to an “Outperform” rating.

Arris Group, Inc. (ARRS) was upgraded by Avondale Partners from a “Market Perform” rating to an “Outperform” rating. They have a price target of $14.00 on the company, up from $12.00.

Estee Lauder Companies Inc. (EL) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating. They have a price target of $115.00 on the company, up from $95.00.

Charles River Laboratories (CRL) was upgraded by Lazard Capital from a “Sell” rating to a “Neutral” rating.

Sprint Nextel (S) was upgraded by Collins Stewart from a “Neutral” rating to a “Buy” rating. They have a price target of $5.00 on the company.

Covance Inc. (CVD) was upgraded by Lazard Capital from a “Neutral” rating to a “Buy” rating.

Eaton (ETN) (VECO) (AFFX) (ARRS) (TASR) (RNOW) Ratings Reiterated

Eaton Corp. (NYSE: ETN), Veeco Instruments Inc. (NASDAQ: VECO), Affymetrix, Inc. (NASDAQ: AFFX), Arris Group, Inc. (NASDAQ: ARRS), TASER International, Inc. (NASDAQ: TASR) and RightNow Technologies (NASDAQ: RNOW) ratings reiterated by analysts.

Piper Jaffray reiterated its "Overweight" rating on Veeco Instruments. They have a price target of $62.00 on the company.

Wedbush reiterated a "Neutral" rating on Affymetrix, Inc. (AFFX). They have a price target of $7.00 on the company.

Goldman Sachs (NYSE:GS) reiterated a "Buy" rating on Eaton Corp. (ETN).

Piper Jaffray (NYSE:PJC) reiterated an "Overweight" rating on RightNow Technologies (RNOW). They have a price target of $40.00 on the company.

JPMorgan Chase & Co. (NYSE:JPM) reiterated an "Underweight" rating on TASER International, Inc. (TASR).

Collins Stewart reiterated a “Neutral” rating on Arris Group, Inc. (ARRS).

ARRIS Group's (NASDAQ:ARRS) CMTS Revenue Growth to Resume in Third Quarter

With expectations CMTS and Video IP will resume growth in the third quarter for ARRIS Group (NASDAQ:ARRS), UBS raised their estimates on both segments.

UBS says, "We expect ARRS CMTS revs to resume YoY growth in 3Q11 after falling -30% in 2010 and -23% in 1H11 after large capacity purchases by US MSOs in 2009. Easier comps and ongoing strong traffic growth should lead to a return to normalized growth of 10%+ in 2012, and we thus raise our 2012 CMTS growth estimate to 10% from prior est of 2% decline...Our new ests for ARRS FY12 Rev/Non-GAAP EPS are $1.24B/$1.00, up from $1.14B/$0.79 before."

UBS reiterates a "Neutral" rating on ARRIS Group (ARRS), which closed Wednesday at $12.51, down $0.06, or 0.48 percent. UBS raised their price target on ARRIS from $10.40 to $13.