SonoSite (SONO) (BRCM) (SFSF) (DAN) (REN) (ECTE) Get New Coverage

SonoSite Inc (NASDAQ: SONO), Broadcom Corp (NASDAQ: BRCM), SuccessFactors, Inc. (NASDAQ: SFSF), Dana Holding Co. (NYSE: DAN), Resolute Energy Corp (NYSE: REN) and Echo Therapeutics (NASDAQ: ECTE) getting new coverage from analysts.

Stifel Nicolaus initiated coverage on SonoSite Inc. (SONO). They placed a “Buy” rating on the company.

ThinkEquity initiated coverage on Broadcom Corp. (BRCM). They placed a “Buy” rating on the company.

Piper Jaffray (NYSE:PJC) initiated coverage on SuccessFactors, Inc. (SFSF). They placed an “Overweight” rating on the company.

CRT Capital initiated coverage on Dana Holding Co. (DAN). They placed a “Buy” rating on the company.

Morgan Keegan initiated coverage on Resolute Energy Corp. (REN). They placed an “Outperform” rating and a price target of $19.00 on the company.

Stifel Nicolaus initiated coverage on Echo Therapeutics (ECTE). They placed a “Buy” rating on the company.

Toll (TOL) (AEO) (NAV) (AMAT) (THC) (DAN) Price Targets Changed

Toll Brothers, Inc. (NYSE: TOL), American Eagle (NYSE: AEO), Navistar (NYSE: NAV), Applied Materials, Inc. (NASDAQ: AMAT), Tenet Healthcare Co. (NYSE: THC) and Dana Holding Co. (NYSE: DAN) had price targets adjusted by analysts.

Toll Brothers, Inc. (TOL) had its price target lowered by RBC Capital from $23.00 to $17.00. They have a “Sector Perform” rating on the company.

American Eagle (AEO) had its price target lowered by Barclays Capital from $12.00 to $11.00. They have an “Equal Weight” rating on the company.

Navistar (NAV) had its price target lowered by Deutsche Bank (NYSE:DB) from $80.00 to $62.50. They have a “Buy” rating on the company.

Applied Materials, Inc. (AMAT) had its price target lowered by Barclays Capital from $16.00 to $15.00. They have an “Overweight” rating on the company.

Tenet Healthcare Co. (THC) had its price target lowered by Ticonderoga from $8.00 to $6.00. They have a “Buy” rating on the company.

Dana Holding Co. (DAN) had its price target lowered by Deutsche Bank from $22.00 to $20.50. They have a “Buy” rating on the company.

Target (TGT) (BCSI) (FLO) (BWA) (NTAP) (DAN) Price Targets Changed

Target Corp. (NYSE: TGT), Blue Coat (NASDAQ: BCSI), Flowers Foods, Inc. (NYSE: FLO), BorgWarner Inc (NYSE: BWA), NetApp Inc. (NASDAQ: NTAP) and Dana Holding Co. (NYSE: DAN) price targets adjusted by analysts.

Target Corp. (TGT) had its price target raised by Piper Jaffray (NYSE:PJC) to $60.00. They have an “Overweight” rating on the company.

Blue Coat (BCSI) had its price target lowered by UBS AG (NYSE:UBS) from $23.00 to $14.00. They have a “Neutral” rating on the company.

Flowers Foods, Inc. (FLO) had its price target lowered by Longbow Research from $26.00 to $24.00. They have a “Buy” rating on the company.

BorgWarner Inc. (BWA) had its price target lowered by Barclays Capital from $92.00 to $89.00. They have an “Equal Weight” rating on the company.

NetApp Inc. (NTAP) had its price target lowered by Barclays Capital from $68.00 to $52.00. They have an “Overweight” rating on the company.

Dana Holding Co. (DAN) had its price target lowered by Barclays Capital from $25.00 to $23.00. They have an “Overweight” rating on the company.

Price Targets on (CSGP) (BIDU) (CEVA) (CTXS) (DAN) Raised

Price Targets Costar Group Inc (NASDAQ: CSGP), Baidu.com, Inc. (NASDAQ: BIDU), Ceva Inc (NASDAQ: CEVA), Citrix Systems, Inc. (NASDAQ: CTXS) and Dana Holding Co. (NYSE: DAN) raised by analysts.

Credit Suisse (NYSE:CS) raised their price target on Baidu.com, Inc. (BIDU) from $99.00 to $107.00.

Wunderlich raised their price target on Ceva Inc (CEVA) from $27.00 to $32.00.

Needham & Company raised their price target on Costar Group Inc (CSGP) from $63.00 to $70.00. They have a “buy” rating on the company.

FBR Capital raised their price target on Citrix Systems, Inc. (CTXS) from $65.00 to $77.00. They have a “market perform” rating on the company.

Jefferies (NYSE:JEF) raised their price target on shares of Dana Holding Co. (NYSE: DAN) from $20.00 to $23.00.

Barclays Likes Lear (LEA) (JCI) (TEN) (DAN) in Auto Parts Sector

Barclays (NYSE:BCS) analyst Brian Johnson recommends buying shares of Ford (NYSE:F) and General Motors (NYSE:GM) as the stock price of both companies have fallen over 14 percent recently, but he also likes the auto parts sector, eyeing companies like Dana Holding (NYSE:DAN), Johnson Controls (NYSE:JCI), Lear Corp. (NYSE:LEA) and Tenneco (NYSE:TEN).

Of particular note for the parts industry is the commercial truck segment, where things are taking off because orders have come back strong.

As for auto sales, the reason Johnson is bullish there is from price increases on vehicles from the manufacturers, Turbo Ecoboost technology from Ford, and production estimates are probably understated.

Tenneco closed Thursday at $43.60, gaining $0.30, or 0.69 percent. Lear Corporation ended the day at $48.97, rising $0.74, or 1.53 percent. Johnson Controls closed the session at $40.73, up $0.60, or 1.50 percent. Dana Holding closed at $18.33, increasing $0.51, or 2.86 percent.

Tenneco (NYSE:TEN), Dana Holding (NYSE:DAN), Lear (NYSE:LEA), ArvinMeritor (NYSE:ARM) Among Barclays' Auto Favorites,

Even after a strong 2010 Barclays (NYSE:BCS) says they believe the auto sector could have more room to grow, including their favorites Tenneco (NYSE:TEN), Dana Holding (NYSE:DAN), Lear (NYSE:LEA) and ArvinMeritor (NYSE:ARM), as well as Ford (NYSE:F) and GM (NYSE:GM).

Barclays said, "Even after strong 4Q10 and YTD 2011 performance auto stocks may have room for further strength. Based on our analysis of prior recoveries, in particular in the early 1990s, we believe that auto stocks may have another 6-9 months of outperformance left for three reasons: 1) continued growth in sales with the economic recovery back on track, 2) room for further multiple expansion, even to the point of 'overshooting'; and 3) continued supportive Fed policy - the withdrawal of which typically marks the end of automotive outperformance. We believe that OEMs, which have generally lagged parts, still offer relative value, reiterating our Overweight for both Ford and GM and a new price target of $23 for F (26% potential upside) and an increased price target of $48 for GM (23% potential upside); in addition, we continue to like less-than-fully valued strong adoption curve growth stories - Tenneco (reiterating OW with a PT $57 (32% potential upside), as well as turnaround values Dana Holding (reiterating OW with a $25 PT, 39% potential upside), and Lear (upgrading to OW with a $123 PT, 16% potential upside). We also continue to like ArvinMeritor which offers leverage to the strong cyclical recovery in commercial vehicles."

Tenneco was trading at $44.29, gaining $2.38, or 5.68 percent, as of 2:39 PM EST. Dana Holding was at $18.55, up $.073, or 4.10 percent. Lear was at $108.02, gaining $2.22, or 2.10 percent. ArvinMeritor was trading at $21.99, up $0.57, or 2.66 percent.

KeyBanc Bullish on TRW Automotive (NYSE:TRW), Autoliv (NYSE:ALV), ArvinMeritor (NYSE:ARM), Dana Holding (NYSE:DAN), Lear (NYSE:LEA), Stoneridge Inc. (NYSE:SRI), Tenneco (NYSE:TEN)

KeyBanc is bullish on the automotive and commercial vehicle markets heading into 2011, and they like TRW Automotive (NYSE:TRW), Autoliv (NYSE:ALV), ArvinMeritor (NYSE:ARM), Dana Holding (NYSE:DAN), Lear (NYSE:LEA), Stoneridge Inc. (NYSE:SRI) and Tenneco (NYSE:TEN) in the sector.

KeyBanc said, "Heading into 2011, we have increased confidence in the ongoing recovery in both the automotive and commercial vehicle markets and believe that select stocks with exposure to those verticals are likely to continue to outperform. As such: 1) we are upgrading our rating on shares of TRW Automotive to BUY from HOLD and establishing a $69 price target; 2) we are raising our price targets on Autoliv Inc. to $92 from $76, ArvinMeritor, Inc. to $29 from $25, Dana Holding Corporation to $20 from $17, Lear Corporation to $127 from $104, Stoneridge, Inc. to $19 from $16, and Tenneco Automotive Inc. to $55 from $40; 3) we are raising our 2010 and 2011 automotive and commercial vehicle forecasts and introducing a 2012 forecast; and 4) we are raising 2010 and 2011 earnings estimates accordingly. Our top picks are ARM (#1), TEN (#2), LEA (#3), TRW (#4), and for small cap investors SRI."

TRW Automotive closed Tuesday at $53.03, up $0.40, or 0.76 percent. Autoliv, Inc. closed at $78.73, up $0.41, or 0.52 percent. ArvinMeritor ended at $19.97, up $0.68, or 3.53 percent. Dana Holding was up to $17.05, increasing $0.59, or 3.58 percent. Stoneridge Inc. closed at $15.85, up $0.54, or 3.53 percent. Tenneco ended at $41.22, up 1.11, or 2.77 percent.