Golub (GBDC) (HTGC) (NTSP) (QCOM) Get Coverage Initiations from Analysts

Golub Capital BDC LLC (NASDAQ: GBDC), Hercules Tech. (NASDAQ: HTGC), NetSpend (NASDAQ: NTSP) and QUALCOMM, Inc. (NASDAQ: QCOM) now getting coverage initiated by these analysts.

UBS AG (NYSE:UBS) initiated coverage on Golub Capital BDC LLC (GBDC). They set a “Buy” rating and a price target of $17 on the company.

Janney Montgomery Scott initiated coverage on Hercules Tech. (HTGC). They started with a “Buy” rating on the stock.

Barrington Research initiated coverage on NetSpend (NTSP). They started with an “Outperform” rating and a price target of $16 on the business.

ThinkEquity initiated coverage on QUALCOMM, Inc. (QCOM). They started with a “Buy” rating and a price target of $5.00 on the stock.

Navistar International's (NYSE:NAV) Truck Orders Should Raise Valuation

New truck orders for Navistar International (NYSE:NAV) should be a significant catalyst for the company and drive up the valuation.

Barrington said, "We believe that NAV’s stock should continue to trend higher along with the improving U.S. economy and expected 2011 truck recovery. The 2011 truck data from ACT Research for new truck orders should be the catalyst for a higher NAV valuation as investors expect the company to leverage higher truck volumes. The visibility created from recent military truck orders should help to support NAV’s cash flow until we get evidence of NAV’s 2011 truck and engine profits."

Barrington Research reiterates an "Outperform" on Navistar International (NYSE:NAV), which closed Monday at $58.19, gaining $0.64, or 1.11 percent. They raised their price target on them from $65 to $75.

Nordson (NASDAQ:NDSN) Earnings Driven by Adhesives Business

The adhesives business of Nordson (NASDAQ:NDSN) is starting to recover, and should a decent driver of earnings, especially in international sales.

Barrington Research said, "NDSN’s adhesives business is in the early stages of recovery and should continue to be an earnings driver due to growing international sales, the weak U.S. dollar, cost takeout during the downturn and an operational excellence program that is enhancing the product and profitability."

EPS estimates for full year 2011 were raised to a range of $5.25-$5.50.

Barrington maintains their "Outperform" rating on Nordson, which closed Thursday at $90.60, gaining $3.43, or, 3.93 percent. They raised their price target on them from $80 to $100.