Coverage on (BAS) (BHI) (BIO) (BNVI) (CNBC) Initiated

Coverage on Basic Energy Services (NYSE: BAS), Baker Hughes (NYSE: BHI), Bio-Rad Labs (NYSE: BIO), Bionovo Inc. (NASDAQ: BNVI) and Center Bancorp Inc (NASDAQ: CNBC) was initiated by analysts.

Global Hunter Securities initiated coverage on Basic Energy Services (BAS). They placed a “buy” rating and a price target of $36.00 on the company.

Global Hunter Securities initiated coverage on Baker Hughes (BHI). They placed a “buy” rating and a price target of $97.00 on the company.

Credit Agricole initiated coverage on Bio-Rad Labs (BIO). They placed a “buy” rating on the company.

Cowen initiated coverage on Bionovo Inc. (BNVI). They placed an “outperform” rating on the company.

Sterne Agee initiated coverage on Center Bancorp Inc (CNBC). They placed a “neutral” rating on the company.