Big Lots (BIG) (BLTI) (CEVA) (DLTR) (DRCO) (DTLK) (EGAN) (HD) Get New Coverage

Big Lots, Inc. (NYSE: BIG), Biolase Technology (NASDAQ: BLTI), Ceva Inc. (NASDAQ: CEVA), Dollar Tree Inc. (NASDAQ: DLTR), Dynamics Research Co. (NASDAQ: DRCO), Datalink Corporation (NASDAQ: DTLK), eGain Communications Co. (NASDAQ: EGAN) and Home Depot (NYSE: HD) are getting new coverage from analysts.

Collins Stewart initiated coverage on Big Lots, Inc. (BIG). They placed a “Buy” rating on the company.

Sidoti initiated coverage on Biolase Technology (BLTI). They placed a “Buy” rating on the company.

Cantor Fitzgerald initiated coverage on Ceva Inc. (CEVA). They placed a “Buy” rating on the company.

Collins Stewart initiated coverage on Dollar Tree Inc. (DLTR). They placed a “Neutral” rating on the company.

Sidoti initiated coverage on Dynamics Research Co. (DRCO). Theys placed a “Buy” rating on the company.

Sidoti initiated coverage on Datalink Corporation (DTLK). They placed a “Buy” rating on the company.

Sidoti initiated coverage on eGain Communications Co. (EGAN). They placed a “Buy” rating on the company.

Collins Stewart initiated coverage on Home Depot (HD). They placed a “Neutral” rating on the company.

Danaher (DHR) (PXD) (RBCN) (RHI) (DLTR) (DLX) Ratings, Price Targets

Danaher Co. (DHR), Pioneer Natural Resources (PXD), Rubicon Technology, Inc. (RBCN), Robert Half (RHI), Dollar Tree Inc. (DLTR) and Deluxe Co. (DLX) ratings and price targets.

Robert W. Baird initiated coverage on Pioneer Natural Resources (PXD). They placed an “Outperform” rating and a price target of $116.00 on the company.

Ticonderoga upgraded Rubicon Technology, Inc. (RBCN) from a “Sell” rating to a “Neutral” rating.

Morgan Stanley (NYSE:MS) upgraded Robert Half (RHI) from an “Underweight” rating to an “Overweight” rating. They have a price target of $32.00 on the company.

Jefferies (NYSE:JEF) reiterated its “Buy” on Danaher Co. (DHR).

Deutsche Bank (NYSE:DB) raised its price target on Dollar Tree Inc. (DLTR) to $89.00.

DA Davidson upgraded Deluxe Co. (DLX) to a “Buy” rating.

Dollar Tree (DLTR) (NVE) (OKE) (OVTI) (DMND) (ECT) Ratings, Price Targets

Dollar Tree Inc. (DLTR), NV Energy (NVE), ONEOK, Inc. (OKE), OmniVision Technologies, Inc. (OVTI), Diamond Foods (DMND) and ECA Marcellus Trust (ECT) ratings and price targets.

Piper Jaffray (NYSE:PJC) reiterated its “Overweight” on Dollar Tree Inc. (DLTR). They have a price target $87.00 on the company.

Bank of America (NYSE:BAC) downgraded NV Energy (NVE) from a “Buy” rating to a “Neutral” rating. They have a price target of $16.00 on the company.

Morgan Stanley (NYSE:MS) upgraded ONEOK, Inc. (OKE) to an “Overweight” rating. They have a price target of $93.00 on the company.

Needham & Company downgraded OmniVision Technologies, Inc. (OVTI) from a “Strong Buy” rating to a “Hold” rating.

Jefferies (NYSE:JEF) lowered its price target on Diamond Foods (DMND) to $46.00.

Robert W. Baird downgraded ECA Marcellus Trust (ECT) from a “Neutral” rating to an “Underperform” rating. They have a price target of $19.00 on the company, down from $26.00.

Dolby (DLB) (PEG) (DLTR) (PHM) (QCOR) (DKS) Price Targets Changed

Dolby Labs (NYSE: DLB), Public Service Enterprise Group Inc. (NYSE: PEG), Dollar Tree Inc. (NASDAQ: DLTR), PulteGroup, Inc. (NYSE: PHM), Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) and Dick’s Sporting Goods (NYSE: DKS) had price targets on them adjusted by analysts.

Dolby Labs (DLB) had its price target lowered by Collins Stewart from $45.00 to $35.00. They have a “Neutral” rating on the company.

Public Service Enterprise Group Inc. (PEG) had its price target raised by Ticonderoga from $36.00 to $39.00. They have a “Buy” rating on the company.

Dollar Tree Inc. (DLTR) had its price target raised by Jefferies (NYSE:JEF) to $88.00.

PulteGroup, Inc. (PHM) had its price target raised by Compass Point from $6.00 to $7.00. They have a “Buy” rating on the company.

Questcor Pharmaceuticals, Inc. (QCOR) had its price target raised by Jefferies to $50.00.

Dick’s Sporting Goods (DKS) had its price target raised by Piper Jaffray (NYSE:PJC) to $48.00.

DSW (DSW) (DAR) (DLB) (DLTR) (DTE) (EQT) Ratings, Price Targets

DSW Inc. (DSW), Darling International Inc. (DAR), Dolby Labs (DLB), Dollar Tree Inc. (DLTR), DTE Energy Co (DTE) and EQT Corp. (EQT) ratings and price targets.

Citigroup (NYSE:C) downgraded DSW Inc. (DSW) from a “Buy” rating to a “Neutral” rating. They have a price target of $52.00 on the company.

Ardour Capital upgraded Darling International Inc. (DAR) from an “Accumulate” rating to a “Buy” rating. They have a price target of $20.00 on the company.

Collins Stewart lowered its price target on Dolby Labs (DLB) from $45.00 to $35.00. They have a “Neutral” rating on the company.

Jefferies (NYSE:JEF) raised its price target on Dollar Tree Inc. (DLTR) to $88.00.

ISI Group raised its price target on DTE Energy Co (DTE) to $51.00.

Pritchard downgraded EQT Corp. (EQT) from a “Buy” rating to a “Neutral” rating.

Dollar Tree (DLTR) (RKT) (RNOW) (SDT) (DAR) (DLB) Ratings, Price Targets

Dollar Tree Inc. (DLTR), Rock-Tenn Company (RKT), RightNow Technologies (RNOW), SandRidge Mississippian Trust I (SDT), Darling International Inc. (DAR) and Dolby Labs (DLB) ratings and price targets.

Jefferies (NYSE:JEF) raised its price target on Dollar Tree Inc. (DLTR) to $88.00.

Longbow Research raised its price target on Rock-Tenn Company (RKT) from $73.00 to $76.00. They have a “Buy” rating on the company.

JMP Securities downgraded RightNow Technologies (RNOW) from an “Outperform” rating to a “Market Perform” rating.

Robert W. Baird downgraded SandRidge Mississippian Trust I (SDT) from an “Outperform” rating to a “Neutral” rating. They have a price target of $24.00 on the company, down from $30.00.

Ardour Capital upgraded Darling International Inc. (DAR) from an “Accumulate” rating to a “Buy” rating. They have a price target of $20.00 on the company.

Collins Stewart lowered its price target on Dolby Labs (DLB) from $45.00 to $35.00. They have a “Neutral” rating on the company.

Dollar Tree (DLTR) (DKS) (EPB) (FITB) (HBAN) Downgraded

Dollar Tree Inc. (NASDAQ: DLTR), Dick’s Sporting Goods (NYSE: DKS), El Paso Pipeline Partners (NYSE: EPB), Fifth Third Bancorp (NASDAQ: FITB) and Huntington Bancshares Incorporated (NASDAQ: HBAN) were downgraded by analysts.

Dick’s Sporting Goods (DKS) was downgraded by Sterne Agee from a “Neutral” rating to an “Underperform” rating. They have a price target of $32.00 on the company.

Dollar Tree Inc. (DLTR) was downgraded by Barclays Capital from an “Overweight” rating to an “Equal Weight” rating.

El Paso Pipeline Partners (EPB) was downgraded by Bank of America (NYSE:BAC) from a “Buy” rating to an “Underperform” rating.

Fifth Third Bancorp (FITB) was downgraded by Compass Point from a “Buy” rating to a “Neutral” rating. They have a price target of $13.00 on the company, down from $17.50.

Huntington Bancshares Incorporated (HBAN) was downgraded by Compass Point from a “Buy” rating to a “Neutral” rating. They have a price target of $6.00 on the company, down from $7.00.

Range Resources (RRC) (NSC) (ODP) (BWLD) (ERTS) (ESV) (DLTR) Upgraded

Range Resources (NYSE: RRC), Norfolk Southern Corp. (NYSE: NSC), Office Depot, Inc. (NYSE: ODP), Buffalo Wild Wings (NASDAQ: BWLD), Electronic Arts Inc (NASDAQ: ERTS), ENSCO PLC (NYSE: ESV) and Dollar Tree Inc (NASDAQ: DLTR) upgraded by analysts.

Range Resources (RRC) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating. They have a price target of $65.00 on the company.

Norfolk Southern Corp. (NSC) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

Office Depot, Inc. (ODP) was upgraded by Nomura from a “Reduce” rating to a “Neutral” rating.

Buffalo Wild Wings (BWLD) was upgraded by Raymond James (NYSE:RJF) to an “Outperform” rating.

Electronic Arts Inc (ERTS) was upgraded by Brean Murray from a “Hold” rating to a “Buy” rating. They have a price target of $29.00 on the company.

ENSCO PLC (ESV) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $80.00 on the company.

Dollar Tree Inc. (DLTR) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $87.00 on the company.

Price Targets on (BA) (CLF) (CRM) (DLTR) (FLO) Updated

Price targets on shares of The Boeing Company (NYSE: BA), Cliffs Natural Resources Inc (NYSE: CLF), Salesforce.com (NYSE: CRM), Dollar Tree Inc (NASDAQ: DLTR) and Flowers Foods, Inc. (NYSE: FLO) were updated by analysts.

JPMorgan Chase & Co. (NYSE:JPM) raised their price target on The Boeing Company (BA) to $85.00.

Morgan Stanley (NYSE:MS) raised their price target on Cliffs Natural Resources Inc (CLF) to $70.00.

Wedbush raised their price target on Salesforce.com (CRM) to $170.00.

Feltl & Co. raised their price target on Dollar Tree Inc ( DLTR) from $69.00 to $83.00. They have a “strong buy” rating on the company.

Longbow Research raised their price target on Flowers Foods, Inc. (FLO) from $35.00 to $37.00. They have a “buy” rating on the company.

Price Targets on (CSCO) (CSIQ) (DIS) (DISCA) (DLTR) Updated

Price targets on shares of Cisco Systems, Inc. (NASDAQ: CSCO), Canadian Solar Inc. (NASDAQ: CSIQ), Walt Disney (NYSE: DIS), Discovery (NASDAQ: DISCA) and Dollar Tree Inc (NASDAQ: DLTR) updated by analysts.

Piper Jaffray cut their price target on Cisco Systems, Inc. (CSCO) from $21.00 to $19.00. They have a “neutral” rating on the company.

Wedbush cut their price target on Canadian Solar Inc. (CSIQ) from $11.00 to $10.00. They have a “neutral” rating on the company.

Goldman Sachs (NYSE:GS) raised their price target on Walt Disney (DIS) from $48.00 to $50.00.

Caris & Company raised their price target on Discovery (DISCA) to $50.00.

Piper Jaffray (NYSE:PJC) raised their price target on Dollar Tree Inc (DLTR) from $62.00 to $69.00. They have a “buy” rating on the company.

Price Targets on (CSCO) (DLTR) (DTV) (DYN) (ENS) Updated

Price targets on shares of Cisco Systems, Inc. (NASDAQ: CSCO), Dollar Tree Inc (NASDAQ: DLTR), DirecTV (NYSE: DTV), Dynegy Inc. (NYSE: DYN) and EnerSys (NYSE: ENS) updated by analysts.

Deutsche Bank (NYSE:DB) cut their price target on Cisco Systems, Inc. (CSCO) from $20.00 to $19.00.

Jefferies (NYSE:JEF) raised their price target on Dollar Tree Inc (DLTR) from $62.00 to $69.00. They have a “buy” rating on the company.

Morgan Stanley (NYSE:MS) raised their price target on DirecTV (DTV) to $57.00. They have an “overweight” rating on the company.

Ladenburg Thalmann raised their price target on Dynegy Inc. (DYN) from $5.50 to $6.00. They have a “neutral” rating on the company.

Needham & Company raised their price target on EnerSys (ENS) from $40.00 to $42.00. They have a “buy” rating on the company.

Ratings on (CREE) (CRM) (CSX) (DKS)(DLTR) Reiterated

Ratings on shares of Cree, Inc. (NASDAQ: CREE), Salesforce.com (NYSE: CRM), CSX Corp. (NYSE: CSX), Dick’s Sporting Goods (NYSE: DKS) and Dollar Tree Inc (NASDAQ: DLTR) were reiterated by analysts.

Morgan Stanley (NYSE:MS) reiterated an “underweight” rating on Cree, Inc. (CREE). They have a price target of $35.00 on the company.

Citigroup (NYSE:C) reiterated a “hold” rating on Salesforce.com (CRM). They have a price target of $145.00 on the company.

Goldman Sachs (NYSE:GS) reiterated a “buy” rating on CSX Corp. (CSX).

Morgan Stanley reiterated an “equal weight” rating on Discover Financial Services (DFS).

Piper Jaffray (NYSE:PJC) reiterated an “overweight” rating on Dick’s Sporting Goods (DKS).

Morgan Stanley reiterated a “neutral” rating on Dollar Tree Inc (DLTR).

All-Time Highs for (CHE) (CHSI) (CHT) (DEO) (DLTR) Reached May 6

Chemed (NYSE:CHE), Catalyst Health (NASDAQ:CHSI), Chunghwa Telecom (NYSE:CHT), Diageo Plc (NYSE:DEO) and Dollar Tree (NASDAQ:DLTR) all breached all-time highs on Friday, May 6.

Chemed (CHE) closed at $71.23, gaining $0.43, or 0.61 percent. They traded as high as $72.13 on the day.

Catalyst Health (CHSI) closed Friday at $61.27, falling $0.39, or 0.63 percent. They traded as high as $62.78 on the day.

Chunghwa Telecom (CHT) closed Friday at $31.80, climbing $0.05, or 0.16 percent. They traded as high as $31.98 on the day.

Diageo Plc (DEO) closed at $82.14, up $1.36, or 1.68 percent. They traded as high as $81.74 on the day.

Dollar Tree (DLTR) closed at $58.07, gaining $0.64, or 3.00 percent. They traded as high as $58.98 on the day.

Goldman Sachs (GS) Sees (OMX), (ANF), (AEO), (RSH), (ANN), (GPS), (SWY) in LBO Deals

The retail sector could be about to explode in LBO deals, according to Goldman Sachs (NYSE:GS), which sees the probability of LBO's for Safeway (NYSE:SWY), The Children's Place Retail Stores (NASDAQ:PLCE), OfficeMax (NYSE:OMX), Ross Stores (Nasdaq:ROST), Abercrombie & Fitch (NYSE:ANF), American Eagle Outfitters, (NYSE:AEO), Aeropostale (NYSE:ARO), RadioShack (NYSE:RSH), AnnTaylor Stores (NYSE), Dollar Tree (DLTR) and Gap (NYSE:GPS).

American Eagle Outfitters (NYSE:AEO) got a nice bump up on Wednesday on LBO rumors, so we'll probably start to see a lot of trading in the sector as rumors escalate, with a number of them probably being true, as pointed out by Goldman.

These are just some of the probabilities in the retail sector, which could consolidate even more.

Goldman determines that about $9 billion could be spent on U.S. retail LBOs. Of a universe of over 120 public companies, that equates to close to 8 percent of the overall aggregate enterprise value. That's how they came up with the 11 companies listed above, as far as the number of companies which are likely to be part of an LBO.

Goldman sees a 15 percent to 30 percent chance of a leveraged buy out for the companies listed above.

Big Lots (NYSE: BIG), 99 Cents Only Stores (NYSE:NDN) Most Likely LBO Candidates Says Barclays

With the attention of private equity seeming to be focused on the small retail sector lately, Barclays took a look at companies left that could fit the profile of a probable candidate, and feel Big Lots (NYSE:BIG) and 99 Cents Only Stores (NYSE:NDN) are among the few that warrant a real chance of being taken over and going private.

Barclays said, "Private equity interest in retail companies appears to have increased recently, with the just completed LBO of Gymboree (Nasdaq:GYMB) and pending LBOs of J. Crew (NYSE:JCG) and of Jo-Ann Stores (NYSE:JAS). These transactions have focused investors' attention on other retailers that could potentially be taken private. We, too, have reviewed our universe of retailers - specifically the small-box discounters - to determine whether any of them would be suitable LBO candidates. We believe some of the key criteria for a successful LBO include valuation, the outlook for free cash flow generation, ownership structure, and size. Based on our analysis, Big Lots (BIG) is the only one of the five small-box discounters we cover that fits these criteria. It has strong free cash flow, expansion potential, broad ownership, and a low valuation. Also, its enterprise value of $2.4 billion means the required debt and equity financing are likely to be readily available."

"All the stocks we reviewed have strong and growing free cash flow, but Dollar Tree (Nasdaq:DLTR) and Family Dollar (NYSE:FDO) both have valuations that are high enough to limit private equity returns. Dollar General (NYSE:DG) is not only valued at a similar level to DLTR and FDO, but its shares are still majority owned by private equity investors following its 2007 LBO. 99 Cents Only Stores (NDN) is more reasonably valued and an ideal size."

Big Lots closed Thursday at $32.09, gaining $0.41, or 1.29 percent. 99 Cents Only closed at $15.20, losing $0.26, or 1.68 percent.

Medifast (NYSE:MED), JAKKS Pacific (Nasdaq:JAKK), Pier 1 Imports (NYSE:PIR), Dollar Tree (Nasdaq:DLTR), Sotheby's (NYSE:BID) Among Top Picks of Wedbus

In the Consumer/Retail space, Wedbush released its top picks and those that may be a disaster in 2011. Among the top picks are Medifast (NYSE:MED), JAKKS Pacific (Nasdaq:JAKK), Pier 1 Imports (NYSE:PIR), Dollar Tree (Nasdaq:DLTR) and Sotheby's (NYSE:BID)

Particularly noted in the luxury space was Sotheby's, which, along with other luxury retailers, is being watched closely to see if the more affluent are starting to spend again.

Also listed among their favorites were Children's Place (Nasdaq:PLCE), Talbots (NYSE:TLB) and Foot Locker (NYSE:FL).

Those with a good chance of underperforming in 2011 include American Eagle (NYSE:AEO), Family Dollar (NYSE:FDO) and Helen of Troy (Nasdaq:HELE).

Dollar Tree (NASDAQ:DLTR) Maintains Strong Defensive Profile

Even though the dollar store sector continues to outperform the rest of retail, Jefferies likes Dollar Tree (NASDAQ:DLTR) the best among the grouping, based on a strong defensive profile. They maintain their "Buy" rating on the company.

Jefferies said, "In an environment where the dollar store group has outperformed retail, we still favor Dollar Tree for its defensive profile, consistent performance and relatively strong unit growth story. Sales growth is strong and management continues to demonstrate that it can manage through challenging environments and still beat."

The improvement of merchandise in the store is also helping them appeal to a larger consumer base, added Jefferies.

Earnings per share estimates for full year 2011 were increased from $3.03 to $3.20 and from $3.53 to $3.75 for full year 2012.

Dollar Tree closed Friday at $53.41, dropping $0.40, or 0.74 percent. Jefferies has a price target on them of $62, raising it from $57.

Dollar Tree (NASDAQ:DLTR) May Slow Down in Third Quarter

Dollar Tree Inc. (NASDAQ:DLTR) closed Wednesday at $54.71, gaining $1.34, or 2.51 percent in anticipation of their third-quarter earnings report scheduled to be released Thursday before the opening of trading.

Analysts are looking for the retailer to report revenue of $1.38 billion and earnings of $0.62 a share.

As of the beginning of the third quarter, shares have exploded by over 31 percent, or $13.04, as consumers look for inexpensive items in light of the ongoing recession in the U.S. The stock has risen buy almost 68 percent in the year so far.

Goldman Sachs (NYSE:GS) said, "The difference in this quarter will be the lack of gross margin expansion, which is expected to be flattish due to higher yoy freight (both ocean and diesel) and a timing shift from 3Q to 4Q."