TechTarget (TTGT) (HLIT) (THG) (ICLR) (SUI) (IRF) Get New Coverage

TechTarget Inc (NASDAQ: TTGT), Harmonic (NASDAQ: HLIT), The Hanover Insurance Group, Inc. (NYSE: THG), ICON plc (NASDAQ: ICLR), Sun Communities Inc (NYSE: SUI) and International Rectifier (NYSE: IRF) getting new analyst coverage.

Robert W. Baird initiated coverage on TechTarget Inc. (TTGT). They placed an “Outperform” rating and a price target of $8.00 on the company.

ThinkEquity initiated coverage on Harmonic (HLIT). They placed a “Hold” rating on the company.

Sterne Agee initiated coverage on The Hanover Insurance Group, Inc. (THG). They placed a “Buy” rating and a price target of $44.00 on the company.

BB&T (NYSE:BBT) initiated coverage on ICON plc (ICLR). They placed a “Hold” rating on the company.

Ladenburg Thalmann initiated coverage on Sun Communities Inc. (SUI). They placed a “Buy” rating and a price target of $43.00 on the company.

The Benchmark Company initiated coverage on International Rectifier (IRF). They placed a “Buy” rating and a price target of $25.00 on the company.

ICON (NASDAQ:ICLR) Upside Dependent on Execution

Execution in the key for ICON (NASDAQ:ICLR) in 2011, say Jefferies, noting that flat earning will still probably weigh on the company.

Jefferies said, "ICON has benefited from multiple expansion in anticipation of a lab turnaround and building momentum in late-stage clinical. It still lags peers and should see further upside with solid execution. 2011 looks to be a flat earnings year but with investments to support long-term growth."

They maintain a "Buy" rating on ICON, which closed Tuesday at $22.83, dropping $0.12, or 0.52 percent. Jefferies raised their price target on ICON from $23 to $27.