Cree (CREE) (LNT) (NR) (BAS) (IRDM) Get New Coverage

Cree (NASDAQ: CREE), Alliant Energy (NYSE: LNT), Newpark Resources (NYSE: NR), Basic Energy Services (NYSE: BAS) and Iridium Communications (NASDAQ: IRDM) are getting new coverage.

Wells Fargo & Co. (NYSE: WFC) initiated coverage on Alliant Energy (LNT). They placed a “market perform” rating on the company.

BB&T initiated coverage on Newpark Resources (NR). They placed a “buy” rating and a price target of $12.50 on the company.

Dahlman Rose initiated coverage on Basic Energy Services (BAS). They placed a “hold” rating on the company.

Morgan Keegan initiated coverage on Iridium Communications (IRDM). The placed an “outperform” rating and a price target of $12.00 on the company.

Credit Suisse (NYSE: CS) initiated coverage on Cree (CREE). They placed a “neutral” rating on the company.