Stemcells (STEM) (ACHN) (WETF) (AOLS) (VMI) (BECN) (SNSS) Get New Coverage

Stemcells Inc. (NASDAQ: STEM), Achillion Pharmaceuticals Inc. (NASDAQ: ACHN), WisdomTree Investments, Inc. (NASDAQ: WETF), Aeolus Pharma (OTC:AOLS), Valmont Industries, Inc. (NYSE: VMI), Beacon Roofing Supply (NASDAQ: BECN) and Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS) getting new analyst coverage.

Roth Capital initiated coverage on Stemcells Inc. (STEM). They placed a “Buy” rating on the company.

Robert W. Baird initiated coverage on Achillion Pharmaceuticals Inc. They placed an “Outperform” rating and a price target of $9.00 on the company.

Piper Jaffray (NYSE:PJC) initiated coverage on WisdomTree Investments, Inc. (WETF). They placed an “Overweight” rating on the company.

Ladenburg Thalmann initiated coverage on Aeolus Pharma (OTC:AOLS). They placed a “Buy” rating and a price target of $1.25 on the company.

Keybanc initiated coverage on Valmont Industries, Inc. (VMI). They placed a “Buy” rating and a price target of $110.00 on the company.

Raymond James (NYSE:RJF) initiated coverage on Beacon Roofing Supply (BECN). They placed an “Outperform” rating on the company.

Roth Capital initiated coverage on Sunesis Pharmaceuticals, Inc. (SNSS). They placed a “Buy” rating on the company.

Dynegy (DYN) (EEP) (EMN) (MET) (WSDT) (CPN) Ratings Reiterated

Dynegy Inc. (NYSE: DYN), Enbridge Energy Partners LP (NYSE: EEP), Eastman Chemical Co (NYSE: EMN), MetLife, Inc. (NYSE: MET), WisdomTree Investments, Inc. (NASDAQ: WSDT) and Calpine (NYSE: CPN) have ratings reiterated by analysts.

Jefferies (NYSE:JEF) reiterated its "Hold" rating on Dynegy Inc. (DYN).

Citigroup (NYSE:C) maintains its "Buy" rating on Enbridge Energy Partners LP (EEP).

Citigroup reiterated its "Hold" rating on Eastman Chemical Co (EMN).

Citigroup reiterated its "Buy" rating on MetLife, Inc. (MET).

Citigroup reiterated its "Buy" rating on WisdomTree Investments, Inc. (WSDT). They have a price target of $10.00 on the company.

Wunderlich reiterated a "Buy" rating on Calpine (CPN). They have a price target of $18.00 on the company.

BlackRock (NYSE:BLK), Schwab (Nasdaq:SCHW), Wisdom Tree (OTC:WSDT), Eaton Vance (NYSE:EV), Invesco (NYSE:IVZ), Janus Capital (NYSE:JNS) Assessed by Ticonderoga

Ticonderoga took a look at several financial sectors and companies, including BlackRock (NYSE:BLK), Schwab (Nasdaq:SCHW), Wisdom Tree (OTC:WSDT), Eaton Vance (NYSE:EV), Invesco (NYSE:IVZ) and Janus Capital (NYSE:JNS), with varying degrees of results.

Ticonderoga Securities said, "ETF Flows Slow, Domestic Equity Improves, U.S. Bonds Have Outflows. ETF flows slowed to $10.5 billion in November from $12.1 billion in October. Domestic equity flows actually increased to $5.9 billion from $3.1 billion last month while Global flows declined to $3.6 billion from $8.3 billion last month. Note this is contrary to open end mutual funds where international remains in inflow mode and domestic mutual funds in outflow mode. This dynamic is alarming for domestically biased mutual fund managers we cover such as LM, Eaton Vance, Invesco and Janus Capital . Also notable were negative U.S. fixed income flows of $571 million. They were positive $1.6 billion in October.

"Slowdown in Passive Bonds Worth Watching for BlackRock. The slowdown in bond ETFS is worth watching. BLK had $32 billion in passive bond flows in Q3. Excluding passive bonds, BLK would have had $12 billion in outflows. We expect to see more active outflows related from quantitative and the merger. A negative turn in bond flows would likely further pressure BLK growth rates in the near term considering recent reliance on passive fixed income.

"Other Notables. The big three (Vanguard, Blackrock, State Street) continue to dominate, but smaller outfits are showing some signs of success. Schwab (NR) reported ETF flows of $205 million compared to $170 million last month. Wisdom Tree (NR) reported inflow of $490 million, fourth best for the month despite being the eighth largest ETF manager with roughly $8.8 billion in AUM."

BlackRock closed Monday at $171.48, down $0.87, or 0.50 percent. Charles Schwab closed up $16.21, gaining $0.08, or 0.50 percent. Wisdom Tree ended the trading session at $3.90, up by $0.25, or 6.85 percent. Eaton Vance was at $30.90, losing $0.29, or 0.93 percent. Invesco closed at $22.82, falling $0.17, or 0.74 percent. Janus was at $11.59, down slightly by $0.01, or 0.09 percent.