Share on StockTwits
 

Equities Research Analysts’ new coverage for Wednesday, February 26th:

TheStreet started coverage on shares of Brookfield Renewable Energy Partners LP Partnership Units (Bermuda) (NYSE:BEP). TheStreet issued a sell rating on the stock.

CRT Capital started coverage on shares of Covidien PLC (NYSE:COV). CRT Capital issued a buy rating and a $82.00 target price on the stock. The analysts wrote, “has a full pipeline and a road map to tap into five potentially $1+ billion high growth markets each.” Shares have moved in a straight line higher since the open, now up about 1.4 percent to $71.34. Chadha said Covidien can “consistently deliver 4-6% revenue growth lead by: a) an improvement in revenue mix towards higher-growth segments and geographies, b) new products introductions, and c) an appetite for strategic acquisitions.” The analyst credited “solid execution” to the company’s superb operational leverage, which, in addition to a non-US tax structure, provides “access to more cash to return to shareholders than its large cap medical technology peers.” Chadha’s projection “calls for 9-13% EPS growth [through 2017] with leverage from its restructuring programs.”

Howard Weil began coverage on shares of EP Energy Corp (NYSE:EPE). Howard Weil issued a sector perform rating and a $26.00 target price on the stock.

Capital One Financial Corp. assumed coverage on shares of EP Energy Corp (NYSE:EPE). Capital One Financial Corp. issued an equal weight rating on the stock.

UBS AG assumed coverage on shares of EP Energy Corp (NYSE:EPE). The firm issued a buy rating and a $25.00 target price on the stock.

BMO Capital Markets initiated coverage on shares of EP Energy Corp (NYSE:EPE). They issued a market perform rating on the stock.

SunTrust assumed coverage on shares of EP Energy Corp (NYSE:EPE). They issued a neutral rating on the stock.

Goldman Sachs assumed coverage on shares of FelCor Lodging Trust (NYSE:FCH). Goldman Sachs issued an underperform rating and a $7.00 price target on the stock. The analysts wrote, “We are lowering our 2014 EBITDA estimate to $203M from $220M as we now assume FCH sells its 20 non-core assets throughout the year. Given strong trends in the hotel transaction environment, we estimate FCH is able to sell these assets at a solid clip, and our forecast is towards the low end of the company’s $202-217M guide because of this. Our Underperform rating is unchanged, but we are tweaking our PO to $7.50 from $7 as we believe FCH’s portfolio would improve with these non-core sales.”

Bank of America initiated coverage on shares of Incyte (NASDAQ:INCY). Bank of America issued a buy rating and a $84.00 price target on the stock.

Ladenburg Thalmann started coverage on shares of Spirit Realty Capital (NYSE:SRC). They issued a neutral rating on the stock.

Barclays assumed coverage on shares of Vodafone Group Plc (NYSE:VOD). Barclays issued an overweight rating on the stock.

Credit Suisse began coverage on shares of WCI Communities (NASDAQ:WCIC). Credit Suisse issued an outperform rating on the stock.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.