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Analysts’ new coverage for Friday, May 16th:

Jefferies Group began coverage on shares of Alkermes Plc (NASDAQ:ALKS). Jefferies Group issued a buy rating and a $53.00 price target on the stock.

N 1 Singer assumed coverage on shares of Ashcourt Rowan PLC (LON:ARP). The firm issued a buy rating and a GBX 231 ($3.89) price target on the stock.

N+1 Singer started coverage on shares of Ashcourt Rowan PLC (LON:ARP). The firm issued a buy rating and a GBX 231 ($3.89) target price on the stock.

JMP Securities began coverage on shares of Axis Capital Holdings Limited (NYSE:AXS). The firm issued an outperform rating and a $53.00 target price on the stock.

Jefferies Group assumed coverage on shares of Boohoo.Com PLC (LON:BOO). Jefferies Group issued a buy rating and a GBX 68 ($1.15) target price on the stock.

Wunderlich began coverage on shares of City Office REIT (NYSE:CIO). The firm issued a buy rating and a $16.00 price target on the stock. The analysts wrote, “We are initiating coverage of City Office REIT, Inc. (CIO) with a Buy rating and a $16 price target. CIO is an externally managed office REIT with a focus on non-Gateway markets that are underinvested by much of the institutional investment community and where market cap rates remain attractive. The external advisor (Second City) has a track record of successfully acquiring significantly undervalued assets and creating value via selective capex investment and improvements to operations, leading to occupancy gains. “While the distressed point of the cycle may have passed, CIO’s value creation strategy and market focus has significant room for expansion: current office valuations are attractive at 73% off their peak in our estimation and fundamentals are improving.”

Ladenburg Thalmann started coverage on shares of Calumet Specialty Products Partners, L.P (NASDAQ:CLMT). The firm issued a buy rating and a $36.00 target price on the stock.

Sandler O’Neill began coverage on shares of Clifton Bancorp (NASDAQ:CSBK). The firm issued a buy rating on the stock.

Sterne Agee began coverage on shares of Independent Bank Group (NASDAQ:IBTX). They issued a buy rating and a $56.00 price target on the stock.

Deutsche Bank assumed coverage on shares of Invesco (NYSE:IVZ). They issued a hold rating and a $39.00 price target on the stock.

Roth Capital initiated coverage on shares of Top Image Systems (NASDAQ:TISA). They issued a buy rating and a $7.50 target price on the stock.

Deutsche Bank started coverage on shares of T. Rowe Price Group (NASDAQ:TROW). They issued a buy rating and a $93.00 price target on the stock.

B. Riley began coverage on shares of TheStreet.com (NYSE:TST). They issued a buy rating and a $4.15 target price on the stock.

Brean Capital initiated coverage on shares of Whiting Petroleum Corp (NYSE:WLL). They issued a buy rating and a $96.00 target price on the stock.

Berenberg Bank began coverage on shares of The Western Union Company (NYSE:WU). Berenberg Bank issued a sell rating and a $12.50 target price on the stock.

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