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Equities Research Analysts’ new coverage for Tuesday, May 20th:

Citigroup Inc. initiated coverage on shares of Ally Financial (NASDAQ:ALFI). Citigroup Inc. issued a buy rating on the stock.

Credit Suisse started coverage on shares of Ally Financial (NASDAQ:ALFI). The firm issued a neutral rating and a $27.00 price target on the stock.

Bank of America initiated coverage on shares of Ally Financial (NASDAQ:ALFI). The firm issued a neutral rating on the stock.

Sandler O’Neill started coverage on shares of Ally Financial (NASDAQ:ALLY). They issued a hold rating and a $26.00 target price on the stock.

Morgan Stanley began coverage on shares of Coach (NYSE:COH). The firm issued a hold rating and a $46.00 price target on the stock.

Spruce Point Management started coverage on shares of iRobot (NASDAQ:IRBT). They issued a strong sell rating on the stock.

Morgan Stanley initiated coverage on shares of Michael Kors Holdings (NASDAQ:KORS). Morgan Stanley issued a buy rating and a $117.00 target price on the stock. The analysts wrote, “jet-set”

Credit Suisse started coverage on shares of LUKOIL (OTCMKTS:LUKOY). They issued an outperform rating and a $66.00 target price on the stock.

Stephens assumed coverage on shares of Omnicell (NASDAQ:OMCL). The firm issued an overweight rating on the stock.

Goldman Sachs initiated coverage on shares of Starwood Property Trust (NYSE:STWD). Goldman Sachs issued a buy rating and a $25.00 price target on the stock.

Goldman Sachs started coverage on shares of Starwood Property Trust (NYSE:STWD). They issued a buy rating and a $25.00 price target on the stock.

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