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Investment Analysts’ new coverage for Thursday, July 17th:

FBR Capital Markets began coverage on shares of Ashford Hospitality Trust (NYSE:AHT). They issued a market perform rating and a $20.00 target price on the stock.

National Bank Financial began coverage on shares of Aecon Group (TSE:ARE). They issued an outperform rating on the stock.

Wedbush assumed coverage on shares of Masonite International Corp (NYSE:DOOR). Wedbush issued an outperform rating on the stock.

Johnson Rice assumed coverage on shares of Eclipse Resources Corp (NYSE:ECR). Johnson Rice issued an overweight rating on the stock.

Canaccord Genuity initiated coverage on shares of EQT Midstream Partners (NYSE:EQM). The firm issued a buy rating on the stock.

Credit Suisse initiated coverage on shares of Diamondback Energy (NASDAQ:FANG). Credit Suisse issued an outperform rating on the stock.

Oppenheimer initiated coverage on shares of FLIR Systems (NASDAQ:FLIR). Oppenheimer issued an outperform rating on the stock.

Bryan Garnier & Cie assumed coverage on shares of GDF Suez (NASDAQ:GDFZY). The firm issued a buy rating on the stock.

MLV & Co
started coverage on shares of Government Properties Income Trust (NYSE:GOV). MLV & Co
issued a hold rating and a $23.00 price target on the stock. The analysts wrote, “Last week, GOV announced that it would buy 21.5M shares of SIR from CWH for $31.50 per share, or $677M, which represented a $1.50/sh premium to the market price on July 8th—the day before the acquisition was announced. “The purchase is a clear indication that a hostile takeover of SIR by an activist is very unlikely, since GOV is externally managed by the same company, RMR. Accordingly, the stock has declined in value by about $0.85 and is about $2.35 below GOV’s purchase price. Therefore, the acquisition has been dilutive to NAV so far; however, we expect the investment to be approximately 7% accretive to FFO once long-term debt and equity are in place (see Exhibit 1 for leverage sensitivity). Our primary concern with the acquisition is that ~30% of GOV’s EBITDA will now come from SIR, which means GOV went from a stock that was almost exclusively exposed to government assets to approximately 70% government, 15% Hawaii industrial, and 15% single-tenant office. We believe this makes GOV less appealing to investors looking for direct exposure to government-leased real estate. “We are lowering our price target to $23, from $24, due to NAV dilution from the acquisition. We maintain our HOLD rating.”

Maxim Group started coverage on shares of Isoray (AMEX:ISR). Maxim Group issued a buy rating on the stock.

Wedbush began coverage on shares of Kona Grill (NASDAQ:KONA). They issued an outperform rating on the stock.

National Bank Financial initiated coverage on shares of Mason Graphite (CVE:LLG). They issued an outperform rating and a C$1.20 price target on the stock.

BMO Capital Markets started coverage on shares of MAG Silver Corp (NYSE:MVG). They issued an outperform rating on the stock.

Barclays began coverage on shares of Omnicare (NYSE:OCR). They issued an equal weight rating on the stock.

Barclays initiated coverage on shares of PharMerica (NYSE:PMC). The firm issued an underweight rating on the stock.

Morgan Stanley started coverage on shares of Seventy Seven Energy (NYSE:SSE). Morgan Stanley issued an equal weight rating and a $29.00 price target on the stock.

Axiom Securities assumed coverage on shares of Sunedison (NASDAQ:SUNE). Axiom Securities issued a buy rating on the stock.

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