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Equities Research Analysts’ new coverage for Friday, September 5th:

Sidoti started coverage on shares of Advanced Energy Industries (NASDAQ:AEIS). The firm issued a buy rating and a $25.00 target price on the stock.

GARP Research started coverage on shares of Advanced Energy Industries (NASDAQ:AEIS). The firm issued a buy rating on the stock.

HC Wainwright assumed coverage on shares of DragonWave, Inc.(USA) (NASDAQ:DRWI). HC Wainwright issued a neutral rating on the stock.

Buckingham Research started coverage on shares of Emerson Electric (NYSE:EMR). Buckingham Research issued a neutral rating and a $67.00 price target on the stock.

Stephens started coverage on shares of HMS Holdings Corp (NASDAQ:HMSY). The firm issued an overweight rating on the stock.

Sandler O’Neill initiated coverage on shares of Independent Bank Co.(MI) (NASDAQ:IBCP). Sandler O’Neill issued a buy rating on the stock.

BMO Capital Markets began coverage on shares of Johnson & Johnson (NYSE:JNJ). The firm issued an outperform rating and a $118.00 price target on the stock.

Morgan Stanley assumed coverage on shares of Orion Engineered Carbons (NYSE:OEC). Morgan Stanley issued an equal weight rating and a $19.40 target price on the stock. The analysts wrote, “As a top 3 player in carbon black, Orion offers exposure to attractive themes across tyre and auto markets, and higher margin growth across specialty applications, where it is the market leader. However, its risk/reward profile is balanced and 14% base case upside is more supportive of an EW stance.”

Goldman Sachs began coverage on shares of Orion Engineered Carbons (NYSE:OEC). They issued a buy rating on the stock.

Buckingham Research started coverage on shares of REGAL-BELOIT CORPORATION (NYSE:RBC). The firm issued a buy rating and a $82.00 target price on the stock.

Buckingham Research initiated coverage on shares of Rockwell Automation (NYSE:ROK). Buckingham Research issued a neutral rating and a $124.00 price target on the stock.

Bank of America started coverage on shares of Susser Petroleum Partners (NASDAQ:SUSP). The firm issued a neutral rating and a $59.00 target price on the stock. The analysts wrote, “On 28 April 2014, Energy Transfer Partners, LP (ETP) announced the acquisition of SUSP’s general partner (GP), Susser Holdings Corp. (SUSS) (see: The Laredo Taco meets the Philly soft pretzel). SUSP will become the primary vehicle to house SUSS and legacy-SUN’s retail gasoline operations via expected drop-downs from ETP over time. We estimate legacy-SUN’s retail marketing operations will generate $425mn of annual EBITDA and SUSS is estimated to generate $120mn, implying total drop-down value potential of $5.5-6.5bn, in our view.”

Sandler O’Neill began coverage on shares of Umpqua Holdings Corp. (NASDAQ:UMPQ). Sandler O’Neill issued a buy rating on the stock.

Buckingham Research started coverage on shares of WESCO International (NYSE:WCC). The firm issued a neutral rating and a $90.00 price target on the stock.

Buckingham Research initiated coverage on shares of Watsco (NYSE:WSO). Buckingham Research issued a neutral rating and a $99.00 price target on the stock.

Societe Generale began coverage on shares of Yara International ASA (NASDAQ:YARIY). Societe Generale issued a hold rating on the stock.

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