A number of the investment banks who helped manage last month's Dollar General IPO have launched coverage of the retailer with mostly upbeat opinions [2]. In addition the three mentioned in that link, Deutsche and Barclays Capital also have weighed in with 'buy' and 'overweight' ratings, respectively. Both of those firms see the stock (Ticker: DG [3]) rising at least 24 percent.
Pinnacle Financial Partners got a nice bump this morning from Keefe Bruyette analyst Jefferson Harralson, who has raised his rating on the bank to 'outperform' and lifted his target [4] to $16.50 from $14.50. Pinnacle shares (Ticker: PNFP [5]) were up 9 percent in early trading, but have since retreated a bit. At about 11:10, they were up more than 3 percent to $14.13.
And at Madison Williams, analyst James Kumpel recently began covering Emdeon shares with a 'buy' rating and a target of $21, which is a whopping 40 percent above where they are trading this morning. Kumpel said the Nashville-based payment intermediary (Ticker: EM [6]) is "the only true single-source solution for provider to manage healthcare transactions across virtually all payers" and will benefit from the increasing complexity of the health care system. Key to growth in the coming years is cross-selling, where the company sees more than $2 billion in opportunities.