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Initiate coverage

    0.07 sec.
Initiate coverage
(1) Firm is now followed by analysts at a particular securities house; (2) Indication to cover short position by purchasing the underlying stock (this cancels out the short position).

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Klaeser told Gouw that First Union would only initiate coverage if it were chosen to manage an additional offering of at least $10 million in size, according to the complaint.
More alarming still, many analysts, after purchasing these inexpensive pre-IPO shares in companies they cover, subsequently initiate coverage with a "buy" recommendation.
This is often the case because analysts almost always initiate coverage with a positive recommendation.
 
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