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Initiate coverage |
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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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? Mentioned in | ? References in periodicals archive | |
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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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Initiate coverage
