Initiate coverage

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).

Initiate Coverage

In technical analysis, to begin tracking the performance of a stock. Initiating coverage involves looking at a stock's past performance in the hope of observing indicators for future performance. When a brokerage or other organization initiates coverage, it usually announces that it is doing so, along with its first assessment. For example, a brokerage may announce that it has initiated coverage of Stock ABC with the recommendation of strong sell.
References in periodicals archive ?
While we expect earnings to expand at a still-healthy 13% clip in 2007, multiple expansion will be difficult in the face of this sharp earnings growth deceleration, and we initiate coverage at Market Perform.
On that premise, we initiate coverage with a Speculative Buy rating with a price objective of $1.
We initiate coverage with a Neutral Rating as we fundamentally believe that VIASPACE's market value already reflects significant market potential.
We initiate coverage of Euroweb International Corp.
We initiate coverage on Xaar plc (LSE:XAR) with a Buy rating and a price target of US$5.
60 and initiate coverage with an investment rating of Neutral, preferring to build positions on any weakness.
Consequently, with potential price appreciation of 45%, we initiate coverage of GM Auctions with a Buy investment rating.
Cohen, Chairman, Chief Executive Officer and President, said, "We welcome FBR's decision to initiate coverage of our Company.
We're pleased to have Taglich Brothers initiate coverage of Voxware and issue a Speculative Buy recommendation on our stock.
Please note that any opinions, estimates or forecasts regarding Pacific Capital Bancorp's performance made by the analysts identified in this press release, or any other analysts that may initiate coverage of Pacific Capital Bancorp, are theirs alone and do not represent opinions, forecasts or predictions of Pacific Capital Bancorp or its management.