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).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
READ: Two prominent research firms initiate coverage on Acasti Pharma with Buy rating
Acasti Pharma to investors: We're not planning a capital raise
Renaissance Capital initiate coverage on First Gulf Bank (FGB), Dubai Islamic Bank (DIB) and National Bank of Ras Al-Khaimah (RAK Bank) with a BUY rating and respective TPs of AED 17.7, AED 9.5, and AED 11.2.
Of the three banks we initiate coverage on in this report, we believe RAK Bank has the most attractive consumer franchise today, but FGB has the most potential to drive innovation and change in the long run.
Renaissance Capital: UAE banks are a bright spot in EMEA
Those not currently covered under either program who want to initiate coverage must submit an initial two-month premium payment with a completed application form.
New Tricare premiums take effect Jan. 1
We initiate coverage of Kuzbass Fuel Company (KTK), a major and fast growing thermal coal producer.
RMG - Kuzbass Fuel Company: More and Better Coal for Export, Jan 11 , 2012
Anastasiou has joined the firm to initiate coverage on the Utilities sector.
Leyland has joined Investec to initiate coverage on the Gaming sector.
-Investec Investment Banking strengthens team
today announced the launch of its equity research group and its plans to initiate coverage of companies in the Telecommunication, Media and Technology, and Financial Institutions industries during the third quarter.
United States : Evercore Partners Launches Equity Research Group
brokerage firms are reluctant to initiate coverage if their European counterpart is already providing coverage.
Cross-border investor relations: worth the investment? Companies weighing the value of approaching overseas investors could take a lesson from the approach of a German bioscience company. (International IR)
More alarming still, many analysts, after purchasing these inexpensive pre-IPO shares in companies they cover, subsequently initiate coverage with a "buy" recommendation.
Tell Me Something I Don't Know
We initiate coverage of Mail.ru Group, the leading Internet platform in Russia, after meeting with company management.
RMG - Mail.ru Group: High Growth Rates are Generally Priced-in, Nov 18, 2011
We initiate coverage of Global Ports, a leading Russian container port operator.
RMG - Global Ports: Sound Business in a Risky Environment, Nov 18, 2011
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