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 ?
READ: Two prominent research firms initiate coverage on Acasti Pharma with Buy rating
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.
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.
We initiate coverage of Kuzbass Fuel Company (KTK), a major and fast growing thermal coal producer.
Anastasiou has joined the firm to initiate coverage on the Utilities sector.
Leyland has joined Investec to initiate coverage on the Gaming sector.
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.
More alarming still, many analysts, after purchasing these inexpensive pre-IPO shares in companies they cover, subsequently initiate coverage with a "buy" recommendation.
We initiate coverage of Mail.ru Group, the leading Internet platform in Russia, after meeting with company management.
We initiate coverage of Global Ports, a leading Russian container port operator.