Initiation

According to Dahlman Rose, Air Lease (NYSE: AL) coverage is initiated at Buy. Dahlman Rose said that it is initiating coverage on Air Lease Corp with a Buy rating and $30 price target. “We expect rapid fleet expansion in 2012 and 2013, pushing revenues and earnings higher. Air Lease's growth is...

Scotia Capital Markets raises its price target on Perform-rated EOG Resources (NYSE: EOG) following solid results and continued success on Eagle Ford. Scotia Capital Markets says, "Despite in-line volumes of 442 mboe/d, CFPS of $4.72 was ahead of our estimate of $4.19 (cons. at $4.37) on stronger...

Jefferies initiates a Hold rating with a $30 price target on Altria Group (NYSE: MO) as it believes equity valuation is currently at fair levels. Jefferies says, "Altria's equity in our view is fairly valued, given our concerns about the growth outlook for Marlboro (ca. 75% of profits) and a...

Jefferies initiates its coverage on Lorillard (NYSE: LO) with a rating of Buy and a price target of $139 per share on strong margin and fundamentals. Jefferies says, "In our view, LO's equity does not fully reflect its strong margins and fundamentals: Newport is the only growing premium brand...

Jefferies initiates coverage on Reynolds American (NYSE: RAI) with a Hold rating and a price target of $42 a share, as stock appears to have fully priced in the good outlook. Jefferies notes, "RAI's equity, in our view, fairly reflects the improving outlook for its cigarette portfolio, strong...

Jefferies initiates its coverage on Philip Morris (NYSE: PM) with a Hold rating and a $89 price target, on expectations that 2012 may be slower than the previous year. Jefferies says, "We are initiating coverage of Philip Morris International with a Hold rating and $89 target price. We are...

According to a research report released earlier today, Dahlman Rose has initiated coverage on Golar LNG Partners LP (NASDAQ: GMLP) with a Buy rating and a $40 PT. In the report, Dahlman Rose commented, “We are initiating coverage of Golar LNG Partners with a Buy rating; the company offers...

Piper Jaffray initiates its coverage on TripAdvisor (NASDAQ: TRIP) with a Neutral rating and a price target of $30 a share as 2012 looks to be a no-growth transition year. Piper Jaffray says, "TripAdvisor reported Q4 results on 2/8 and the negative reaction was based on guidance below...