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Analysts at HSBC initiated coverage on shares of McDermott International (NYSE: MDR) with a “neutral” rating. The target price for McDermott is set to $14. McDermott's shares closed at $12.40 yesterday.

Jefferies initiated coverage on shares of VeriFone Systems (NYSE: PAY) with a “hold” rating. The target price for VeriFone is set to $36. VeriFone's shares closed at $35.18 yesterday.

JMP Securities initiated coverage on shares of Affymax (NASDAQ: AFFY) with an “outperform” rating. The target price for Affymax is set to $23. Affymax's stock closed at $17.69 yesterday.

Analysts at Sterne Agee initiated coverage on shares of DSW (NYSE: DSW) with a “buy” rating. The target price for DSW is set to $75. DSW's shares closed at $67.93 yesterday.

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