New Stock Analyst Coverage: Sirius, Leapfrog, IBM

Wall St. Watchdog reveals information about companies for which stock analysts initiated coverage in the first week of February:

Sirius XM Radio (NASDAQ:SIRI):

Barclays Capital initiated coverage of this company with a rating of Underweight and a price target of $2.

Leapfrog (NYSE:LF):

Ascendiant Capital Markets initiated coverage of this company with a rating of Strong Buy and a price target of $8.

IBM (NYSE:IBM):

Sterne Agee initiated coverage of this company with a rating of Buy.

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To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com