Cotiviti Gets A Warm Reception Following IPO Quiet Period

With the IPO quiet period over, several analysts initiated coverage on Cotiviti Holdings Inc COTV Monday morning with an overwhelmingly positive view.  Here’s a summary of some of the analyst coverage:

• RBC Capital initiates coverage on Cotiviti Holdings at Outperform
• Barclays initiates at Overweight, $22.00 Price Target
• SunTrust Robinson Humphrey initiates at Buy, $24.00 PT
• Credit Suisse initiates at Outperform
• Goldman Sachs initiates at Buy
• JP Morgan initiates at Overweight
• Baird initiates at Outperfor,
• William Blair initiates at Outperform
• Analysts at Citi Research were slightly less bullish, initiating at Neutral.

An IPO quiet period is the time in which a company issuing an IPO must be silent about it, to avoid affecting the stock price.