Needham & Company has initiated coverage on Comverge (COMV) with a Buy rating and $14 price target.  Shares of COMV could use a boost.  They remain in a down trend and there is resistance all the way up to the 11.15 level of the 200 day moving average.  Hat tip to Street Insider for the following analyst comment:

“Overall, we view Comverge’s strong presence in US residential demand response (along with its building presence in … Read the rest