I also think coverage will be initiated soon. Does the China news have to be out first??
Analysts like to recommend just before big catalyst. So it follows that Herzog initiates (she will be damn sure of China first), then China, then bell ringing. China and bell ringing could be the same day. That sequence might provide some share price fireworks (pun?). (Light up the buyers).
Even if Wells Fargo does initiate coverage, I'd be surprised if it were more than 'neutral' which would probably=share price drop. It all comes down to execution and earnings.