MOST NOTEWORTHY: Notable initiations today include Ericsson (ERIC) and Research in Motion (RIMM).

• JP Morgan started Ericsson Telephone Company (NASDAQ:ERIC) with an Overweight rating and $49.50 target; they believe Ericsson's EPS acceleration should be driven by share gains and margin expansion.
• CIBC World Markets initiated Research in Motion Ltd. (NASDAQ:RIMM) with a Sector Performer based on valuation, recommending investors wait for a better entry-point.

OTHER INITIATIONS:

• Alcatel-Lucent (NYSE:ALU) was initiated with a Buy rating and $15 target at Bank of America and feel the new company should benefit from favorable trends due to the IP/MPLS network builds, IPTV strength and strong emerging wireless subs group.
• ThinkEquity initiated Fuel Tech Inc. (NASDAQ:FTEK) with a Buy rating and $29 target , expecting them to benefit from numerous legislations that mandate the adoption of clean coal technologies by power and industrial plants.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).