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Analyst initiations: First Bancorp. and Volcom

Posted Dec 26th 2007 12:00PM by Eric Buscemi

MOST NOTEWORTHY: First Bancorp. and Volcom were today's noteworthy initiations:

B. Riley initiated First Bancorp. (NYSE: FBP) with a Buy rating, citing the company's balance sheet growth, reduced expenses and strong capital base.
Volcom Inc. (NASDAQ: VLCM) was also initiated with a Buy rating by B. Riley, as the firm believes the company can grow its business through further penetration into domestic markets, brand extension into new categories and increased demand for its brands.

OTHER INITIATIONS:

Energy Solutions (NYSE: ES) was initiated with an Equal Weight rating by Morgan Stanley.
Goldman Sachs started El Paso Pipeline (NYSE: EPB) with a Buy rating.
3PAR Inc. (NYSE: PAR) was initiated with an Outperform by RBC Capital Markets.

Tags: EPB, ES, FBP, PAR, VLCM

Indexes	Change	Price
DJIA	+51.31	12,852.54
NASDAQ	+18.42	2,922.30
S&P 500	+6.61	1,349.25

Last updated: February 13, 2012: 11:29 AM

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