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MOST NOTEWORTHY: ComScore (SCOR), Lowe's (LOW) and Home Depot (HD) were today's noteworthy initiations:
- ComScore (NASDAQ: SCOR) was initiated with an Outperform rating and $35 target at Oppenheimer. The firm said SCOR operates in a high growth sector with a sustainable competitive advantage and attractive valuation.
- Jefferies assumed coverage of Lowe's (NYSE: LOW) and Home Depot (NYSE: HD) with Hold ratings and a $24-$26 target and $25-$27 target, respectively. The firm expects further downward EPS revisions as the housing recession extends.
OTHER INITIATIONS:
- Jefferies initiated Energy XXI (NASDAQ: EXXI) with a Buy rating and $7 target.
- Select Comfort (NASDAQ: SCSS) was initiated with a Market Perform rating at Raymond James.
- Oppenheimer started Omniture (NASDAQ: OMTR) with an Outperform rating and $34 target.
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