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MOST NOTEWORTHY: SonicWALL, DG FastChannel and Thomson Reuters were today's noteworthy initiations:
- B. Riley believes SonicWALL's (NASDAQ: SNWL) long-term outlook should benefit as the company specifically targets the SMB IT security market and is increasing its focus on the Asian and Latin American markets. Shares were initiated with a Buy rating and $14 target.
- Merriman started DG FastChannel (NASDAQ: DGIT) with a Buy rating and believes the recent closing of the Vyvx acquisition and anticipated closing of the Enliven acquisition could create positive catalysts for the stock.
- Citigroup assumed Thomson Reuters (NASDAQ: TRIN) with a Hold rating. The firm finds the valuation full at current levels and prefers to wait for a better entry point.
OTHER INITIATIONS:
- Ameristar Casinos (NASDAQ: ASCA) was initiated with an Overweight rating and $26 target at Thomas Weisel.
- William Blair assumed Intuitive Surgical (NASDAQ: ISRG) with an Outperform rating.
- Longtop Financial (NYSE: LFT) was started at Oppenheimer with an Outperform rating and $25 target.
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