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Analyst initiations: SonicWALL, DG FastChannel, Thomson Reuters

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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:

Symbol Lookup
IndexesChangePrice
DJIA+35.5910,282.56
NASDAQ+13.122,164.20
S&P 500+4.781,097.79

Last updated: November 11, 2009: 03:36 PM

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