Analyst initiations: DDUP, ESE and NTAP

Posted Jul 3rd 2008 11:23AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Initiations

MOST NOTEWORTHY: Data Domain, ESCO Technologies and NetApp were today's noteworthy initiations:

ThinkPanmure said Data Domain's (NASDAQ:DDUP) installed base, strong product, technology lead, and partner network provides a sustainable competitive advantage in the high-growth market for capacity-optimized data storage powered by de-duplication software. Shares were initiated with a Buy rating and $30 target.
Friedman Billings expects ESCO Tech's (NYSE:ESE) utility solutions segment to drive sales growth as secular demand for advanced metering gains traction. The firm started shares with an Outperform rating and $60 target.
Merriman initiated NetApp (NASDAQ:NTAP) with a Neutral rating. The firm is cautious on the name as the company seeks to reaccelerate top-line growth in a challenging economic environment in North America.

OTHER INITIATIONS:

Citizens Comm (NYSE:CZN) was assumed with a Buy rating and $13 target at Stanford.
R.H. Donnelley (NYSE:RHD) was initiated at JP Morgan with a Neutral rating.
CIBC started FirstService (NASDAQ:FSRV) with a Sector Outperformer rating.

Tags: analyst initiations, AnalystInitiations, CZN, DDUP, ESENTAP, FSRV, inthenews, RHD