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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:
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Walmart's New Health Food Push: Is It Too Hard to Swallow?
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
