MOST NOTEWORTHY: Spectra Energy (SEP), ComScore (SCOR) and Data Domain (DDUP) were today's noteworthy initiations: - Spectra Energy (NYSE: SEP) was initiated with a Buy rating and $32.50 target at Citigroup, with an Overweight rating and $32 target at Lehman Brothers and with an Overweight rating at Wachovia. Citigroup believes SEP provides investors above-average distribution growth driven by stable cash flows with little or no direct exposure to commodity prices. Wachovia is positive on SEP given its multi-year growth profile and high quality assets.
- ComScore (NASDAQ: SCOR) was initiated with an Outperform rating and $28 target at FBRC on valuation. The company was also initiated at Jefferies with a Hold rating and $25 target, citing valuation, although the firm believes the company is well positioned to benefit from the market demand for Web traffic data/analytics. Deutsche Bank initiated shares of ComScore with a Buy rating and $28 target.
- Data Domain (NASDAQ: DDUP) was started at Pacific Crest with an Outperform rating and $30 target and the firm expects growth to exceed 50% annually for at least the next two years.
OTHER INITIATIONS:
- ThinkEquity started shares of Altair Nanotechnologies (NASDAQ: ALTI) with a Buy rating and $6 target.
- ThinkEquity transferred coverage of Blue Coat Systems (NASDAQ: BCSI) with a Buy rating and raised its target to $63 from $51.
- B. Riley started shares of Charles & Colvard (NASDAQ: CTHR) with a Buy rating and $8 target.



