MOST NOTEWORTHY: First Bancorp. and Volcom were today’s noteworthy initiations:

• B. Riley initiated First Bancorp. (NYSE: FBP) with a Buy rating, citing the company’s balance sheet growth, reduced expenses and strong capital base.
• Volcom Inc. (NASDAQ: VLCM) was also initiated with a Buy rating by B. Riley, as the firm believes the company can grow its business through further penetration into domestic markets, brand extension into new categories and increased demand for its brands.

OTHER INITIATIONS:

• Energy Solutions (NYSE: ES) was initiated with an Equal Weight rating by Morgan Stanley.
• Goldman Sachs started El Paso Pipeline (NYSE: EPB) with a Buy rating.
• 3PAR Inc. (NYSE: PAR) was initiated with an Outperform by RBC Capital Markets.

Permalink | Email this | Comments

Share This

This entry was posted on Wednesday, December 26th, 2007 at 4:21 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.