UPDATE: Deutsche Bank Initiates LifeLock at Buy; Pioneer in Identity Protection

Deutsche Bank initiated coverage on LifeLock LOCK with a Buy rating and a $15 price target. Deutsche Bank said, "LifeLock is the pioneer and leader in proactive identity theft protection. By operating the industry's largest consumer data element repository backed by strategic partnerships, proprietary analytics and services, LifeLock helps extend identity protection beyond reactionary credit-related reports. We believe this provides a strong platform for sales and margin growth, while also expanding barriers to entry." LifeLock closed at $7.00 on Friday.