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Short Take: CSFB initiates NorthPoint coverage

Investment bank Credit Suisse First Boston initiated coverage on NorthPoint Communications, a digital subscriber line (DSL) wholesaler, with a "buy" rating. CSFB analyst Frank Governali set a price target of $55 per share by the end of 1999. NorthPoint went public in May.

Investment bank Credit Suisse First Boston initiated coverage on NorthPoint Communications, a digital subscriber line (DSL) wholesaler, with a "buy" rating. CSFB analyst Frank Governali set a price target of $55 per share by the end of 1999. NorthPoint went public in May.