© Reuters Today’s most important initiations
By Davit Kirakosyan
Deutsche Bank initiated coverage on First Solar (NASDAQ:) with a Buy rating and a price target of $180.00, noting it values the long-term opportunities ahead, with doubling production capacity by 2025 with an increased domestic presence.
JPMorgan initiated coverage on Prime Medicine Inc (NASDAQ:) with an Overweight rating and a price target of $27.00.
Stephens initiated coverage on Repay Holdings Corp (NASDAQ:) with an Overweight rating and a price target of $9.00. Despite exposure to economically sensitive verticals, the analysts see the risk/reward as favorable and believe the valuation overlooks secular tailwinds/stabilizing factors that contribute to above-peer growth.
Deutsche Bank initiated coverage on Sunnova Energy International Inc (NYSE:) with a Buy rating and a price target of $36.00 on an attractive growth profile, with a customer base to expand 40%+ in 2023.
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