© Reuters. Today’s most important initiations
By Davit Kirakosyan
Credit Suisse assumed coverage on NVIDIA (NASDAQ:) with an Outperform rating and a price target of $210.00, noting it believes the company has the best growth prospects in semis, due to its dominance of AI and the expected growth rate of AI throughout datacenter markets.
Jefferies initiated coverage on Harley-Davidson (NYSE:) with an Underperform rating and a price target of $39.00. “Shares have rallied out of a strong 3Q, but dealer checks suggest the recent retail inflection lacks legs,” the analyst commented.
Netflix (NASDAQ:) shares rose more than 3% today after BofA Securities reinstated coverage on the company with a Buy rating and a price target of $370.00. Despite slower sub-growth, the analysts believe efforts to improve monetization via a value-oriented ad tier and significant conversion of password sharers have the potential to drive operating/financial upside,
MoffettNathanson initiated coverage on Wayfair (NYSE:) with an Underperform rating and a price target of $20.00.
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