© Reuters Today’s most important initiations
By Davit Kirakosyan
Deutsche Bank initiated coverage on Mobileye Global Inc (NASDAQ:) with a Buy rating and a price target of $48.00 as it expects the company’s technology to capture meaningful share of the fast-growing autonomous driving market, much the same way it has become dominant in ADAS.
William Blair initiated coverage on Adobe (NASDAQ:) with an Outperform rating. The firm believes that Adobe has developed a sizable competitive moat for its platform as the company has been well positioned to capitalize on strong digital transformation tailwinds, the increasing need for creative content, and shifting consumer preferences toward digital interactions.
Wolfe Research initiated coverage on CubeSmart (NYSE:) with an Outperform rating and a price target of $48.00.
Scotiabank initiated coverage on Fortinet (NASDAQ:) with a Sector Outperform rating and a price target of $65.00.
Roth Capital initiated coverage on Clearfield (NASDAQ:) with a Buy rating and a price target of $120.00.
Scotiabank initiated coverage on Check Point Software Technologies Ltd (NASDAQ:) with a Sector Outperform rating and a price target of $160.00.
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