By Davit Kirakosyan
Jefferies initiated coverage on United Parcel Service (NYSE:UPS) with a Buy rating and a $190 price target following the company’s reported Q3 results. The analysts believe the company is a best-in-class operator that has never been in a better position operationally to respond to a slowdown in demand, has demonstrated a track record of outperforming in prior recessions, and has a clear path to record earnings/margins post a macro slowdown.
Jefferies assumed coverage on Avis Budget Group (NASDAQ:CAR) with a Buy rating and a price target of $270.00. Shares rose more than 4% today.
D.A. Davidson initiated coverage on Roblox Corp (NYSE:RBLX) with a Buy rating and a price target of $55.00. Shares gained more than 9% today.
Truist Securities initiated coverage on Procept BioRobotics Corp (NASDAQ:PRCT) with a Buy rating and a price target of $58.00. Shares surged more than 6% today. The analysts see the company driving above-average growth and more than tripling revenue by 2024 as utilization rises on a growing installed base.
Piper Sandler initiated coverage on Deckers Outdoor (NYSE:DECK) with an Overweight rating and a price target of $440.00 due to momentum at HOKA, solid free cash flow, and capital return to shareholders, and near-term tailwinds for UGG.