Today's Most Important Initiations

Cantor Fitzgerald initiated coverage on WeWork (NYSE: WE) with an Overweight rating and a price target of $8.00, noting it believes the company will be able to extend debt maturities (which resulted in stock weakness) in such that it can ladder debt repayments beginning in 2025. According to Cantor Fitzgerald, the biggest near-term catalyst for shares is an announcement pertaining to extending the maturities of its debt.

HSBC initiated coverage on Qualcomm (NASDAQ: QCOM) with a Buy rating and a price target of $180.00.

Evercore ISI initiated coverage on R1 RCM Inc (NASDAQ: RCM) with an Outperform rating and a price target of $25.00. The strength of the company’s business model along with the potential for additional numbers upside from Cloudmed synergies and additional new client wins make the company Evercore’s Top Pick in Healthcare IT.

Jefferies initiated coverage on XPO Logistics (NYSE: XPO) with a Buy rating and a price target of $70.00. Shares were up more than 3% today.

FBN Securities initiated coverage on Smartsheet Inc. (NYSE: SMAR) with an Outperform rating and a price target of $50.00.

HSBC initiated coverage on Intel (NASDAQ: INTC) with a Reduce rating and a price target of $23.00.

By Davit Kirakosyan

Want this type of news in real-time as it happens? Upgrade to StreetInsider.com Premium Here

You May Also Be Interested In