Today's most important initiations

BMO Capital initiated coverage on Cousins Properties (NYSE: CUZ) with an Outperform rating and a price target of $29.00. According to the analysts, the company checks nearly every box to set itself up for outperformance: Class A and trophy assets with the youngest average age in their office-REIT coverage, low near-term lease expirations to allow for a potential occupancy uplift in 2023-2024, and a strong balance sheet with limited near-term debt maturities

KeyBanc initiated coverage on Coinbase Global Inc. (NASDAQ: COIN) with a Sector Weight rating. According to the analysts, a highly scalable model, innovative suite of products/services, and market share gains are balanced by limited revenue visibility tied to crypto asset prices/volume/volatility and industry headwinds leading to depressed crypto asset prices and market activity.

Susquehanna initiated coverage on Ambarella (NASDAQ: AMBA) with a Positive rating and a price target of $90.00. Share rose more than 2% today.

Credit Suisse initiated coverage on Cognex (NASDAQ: CGNX) with an Underperform rating and a price target of $41.00.

BofA Securities initiated coverage on Bumble Inc. (NASDAQ: BMBL) with a Buy rating and a price target of $29.00.

By Davit Kirakosyan

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