Today's most important initiations

Wedbush initiated coverage on Datadog (NASDAQ: DDOG) with an Outperform rating and a price target of $101.00.

Goldman Sachs initiated coverage on PTC Therapeutics (NASDAQ: PTCT) with a Sell rating and a price target of $35.00, noting it believes that maturing key franchises put intermediate term consensus growth assumptions at risk.

Exane BNP Paribas initiated coverage on Equinix (NASDAQ: EQIX) with an Outperform rating and a price target of $886.00.

Raymond James initiated coverage on POINT Biopharma Global Inc. (NASDAQ: PNT) with an Outperform rating and a price target of $10.00.

Goldman Sachs initiated coverage on Xenon Pharmaceuticals (NASDAQ: XENE) with a Buy rating and a price target of $60.00. The analysts see near-to-medium-term stock performance driven primarily by updates on XEN1101 in FOS, which they view as a largely de-risked lead indication.

By Davit Kirakosyan

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