Today's most important initiations

Roth Capital initiated coverage on Boyd Gaming (NYSE: BYD) with a Buy rating and a price target of $70.00. The firm sees Boyd Gaming capturing the attention of a broader investor base than typical gaming stocks, given its clean/simple story, consistent capital returns and 10%+ FCF yield.

Northland Capital Markets initiated coverage on Selina Hospitality PLC (NASDAQ: SLNA) with an Outperform rating and a price target of $4.50, noting it believes the company is well placed to capitalize on travel tailwinds, a growing gig economy/remote worker market, a large and growing TAM, and multiple avenues for continued growth.

Roth Capital initiated coverage on Membership Collective Group Inc (NYSE: MCG) with a Buy rating and a price target of $7.00. Shares closed more than 5% higher today.

Morgan Stanley initiated coverage on Kornit Digital Ltd. (NASDAQ: KRNT) with an Equalweight rating and a price target of $27.00. Shares closed more than 7% lower today.

Oppenheimer initiated coverage on PulteGroup (NYSE: PHM) with an Outperform rating and a price target of $64.00. The firm likes the company’s balanced buyer mix, which allows it to capture strength in different buyer segments and offer attractive returns and risk mitigation.

By Davit Kirakosyan

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