Today's Most Important Initiations

Cantor Fitzgerald initiated coverage on Palo Alto Networks (NASDAQ: PANW) with an Overweight rating and a price target of $220. The analyst called it the most comprehensive next-gen security platform. Shares rose 2%.

Jefferies assumed coverage on Teva Pharma (NYSE: TEVA) with a Buy rating and a price target of $10, saying the recent opioid settlement better enables it to get "back to business". Shares gained 4% today.

UBS initiated coverage on Bruker (NASDAQ: BRKR) with a Buy rating and a price target of $70, saying it is positioned to grow revenues faster than the historic average and consensus. Further, they see tailwinds from the CHIPS and Science Act. Shares gained 3.5%.

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