Today’s most important initiations

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Craig-Hallum initiated coverage on Rent-A-Center (NASDAQ:RCII) with a Buy rating and a price target of $40.00.

UBS initiated coverage on Opal Fuels Inc (NASDAQ:OPAL) with a Buy rating and a price target of $13.00, expecting adjusted EBITDA to grow approximately 55% CAGR through 2026, underpinned by a 4-year construction backlog of renewable natural gas (RNG) projects.

Morgan Stanley initiated coverage on Pebblebrook Hotel Trust (NYSE:PEB) with an Underweight rating and a price target of $15.00. Shares fell more than 4% today.

Piper Sandler resumed coverage on First Community Bancshares Inc (NASDAQ:FCBC) with an Underweight rating and a price target of $37.00. Shares were down more than 4% today.

Morgan Stanley initiated coverage on Hyatt Hotels (NYSE:H) with an Overweight rating and a price target of $136.00.

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