Initiations of Note

Today, several brokerages initiated coverage on four companies, including Restoration Hardware (NYSE: RH), Trupanion, Inc. (NASDAQ: TRUP), Dynatrace Inc. (NYSE: DT), and Bragg Gaming Group Inc. (NASDAQ: BRAG). Below, we provided the details for each initiation:

William Blair resumed coverage on Restoration Hardware (NYSE: RH) with an Outperform rating. While the analysts mentioned that the company benefited from broader consumer trends over the prior two years, they believe the company remains well positioned for long-term top-line growth and margin expansion, despite some near-term headwinds.

Jefferies initiated coverage on Trupanion, Inc. (NASDAQ: TRUP) with a Buy rating and a price target of $77.00, noting it believes the company’s growth rate, defensive cost-plus model, attractive unit economics, and large TAM opportunity support upside to the current price. The analysts expect insurance to play a key role in a more robust & humanized pet health industry and believe the company is well-positioned for the multi-year pet health theme.

Baird assumed coverage on Dynatrace Inc. (NYSE: DT) with an Outperform rating and a price target of $49.00, noting it is positive on the growing platform opportunities and solid margins.

Roth Capital initiated coverage on Bragg Gaming Group Inc. (NASDAQ: BRAG) with a Buy rating and a price target of $9.00. The analysts believe the company now has the distribution needed for ramping market share in regulated markets after recent M&A and licensing gains.

By Davit Kirakosyan

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