Today's Most Important Initiations

Goldman Sachs initiated coverage on LyondellBasell Industries (NYSE: LYB) with a Sell rating and a price target of $80.00.

BTIG initiated coverage on Doximity Inc (NYSE: DOCS) with a Neutral rating, noting it worries about a broader market pull-back due to inflation and recession fears. While highlighting they like the company’s business model, technology, and management team, the analysts believe the company’s shares may come under more pressure than the broader health-tech sector in case the broader stock market faces significant multiple compression.

Loop Capital initiated coverage on Micron Technology (NASDAQ: MU) with a Buy rating and a price target of $70.00. Shares rose 4% today.

Goldman Sachs initiated coverage on Eastman Chemical (NYSE: EMN) with a Neutral rating and a price target of $78.00. Shares were up more than 3% today.

Barclays initiated coverage on Ericsson (NASDAQ: ERIC) with an Equalweight rating. Shares closed more than 3% higher today.

CFRA initiated coverage on Cloudflare Inc. (NYSE: NET) with a Hold rating and a price target of $57.00. Shares closed around 3% lower today.

Barclays initiated coverage on Nokia (NYSE: NOK) with an Overweight rating. Shares surged 4% today.

By Davit Kirakosyan

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