Today's most important initiations

Barclays initiated coverage on ZimVie Inc. (NASDAQ: ZIMV) with an Underweight rating and a price target of $9.00. Shares dropped more than 11% today.

Evercore ISI initiated coverage on BJ's Wholesale (NYSE: BJ) with an In-Line rating and a price target of $70.00, noting that it is well positioned in a decelerating US retail landscape.

Raymond James initiated coverage on Valley National Bancorp (NASDAQ: VLY) with a Strong Buy rating and a price target of $14.00. Shares closed more than 2% higher today.

Baird initiated coverage on Parsons Corp. (NYSE: PSN) with a Neutral rating and a price target of $50.00.

Evercore ISI initiated coverage on Global Business Travel Group Inc. (NYSE: GBTG) with an Outperform rating and a price target of $8.00.

RBC Capital initiated coverage on Brookfield Asset Management (NYSE: BAM) with an Outperform rating and a price target of $35.00.

DA Davidson initiated coverage on M&T Bank (NYSE: MTB) with a Neutral rating and a price target of $160.00.

By Davit Kirakosyan

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