Core Insights - Susquehanna initiated coverage of Fabrinet (FN) with a Positive rating and a price target of $550, highlighting its benefits from the transceiver market in data centers and opportunities in optical networking and AI server contract manufacturing [1] - Evercore ISI initiated coverage of Rockwell Automation (ROK) with an In Line rating and a price target of $440, emphasizing the multi-industrials' leverage to strong underlying cycles and expected market outperformance in 2026 [1] - Macquarie initiated coverage of Pony AI (PONY) with an Outperform rating and a price target of $29, noting its leadership in robotaxi commercialization in China [1] - Goldman Sachs initiated coverage of SiTime (SITM) with a Buy rating and a price target of $420, recognizing it as a leading provider of silicon-based precision timing solutions [1] Company Summaries - Fabrinet (FN): Positive rating with a $550 price target; benefits from data center transceivers and optical networking opportunities [1] - Rockwell Automation (ROK): In Line rating with a $440 price target; multi-industrials expected to outperform in 2026 [1] - Pony AI (PONY): Outperform rating with a $29 price target; forefront of robotaxi commercialization in China [1] - SiTime (SITM): Buy rating with a $420 price target; leading provider of silicon-based precision timing solutions [1] - Macom (MTSI): Neutral rating initiated [1] - Honeywell (HON) and GE Vernova (GEV): Outperform ratings initiated [1] - RealReal (REAL): Outperform rating initiated; resale market viewed as a significant emerging trend in retail [1]