Group 1 - Susquehanna initiated coverage of Fabrinet (FN) with a Positive rating and a price target of $550, highlighting its benefits from the inflection of transceivers 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, noting that multi-industrials provide leverage to strong underlying cycles, with expectations of outperformance in 2026 [1] - Macquarie initiated coverage of Pony AI (PONY) with an Outperform rating and a price target of $29, stating that Pony is at the forefront of robotaxi commercialization in China [1] Group 2 - Goldman Sachs initiated coverage of SiTime (SITM) with a Buy rating and a price target of $420, recognizing it as the leading provider of silicon-based precision timing solutions and the only scaled pure-play MEMS timing company benefiting from the shift away from quartz [1] - William Blair initiated coverage of RealReal (REAL) with an Outperform rating, viewing the resale market as a significant emerging trend in retail [1] - Evercore also started coverage of Honeywell (HON) and GE Vernova (GEV) with Outperform ratings, indicating positive outlooks for these companies [1]