Today's noteworthy initiations include: Aimco (AIV) initiated with an Outperform at JMP Securities...American Campus (ACC) initiated with an Outperform at JMP Securities...Bristow Group (BRS) initiated with an Outperform at Oppenheimer...Bruker (BRKR) initiated with an Equal Weight at Morgan Stanley...CenturyLink (CTL) initiated with an Underweight at Barclays...Corning (GLW) initiated with a Buy at Deutsche Bank...DBV Technologies (DBVT) initiated with an Overweight at Morgan Stanley...EarthLink (ELNK) initiated with an Outperform at Northland...Equity Residential (EQR) initiated with an Outperform at JMP Securities...Era Group (ERA) initiated with an Outperform at Oppenheimer...Essex Property Trust (ESS) initiated with an Outperform at JMP Securities...Fitbit (FIT) initiated with a Neutral at Cleveland Research...Fitbit initiated with an Overweight at Pacific Crest...Green Dot (GDOT) initiated with a Buy at Feltl...IPG Photonics (IPGP) initiated with a Hold at Canaccord...Mid-America Apartment (MAA) initiated with a Market Perform at JMP Securities...Post Properties (PPS) initiated with a Market Perform at JMP Securities...Preferred Apartment (APTS) initiated with an Outperform at JMP Securities...QIAGEN (QGEN) initiated with an Overweight at Morgan Stanley...TerraForm Global (GLBL) initiated with an Overweight at Barclays...TerraForm (TERP) coverage resumed with a Buy at BofA/Merrill...UDR, Inc. (UDR) initiated with an Outperform at JMP Securities...Yelp (YELP) initiated with a Market Perform at William Blair.

BMO Capital analyst John Kim upgraded Equity Residential to Outperform from Market Perform with a price target of $70, up from $68. The analyst believes Equity Residential trades at a discounted valuation despite moderate supply risks and a "surprisingly resilient" employment market. The firm believes the company introduced conservative 2024 guidance, which it is is likely to surpass during the year, particularly with U.S. employment resilient.