Reputation In Jeopardy: 

Daiwa analyst Jonathan Kees initiated coverage of Verizon Communications (VZ) with a Neutral rating and $57 price target. Verizon's "reputation in network quality is in jeopardy" with T-Mobile (TMUS) deploying 5G especially at the mid-band spectrum, Kees told investors in a research note. The analyst believes Verizon needs to roll out a more comparable 5G network in order to effectively compete and maintain its perception amongst consumers of network quality. A buildout in mid-band spectrum will be expensive, pressuring its free cash flow, Kees added.

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Many Headwinds: 

Daiwa analyst Jonathan Kees initiated coverage of AT&T (T) with a Neutral rating and $26 price target. While the stock's valuation is near its three-year low, AT&T "faces many headwinds," Kees told investors in a research note. Even with the WarnerMedia divestment, the company's debt ratio is still 4.4 times, Kees added. Further, the analyst noted that AT&T has a high degree of network spending ahead.

Execution Risks Remain High: 

Daiwa analyst Jonathan Kees initiated coverage of T-Mobile with a Neutral rating and $128 price target. T-Mobile has been integrating an older company and execution risks remain high, Kees told investors in a research note. The analyst likes T-Mobile's current network leadership in 5G but says its growth could be challenged as the other two national carriers "ramp up their competitive attacks."

Buy Hyzon:

Canaccord analyst Jed Dorsheimer initiated coverage of Hyzon Motors (HYZN) with a Buy rating and $12 price target, stating he sees an opportunity for "risk-tolerant investors" given his view that the risk/reward of Hyzon is not being valued properly at current levels. Hyzon is delivering hydrogen fuel-cell electric vehicles, or FCEVs, today, "unlike well-known competitors," and the company expects production volumes to ramp quickly to deliver 600 vehicles in the next year while expanding its global footprint from just China to include its European, North American, and Australian customers, Dorsheimer said. Hyzon fuel cells have demonstrated "industry-leading power density" and he sees parallels between hydrogen and traditional petroleum products such that oil and gas companies could readily implement needed infrastructure through their current distribution channels to hasten the pace of hydrogen FCEV adoption.

'Compelling' Buying Opportunity: 

Wedbush analyst Ygal Arounian initiated coverage of Porch Group (PRCH) with an Outperform rating and $21 price target as he sees a strong M&A integrator that has strengthened an already unique business model around accessing and monetizing the home mover. The recent pullback in shares creates a "compelling buying opportunity," the analyst contended.