Today's most important initiations

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DA Davidson initiated coverage on Rapid7 (NASDAQ:RPD) with a Neutral rating and a price target of $34.00.

Susquehanna initiated coverage on Kyndryl Holdings Inc (NYSE:KD) with a Neutral rating and a price target of $14.00.

BofA Securities reinstated coverage on State Street (NYSE:STT) with a Neutral rating and a price target of $86.00.

Jefferies initiated coverage on Teradyne (NASDAQ:TER) with a Buy rating.

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