US Daily Brief "Today's Research – May 26, 2026" Parkhill

Research evidence excerpt

US Daily Brief "Today's Research – May 26, 2026" Parkhill

Global Research

26 May 2026ab

US Daily Brief Equities

AmericasToday's Research – May 26, 2026

Joseph Parkhill

Product Manager

Liberty Energy Inc (LBRT, Buy, $40) - Generating Buzz - Energy Technology Center joseph.parkhill@ubs.com

+1-212-713 3716

Tour + Management Meetings (Josh Silverstein)

Our CFO meeting and Energy Tech Center tour highlighted multiple drivers for frac Peter Lennox-King

EBITDA upside and confidence in the LPI buildout strategy Product Manager

peter.lennox-king@ubs.com

+1-212-713 3215

Ovintiv Inc (OVV, Buy, $75) - Takeaways From Investor Meetings (Josh Silverstein)

Ryan BellOVV remains our Top E&P Pick post our day with CEO, Brendan McCracken

ryan-b.bell@ubs.com

NexGen Energy (NXE, Buy, C$20) - Deep Dive: Entering the Build Phase (George +1-212-713 1233

Eadie)

Ahead of next month’s detailed construction webinar, we review the tech report, ramp-

up considerations, and key risks as NexGen moves from paper to production

Cruise Outlook for 2026-2027 - Cruise Outlook for 2026-2027: Charting a

Course (Robin M. Farley)

The cruise lines in 2026 are seeing a mix of good demand and high fuel prices, moderate

capacity growth and uncertain geopolitics, positive demographics and worrying

headlines – in other words, the cruise industry

US Mid-Cap Banks - Positioning for the Next Wave of Bank M&A (Timur Braziler)

We expect the pace of M&A activity to accelerate through year-end, and publish our

consolidation scorecard which screens for most likely sellers and buyers

Initiation of Coverage - Pershing Square Inc (PS, Neutral, $39) - Ack to the Future:

Initiate at Neutral (Michael Brown)

Steady, fee-driven growth from permanent capital, with upside from performance,