FirstLook

Research evidence excerpt

FirstLook

May 26, 2026

First Look

Hemab Therapeutics Holdings, Inc. (COAG) Evercore ISI Focus

Where Competition Runs Thin; Initiate OP Page 9

Biotechnology / SMID Cap

Cory Kasimov Outperform

Highlights from Oregon Biotech Summit (Year 2) Page 4

Cory Kasimov Price Target Changes

Ralph Lauren Corp. (RL)Biotechnology / SMID Cap

A Hard-to-Break Story, Years in the Making Page 10SMID Biotech Week in Review (Podcast) Page 4

Michael Binetti OutperformGavin Clark-Gartner

Federal Realty Investment Trust (FRT)Healthcare Technology & Distribution

Sunny Days at Santana Row: Takeaways from FRT'sChina Out-Licensing & US CROs: Spending Rerouted, Not

Investor Day Page 10a Wholesale Disruption Page 5

Michael Griffin In LineElizabeth Anderson

SoftwareWalmart, Inc (WMT)

AI in Cybersecurity: Expanding Attack Surfaces ReinforceTraffic Gains + Walmart Plus = Strategy Working Page 5

the Importance of Runtime Security Page 11

Greg Melich Outperform Peter Levine

Company Survey Report Western Digital Corp. (WDC)

Company Surveys Move Lower Into Memorial Day Thoughts From The Road – WDC Edition Page 11

Weekend Page 6

Amit Daryanani Outperform

Oscar Sloterbeck

Industry Updates

Weekly Survey Charts

Global Retailing, Softlines & Luxury BrandsWeekly Company Survey Charts Page 6

The Rundown: Evercore Softlines Weekly Recap Page 12Oscar Sloterbeck

Michael Binetti

Weekly Economic Report

Beverages, Household & Personal CareU.S. Exceptionalism, Bond Yields, And Deal Hopes Page 7

Week in Review: Monster/RB price gaps; BF F4Q preview;Krishna Guha

Diaper war & cat litter fight; ELF results and latest Beauty

reads Page 12

Economics & Central Banking Strategy

Robert Ottenstein

FED OUTLOOK – STILL WAITING ON A US-IRAN DEAL

Electrical Equipment & Multi-Industry

Krishna Guha

Torque-in' Multi-Industrials Page 13