FirstLook

Research evidence excerpt

FirstLook

June 22, 2026

First Look

Healthcare Technology & Distribution Evercore ISI Focus

Keytruda SubQ in IRA? Incremental Distributor HW Is a

TE Connectivity Ltd. (TEL) Rounding Error Page 8

No Drama Downgrade. Shifting to In Line. Page 3 Elizabeth Anderson

Amit Daryanani In Line

Electrical Equipment & Multi-Industry

Credo Technology Group Holding Ltd (CRDO) Torque-in' Multi-Industrials Page 9

Initiating OP: AEC Standard + Emerging Optical AI Alexander Virgo

Connectivity Play Page 3

Mark Lipacis Outperform Residential

Asking Rent Trends - Trends Still Look Good But July &

Brokers, Banks & Asset Managers August Are Pivotal Months Page 9

Not All Cash Will Be Smart Page 4 Steve Sakwa

Glenn Schorr

Technology

Ally Financial Inc (ALLY) ‘Net Ad Channel Checks Update Page 10

If You Ain't First, You're Last ...Meeting Takeaways Page 4 Mark Mahaney

John Pancari Outperform

IT Hardware & Networking

REITs A Primer on Defense Tech - 2026 Edition. Page 10

Good 1H....Can It Continue?? Page 5 Amit Daryanani

Steve Sakwa

Equity Strategy IT Hardware & Networking Channel Checks: The Signal in

the Stack (Storage/OEM Edition) Page 11“Negative Beta” Stocks - Diversification Under the Index

Hood: Top of the Market's Mind Page 5 Amit Daryanani

Julian Emanuel

Software

Price Target Changes Materne’s Software Catalyst: Father’s Day Musings On The

Recent Pullback In Software Page 12

Insmed Incorporated (INSM) Kirk Materne

Valuation Math - what's the market implying here? Page 6

Gavin Clark-Gartner Outperform Company Updates

Abbott Laboratories (ABT)

Industry Updates Takeaways from field trip: Compelling setup as growth

Global Retailing, Softlines & Luxury Brands levers come into play in 2H Page 12

The Rundown: Evercore Softlines Weekly Recap Page 7 Vijay Kumar Outperform

Michael Binetti