US Daily Brief "Today's Research – May 20, 2026" Parkhill

研报英文原文证据摘录

US Daily Brief "Today's Research – May 20, 2026" Parkhill

Global Research

20 May 2026ab

US Daily Brief Equities

AmericasToday's Research – May 20, 2026

Joseph Parkhill

Product Manager

North American Oil & Gas - Distributed Power Generation Sparks OFS Growth joseph.parkhill@ubs.com

+1-212-713 3716

Opportunity (Josh Silverstein / Peyton Dorne)

We highlight the emerging distributed power generation business for OFS that is driving Peter Lennox-King

sales and EBITDA growth and diversification, and reduced cyclicality Product Manager

peter.lennox-king@ubs.com

+1-212-713 3215

Packaging Corp of America (PKG, Upgrade to Buy from Neutral, $248 from

Ryan Bell$232) - Signs of Pricing Power; Upgrading PKG to Buy (Anojja Shah)

We upgrade PKG to Buy from Neutral and raise our PT to $248 from $232 previously. We ryan-b.bell@ubs.com

are getting incrementally more positive on demand in the US. Combined with the +1-212-713 1233

removal of 10% of industry capacity last year, we see a more constructive setup for the

June $50/ton price increase

Zscaler Inc (ZS, Buy, $260) - Thoughts into F3Q Earnings (Roger Boyd)

Sentiment in ZS shares has improved some, and debate over FY27 continues, but we

think expectations are still relatively low

Intercontinental Exchange, Inc (ICE, Buy, $205) - Meeting Takeaways: Strong

Momentum Appears Unnoticed (Alex Kramm)

We remain bullish on ICE following our recent management meeting, which reiterated

strength in the business that does not appear to be priced in

Omega Healthcare Investors Inc (OHI, Buy, $54) - Highlights From Meetings With

Management (Michael Goldsmith)

The key takeaway from our meetings with OHI was that its internal & external growth

should sustain OHI's attractive earnings algorithm. More below...