Truist Securities Daily Spotlight

研报英文原文证据摘录

Truist Securities Daily Spotlight

VX w/ Antarctica Contract Win cautious on ASO as we believe its core consumers continue to

Healthcare - Biotech - Takeaways from Novo Discussion on Obesity get squeezed by the macro. For LULU (Hold), we believe industry

Developments, MASH, and Pipeline Innovation headwinds are exacerbated by existing product issues/category

pressure and we think visibility into a potential turnaround is

HCITContract Research Organizations - HCIT/CROs: HIMS very limited amidst leadership changes (lowering PT to $135Partnership and AI Opportunities in Clinical Trials Related

Takeaways From the NVO Call from $170). We are raising our PT on OXM to $43 from $32 as

trends at Tommy Bahama appear to have improved. That said,

DataDriven by Truist Securities - Weekly Truist Card Data for Goods it appears the upside is already reflected in the stock and we- Discretionary Ending 5/31/26

remain Hold rated. - Joseph Civello

Softlines - Consumer – Weekly TikTok trends data update; treasure

hunt shopping experience at ROST continues to gain traction Five Below, Inc. (FIVE, $222.89, Buy) - FIVE - Very strong

comp/mrg expansion, sustainable growth drivers (value, social

Softlines - FOR CLIENTS: Our weekly review of top-selling shoes in mktng) and incremental upside - Net/net – Very strong compthe wholesale channel

delivered at 22.7% (sales of $1.29b spot-on vs. our ests) along

Lodging - Lodging - International hotels’ RevPAR last week: China with a strong earnings beat (EBIT and EPS up 2.5x YOY). The

+7.2% y/y, Europe +3.8% y/y vast majority of the growth came from transactions (+19%),

Lodging - Lodging - U.S. RevPAR +6.5% y/y last week; Another driven by HSD core growth along with benefits from social media