The initiation of coverage by Scotiabank with a Sector Perform rating and a specific price target provides a neutral outlook for Qualys. This suggests that the analyst sees the company performing in line with the sector, without significant underperformance or outperformance expected in the short term. The price target of $172 indicates a specific valuation expectation, but the 'Sector Perform' rating does not suggest a strong bullish or bearish stance, hence the neutral impact score.