Benzinga's Top Initiations

Analysts at Lazard Capital initiated coverage on shares of Raytheon Co RTN with a “neutral” rating. Raytheon's shares closed at $56.86 yesterday. Raytheon had $3.54 billion in total cash for the latest quarter. SunTrust initiated coverage on shares of Intercontinental Hotels Group plc IHG with a “buy” rating. Intercontinental Hotels' stock closed at $24.67 yesterday. Intercontinental Hotels' trailing-twelve-month revenue is $1.78 billion. ThinkEquity initiated coverage on shares of Millennial Media MM with a “buy” rating. Millennial Media's shares closed at $11.36 yesterday. Millennial Media's trailing-twelve-month revenue is $115.11 million. Analysts at JPMorgan initiated coverage on shares of Manning & Napier MN with a “neutral” rating. Manning & Napier's shares closed at $14.11 yesterday. Manning & Napier's PEG ratio is 1.62.