Benzinga's Top Initiations

Analysts at Wedbush initiated coverage on shares of Splunk SPLK with an “outperform” rating. The target price for Splunk is set to $52. Splunk's shares closed at $43.95 yesterday. Ascendiant Capital initiated coverage on shares of Orbitz Worldwide OWW with a “buy” rating. The target price for Orbitz Worldwide is set to $10. Orbitz Worldwide's shares closed at $7.62 yesterday. Bank of America initiated coverage on shares of PulteGroup PHM with a “neutral” rating. The target price for PulteGroup is set to $23. PulteGroup's stock closed at $19.02 yesterday. Analysts at Sterne Agee initiated coverage on shares of Chipotle Mexican Grill CMG with a “buy” rating. The target price for Chipotle Mexican Grill is set to $429. Chipotle Mexican Grill's shares closed at $358.96 yesterday.