Benzinga's Top Initiations

Analysts at Piper Jaffray initiated coverage on shares of Arrowhead Research ARWR with an “overweight” rating. The target price for Arrowhead Research is set to $12. Arrowhead Research's shares closed at $7.87 on Friday. Analysts at Goldman Sachs initiated coverage on shares of Foundation Medicine FMI with a “neutral” rating. The target price for Foundation Medicine is set to $33. Foundation Medicine's stock closed at $33.99 on Friday. JP Morgan initiated coverage on shares of Premier PINC with an “overweight” rating. The target price for Premier is set to $36. Premier's shares closed at $31.66 on Friday. Morgan Stanley initiated coverage on shares of Ophthotech OPHT with an “overweight” rating. The target price for Ophthotech is set to $56. Ophthotech's shares closed at $29.25 on Friday.