Benzinga's Top Initiations

Analysts at Goldman Sachs initiated coverage on shares of zulily ZU with a “neutral” rating. The target price for zulily is set to $36. zulily's shares closed at $37.09 yesterday. Jefferies initiated coverage on shares of Papa John's International PZZA with an “hold” rating. The target price for Papa John's International is set to $86. Papa John's shares closed at $87.77 yesterday. Analysts at Ascendiant Capital initiated coverage on shares of Imax IMAX with a “buy” rating. The target price for Imax is set to $32. Imax's shares closed at $28.42 yesterday. Morgan Stanley initiated coverage on shares of AvalonBay Communities AVB with an “equal-weight” rating. The target price for AvalonBay Communities is set to $138. AvalonBay's shares closed at $122.11 yesterday.