Benzinga's Top Initiations

Analysts at Wunderlich initiated coverage on shares of Cimarex Energy Co XEC with a “buy” rating. The target price for Cimarex Energy is set to $135. Cimarex Energy's shares closed at $97.14 yesterday. Wells Fargo initiated coverage on shares of Ubiquiti Networks UBNT with an “outperform” rating. Ubiquiti Networks' shares closed at $38.67 yesterday. Analysts at DA Davidson initiated coverage on shares of Gigamon GIMO with a “neutral” rating. The target price for Gigamon is set to $28. Gigamon's shares closed at $27.73 yesterday. RBC Capital initiated coverage on shares of Chevron CVX with a “sector perform” rating. The target price for Chevron is set to $120. Chevron's shares closed at $120.99 yesterday.