Benzinga's Top Initiations

Analysts at Northland Securities initiated coverage on shares of Cisco Systems CSCO with an “outperform” rating. The target price for Cisco Systems is set to $28. Cisco's shares closed at $23.09 yesterday. Cowen & Company initiated coverage on shares of CyrusOne CONE with an “outperform” rating. The target price for CyrusOne is set to $27. CyrusOne's shares closed at $22.20 yesterday. Brean Capital initiated coverage on shares of Tetraphase Pharmaceuticals TTPH with a “buy” rating. The target price for Tetraphase Pharma is set to $23. Tetraphase Pharma's shares closed at $11.13 yesterday. Analysts at Benchmark initiated coverage on shares of SurModics SRDX with a “buy” rating. The target price for SurModics is set to $30. SurModics' shares closed at $23.21 yesterday.