Benzinga's Top Initiations

Analysts at Evercore Partners initiated coverage on shares of Waddell & Reed Financial

with an “equal-weight” rating. The target price for Waddell & Reed Financial is set to $63. Waddell & Reed Financial's shares closed at $60.97 yesterday. Nomura initiated coverage on shares of Cowen Group

with a “buy” rating. The target price for Cowen Group is set to $5.40. Cowen's shares closed at $4.09 yesterday. Analysts at Guggenheim Securities initiated coverage on shares of Horizon Pharma

with a “buy” rating. The target price for Horizon Pharma is set to $31. Horizon Pharma's shares closed at $14.54 yesterday. Jefferies initiated coverage on shares of Exelon

with a “hold” rating. The target price for Exelon is set to $37.50. Exelon s shares closed at $36.06 yesterday.