Benzinga's Top Initiations

Cowen & Company initiated coverage on Baxalta Inc BXLT with a Outperform rating. The target price for Baxalta is set to $38. Baxalta shares closed at $31.46 yesterday. Analysts at Piper Jaffray initiated coverage on Travelers Companies Inc TRV with a Neutral rating. The target price for Travelers Companies is set to $110. Travelers Companies shares closed at $103.29 yesterday. Analysts at RBC Capital initiated coverage on Splunk Inc SPLK with a Outperform rating. The target price for Splunk is set to $85. Splunk shares closed at $72.60 yesterday. Analysts at Janney Capital initiated coverage on Customers Bancorp Inc CUBI with a Buy rating. The target price for Customers Bancorp is set to $32. Customers Bancorp shares closed at $28.83 yesterday. Noble Financial initiated coverage on McClatchy Co MNI with a Buy rating. The target price for McClatchy is set to $3.50. McClatchy shares closed at $1.01 yesterday. Analysts at Brean Capital initiated coverage on MiMedx Group Inc MDXG with a Buy rating. The target price for MiMedx Group is set to $16. MiMedx Group shares closed at $12.42 yesterday. Analysts at Morgan Stanley initiated coverage on Fitbit Inc FIT with a Equal-weight rating. Fitbit shares closed at $47.67 yesterday. Analysts at MKM Partners initiated coverage on Google Inc GOOGL with a Buy rating. The target price for Google is set to $805. Google shares closed at $601.78 yesterday. Bank of America initiated coverage on Karyopharm Therapeutics Inc KPTI with a Neutral rating. The target price for Karyopharm Therapeutics is set to $32. Karyopharm Therapeutics shares closed at $26.62 yesterday. Global Hunter initiated coverage on Horizon Global Corp HZN with a Neutral rating. The target price for Horizon Global is set to $17. Horizon Global shares closed at $14.11 yesterday.