Benzinga's Top Initiations

RBC Capital initiated coverage on Shell Midstream Partners LP SHLX with a Outperform rating and a $47 price target. Shell Midstream Partners shares have dropped 9.10 percent over the past 52 weeks, while the S&P 500 index has declined 2.04 percent in the same period. Shell Midstream Partners gained 0.05 percent to close at $37.77 on Friday. Wells Fargo initiated coverage on Banc of California Inc BANC with a Outperform rating. Banc of California shares have surged 58.98 percent over the past 52 weeks, while the S&P 500 index has dropped 2.04 percent in the same period. Banc of California closed at $20.35 on Friday. Analysts at UBS initiated coverage on Aeglea Bio Therapeutics Inc AGLE with a Buy rating. Aeglea Bio Therapeutics closed at $8.76 on Friday. Analysts at Goldman Sachs initiated coverage on Dr.Reddy's Laboratories Ltd (ADR) RDY with a Neutral rating. Dr.Reddy's shares have tumbled 14.67 percent over the past 52 weeks, while the S&P 500 index has slipped 2.04 percent in the same period. Dr.Reddy's Laboratories shares closed at $45.60 on Friday.