Benzinga's Top Initiations - ACADIA Pharmaceuticals (NASDAQ:ACAD)

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Analysts at B Riley initiated coverage on shares of Cherokee (NASDAQ: CHKE) with a “buy” rating. The target price for Cherokee is set to $20. Cherokee's shares closed at $13.23 yesterday.Analysts at JP Morgan initiated coverage on shares of ACADIA Pharmaceuticals (NASDAQ: ACAD) with an “overweight” rating. The target price for ACADIA Pharmaceuticals is set to $33. ACADIA Pharmaceuticals' shares closed at $18.87 yesterday.Roth Capital initiated coverage on shares of Magellan Petroleum (NASDAQ: MPET) with a “buy” rating. The target price for Magellan Petroleum is set to $4.50. Magellan Petroleum's shares closed at $2.05 yesterday. Brean Capital initiated coverage on shares of Miller Energy Resources (NYSE: MILL) with a “buy” rating. The target price for Miller Energy Resources is set to $8. Miller Energy's shares closed at $4.74 yesterday.

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