Benzinga's Top Initiations

Analysts at Morgan Stanley initiated coverage on shares of The AES (NYSE: AES) with an “equal-weight” rating. The target price for AES is set to $15. AES's shares closed at $13.58 yesterday.FBR Capital initiated coverage on shares of The Ultimate Software Group (NASDAQ: ULTI) with a “market perform” rating. The target price for Ultimate Software is set to $150. Ultimate Software's shares closed at $125.18 yesterday. Analysts at Stifel Nicolaus initiated coverage on shares of Medivation (NASDAQ: MDVN) with a “buy” rating. The target price for Medivation is set to $81. Medivation's shares closed at $68.42 yesterday.Goldman Sachs initiated coverage on shares of Tech Data (NASDAQ: TECD) with a “neutral” rating. The target price for Tech Data is set to $54. Tech Data's shares closed at $62.85 yesterday.