Benzinga's Top Initiations

Analysts at Craig-Hallum initiated coverage of RingCentral Inc (NYSE: RNG) with a Buy rating. The target price for RingCentral is set to $25. RingCentral shares closed at $19.50 on Wednesday.Analysts at Wells Fargo initiated coverage on Matador Resources Co (NYSE: MTDR) with an Outperform rating. Matador Resources shares closed at $20.24 on Wednesday.Piper Jaffray initiated coverage of Ultragenyx Pharmaceutical Inc (NASDAQ: RARE) with an Overweight rating. The target price for Ultragenyx Pharmaceutical is set to $70. Ultragenyx Pharmaceutical shares closed at $51.76 on Wednesday.KeyBanc initiated coverage on Ingevity Corp (NYSE: NGVT) with an Overweight rating. The target price for Ingevity is set to $43. Ingevity shares closed at $34.95 on Wednesday.Analysts at Morgan Stanley initiated coverage on Fastenal Company (NASDAQ: FAST) with an Equal-weight rating. The target price for Fastenal is set to $46. Fastenal shares closed at $44.34 on Wednesday.Analysts at JP Morgan initiated coverage of Atkore International Group Inc (NYSE: ATKR) with a Neutral rating. The target price for Atkore International is set to $19. Atkore International shares closed at $15.98 on Wednesday.Analysts at Citigroup initiated coverage of Fairmount Santrol Holdings Inc (NYSE: FMSA) with a Buy rating. The target price for Fairmount Santrol is set to $10. Fairmount Santrol shares closed at $7.33 on Wednesday.Analysts at Stifel Nicolaus initiated coverage on Agree Realty Corporation (NYSE: ADC) with a Buy rating. The target price for Agree Realty is set to $54. Agree Realty shares rose 4.64 percent to $51.14 in pre-market trading.