Benzinga's Top Initiations

Analysts at JP Morgan initiated coverage on shares of Sealed Air SEE with an “overweight” rating. Sealed Air's shares closed at $15.06 on Friday. Sealed Air's trailing-twelve-month revenue is $7.22 billion. Bank of America initiated coverage on shares of Ellington Financial EFC with a “buy” rating. Ellington Financial's shares closed at $22.08 on Friday. Ellington Financial had $159.17 million in total cash for the latest quarter. RBC Capital initiated coverage on shares of Finisar FNSR with an “sector perform” rating. Finisar's stock closed at $14.86 on Friday. Finisar's trailing-twelve-month operating margin is 2.19%. Rodman & Renshaw initiated coverage on shares of CytRx CYTR with an “outperform” rating. CytRx's shares closed at $3.93 on Friday. CytRx had $26.93 million in total cash for the latest quarter.