Benzinga's Top Initiations

Analysts at Citigroup initiated coverage on shares of Ambit Biosciences

with a “buy” rating. The target price range for Ambit Biosciences is set to $13. Ambit Biosciences' shares closed at $7.79 on Friday. Goldman Sachs initiated coverage on shares of CVR Refining

with a “neutral” rating. The target price for CVR Refining is set to $37. CVR Refining's shares closed at $30.48 on Friday. Sterne Agee initiated coverage on shares of Semtech

with a “buy” rating. The target price for Semtech is set to $46. Semtech's stock closed at $35.78 on Friday. Analysts at Bank of America initiated coverage on shares of Credit Acceptance

with a “neutral” rating. The target price for Credit Acceptance is set to $121. Credit Acceptance's shares closed at $113.14 on Friday.