Benzinga's Top Initiations

Analysts at Deutsche Bank initiated coverage on shares of Blackstone Mortgage Trust BXMT with a “buy” rating. The target price for Blackstone Mortgage Trust is set to $29.50. Blackstone Mortgage Trust's shares closed at $25.24 yesterday. Bank of America initiated coverage on shares of Ubiquiti Networks UBNT with a “buy” rating. The target price for Ubiquiti Networks is set to $21. Ubiquiti's shares closed at $20.07 yesterday. Wedbush initiated coverage on shares of PTC Therapeutics PTCT with an “outperform” rating. The target price for PTC Therapeutics is set to $55. PTC Therapeutics' stock closed at $16.57 yesterday. Analysts at Miller Tabak initiated coverage on shares of Diamondback Energy FANG with a “buy” rating. The target price for Diamondback Energy is set to $43. Diamondback Energy's shares closed at $37.71 yesterday.