Benzinga's Top Initiations

Analysts at Benchmark initiated coverage on shares of Glu Mobile GLUU with a “hold” rating. The target price for Glu Mobile is set to $2.42. Glu Mobile's shares closed at $2.31 yesterday. Brean Capital initiated coverage on shares of Movado Group MOV with a “buy” rating. The target price for Movado Group is set to $44. Movado Group's shares closed at $36.58 yesterday. RBC Capital initiated coverage on shares of Semtech SMTC with an “outperform” rating. The target price for Semtech is set to $40. Semtech's stock closed at $28.82 yesterday. Analysts at Morgan Stanley initiated coverage on shares of Freescale Semiconductor FSL with an “underweight” rating. The target price for Freescale Semiconductor is set to $14. Freescale's shares closed at $14.39 yesterday.