Benzinga's Top Initiations

Analysts at HC Wainwright initiated coverage on shares of Spectrum Pharmaceuticals SPPI with a “buy” rating. The target price for Spectrum Pharmaceuticals is set to $15. Spectrum's shares closed at $8.49 yesterday. Ascendiant Capital initiated coverage on shares of Galectin Therapeutics GALT with a “buy” rating. The target price for Galectin Therapeutics is set to $13. Galectin Therapeutics' shares closed at $11.00 yesterday. Analysts at Morgan Stanley initiated coverage on shares ITC Holdings ITC with an “overweight” rating. The target price for ITC Holdings is set to $105. ITC's stock closed at $93.13 yesterday. Atlantic Equities initiated coverage on shares of Facebook FB with an “overweight” rating. The target price for Facebook is set to $63. Facebook's shares closed at $51.04 yesterday.