Benzinga's Top Initiations

Analysts at UBS initiated coverage on shares of Ecolab (NYSE: ECL) with a “buy” rating. The target price for Ecolab is set to $120. Ecolab's stock closed at $107.48 yesterday.

Analysts at FBR Capital initiated coverage on shares of Valeant Pharmaceuticals International (NYSE: VRX) with an “outperform” rating. The target price for Valeant Pharmaceuticals is set to $130. Valeant's shares closed at $111.06 yesterday.

Jefferies initiated coverage on shares of Dick's Sporting Goods (NYSE: DKS) with a “hold” rating. The target price for Dick's Sporting is set to $57. Dick's shares closed at $53.50 yesterday.

FBR Capital initiated coverage on shares of Shire plc (NASDAQ: SHPG) with a “market perform” rating. The target price for Shire is set to $137. Shire's shares closed at $133.45 yesterday.