Benzinga's Top Initiations

Analysts at Credit Suisse initiated coverage on shares of Callidus Software CALD with an “outperform” rating. The target price for Callidus Software is set to $20. Callidus Software's shares closed at $14.56 yesterday. Analysts at Bank of America initiated coverage on shares of Meritage MTH with a “neutral” rating. The target price for Meritage is set to $52. Meritage's shares closed at $45.15 yesterday. Cowen & Company initiated coverage on shares of Exelis XLS with an “overweight” rating. The target price for Exelis is set to $23. Exelis's shares closed at $20.28 yesterday. Barclays initiated coverage on shares of Electronics for Imaging EFII with an “overweight” rating. The target price for Electronics for Imaging is set to $47. Electronics for Imaging's shares closed at $39.36 yesterday.