Benzinga's Top Initiations

Analysts at Credit Suisse initiated coverage on shares of New York Mortgage Trust

with a “neutral” rating. The target price for New York Mortgage Trust is set to $7.50. New York Mortgage Trust's shares closed at $7.73 on Friday. Citigroup initiated coverage on shares of Ladder Capital

with a “neutral” rating. The target price for Ladder Capital is set to $19. Ladder Capital's shares closed at $17.00 on Friday. Analysts at JMP Securities initiated coverage on shares of Egalet

with a “market outperform” rating. The target price for Egalet is set to $19. Egalet's shares closed at $12.87 on Friday. Barclays initiated coverage on shares of Arrowhead Research

with an “overweight” rating. The target price for Arrowhead Research is set to $32. Arrowhead Research's shares closed at $19.44 on Friday.