Benzinga's Top Initiations

Analysts at Nomura initiated coverage on Redwood Trust, Inc. (NYSE: RWT) with a Buy rating. The target price for Redwood Trust is set to $25. Redwood Trust shares closed at $20.05 yesterday.

Analysts at JP Morgan initiated coverage on CDK Global, Inc. (NASDAQ: CDK) with a Underweight rating. The target price for CDK Global is set to $40. CDK Global's shares closed at $45.65 yesterday.

Nomura initiated coverage on Invesco Mortgage Capital Inc. (NYSE: IVR) with a Neutral rating. The target price for Invesco Mortgage Capital is set to $14.75. Invesco Mortgage Capital's shares closed at $15.56 yesterday.

Analysts at Nomura initiated coverage on Hatteras Financial Corp. (NYSE: HTS) with a Buy rating. The target price for Hatteras Financial is set to $19.50. Hatteras Financial's shares closed at $18.27 yesterday.