Benzinga's Top Initiations

Analysts at Nomura initiated coverage on Redwood Trust, Inc. 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. 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. 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. 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.