Benzinga's Top Initiations

Pacific Crest initiated coverage on Expedia Inc EXPE with a Sector Weight rating. Expedia shares closed at $107.80 on Wednesday. Longbow Research initiated coverage on Fitbit Inc FIT with a Buy rating. The target price for Fitbit is set to $20. Fitbit shares closed at $13.39 on Wednesday. Analysts at Oppenheimer initiated coverage on Syndax Pharmaceuticals Inc SNDX with a Outperform rating. The target price for Syndax Pharmaceuticals is set to $24. Syndax Pharmaceuticals shares closed at $12.59 on Wednesday. Analysts at Ladenburg Thalmann initiated coverage on Ardelyx Inc ARDX with a Buy rating. The target price for Ardelyx is set to $21. Ardelyx shares closed at $7.54 on Wednesday. Analysts at FBR Capital initiated coverage on IBERIABANK Corp IBKC with a Outperform rating. The target price for IBERIABANK is set to $61. IBERIABANK shares closed at $50.24 on Wednesday. Analysts at KeyBanc initiated coverage on Cooper-Standard Holdings Inc CPS with a Sector Weight rating. Cooper-Standard Holdings shares closed at $73.28 on Wednesday. Analysts at Canaccord Genuity initiated coverage on Adobe Systems Incorporated ADBE with a Buy rating. The target price for Adobe is set to $110. Adobe shares closed at $93.78 on Wednesday. Mizuho Securities initiated coverage on First Solar, Inc. FSLR with a Neutral rating. The target price for First Solar is set to $71. First Solar shares closed at $68.97 on Wednesday. Analysts at Goldman Sachs initiated coverage of Harman International Industries Inc./DE/ HAR with a Buy rating. The target price for Harman International is set to $110. Harman International shares closed at $87.01 on Wednesday. Citigroup initiated coverage of Manitowoc Foodservice Inc MFS with a Neutral rating. The target price for Manitowoc Foodservice is set to $15. Manitowoc Foodservice shares closed at $15.00 on Wednesday.