Benzinga's Top Initiations

• Analysts at Berenberg initiated coverage of Goldman Sachs Group Inc GS with a Hold rating. The target price for Goldman Sachs is set to $140. Goldman Sachs shares gained 0.08 percent to $157.05 in pre-market trading.
• Analysts at H.C. Wainwright initiated coverage on Aviragen Therapeutics Inc AVIR with a Buy rating. The target price for Aviragen Therapeutics is set to $5. Aviragen Therapeutics shares rose 2.80 percent to $1.47 in pre-market trading.

Analysts at Berenberg initiated coverage of JPMorgan Chase & Co. JPM with a Sell rating. The target price for JPMorgan is set to $52. JPMorgan shares slipped 0.25 percent to $63.04 in pre-market trading.

• Buckingham Research initiated coverage on E*TRADE Financial Corp ETFC with a Buy rating. E*TRADE shares closed at $24.55 on Tuesday.
• Analysts at Berenberg initiated coverage on Bank of America Corp BAC with a Buy rating. The target price for Bank of America is set to $15. Bank of America shares rose 0.07 percent to $13.55 in pre-market trading.
• Ladenburg Thalmann initiated coverage of Abraxas Petroleum Corp. AXAS with a Buy rating. Abraxas Petroleum shares gained 3.23 percent to $1.28 in pre-market trading.
• Analysts at Berenberg initiated coverage on Citigroup Inc C with a Buy rating. The target price for Citigroup is set to $50. Citigroup shares fell 0.09 percent to $43.40 in pre-market trading.
• Analysts at RBC Capital initiated coverage on Incyte Corporation INCY with a Outperform rating. Incyte shares closed at $84.97 on Monday.
• Berenberg initiated coverage on Morgan Stanley MS with a Hold rating. The target price for Morgan Stanley is set to $29. Morgan Stanley shares closed at $27.37 on Monday.
• Analysts at Stifel Nicolaus initiated coverage of Compass Minerals International, Inc. CMP with a Buy rating. Compass Minerals shares closed at $72.50 on Tuesday.