Benzinga's Top Initiations

Analysts at Morgan Stanley initiated coverage on shares of Royal Gold RGLD with an “overweight” rating. The target price for Royal Gold is set to $77. Royal Gold's shares closed at $60.14 yesterday. Bank of America initiated coverage on shares of First PacTrust Bancorp BANC with a “buy” rating. The target price for First PacTrust Bancorp is set to $12.50. First PacTrust Bancorp's shares closed at $10.75 yesterday. Analysts at Imperial Capital initiated coverage on shares of Atmel ATML with an “outperform” rating. The target price for Atmel is set to $10. Atmel's shares closed at $8.19 yesterday. Brean Capital initiated coverage on shares of Stone Energy SGY with a “buy” rating. The target price for Stone Energy is set to $56. Stone Energy's shares closed at $43.33 yesterday.