Benzinga's Top Initiations

Morgan Stanley initiated coverage on shares of CarMax KMX with an “overweight” rating. CarMax's shares closed at $32.21 yesterday. CarMax's PEG ratio is 1.44. Citigroup initiated coverage on shares of Renren RENN with a “sell” rating. Renren's stock closed at $3.77 yesterday. Renren had $922.1 million in total cash for the latest quarter. Bank of America initiated coverage on shares of Standard Motor Products SMP with a “buy” rating. Standard Motor Products' shares closed at $18.01 yesterday. Standard Motor Products' trailing-twelve-month operating margin is 6.96%. Benchmark initiated coverage on shares of LivePerson LPSN with a “buy” rating. LivePerson's shares closed at $17.38 yesterday. LivePerson's trailing-twelve-month ROE is 7.20%.