Benzinga's Top Initiations

Analysts at Bank of America initiated coverage on shares of ON Semiconductor Corporation ONNN with a “buy” rating. The target price range for ON Semiconductor is set to $11. ON Semiconductor's shares closed at $8.19 yesterday. Euro Pacific Capital initiated coverage on shares of Danaos DAC with a “buy” rating. The target price for Danaos is set to $4.50. Danaos' stock closed at $4.05 yesterday. Wedbush initiated coverage on shares of Luminex LMNX with a “neutral” rating. The target price for Luminex is set to $17. Luminex's shares closed at $17.03 yesterday. Analysts at Needham initiated coverage on shares of KLA-Tencor KLAC with a “buy” rating. The target price for KLA-Tencor is set to $61. KLA-Tencor's shares closed at $51.65 yesterday.