Benzinga's Top Initiations

Analysts at Piper Jaffray initiated coverage on shares of Rally Software Development Group (NASDAQ:
RALY
) with an “overweight” rating. The target price range for Rally Software Development is set to $23. Rally Software Development's shares closed at $19.32 yesterday. ISI Group initiated coverage on shares of Chesapeake Energy (NYSE:
CHK
) with a “cautious” rating. The target price for Chesapeake Energy is set to $15. Chesapeake Energy's shares closed at $19.44 yesterday. Goldman Sachs initiated coverage on shares of Medivation (NASDAQ:
MDVN
) with a “buy” rating. The target price for Medivation is set to $68. Medivation's stock closed at $53.22 yesterday. Analysts at JP Morgan initiated coverage on shares of Evertec (NYSE:
EVTC
) with an “overweight” rating. The target price for Evertec is set to $26. Evertec's shares closed at $20.25 yesterday.
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