Benzinga's Top Initiations

Analysts at Piper Jaffray initiated coverage on shares of Rally Software Development Group 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 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 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 EVTC with an “overweight” rating. The target price for Evertec is set to $26. Evertec's shares closed at $20.25 yesterday.