Benzinga's Top Initiations

Analysts at Cowen & Company initiated coverage on Jack in the Box Inc. JACK with a Outperform rating. The target price for Broadcom is set to $83. Broadcom shares rose 0.82 percent to $69.24 in pre-market trading. William Blair initiated coverage on Level 3 Communications, Inc. LVLT with a Outperform rating. Level 3 Communications shares rose 0.37 percent to $53.88 in pre-market trading. Avondale Partners initiated coverage on McKesson Corporation MCK with a Market Perform rating. The target price for McKesson is set to $203. McKesson shares closed at $174.00 on Monday.