Benzinga's Top Initiations

Bank of America initiated coverage on Penumbra Inc PEN with a Buy rating. The target price for Penumbra is set to $46. Penumbra shares closed at $39.99 on Tuesday. Analysts at B. Riley initiated coverage on TransAct Technologies Incorporated TACT with a Neutral rating. The target price for TransAct Technologies is set to $12.50. TransAct Technologies shares closed at $9.99 on Tuesday. Analysts at Northland Securities initiated initiated coverage on Shire PLC (ADR) SHPG with a Outperform rating. The target price for Shire is set to $228. Shire shares closed at $196.86 on Tuesday. Mizuho Securities initiated coverage on Microsemi Corporation MSCC with a Buy rating. The target price for Microsemi is set to $42. Microsemi shares closed at $34.59 on Tuesday. Analysts at RBC Capital initiated coverage of Celanese Corporation CE with a Sector Perform rating. The target price for Celanese is set to $68. Celanese shares closed at $63.56 on Tuesday. Deutsche Bank initiated coverage on Encana Corporation (USA) ECA with a Buy rating. The target price for Encana is set to $12. Encana shares closed at $8.39 on Tuesday. Analysts at Atlantic Equities initiated coverage of McGraw Hill Financial Inc MHFI with a Overweight rating. The target price for McGraw Hill Financial is set to $120. McGraw Hill Financial shares closed at $90.23 on Tuesday. H.C. Wainwright initiated coverage of Prima Biomed Ltd. PBMD with a Buy rating. The target price for Prima Biomed is set to $3. Prima Biomed shares closed at $1.22 on Tuesday. Analysts at RBC Capital initiated coverage on Eastman Chemical Company EMN with a Outperform rating. The target price for Eastman Chemical is set to $88. Eastman Chemical shares closed at $70.89 on Tuesday. Analysts at Atlantic Equities initiated coverage on Moody's Corporation MCO with a Neutral rating. The target price for Moody's is set to $115. Moody's shares closed at $98.09 on Tuesday.