Benzinga's Top Initiations

Wells Fargo initiated coverage on shares of Garmin Ltd GRMN with an “outperform” rating. Garmin's shares closed at $39.97 yesterday. Garmin's trailing-twelve-month revenue is $2.85 billion. Societe Generale initiated coverage on shares of Fresenius Medical Care AG & Co. KGAA FMS with a “buy” rating. Fresenius Medical's stock closed at $71.25 yesterday. Fresenius Medical had $677.38 million in total cash for the latest quarter. Bank of America initiated coverage on shares of Merrimack Pharmaceuticals MACK with a “buy” rating. Merrimack Pharmaceuticals' shares closed at $7.55 yesterday. Merrimack Pharmaceuticals' trailing-twelve-month revenue is $44.57 million. HSBC initiated coverage on shares of Fresenius SE & Co KGaA FSNUY with an “overweight” rating. Fresenius SE's shares closed at $13.04 yesterday. Fresenius SE's trailing-twelve-month operating margin is 15.68%.