Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Berkshire Hathaway (BRK.A) initiated with a Buy at UBS by analyst Brian Meredith, who said the current and uncertain economic and market environment "plays into the hands" of the company. 2. Syndax (SNDX) initiated with an Outperform and Overweight at JMP Securities and Morgan Stanley, respectively. 3. ONEOK (OKE) initiated with a Sector Perform at RBC Capital. 4. Phillips 66 (PSX) initiated with a Market Perform at Cowen. 5. Western Digital (WDC) initiated with a Buy at Summit Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Barclays analyst Theresa Chen raised the firm's price target on Phillips 66 to $155 from $139 and keeps an Equal Weight rating on the shares. The analyst increased the price target after exploring the impacts and opportunities of an evolving infrastructure landscape for midstream and downstream operators "amid a dynamic price backdrop."

BofA raised the firm's price target on Western Digital to $85 from $75 and keeps a Buy rating on the shares. The firm sees both the HDD and NAND businesses being close to the bottom of the cycle and sees a potential unlock of shareholder value as the company remains on track to split the HDD and NAND business in the second half of 2024.