Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Johnson Controls (JCI) initiated with a Sector Perform at RBC Capital with analyst Deane Dray saying he thinks that the company's synergies from its merger can beat expectations, but the analyst says that the stock is already "reflecting optimism." 2. DaVita (DVA) initiated with a Neutral at Citi. 3. Hershey (HSY) reinstated with a Neutral at JPMorgan. 4. Dollar Tree (DLTR) coverage assumed with a Conviction Buy at Goldman. 5. Lockheed Martin (LMT) initiated with a Buy at Citi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

Deutsche Bank raised the firm's price target on Lockheed Martin to $487 from $467 and keeps a Hold rating on the shares. The company reported solid Q1 results, the analyst tells investors in a research note. The firm says that while the Street mis-modeling the extra week played a part in this quarter's outperformance versus sell-side estimates, "there were also pockets of fundamental outperformance." It sees upside to full-year sales estimates.