Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Red Rock Resorts (RRR) initiated with a Buy at BofA/Merrill, Deutsche Bank and Stifel as analysts said it will benefit from a Las Vegas Locals recovery and from a dominant market position. The company was also initiated with an Overweight at JPMorgan and a Neutral at Goldman. 2. Kemet (KEM) initiated with a Buy at B. Riley by analyst Josh Nichols, who said the company is a leading producer of capacitors with an improving cost structure. 3. Intuit (INTU) initiated with a Buy at Goldman based on expectations of Quickbooks market expansion and ARPU decline stabilization leading to Small Business growth and profitability. 4. NetSuite (N) initiated with a Sell at Goldman by analyst Jesse Hulsing, who said Street estimates imply a reacceleration in bookings growth, which he questions given 2015 productivity declines and increasing competition. 5. Oshkosh (OSK) initiated with a Neutral at Macquarie with analyst Sameer Rathod saying shares are fairly valued at current levels. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Baird raised the firm's price target on Oshkosh to $158 from $140 and keeps an Outperform rating on the shares following the Q1 report. The quarter showcased ongoing improvement in the company's overall execution, with Access and Vocational margins continuing to surprise positively, the analyst tells investors in a research note. The firm believes Oshkosh's Vocational and Defense units have "meaningful runway" to drive operating income growth, which should be able to offset any future Access cyclical softening.

Raises FY24 revenue view to ~$10.7B from $10.4B, consensus $10.3B.