Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Time Warner (TWX) initiated with an Outperform at RBC Capital citing an undervalued stock and the company's assets. The firm said, "Turner is growing, HBO has monetization opportunities and Warner Bros. is a steady contributor." 2. CBS (CBS) initiated with an Outperform at RBC Capital due to the company's "top notch content," along with its "massive" share buyback. The firm expects the company's EPS to increase by an average of 14% in 2016 and 2017. 3. GrubHub (GRUB) initiated with a Sector Weight at Pacific Crest by analyst Evan Wilson, who expects "competitive confusion" and declining user traffic to be issues for the stock. 4. Molson Coors (TAP) initiated with a Neutral at Citi with analyst Wendy Nicholson saying the company's underlying organic growth outlook remains weak. 5. PBF Energy (PBF) initiated with an Overweight at JPMorgan with analyst Phil Gresh expecting "solid upside" following the company's "inexpensive" acquisitions of Chalmette and Torrance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.