A Canadian gold project developer and a U.S. bank holding company both received analyst upgrades, one of which has an implied upside of nearly 50%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Trilogy Energy Corp | TSX | TET | 15.03 | 1,967.8 | Upgrade to market perform from underperform | Cody R Kwong | FirstEnergy Capital Corp | 16.00 | 6.5% |
| GLENTEL Inc | TSX | GLN | 10.80 | 240.8 | Upgrade to buy from hold | Gabriel Leung | Paradigm Capital Inc | 14.00 | 29.6% |
| Osisko Gold Royalties Ltd | TSX | OR | 14.42 | 673.4 | Upgrade to buy from market perform | Richard Gray | Cormark Securities Inc. | 17.25 | 19.6% |
| Foran Mining Corp | TSXV | FOM | 0.22 | 18.6 | Initiate with buy | Derek Macpherson | M Partners Inc | 0.50 | 127.3% |
| Alderon Iron Ore Corp | TSX | ADV | 0.51 | 66.4 | Downgrade to sector perform from outperform | Fraser Phillips | RBC Capital Markets | 0.60 | 17.6% |
FirstEnergy Capital Corp upgraded Trilogy Energy Corp (TSX: TET), engaged in acquiring, developing, producing and selling natural gas, crude oil and natural gas liquids, to market perform from underperform with a price target of C$16.00, indicating an upside of 6.5% from current levels.
GLENTEL Inc (TSX: GLN), engaged in offering wireless telecommunications services and products, was upgraded by Paradigm Capital Inc to buy from hold raising its price target to C$14.00 from C$12.00, indicating an upside potential of 29.6% from current levels.
Cormark Securities Inc. upgraded Osisko Gold Royalties Ltd (TSX: OR), engaged in exploring and mining of gold and other precious metals, to buy from market perform with a price target of C$17.25, indicating an upside of 19.6% from current levels.
M Partners Inc initiated coverage on Foran Mining Corp (TSXV: FOM), engaged in the exploration and development of copper, zinc, and gold deposits, with a buy rating assigning a 12-month price target of C$0.50, indicating an upside of 127.3% from current levels.
RBC Capital Markets downgraded Alderon Iron Ore Corp (TSX: ADV), engaged in exploring iron ore, to sector perform from outperform by reducing its price target to C$0.60 from C$2.00, indicating an upside of 17.6% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| GNC Holdings Inc | NYSE | GNC | 43.06 | 3,826.4 | Upgrade to buy from neutral | Stephen Tanal | Goldman Sachs | 49.00 | 13.8% |
| Dynegy Inc | NYSE | DYN | 34.76 | 4,273.1 | Upgrade to accumulate from hold | Neel Mitra | Tudor Pickering & Co | 40.00 | 15.1% |
| Envestnet Inc | NYSE | ENV | 52.16 | 1,791.3 | Upgrade to strong buy from outperform | Patrick O’Shaughnessy | Raymond James | 59.00 | 13.1% |
| Independence Contract Drilling Inc | NYSE | ICD | 7.59 | 184.9 | Initiate with equalweight | Luke M Lemoine | Capital One Securities, Inc. | 8.50 | 12.0% |
| Bruker Corp | NASDAQ | BRKR | 17.91 | 3,016.7 | Downgrade to hold from buy | Sung Ji Nam | Cantor Fitzgerald | 23.00 | 28.5% |
Goldman Sachs upgraded GNC Holdings Inc (NYSE: GNC), engaged in the business of retailing health and wellness products, to buy from neutral raising its price target to $ 49.00 from $44.00, indicating an upside of 13.8% from current levels.
Dynegy Inc (NYSE: DYN), engaged in providing electricity to markets and customers throughout the U.S., was upgraded by Tudor Pickering & Co to accumulate from hold with a price target of $40.00, indicating an upside potential of 15.1% from current levels.
Raymond James upgraded Envestnet Inc (NYSE: ENV), engaged in providing wealth management solutions to financial advisors and institutions, to strong buy from outperform raising its price target to $59.00 from $55.00, indicating an upside of 13.1% from current levels.
Capital One Securities, Inc. initiated coverage on Independence Contract Drilling Inc (NYSE: ICD), engaged in the business of providing land drilling services, with an equal weight rating assigning a 12-month price target of $8.50, indicating an upside of 12.0% from current levels.
Bruker Corp (NASDAQ: BRKR), engaged in designing, manufacturing and marketing proprietary life science systems based on spectrometry technology platforms, was downgraded by Cantor Fitzgerald to hold from buy by reducing its price target to $23.00 from $25.00, implying an upside potential of 28.5% from current levels.
