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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Progressive Waste Solutions Ltd | TSX | BIN | 34.80 | 4,008.2 | Upgrade to neutral from underperform | Adam Baumgarten | Macquarie | 35.00 | 0.6% |
| Midway Gold Corp | TSX | MDW | 0.83 | 145.2 | Upgrade to speculative buy from market perform | Kyle McPhee | Cormark Securities Inc. | 1.10 | 32.5% |
| K-Bro Linen Inc | TSX | KBL | 42.30 | 301.2 | Upgrade to sector outperform from sector perform | Vincent Perri | Scotia Capital | 46.00 | 8.7% |
| Midas Gold Corp | TSX | MAX | 0.51 | 72.3 | Initiate with buy | Kevin Mackenzie | Salman Partners | 1.00 | 96.1% |
| Questerre Energy Corp | TSX | QEC | 0.61 | 161.6 | Downgrade to hold from speculative buy | Anthony Petrucci | Canaccord Genuity Corp | 1.00 | 63.9% |
Macquarie upgraded Progressive Waste Solutions Ltd (TSX: BIN), engaged in providing non-hazardous solid waste collection and landfill disposal services for commercial, industrial and residential customers in British Columbia, Alberta, Manitoba, Ontario and Quebec, to neutral from underperform raising its price target to C$35.00 from C$24.00, indicating an upside of 0.6% from current levels.
Midway Gold Corp (TSX: MDW), engaged in the acquisition, exploration and development of gold and silver mineral properties in North America, was upgraded by Cormark Securities Inc. to buy from market perform with a price target of C$1.10, indicating an upside potential of 32.5% from current levels.
Scotia Capital upgraded K-Bro Linen Inc (TSX: KBL), engaged in owning and operating laundry and linen processing facilities in Canada, to sector outperform from sector perform raising its price target to C$46.00 from C$41.00, indicating an upside of 8.7% from current levels.
Salman Partners initiated coverage on Midas Gold Corp (TSX: MAX), engaged in the business of exploring minerals in U.S., with a buy rating assigning a 12-month price target of C$1.00, indicating an upside of 96.1% from current levels.
Questerre Energy Corp (TSX: QEC), engaged in the exploration, development, production and acquisition of oil and gas projects, was downgraded by Canaccord Genuity Corp to hold from speculative buy by reducing its price target to C$1.00 from C$1.75, implying an upside potential of 63.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Rayonier Inc | NYSE | RYN | 26.51 | 3,359.5 | Upgrade to outperform from sector perform | Paul Quinn | RBC Capital Markets | 30.00 | 13.2% |
| Patterson Cos Inc | NASDAQ | PDCO | 46.26 | 4,823.1 | Upgrade to buy from neutral | Edwin Snyder | Northcoast Research | 55.00 | 18.9% |
| Clean Harbors Inc | NYSE | CLH | 49.72 | 2,980.6 | Upgrade to outperform from neutral | Al Kaschalk | Wedbush | 60.00 | 20.7% |
| Superior Energy Services Inc | NYSE | SPN | 24.32 | 3,700.8 | Initiate with buy | Chase Mulvehill | SunTrust Robinson Humphrey | 32.00 | 31.6% |
| Denbury Resources Inc | NYSE | DNR | 10.01 | 3,529.2 | Downgrade to neutral from outperform | Arun Jayaram | Credit Suisse | 16.00 | 59.8% |
RBC Capital Markets upgraded Rayonier Inc (NYSE: RYN), engaged in producing and selling cellulosic fibers, standing timber, real estate and timberland acreage, to outperform from sector perform raising its price target to $30.00 from $28.00, indicating an upside of 13.2% from current levels.
Patterson Cos Inc (NASDAQ: PDCO), engaged in distributing dental products, veterinary supplies for companion pets and rehabilitation supplies, was upgraded by Northcoast Research to buy from neutral with a price target of $55.00, indicating an upside potential of 18.9% from current levels.
Wedbush upgraded Clean Harbors Inc (NYSE: CLH), engaged in providing a variety of environmental remediation and industrial waste management services to customers in the U.S. and Puerto Rico, to outperform from neutral with a price target of $60.00, indicating an upside of 20.7% from current levels.
SunTrust Robinson Humphrey initiated coverage on Superior Energy Services Inc (NYSE: SPN), engaged in providing the drilling, completion and production related needs of oil and gas companies, with a buy rating assigning a 12-month price target of $32.00, indicating an upside of 31.6% from current levels.
Denbury Resources Inc (NYSE: DNR), engaged in acquiring, developing, operating and exploring oil and gas properties, was downgraded by Credit Suisse to neutral from outperform by reducing its price target to $16.00 from $19.00, implying an upside potential of 59.8% from current levels.
