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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Concordia Healthcare Corp | TSX | CXR | 44.45 | 1,282.9 | Upgrade to speculative buy from hold | Neil Maruoka | Canaccord Genuity Corp | 55.00 | 23.7% |
| Blackbird Energy Inc | TSXV | BBI | 0.39 | 79.6 | Initiate with speculative buy | David Ricciardi | Jennings Capital | 0.65 | 68.8% |
Canaccord Genuity Corp upgraded Concordia Healthcare Corp (TSX: CXR), engaged in the business of owning and marketing pharmaceutical products, to speculative buy from hold raising its price target to C$55.00 from C$42.00, indicating an upside of 23.7% from current levels.
Jennings Capital initiated coverage on Blackbird Energy Inc (TSXV: BBI), engaged in the acquisition, development and production of petroleum and gas interests, with a speculative buy rating assigning a 12-month price target of C$0.65, indicating an upside of 68.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Zebra Technologies Corp | NASDAQ | ZBRA | 72.55 | 3,694.4 | Upgrade to overweight from neutral | Paul T Coster | JPMorgan | 87.00 | 19.9% |
| Berry Plastics Group Inc | NYSE | BERY | 27.27 | 3,204.2 | Upgrade to outperform from market perform | Mark Wilde | BMO Capital Markets | 31.00 | 13.7% |
| Wolverine World Wide Inc | NYSE | WWW | 29.06 | 2,951.5 | Upgrade to buy from neutral | Andrew Burns | D.A. Davidson & Co | 35.00 | 20.4% |
| Qunar Cayman Islands Ltd | NASDAQ | QUNR | 26.42 | 3,132.5 | Initiate with neutral | Chi Tsang | HSBC | 29.00 | 9.8% |
| Copa Holdings SA | NYSE | CPA | 110.39 | 4,898.3 | Downgrade to hold from buy | Michael J Linenberg | Deutsche Bank | 110.00 | -0.4% |
JPMorgan upgraded Zebra Technologies Corp (NASDAQ: ZBRA), engaged in designing, manufacturing and selling specialty printing devices that print variable information, to overweight from neutral raising its price target to $87.00 from $75.00, indicating an upside of 19.9% from current levels.
Berry Plastics Group Inc (NYSE: BERY), engaged in the business of manufacturing plastic products and containers, was upgraded by BMO Capital Markets to outperform from market perform raising its price target to $31.00 from $26.00, indicating an upside potential of 13.7% from current levels.
D.A. Davidson & Co upgraded Wolverine World Wide Inc (NYSE: WWW), engaged in manufacturing and marketing branded footwear and performance leathers, to buy from neutral raising its price target to $35.00 from $29.00, indicating an upside of 20.4% from current levels.
HSBC initiated coverage on Qunar Cayman Islands Ltd (NASDAQ: QUNR), engaged in providing travel product information from thousands of travel services providers in one location, with a neutral rating assigning a 12-month price target of $29.00, indicating an upside of 9.8% from current levels.
Copa Holdings SA (NYSE: CPA), engaged in the business of providing international airline passenger and cargo services, was downgraded by Deutsche Bank to hold from buy with a price target of $110.00, implying a downside potential of 0.4% from current levels.
