Leucrotta Exploration Inc. (TSXV: LXE) and Bemis Co Inc. (NYSE: BMS) are among a number of companies that received either an analyst upgrade or downgrade recently, including one with upside potential of more than 30%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Pacific Rubiales Energy Corp | TSX | PRE | 7.18 | 2,269.5 | Upgrade to hold from sell | Alexander Burgansky | Deutsche Bank | 8.80 | 22.6% |
| RMP Energy Inc | TSX | RMP | 4.88 | 596.0 | Upgrade to overweight from hold | Neil Fonseca | EVA Dimensions | NA | NA |
| Newstrike Capital Inc | TSXV | NES | 1.01 | 117.9 | Initiate with speculative buy | Ryan Walker | Euro Pacific Canada Inc | 1.30 | 28.7% |
| Leucrotta Exploration Inc | TSXV | LXE | 1.53 | 213.8 | Initiate with outperform | Kurt B Molnar | Raymond James | 2.00 | 30.7% |
| Alderon Iron Ore Corp | TSX | ADV | 0.27 | 35.1 | Downgrade to neutral from buy | David A Talbot | Dundee Securities Corp | 0.30 | 11.1% |
Deutsche Bank upgraded Pacific Rubiales Energy Corp (TSX: PRE), engaged in the exploration, development and production of heavy crude oil, gas, light and medium oil in Colombia, to hold from sell with a price target of C$8.80, indicating an upside of 22.6% from current levels.
RMP Energy Inc (TSX: RMP), engaged in the exploration and production of oil and natural gas in West Central Alberta and southeastern Saskatchewan, was upgraded by EVA Dimensions to overweight from hold. The rating company has not provided its target price for the company’s stock.
Euro Pacific Canada Inc initiated coverage on Newstrike Capital Inc (TSXV: NES), engaged in the business of exploring gold and silver, with a speculative buy rating assigning a 12-month price target of C$1.30, indicating an upside of 28.7% from current levels.
Coverage on Leucrotta Exploration Inc (TSXV: LXE), engaged in the exploration of oil and natural gas, was initiated with an outperform rating at Raymond James, assigning a 12-month price target of C$2.00, indicating an upside potential of 30.7% from current levels.
Dundee Securities Corp downgraded Alderon Iron Ore Corp (TSX: ADV), engaged in the business of exploring iron ore, to neutral from buy by reducing its price target to C$0.30 from C$3.90, indicating an upside of 11.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Bemis Co Inc | NYSE | BMS | 41.16 | 4,111.1 | Upgrade to outperform from market perform | Mark Wilde | BMO Capital Markets | 47.00 | 14.2% |
| Hanmi Financial Corp | NASDAQ | HAFC | 21.86 | 697.4 | Upgrade to outperform from market perform | Scott Valentin | FBR Capital Markets | 26.00 | 18.9% |
| Volcano Corp | NASDAQ | VOLC | 11.82 | 610.0 | Upgrade to buy from hold | Michael S Matson | Needham & Co | 13.00 | 10.0% |
| Genesee & Wyoming Inc | NYSE | GWR | 88.63 | 4,775.3 | Initiate with neutral | Matthew Troy | Nomura | 101.00 | 14.0% |
| Midstates Petroleum Co Inc | NYSE | MPO | 1.58 | 111.3 | Downgrade to hold from buy | John Herrlin | Societe Generale | 1.60 | 1.3% |
BMO Capital Markets upgraded Bemis Co Inc (NYSE: BMS), engaged in manufacturing flexible packaging products and pressure sensitive materials, to outperform from market perform by raising its price target to $47.00 from $39.00, indicating an upside of 14.2% from current levels.
Hanmi Financial Corp (NASDAQ: HAFC), engaged in the banking business with its primary focus on servicing multi-ethnic small businesses in southern California, was upgraded by FBR Capital Markets to outperform from market perform by raising its price target to $26.00 from $24.00, indicating an upside potential of 18.9% from current levels.
Needham & Co upgraded Volcano Corp (NASDAQ: VOLC), engaged in the business of developing, manufacturing and commercializing medical devices, to buy from hold with a price target of $13.00, indicating an upside of 10.0% from current levels.
Nomura initiated coverage on Genesee & Wyoming Inc (NYSE: GWR), engaged in owning and operating short line and regional freight railroads and also providing related rail services, with a neutral rating assigning a 12-month price target of $101.00, indicating an upside of 14.0% from current levels.
Midstates Petroleum Co Inc (NYSE: MPO), engaged in the exploration and production of oil, was downgraded by Societe Generale to hold from buy by reducing its price target to $1.60 from $7.75, implying an upside potential of 1.3% from current levels.
