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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Clearwater Seafoods Inc | TSX | CLR | 11.15 | 613.0 | Upgrade to buy from hold | Michael Mills | Beacon Securities Ltd | 14.50 | 30.0% |
| Wanted Technologies Corp | TSXV | WAN | 1.30 | 32.3 | Initiate with buy | Andrej Krneta | Euro Pacific Canada Inc | 1.80 | 38.5% |
| AirBoss of America Corp | TSX | BOS | 11.81 | 270.2 | Initiate with outperform | Chris Bowes | National Bank Financial | 14.50 | 22.8% |
| LGX OIL + GAS INC | TSXV | OIL | 0.18 | 15.5 | Downgrade to hold from buy | Grant Daunheimer | GMP | 0.25 | 42.9% |
Beacon Securities Ltd upgraded Clearwater Seafoods Inc (TSX: CLR), engaged in the business of distributing shellfish and seafood, to buy from hold by raising its price target to C$14.50 from C$11.50, indicating an upside potential of 30.0% from current levels.
Coverage on Wanted Technologies Corp (TSXV: WAN), engaged in providing on-demand business intelligence solutions for the media industry, was initiated with a buy rating at Euro Pacific Canada Inc, assigning a 12-month price target of C$1.80, indicating an upside potential of 38.5% from current levels.
National Bank Financial initiated coverage on AirBoss of America Corp (TSX: BOS), engaged in developing, manufacturing and selling proprietary rubber based products, with an outperform rating assigning a 12-month price target of C$14.50, indicating an upside of 22.8% from current levels.
GMP downgraded LGX OIL + GAS INC (TSXV: OIL), engaged in the acquisition, exploration, development and production of oil and gas properties, to hold from buy by reducing its price target to C$0.25 from C$0.65, indicating an upside of 42.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Autohome Inc | NYSE | ATHM | 35.93 | 3,944.21 | Upgrade to neutral from underperform | Evan Zhou | Credit Suisse | 39.50 | 9.9% |
| Avery Dennison Corp | NYSE | AVY | 51.66 | 4,706.28 | Upgrade to neutral from underperform | John P McNulty | Credit Suisse | 58.00 | 12.3% |
| Targa Resources Corp | NYSE | TRGP | 96.11 | 4,050.41 | Upgrade to overweight from hold | Rebecca G Followill | US Capital Advisors | 115.00 | 19.7% |
| Zillow Inc | NASDAQ | Z | 96.94 | 3,941.57 | Initiate with market perform | Thomas Champion | Cowen and Company | 106.00 | 9.3% |
| PerkinElmer Inc | NYSE | PKI | 42.66 | 4,818.98 | Downgrade to neutral from overweight | Tycho W Peterson | JPMorgan | 45.00 | 5.5% |
Credit Suisse upgraded Autohome Inc (NYSE: ATHM), engaged in the business of delivering comprehensive, independent and interactive content to automobile buyers and owners, to neutral from underperform with a price target of $39.50, indicating an upside of 9.9% from current levels.
Avery Dennison Corp (NYSE: AVY), engaged in the production of pressure-sensitive materials, a range of tickets, tags, labels and other converted products, was upgraded by Credit Suisse to neutral from under perform by raising its price target to $58.00 from $53.00, indicating an upside of 12.3% from current levels.
US Capital Advisors upgraded Targa Resources Corp (NYSE: TRGP), engaged in owning general and limited partner interests in a limited partnership that provides midstream natural gas and natural gas liquid services, to overweight from hold by raising its price target to $115.00 from $114.00, indicating an upside of 19.7% from current levels.
Cowen and Company initiated coverage on Zillow Inc (NASDAQ: Z), engaged in the business of providing e-commerce services, with a market perform rating assigning a 12-month price target of $106.00, indicating an upside of 9.3% from current levels.
PerkinElmer Inc (NYSE: PKI), engaged in providing products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets, was downgraded by JPMorgan to neutral from overweight by reducing its price target to $45.00 from $51.00, indicating an upside of 5.5% from current levels.
