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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Pengrowth Energy Corp | TSX | PGF | 3.42 | 1,819.8 | Upgrade to overweight from equalweight | Grant Hofer | Barclays | 3.75 | 9.6% |
| Trilogy Energy Corp | TSX | TET | 7.19 | 941.8 | Upgrade to overweight from hold | Neil Fonseca | EVA Dimensions | NA | NA |
| Pacific Rubiales Energy Corp | TSX | PRE | 6.08 | 1,921.9 | Downgrade to underperform from buy | Cesar Cuervo | Credicorp Capital | 5.40 | -11.2% |
| Canacol Energy Ltd | TSX | CNE | 2.24 | 241.5 | Downgrade to underperform from buy | Cesar Cuervo | Credicorp Capital | 2.70 | 20.5% |
Barclays upgraded Pengrowth Energy Corp (TSX: PGF), engaged in the development, production, acquisition and exploration of oil and natural gas reserves in the provinces of Alberta, British Columbia, Saskatchewan, Ontario and Nova Scotia, to overweight from equal weight with a price target of C$3.75, indicating an upside potential of 9.6% from current levels.
Trilogy Energy Corp (TSX: TET), engaged in the business of acquiring, developing, producing and selling natural gas, crude oil and natural gas liquids, was upgraded by EVA Dimensions. The rating company has not provided ant target price for the stock.
Pacific Rubiales Energy Corp (TSXV: PRE), engaged in the business of producing and selling of natural gas and heavy crude oil, was downgraded by Credicorp Capital to underperform from buy by assigning a price target to C$5.40, indicating a downside of 11.2% from current levels.
Credicorp Capital downgraded Canacol Energy Ltd (TSX: CNE), engaged in petroleum and natural gas exploration and development activities in Colombia, Brazil, Ecuador and Guyana, to underperform from buy by reducing its price target to C$2.70 from C$6.15, indicating an upside of 20.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| MSC Industrial Direct Co Inc | NYSE | MSM | 74.37 | 4,601.44 | Upgrade to outperform from neutral | David J Manthey | Robert W. Baird & Co | 96.00 | 29.1% |
| Veeva Systems Inc | NYSE | VEEV | 28.39 | 3,707.59 | Upgrade to buy from hold | Tom Roderick | Stifel | 36.00 | 26.8% |
| Gaming and Leisure Properties Inc | NASDAQ | GLPI | 29.51 | 3,318.31 | Upgrade to overweight from neutral | Joseph R Greff | JPMorgan | 34.00 | 15.2% |
| Sally Beauty Holdings Inc | NYSE | SBH | 30.63 | 4,836.47 | Initiate with neutral | Simeon A Siegel | Nomura | 32.00 | 4.5% |
| Alpha Natural Resources Inc | NYSE | ANR | 1.34 | 296.91 | Downgraded to sectorperform from sector outperform | Holly Stewart | Howard Weil Inc | 3.00 | 123.9% |
Robert W. Baird & Co upgraded MSC Industrial Direct Co Inc (NYSE: MSM), engaged in direct marketing and distribution of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the U.S., to outperform from neutral with a price target of $96.00, indicating an upside of 29.1% from current levels.
Veeva Systems Inc (NYSE: VEEV), engaged in the business of providing industry-specific, cloud-based software solutions for the life sciences industry, was upgraded by Stifel to buy from hold with a price target of $36.00, indicating an upside of 26.8% from current levels.
JPMorgan upgraded Gaming and Leisure Properties Inc (NASDAQ: GLPI), engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements, to overweight from neutral by increasing its price target to $34.00 from $31.00, indicating an upside of 15.2% from current levels.
Nomura initiated coverage on Sally Beauty Holdings Inc (NYSE: SBH), an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe, with a neutral rating assigning a 12-month price target of $32.00, indicating an upside of 4.5% from current levels.
Alpha Natural Resources Inc (NYSE: ANR), engaged in the business of supplying and distributing of metallurgical coals for use in the steel-making process and also a supplier of thermal coal to electric utilities and manufacturing industries, was downgraded by Howard Weil Inc to sector perform from sector outperform by reducing its price target to $3.00 from $3.50, indicating an upside of 123.9% from current levels.
