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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Valeura Energy Inc | TSX | VLE | 0.52 | 30.1 | Upgrade to outperform from market perform | Darren B Engels | FirstEnergy Capital Corp | 0.90 | 73.1% |
| UEX Corp | TSX | UEX | 0.29 | 67.0 | Upgrade to outperform from market perform | David Sadowski | Raymond James | 0.70 | 145.6% |
| Uranium Participation Corp | TSX | U | 5.15 | 601.9 | Upgrade to outperform from market perform | David Sadowski | Raymond James | 6.00 | 16.5% |
| QHR Corp | TSXV | QHR | 1.23 | 61.2 | Initiate with buy | Gabriel Leung | Beacon Securities Ltd | 1.75 | 42.3% |
| Alexco Resource Corp | TSX | AXR | 0.65 | 45.2 | Downgrade to hold from speculative buy | John Kratochwil | Canaccord Genuity Corp | 0.70 | 7.7% |
FirstEnergy Capital Corp upgraded Valeura Energy Inc (TSX: VLE), engaged in the exploration, development and production of petroleum and natural gas in Turkey and Western Canada, to outperform from market perform by increasing its price target to C$0.90 from C$0.80, indicating an upside potential of 73.1% from current levels.
UEX Corp (TSX: UEX), engaged in the acquisition, exploration and development of uranium properties, was upgraded by Raymond James to outperform from market perform with a price target of C$0.70, indicating an upside of 145.6% from current levels.
Raymond James upgraded Uranium Participation Corp (TSX: U), engaged in the business of making investments in uranium oxide concentrates or uranium hexafluoride with the objective of achieving appreciation in the value, to outperform from market perform by increasing its price target to C$6.00 from C$5.50, indicating an upside potential of 16.5% from current levels.
Beacon Securities Ltd initiated coverage on QHR Corp (TSXV: QHR), engaged in the business of offering healthcare electronic medical record (EMR), billing and scheduling software and data hosting solutions, with a buy rating assigning a 12-month price target of C$1.75, indicating an upside of 42.3% from current levels.
Canaccord Genuity Corp downgraded Alexco Resource Corp (TSX: AXR), engaged in the business of mining, exploring and developing its mineral properties, to hold from speculative buy by reducing its price target to C$0.70 from C$1.10, indicating an upside of 7.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| American Eagle Outfitters Inc | NYSE | AEO | 13.85 | 2,693.70 | Upgrade to market perform from underperform | Dana Telsey | Telsey Advisory Group | 15.00 | 8.3% |
| Diamond Resorts International Inc | NYSE | DRII | 28.08 | 2,124.55 | Upgrade to buy from neutral | Steven Kent | Goldman Sachs | 34.50 | 22.9% |
| Advanced Energy Industries Inc | NASDAQ | AEIS | 23.8 | 954.30 | Upgrade to buy from hold | Edwin Mok | Needham & Co | 26.00 | 9.2% |
| Contango Oil & Gas Co | NYSE | MCF | 26.03 | 504.34 | Initiate with buy | Glenn Williams Jr | National Securities | 44.00 | 69.0% |
| E2open Inc | NASDAQ | EOPN | 5.65 | 165.65 | Downgrade to hold from buy | Mark W Schappel | Benchmark Company LLC | 6.00 | 6.2% |
Telsey Advisory Group upgraded American Eagle Outfitters Inc (NYSE: AEO), a specialty retailer that operates in the U.S. and Canada, to market perform from underperform by increasing its price target to $15.00 from $13.00, indicating an upside of 8.3% from current levels.
Diamond Resorts International Inc (NYSE: DRII), engaged in doing business in the hospitality and vacation ownership industry, was upgraded by Goldman Sachs to buy from neutral by increasing its price target to $34.50 from $27.00, indicating an upside potential of 22.9% from current levels.
Needham & Co upgraded Advanced Energy Industries Inc (NASDAQ: AEIS), engaged in designing, manufacturing, selling and supporting power conversion products that transform power into various usable forms, to buy from hold with a price target of $26.00, indicating an upside of 9.2% from current levels.
National Securities initiated coverage on Contango Oil & Gas Co (NYSE: MCF), engaged in the exploration and acquisition of oil and gas properties, with a buy rating assigning a 12-month price target of $44.00, indicating an upside potential of 69.0% from current levels.
E2open Inc (NASDAQ: EOPN), engaged in the business of providing cloud-based, on-demand software solutions, was downgraded by Benchmark Company LLC to hold from buy by reducing its price target to $6.00 from $27.00, indicating an upside of 6.2% from current levels.
