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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Chorus Aviation Inc | TSX | CHR/B | 5.17 | 621.5 | Upgrade to buy from sell | David Tyerman | Canaccord Genuity Corp | 5.50 | 6.4% |
| Conifex Timber Inc | TSX | CFF | 6.77 | 141.6 | Upgrade to outperform from market perform | Daryl Swetlishoff | Raymond James | 9.00 | 32.9% |
| Absolute Software Corp | TSX | ABT | 8.05 | 353.9 | Initiate with buy | Massimo Voci | Haywood Securities Inc. | 10.50 | 30.4% |
| Temple Hotels Inc | TSX | TPH | 2.67 | 108.9 | Downgrade to market perform from buy | Hilda Maraachlian | Cormark Securities Inc. | 3.25 | 21.7% |
| Pacific Rubiales Energy Corp | TSX | PRE | 4.21 | 1,330.8 | Downgrade to hold from buy | Bill Newman | Mackie Research Capital Corp. | 5.75 | 36.6% |
Canaccord Genuity Corp upgraded Chorus Aviation Inc (TSX: CHR/B), a Canada-based holding company providing airline services throughout Canada through its operating subsidiary, Jazz Aviation LP (Jazz), to buy from sell, raising the price target to C$5.50 from C$3.25, an upside of 6.4% from current levels.
Conifex Timber Inc (TSX: CFF), a Canada-based softwood forest products company was upgraded at Raymond James, to outperform from market perform, raising the price target to C$9.00 from C$7.00, an upside of 32.9% from current levels.
Haywood Securities Inc. initiated coverage on Absolute Software Corp (TSX: ABT), engaged in the discovery, development, manufacture and sale of healthcare products., with buy assigning a 12-month price target of C$10.50, an upside of 30.4% from current levels.
Cormark Securities Inc. downgraded Temple Hotels Inc (TSX: TPH), engaged in the acquisition and development of income-producing hotel properties and the active management of the acquired/developed properties, to market perform from buy, reducing the price target to C$3.25 from C$6.25, an upside of 21.7% from current levels.
Pacific Rubiales Energy Corp (TSX: PRE), a producer and seller of natural gas and heavy crude oil was downgraded at Mackie Research Capital Corp. to hold from buy, reducing the price target to C$5.75 from C$14.00, an upside of 36.6% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Endurance Specialty Holdings Ltd | NYSE | ENH | 59.59 | 2,667.12 | Upgrade to outperform from neutral | Amit Kumar | Macquarie | 70.00 | 17.5% |
| Fresh Market Inc/The | NASDAQ | TFM | 37.26 | 1,805.04 | Upgrade to overweight from neutral | Kenneth Goldman | JPMorgan | 44.00 | 18.1% |
| Windstream Holdings Inc | NASDAQ | WIN | 8.45 | 5,094.23 | Initiate with buy | Team Coverage | Spin-Off Research | 11.00 | 30.2% |
| WR Berkley Corp | NYSE | WRB | 48.87 | 6,202.07 | Downgrade to underperform from neutral | Amit Kumar | Macquarie | 43.00 | -12.0% |
| Valspar Corp/The | NYSE | VAL | 84.82 | 6,950.14 | Downgrade to neutral from outperform | Ghansham Panjabi | Robert W. Baird & Co | 90.00 | 6.1% |
Macquarie upgraded Endurance Specialty Holdings Ltd (NYSE: ENH), a holding company operating through subsidiaries in the underwriting specialty lines of personal and commercial property and casualty insurance and reinsurance on a global basis, to outperform from neutral, raising the price target to $70.00 from $54.00, an upside of 17.5% from current levels.
Fresh Market Inc (NASDAQ: TFM ), a specialty retailer focused on perishable product categories including meat, seafood, produce, deli, bakery, floral, sushi and prepared foods, was upgraded at JPMorgan, to overweight from neutral with a price target of $44.00, an upside of 18.1% from current levels.
Spin-Off Research initiated coverage on Windstream Holdings Inc (NASDAQ: WIN), a provider of advanced communications and technology solutions including cloud computing and managed services, to business nationwide, with buy. However, the target price was reduced to $11.00 from $21.00, an upside of 30.2% from current levels.
Macquarie downgraded WR Berkley Corp (NYSE: WRB), an insurance holding company operating in the four segments of the property casualty insurance business: Specialty, Regional, Alternative Markets, Reinsurance and International. Specialty includes excess and surplus lines and admitted specialty lines, to underperform from neutral, reducing the price target to $43.00 from $46.00, a downside of 12.0% from current levels.
Valspar Corp/The (NYSE: VAL ), engaged in the paint and coatings business, was downgraded at Robert W. Baird & Co to neutral from outperform with a price target of $90.00, an upside of 6.1% from current levels.
