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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Amica Mature Lifestyles Inc | TSX | ACC | 6.93 | 213.5 | Upgrade to buy from neutral | Yashwant Sankpal | Dundee Securities Corp | 8.00 | 15.4% |
| Tweed Marijuana Inc | TSXV | TWD | 2.07 | 84.1 | Initiate with buy | Daniel Pearlstein | M Partners Inc | 1.22 | -41.1% |
| Xcite Energy Ltd | TSXV | XEL | 0.64 | 198.4 | Downgrade to hold from buy | Sam Wahab | Cantor Fitzgerald | 0.65 | 1.6% |
| Cogeco Inc | TSX | CGO | 59.77 | 1,006.1 | Downgrade to hold from buy | Vince Valentini | TD Securities | 74.00 | 23.8% |
Dundee Securities Corp upgraded Amica Mature Lifestyles Inc (TSX: ACC), engaged in the design, development, marketing, management and ownership of luxury seniors’ residences in Canada, to buy from neutral, raising the price target to C$8.00 from C$7.50, an upside of 15.4% from current levels.
M Partners Inc initiated coverage on Tweed Marijuana Inc (TSXV: TWD), a Canada-based company, operating through its wholly owned subsidiary, Tweed, which is a licensed producer of medical marijuana in Canada, with buy assigning a 12-month price target of C$1.22, a downside of 41.1% from current levels.
Cantor Fitzgerald downgraded Xcite Energy Ltd (TSXV: XEL), a heavy oil appraisal and development company with interests in six blocks in the United Kingdom North Sea, all of which are held with 100% working interests through its wholly owned subsidiary, to hold from buy, reducing the price target to C$0.65 from C$3.06, an upside of 1.6% from current levels.
Cogeco Inc (TSX: CGO), a diversified holding corporation which operates in two segments: Cable and other through its subsidiaries, was downgraded at TD Securities to hold from buy, reducing the price target to C$74.00 from C$77.00, an upside of 23.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Copa Holdings SA | NYSE | CPA | 105.64 | 4,686.10 | Upgrade to outperform from market perform | John G Larkin | Itau BBA Securities | 135.00 | 27.8% |
| Genesee & Wyoming Inc | NYSE | GWR | 82.47 | 4,443.45 | Upgrade to hold from buy | Kenneth Goldman | Stifel | 99.00 | 20.0% |
| Crane Co | NYSE | CR | 54.05 | 3,188.09 | Initiate with hold | Ken Herbert | Canaccord Genuity Corp | 65.00 | 20.3% |
| Ingredion Inc | NYSE | INGR | 82.77 | 5,948.10 | Downgrade to sell/neutral from neutral/neutral | Adam Samuelson | Goldman Sachs | 73.00 | -11.8% |
| DDR Corp | NYSE | DDR | 19.41 | 6,996.50 | Downgrade to neutral from overweight | Michael W Mueller | JPMorgan | 20.00 | 3.0% |
Itau BBA Securities upgraded Copa Holdings SA (NYSE: CPA), a Latin American provider of airline passenger and cargo service through its two principal operating subsidiaries, Copa Airlines and Copa Colombia, to outperform from market perform, raising the price target to $135.00 from $125.00, an upside of 27.8% from current levels.
Genesee & Wyoming Inc (NYSE: GWR), owner and operator of short line and regional freight railroads and provides railcar switching and other rail-related services in the U.S., Australia, Canada, the Netherlands and Belgium, was upgraded at Stifel, to hold from buy, raising the price target to $99.00 from $96.00, an upside of 20.0% from current levels.
Canaccord Genuity Corp initiated coverage on Crane Co (NYSE: CR), a diversified manufacturer of engineered industrial products, which operates in five segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls., with hold, raising the price target to $65.00 from $21.00, an upside of 20.3% from current levels.
Goldman Sachs downgraded Ingredion Inc (NYSE: INGR), a global manufacturer and supplier of starch and sweetener ingredients to a range of industries, including packaged food, beverage, brewing and industrial customers, to sell/neutral from neutral/neutral, reducing the price target to $73.00 from $74.00, a downside of 11.8% from current levels.
DDR Corp (NYSE: DDR), a self-administered and self-managed real estate investment trust (REIT), engaged in acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers, was downgraded at JPMorgan to neutral from overweight with a price target of $20.00, an upside of 3.0% from current levels.
