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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Cervus Equipment Corp | TSX | CVL | 19.70 | 303.4 | Upgrade to outperform from sector perform | Sara O’Brien | RBC Capital Markets | 23.00 | 16.8% |
| Vermilion Energy Inc | TSX | VET | 52.34 | 5,608.3 | Upgrade to sector outperform from sector perform | Jeremy Kaliel | CIBC World Markets | 69.00 | 31.8% |
| Rio Alto Mining Ltd | TSX | RIO | 3.30 | 1,096.3 | Initiate with sector perform | Stephen Parsons | National Bank Financial | 3.70 | 12.1% |
| Bombardier Inc | TSX | BBD/B | 2.89 | 5,132.0 | Downgrade to market perform from outperform | Steven P Hansen | Raymond James | 3.75 | 29.8% |
RBC Capital Markets upgraded Cervus Equipment Corp (TSX: CVL), engaged in acquiring and managing farm equipment dealerships in Western Canada, to outperform from sector perform by raising its price target to C$23.00 from C$20.00, indicating an upside potential of 16.8% from current levels.
Vermilion Energy Inc (TSX: VET), engaged in the exploration, development and production of oil and natural gas, was upgraded by CIBC World Markets to sector outperform from sector perform with a price target of C$69.00, indicating an upside of 31.8% from current levels.
Coverage on Rio Alto Mining Ltd (TSX: RIO), engaged in the development of La Arena gold / copper project, located in north central Peru, was initiated with a sector perform rating at National Bank Financial by assigning a 12-month price target of C$3.70, indicating an upside potential of 12.1% from current levels
Raymond James downgraded Bombardier Inc (TSX: BBD/B), engaged in the business of manufacturing transportation equipment, to market perform from outperform by reducing its price target to C$3.75 from C$4.50, indicating an upside of 29.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| SolarWinds Inc | NYSE | SWI | 49.92 | 3,775.81 | Upgrade to outperform from market perform | Daniel H Ives | FBR Capital Markets | 60.00 | 20.2% |
| Burlington Stores Inc | NYSE | BURL | 50.69 | 3,799.41 | Upgrade to buy from neutral | Ike Boruchow | Sterne Agee & Leach | 58.00 | 14.4% |
| Viper Energy Partners LP | NASDAQ | VNOM | 17.47 | 1,392.36 | Upgrade to buy from hold | Liam Kelly | GMP | 23.00 | 31.7% |
| RSP Permian Inc | NYSE | RSPP | 26.41 | 2,041.27 | Initiate with outperform | Mostafa Dahhane | Northland Securities Inc | 35.00 | 32.5% |
| BJ’s Restaurants Inc | NASDAQ | BJRI | 44.24 | 1,153.91 | Downgrade to hold from buy | Robert M Derrington | Wunderlich Securities | 50.00 | 13.0% |
FBR Capital Markets upgraded SolarWinds Inc (NYSE: SWI), engaged in the business of providing enterprise-class network management software, to outperform from market perform by increasing its price target to $60.00 from $48.00, indicating an upside of 20.2% from current levels.
Burlington Stores Inc (NYSE: BURL), engaged in the business of owning and operating clothing retail stores, was upgraded by Sterne Agee & Leach to buy from neutral by raising its price target to $58.00 from $50.00, indicating an upside potential of 14.4% from current levels.
GMP upgraded Viper Energy Partners LP (NASDAQ: VNOM), engaged in owning, acquiring, exploiting and developing oil and natural gas properties in North America, to buy from hold with a price target of $23.00, indicating an upside of 31.7% from current levels.
Northland Securities Inc initiated coverage on RSP Permian Inc (NYSE: RSPP), engaged in the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas, with an outperform rating assigning a 12-month price target of $35.00, indicating an upside of 32.5% from current levels.
BJ’s Restaurants Inc (NASDAQ: BJRI), engaged in the business of owning and operating restaurants, was downgraded by Wunderlich Securities to hold from buy by reducing its price target to $50.00 from $56.00, indicating an upside of 13.0% from current levels.
