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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Canyon Services Group Inc | TSX | FRC | 7.12 | 488.4 | Upgrade to hold from underweight | Neil Fonseca | EVA Dimensions | NA | NA |
| Biosyent Inc | TSXV | RX | 11.34 | 157.1 | Initiate with speculative buy | Scott Curtis | Cantor Fitzgerald | 13.25 | 16.8% |
| Rio Alto Mining Ltd | TSX | RIO | 3.39 | 1,126.2 | Initiate with buy | Kerry Smith | Haywood Securities Inc. | 4.25 | 25.4% |
| True Gold Mining Inc | TSXV | TGM | 0.20 | 77.8 | Downgrade to sector perform from sector outperform | Jeff Killeen | CIBC World Markets | 0.30 | 53.8% |
EVA Dimensions upgraded Canyon Services Group Inc (TSX: FRC), engaged in offering oil field services, to hold from underweight. The rating company did not provide target price for company’s stock.
Coverage on Biosyent Inc (TSXV: RX), engaged in acquiring or licensing the rights to pharmaceuticals and manages them through regulatory process, was initiated with a speculative buy rating at Cantor Fitzgerald by assigning a 12-month price target of C$13.25, indicating an upside potential of 16.8% from current levels.
Haywood Securities Inc. initiated coverage on Rio Alto Mining Ltd (TSX: RIO), engaged in the business of exploring minerals, with a buy rating assigning a 12-month price target of C$4.25, indicating an upside of 25.4% from current levels.
CIBC World Markets downgraded True Gold Mining Inc (TSXV: TGM), engaged in the exploration and development of gold, to sector perform from outperform by reducing its price target to C$0.30 from C$0.60, indicating an upside of 53.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Cree Inc | NASDAQ | CREE | 33.88 | 3,782.03 | Upgrade to overweight from equalweight | Harsh Kumar | Stephens Inc | 42.00 | 24.0% |
| Ashford Hospitality Trust Inc | NYSE | AHT | 10.5 | 939.16 | Upgrade to outperform from neutral | Ian C Weissman | Credit Suisse | 11.50 | 9.5% |
| Joy Global Inc | NYSE | JOY | 43.09 | 4,195.72 | Upgrade to outperform from market perform | Joel G Tiss | BMO Capital Markets | 60.00 | 39.2% |
| Fresh Market Inc/The | NASDAQ | TFM | 37.96 | 1,838.95 | Initiate with market perform | Jerry Gray | Cowen and Company | 41.00 | 8.0% |
| Gran Tierra Energy Inc | NYSE | GTE | 2.41 | 665.30 | Downgrade to hold from buy | Ian W Macqueen | Paradigm Capital Inc | 3.64 | 51.0% |
Stephens Inc upgraded Cree Inc (NASDAQ: CREE), engaged in developing and manufacturing lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency applications, to overweight from equal weight by raising its price target to $42.00 from $31.00, indicating an upside potential of 24.0% from current levels.
Ashford Hospitality Trust Inc (NYSE: AHT), engaged in the business of making investments in hospitality industry, was upgraded by Credit Suisse to outperform from neutral by increasing its price target to $11.50 from $11.33, indicating an upside potential of 9.5% from current levels.
BMO Capital Markets upgraded Joy Global Inc (NYSE: JOY), engaged in the business of manufacturing and marketing underground mining equipment and surface mining equipment, to outperform from market perform by raising its price target to $60.00 from $53.00, indicating an upside potential of 39.2% from current levels.
Cowen and Company initiated coverage on Fresh Market Inc/The (NASDAQ: TFM), engaged in the business of retailing food, with a market perform rating assigning a 12-month price target of $41.00, indicating an upside of 8.0% from current levels.
Gran Tierra Energy Inc (NYSE: GTE), engaged in the exploration and production of oil and gas, was downgraded by Paradigm Capital Inc to hold from buy by reducing its price target to $3.64 from $5.03, indicating an upside of 51.0% from current levels.
