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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| B2Gold Corp | TSX | BTO | 2.61 | 2,395.0 | Upgrade to buy from hold | Jamie Spratt | Clarus Securities | 3.25 | 24.5% |
| Home Capital Group Inc | TSX | HCG | 41.80 | 2,930.3 | Upgrade to buy from hold | Graham Ryding | TD Securities | 51.00 | 22.0% |
| Northland Power Inc | TSX | NPI | 16.64 | 2,466.0 | Upgrade to outperform from market perform | Benjamin Pham | BMO Capital Markets | 19.50 | 17.2% |
| Falco Resources Ltd | TSXV | FPC | 0.53 | 49.8 | Initiate with speculative buy | Jay Turner | Pope & Co Limited | 1.10 | 107.5% |
| Gear Energy Ltd | TSX | GXE | 1.87 | 132.4 | Downgrade to hold from buy | Darrell Bishop | Haywood Securities Inc. | 3.00 | 60.4% |
Clarus Securities upgraded B2Gold Corp (TSX: BTO), engaged in the exploration and production of gold, to buy from hold with a price target of C$3.25, indicating an upside potential of 24.5% from current levels.
Home Capital Group Inc (TSX: HCG), engaged in offering deposit, mortgage lending and credit card issuing services, was upgraded by TD Securities to buy from hold with a price target of C$51.00, indicating an upside potential of 22.0% from current levels.
BMO Capital Markets upgraded Northland Power Inc (TSX: NPI), engaged in producing electricity from clean natural gas and renewable energy sources, such as solar, wind and biomass, to outperform from market perform with a price target of C$19.50, indicating an upside potential of 17.2% from current levels.
Coverage on Falco Resources Ltd (TSXV: FPC), engaged in acquiring and mining copper-zinc volcanogenic massive sulphide deposits in Canada, was initiated with a speculative buy rating at Pope & Co Limited by assigning a 12-month price target of C$1.10, indicating an upside potential of 107.5% from current levels.
Haywood Securities Inc. downgraded Gear Energy Ltd (TSX: GXE), engaged in providing oil exploration and production services, to hold from buy by reducing its price target to C$3.00 from C$3.70, indicating an upside of 60.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| AMC Networks Inc | NASDAQ | AMCX | 66.84 | 4,819.82 | Upgrade to buy from neutral | Anthony J Diclemente | Nomura | 80.00 | 19.7% |
| Toro Co/The | NYSE | TTC | 65.43 | 3,648.29 | Upgrade to buy from neutral | Robert A Kosowsky | Sidoti & Company LLC | 81.00 | 23.8% |
| Webster Financial Corp | NYSE | WBS | 31.38 | 2,831.92 | Upgrade to buy from hold | Mark Fitzgibbon | Sandler O’Neill & Partners, LP | 33.00 | 5.2% |
| SM Energy Co | NYSE | SM | 35.83 | 2,415.14 | Initiate with neutral | Biju Perincheril | Susquehanna Financial Group | 40.00 | 11.6% |
| Aspen Technology Inc | NASDAQ | AZPN | 32.25 | 2,917.70 | Downgrade to underweight from neutral | Sterling Auty | JPMorgan | 36.00 | 11.6% |
Nomura upgraded AMC Networks Inc (NASDAQ: AMCX), engaged in creating and managing a variety of cable channels, to buy from neutral by raising its price target to $80.00 from $70.00, indicating an upside potential of 19.7% from current levels.
Toro Co/The (NYSE: TTC), engaged in designing, manufacturing and marketing a range of turf equipment, was upgraded by Sidoti & Company LLC to buy from neutral by increasing its price target to $81.00 from $80.00, indicating an upside potential of 23.8% from current levels.
Sandler O’Neill & Partners, LP upgraded Webster Financial Corp (NYSE: WBS), engaged in providing a wide range of financial services to individuals, families and businesses throughout southern New England and eastern New York State through its subsidiary, to buy from hold by raising its price target to $33.00 from $32.00, indicating an upside potential of 5.2% from current levels.
Susquehanna Financial Group initiated coverage on SM Energy Co (NYSE: SM), engaged in the exploration and production of natural gas and crude oil, with a neutral rating assigning a 12-month price target of $40.00, indicating an upside of 11.6% from current levels.
Aspen Technology Inc (NASDAQ: AZPN), engaged in supplying software products and services for the analysis, design and automation of process manufacturing facilities, was downgraded by JPMorgan to underweight from neutral by reducing its price target to $36.00 from $46.50, indicating an upside of 11.6% from current levels.
