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 | 5.00 | 600.8 | Upgrade to sector perform from sector underperform | Kevin Chiang | CIBC World Markets | 5.50 | 10.0% |
| Sierra Wireless Inc | TSX | SW | 46.39 | 1,478.4 | Upgrade to market perform from underperform | Steven Li | Raymond James | 46.55 | 0.3% |
| Imperial Metals Corp | TSX | III | 9.06 | 679.2 | Upgrade to buy from hold | Derek Macpherson | M Partners Inc | 13.50 | 49.0% |
| Engagement Labs Inc | TSXV | EL | 0.57 | 14.5 | Initiate with speculative buy | Gabriel Leung | Beacon Securities Ltd | 1.00 | 75.4% |
| Allied Properties Real Estate Investment Trust | TSX | AP-U | 39.70 | 3,068.1 | Downgrade to neutral from buy | Frederic Blondeau | Dundee Securities Corp | 40.50 | 2.0% |
CIBC World Markets upgraded Chorus Aviation Inc (TSX: CHR/B), engaged in operating regional airlines, to sector perform from sector underperform by raising its price target to C$5.50 from C$4.75, indicating an upside potential of 10.0% from current levels.
Sierra Wireless Inc (TSX: SW), engaged in the business of delivering wireless data communications equipment, was upgraded by Raymond James to market perform from underperform by increasing its price target to C$46.55 from C$43.85, indicating an upside potential of 0.3% from current levels.
M Partners Inc upgraded Imperial Metals Corp (TSX: III), engaged in the development and mining of copper, gold and molybdenum, to buy from hold by raising its price target to C$13.50 from C$8.75, indicating an upside potential of 49.0% from current levels
Coverage on Engagement Labs Inc (TSXV: EL), engaged in developing computer software and offering internet learning services, was initiated with a speculative buy rating at Beacon Securities Ltd by assigning a 12-month price target of C$1.00, indicating an upside potential of 75.4% from current levels.
Dundee Securities Corp downgraded Allied Properties Real Estate Investment Trust (TSX: AP-U), engaged in the business of making investments in office properties, to neutral from buy with a price target of C$40.50, indicating an upside of 2.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Deckers Outdoor Corp | NYSE | DECK | 68.96 | 2,388.49 | Upgrade to buy from neutral | Taposh Bari | Goldman Sachs | 90.00 | 30.5% |
| Iberiabank Corp | NASDAQ | IBKC | 57.89 | 1,936.46 | Upgrade to outperform from neutral | Bryce W Rowe | Robert W. Baird & Co | 67.00 | 15.7% |
| MB Financial Inc | NASDAQ | MBFI | 29.64 | 2,216.10 | Upgrade to buy from hold | Brad J Milsaps | Sandler O’Neill & Partners, LP | 33.00 | 11.3% |
| Tesoro Logistics LP | NYSE | TLLP | 56.06 | 4,491.86 | Initiate with buy | Daniel Schenk | MLV & Co | 70.00 | 24.9% |
| NuStar Energy LP | NYSE | NS | 62.49 | 4,867.10 | Downgrade to neutral from outperform | John D Edwards | Credit Suisse | 66.00 | 5.6% |
Goldman Sachs upgraded Deckers Outdoor Corp (NYSE: DECK), engaged in designing and marketing footwear and accessories, to buy from neutral with a price target of $90.00, indicating an upside potential of 30.5% from current levels.
Iberiabank Corp (NASDAQ: IBKC), engaged in the commercial banking business, was upgraded by Robert W. Baird & Co to outperform from neutral with a price target of $67.00, indicating an upside potential of 15.7% from current levels.
Sandler O’Neill & Partners, LP upgraded MB Financial Inc (NASDAQ: MBFI), engaged in offering commercial banking services to middle market businesses and individuals, to buy from hold with a price target of $33.00, indicating an upside potential of 11.3% from current levels.
MLV & Co initiated coverage on Tesoro Logistics LP (NYSE: TLLP), engaged in acquiring, owning, operating and developing crude oil and refined products logistics assets, with a buy rating assigning a 12-month price target of $70.00, indicating an upside of 24.9% from current levels.
NuStar Energy LP (NYSE: NS), engaged in transporting and storing crude oil and refined products, was downgraded by Credit Suisse to neutral from outperform with a price target of $66.00, indicating an upside of 5.6% from current levels.
