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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| DH Corp | TSX | DH | 37.52 | 3,241.8 | Upgrade to outperform from sector perform | Geoffrey Kwan | RBC Capital Markets | 44.00 | 17.3% |
| Valeura Energy Inc | TSX | VLE | 0.56 | 32.4 | Initiate with buy | David Dudlyke | Dundee Securities Corp | 0.90 | 60.7% |
| Savaria Corp | TSX | SIS | 4.50 | 133.0 | Initiate with buy | Hilda Maraachlian | Cormark Securities Inc. | 5.00 | 11.1% |
| North Sea Energy Inc | TSXV | NUK | 0.04 | 2.1 | Downgrade to hold from buy | John Meyer | SP Angel | 0.48 | 1271.4% |
RBC Capital Markets upgraded DH Corp (TSX: DH), engaged in offering technology and technology based services to financial institutions in North America, to outperform from sector perform by raising its price target to C$44.00 from C$39.00, indicating an upside potential of 17.3% from current levels.
Coverage on Valeura Energy Inc (TSX: VLE), engaged in the exploration, development and production of petroleum and natural gas in Turkey, was initiated with a buy rating at Dundee Securities Corp by assigning a 12-month price target of C$0.90, indicating an upside potential of 60.7% from current levels.
Cormark Securities Inc. initiated coverage on Savaria Corp (TSX: SIS), engaged in designing, manufacturing and distributing equipment that facilitates the mobility of people with special needs, with a buy rating assigning a 12-month price target of C$5.00, indicating an upside of 11.1% from current levels.
SP Angel downgraded North Sea Energy Inc (TSXV: NUK), engaged in the exploration of oil and gas, to hold from buy by reducing its price target to C$0.48 from C$0.72, indicating an upside of 1271.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| SM Energy Co | NYSE | SM | 49.61 | 3,343.98 | Upgrade to buy from hold | Michael S Scialla | Stifel | 55.00 | 10.9% |
| Tenet Healthcare Corp | NYSE | THC | 44.19 | 4,343.00 | Upgrade to outperform from market perform | Jennifer Lynch | BMO Capital Markets | 50.00 | 13.1% |
| SouFun Holdings Ltd | NYSE | SFUN | 6.38 | 2,633.80 | Upgrade to overweight from neutral | Alex Yao | JPMorgan | 8.50 | 33.2% |
| Gran Tierra Energy Inc | NYSE | GTE | 2.54 | 701.19 | Initiate with neutral | David Dudlyke | Dundee Securities Corp | 4.91 | 93.3% |
| Stratasys Ltd | NASDAQ | SSYS | 57.36 | 2,920.93 | Downgrade to neutral from overweight | Paul T Coster | JPMorgan | 60.00 | 4.6% |
Stifel upgraded SM Energy Co (NYSE: SM), engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids, to buy from hold with a price target of $55.00, indicating an upside potential of 10.9% from current levels.
Tenet Healthcare Corp (NYSE: THC), engaged in owning and operating general hospitals and related health care facilities serving communities in the U.S., was upgraded by BMO Capital Markets to outperform from market perform with a price target of $50.00, indicating an upside potential of 13.1% from current levels.
JPMorgan upgraded SouFun Holdings Ltd (NYSE: SFUN), engaged in operating a real estate internet portal in China, to overweight from neutral with a price target of $8.50, indicating an upside potential of 33.2% from current levels.
Dundee Securities Corp initiated coverage on Gran Tierra Energy Inc (NYSE: GTE), engaged in the acquisition, exploration, development and production of oil and gas, with a neutral rating assigning a 12-month price target of $4.91, indicating an upside of 93.3% from current levels.
Stratasys Ltd (NASDAQ: SSYS), engaged in manufacturing three-dimensional printers, was downgraded by JPMorgan to neutral from overweight by reducing its price target to $60.00 from $113.00, indicating an upside of 4.6% from current levels.
