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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Sterling Resources Ltd | TSXV | SLG | 0.22 | 81.9 | Initiate with buy | Thomas Aarrestad | Pareto Securities | 0.35 | 62.8% |
| Trinidad Drilling Ltd | TSX | TDG | 4.49 | 606.9 | Downgrade to market perform from outperform | Marc Bianchi | Cowen and Company | 5.00 | 11.4% |
Coverage on Sterling Resources Ltd (TSXV: SLG), engaged in the exploration, development and production of crude oil and natural gas, was initiated with a buy rating at Pareto Securities by assigning a 12-month price target of C$0.35, indicating an upside potential of 62.8% from current levels.
Cowen and Company downgraded Trinidad Drilling Ltd (TSX: TDG), engaged in designing, building and operating drilling rigs, to market perform from outperform by reducing its price target to C$5.00 from C$8.00, indicating an upside of 11.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Hexcel Corp | NYSE | HXL | 44.8 | 4,274.05 | Upgrade to neutral from sell | David E Strauss | UBS | 47.00 | 4.9% |
| Iconix Brand Group Inc | NASDAQ | ICON | 35.41 | 1,698.81 | Upgrade to buy from hold | Liz Pierce | Brean Capital LLC | 42.00 | 18.6% |
| Wendy’s Co/The | NASDAQ | WEN | 10.91 | 3,985.06 | Upgrade to overweight from equalweight | Will Slabaugh | Stephens Inc | 13.00 | 19.2% |
| Otonomy Inc | NASDAQ | OTIC | 30.97 | 734.71 | Initiate with buy | Edward H Nash | SunTrust Robinson Humphrey | 47.00 | 51.8% |
| Calix Inc | NYSE | CALX | 8.67 | 443.23 | Downgrade to neutral from buy | Doug Clark | Goldman Sachs | 10.00 | 15.3% |
UBS upgraded Hexcel Corp (NYSE: HXL), engaged in developing, manufacturing and marketing reinforcement products, composite materials and engineered products, to neutral from sell by raising its price target to $47.00 from $41.00, indicating an upside potential of 4.9% from current levels.
Iconix Brand Group Inc (NASDAQ: ICON), engaged in licensing its brand names to retailers and manufacturers throughout the world, was upgraded by Brean Capital LLC to buy from hold with a price target of $42.00, indicating an upside potential of 18.6% from current levels.
Stephens Inc upgraded Wendy’s Co/The (NASDAQ: WEN), engaged in operating fast-food restaurants, to overweight from equal weight by raising its price target to $13.00 from $9.50, indicating an upside potential of 19.2% from current levels.
SunTrust Robinson Humphrey initiated coverage on Otonomy Inc (NASDAQ: OTIC), engaged in the development and commercialization of therapeutics for the treatment of diseases and disorders of the inner and middle ear, with a buy rating assigning a 12-month price target of $47.00, indicating an upside of 51.8% from current levels.
Calix Inc (NYSE: CALX), engaged in providing communications access systems and software, was downgraded by Goldman Sachs to neutral from buy by reducing its price target to $10.00 from $13.00, indicating an upside of 15.3% from current levels.
