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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| TECSYS Inc | TSX | TCS | 9.16 | 105.7 | Initiate with buy | Hubert Mak | Cormark Securities Inc. | 11.00 | 20% |
| Mountain Province Diamonds Inc | TSX | MPV | 5.03 | 680.1 | Initiate with buy | Dr Geordie Mark | Haywood Securities Inc. | 7.70 | 53% |
| Canaccord Genuity Group Inc | TSX | CF | 6.14 | 625.6 | Downgrade to underperform from sector perform | Geoffrey Kwan | RBC Capital Markets | 6.00 | -2% |
Coverage on TECSYS Inc (TSX: TCS), engaged in providing integrated, enterprise-wide distribution management software solutions and services to high-volume distribution operations in the supply chain management industry, was initiated with a buy rating at Cormark Securities Inc. by assigning a 12-month price target of C$11.00, indicating an upside potential of 20.0% from current levels.
Haywood Securities Inc. initiated coverage on Mountain Province Diamonds Inc (TRX: MPV), engaged in the exploration and development of diamond properties, with a buy rating assigning a 12-month price target of $7.70, indicating an upside of 53.0% from current levels.
RBC Capital Markets downgraded Canaccord Genuity Group Inc (TSX: CF), engaged in the business of providing financial services, to underperform from sector perform by reducing its price target to C$6.00 from C$8.50, indicating a downside of 2.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| ClickSoftware Technologies Ltd | NASDAQ | CKSW | 8.01 | 252.68 | Upgrade to buy from hold | Matt Blazei | Lake Street Capital Markets LLC | 11.00 | 37.3% |
| Wendy’s Co/The | NASDAQ | WEN | 11.02 | 4,025.24 | Upgrade to positive from neutral | Rachael Rothman | Susquehanna Financial Group | 13.00 | 18.0% |
| Polypore International Inc | NYSE | PPO | 47.69 | 2,129.52 | Upgrade to buy from hold | Theodore R O’Neill | Ascendiant Capital Markets | 60.00 | 25.8% |
| Cobalt International Energy Inc | NYSE | CIE | 8.89 | 3,667.45 | Initiate with hold | Jonathan Wolff | Jefferies | 9.00 | 1.2% |
| Powell Industries Inc | NASDAQ | POWL | 34.05 | 410.63 | Downgrade to hold from buy | Noelle C Dilts | Stifel | 54.00 | 58.6% |
Lake Street Capital Markets LLC upgraded ClickSoftware Technologies Ltd (NASDAQ: CKSW), engaged in providing software products and solutions for workforce management and optimization both for mobile and in-house resources, to buy from hold with a price target of $11.00, indicating an upside potential of 37.3% from current levels.
Wendy’s Co/The (NASDAQ: WEN), engaged in operating fast-food restaurants, was upgraded by Susquehanna Financial Group to positive from neutral by raising its price target to $13.00 from $12.00, indicating an upside potential of 18.0% from current levels.
Ascendiant Capital Markets upgraded Polypore International Inc (NYSE: PPO), engaged in developing, manufacturing and marketing specialized polymer-based membranes used in separation and filtration processes, to buy from hold by raising its price target to $60.00 from $48.00, indicating an upside potential of 25.8% from current levels.
Jefferies initiated coverage on Cobalt International Energy Inc (NYSE: CIE), engaged in the exploration and production of oil, with a hold rating assigning a 12-month price target of $9.00, indicating an upside of 1.2% from current levels.
Powell Industries Inc (NASDAQ: POWL), engaged in developing, designing, manufacturing and servicing custom engineered-to-order equipment and systems for the management and control of electrical energy and other critical processes, was downgraded by Stifel to hold from buy with a price target of $54.00, indicating an upside of 58.6% from current levels.
