| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage | Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price | Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Canyon Services Group Inc | TSX | FRC | 11.85 | 13 | Upgrade to outperform from sector perform | Dan Macdonald | RBC Capital Markets | 16.00 | 35.0% |
| Industrial Alliance Insurance & Financial Services Inc | TSX | IAG | 46.04 | 9 | Initiate with sector perform | Darko Mihelic | RBC Capital Markets | 48.00 | 4.3% |
| Canadian Western Bank | TSX | CWB | 38.37 | 12 | Initiate with sector perform | Darko Mihelic | RBC Capital Markets | 40.00 | 4.2% |
| DIRTT Environmental Solutions | TSX | DRT | 2.70 | 1 | Initiate with outperform | Rupert M Merer | National Bank Financial | 3.75 | 38.9% |
| Toromont Industries Ltd | TSX | TIH | 26.13 | 11 | Downgrade to hold from buy | Cherilyn Radbourne | TD Securities | 28.00 | 7.2% |
RBC Capital Markets upgraded Canyon Services Group Inc (TSX: FRC), a provider of specialized stimulation services to exploring and producing (E&P) companies, to outperform from sector perform, increasing its price target to C$16.00 from C$13.00, indicating an upside of 35% from current levels.
Meanwhile, RBC initiated coverage on two financial services companies, Industrial Alliance Insurance & Financial Services Inc (TSX: IAG) and Canadian Western Bank (TSX: CWB), with sector perform rating assigning a 12-month price target of C$48.00 to IAG and C$40.00 to CWB. The target price indicates an upside potential of 4.3% for IAG and 4.2% for CWB from their current levels.
Analyst Rupert M Merer at National Bank Financial initiated coverage on DIRTT Environmental Solutions (TSX: DRT), a manufacturer of interior space solutions, with an outperform rating assigning a 12-month price target of C$3.75, indicating an upside of 38.9% from current levels.
TD Securities downgraded Toromont Industries Ltd (TSX: TIH), engaged in selling, renting and providing services to the Caterpillar construction equipment and power systems, to hold from buy with a price target of C$28.00, indicating an upside of 7.2% from current levels.
| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price | Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Maxim Integrated Products Inc | NASDAQ | MXIM | 28.73 | 28 | Upgrade to outperform from market perform | Ambrish Srivastava | BMO Capital Markets | 33.00 | 14.9% |
| Cadence Design Systems Inc | NASDAQ | CDNS | 14.17 | 11 | Upgrade to buy from hold | Richard F Valera | Needham & Co | 16.00 | 12.9% |
| Zillow Inc | NASDAQ | Z | 81.88 | 15 | Upgrade to outperform from sector perform | Mark S Mahaney | RBC Capital Markets | 100.00 | 22.1% |
| Trina Solar Ltd | NYSE | TSL | 15.35 | 18 | Initiate with buy | Joseph Fong | Jefferies | 23.10 | 50.5% |
| Moog Inc | NYSE | MOG/A | 66.95 | 8 | Downgrade to sector perform from outperform | Steven Cahall | RBC Capital Markets | 70.00 | 4.6% |
BMO Capital Markets upgraded Maxim Integrated Products Inc (NASDAQ: MXIM), engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, commonly referred to as analog circuits, to outperform from market perform, increasing its price target to $33.00 from $26.00, indicating an upside potential of 14.9% from current levels.
Cadence Design Systems Inc (NASDAQ: CDNS), a developer of electronic design automation (EDA), software, hardware, and silicon intellectual property (IP), was upgraded to buy from hold at Needham & Co with a price target of $16.00, indicating an upside of 12.9% from current levels.
RBC Capital Markets upgraded Zillow Inc (NASDAQ: Z), a provider of real estate and home-related information, to outperform from sector perform increasing its price target to $100.00 from $90.00, indicating an upside of 22.1% from current levels.
However, RBC downgraded Moog Inc (NYSE: MOG/A), a designer, manufacturer and integrator of precision motion and fluid controls and systems for a range of applications in aerospace and defense and industrial markets, to sector perform from outperform with a price target of $70.00, indicating an upside of 4.6% from current levels.
Jefferies initiated coverage on Trina Solar Ltd (NYSE: TSL), an integrated solar power products manufacturer based in China with a global distribution network, with a buy rating assigning a 12-month price target of $23.10, indicating an upside of 50.5% from current levels.
