| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Alexco Resource Corp | TSX | AXR | 1.17 | 73.2 | Upgrade to speculative buy from hold | John Kratochwil | Canaccord Genuity Corp | 1.60 | 36.8% |
| Alacer Gold Corp | TSX | ASR | 2.64 | 766.5 | Upgrade to outperform from market perform | Phil Russo | Raymond James | 4.00 | 51.5% |
| Cardiome Pharma Corp | TSX | COM | 7.55 | 124.7 | Initiate with speculative buy | Andre H Uddin | Mackie Research Capital Corp. | 10.31 | 36.6% |
| New Look Eyewear Inc | TSX | BCI | 21.91 | 278.0 | Initiate with outperform | Leon Aghazarian | National Bank Financial | 23.50 | 7.3% |
| Northland Power Inc | TSX | NPI | 17.90 | 2,609.3 | Initiate with sector outperform | Paul Lechem | CIBC World Markets | 21.00 | 17.3% |
Canaccord Genuity Corp upgraded Alexco Resource Corp (TSX: AXR), engaged in the process of mining, exploring and developing its mineral properties, to speculative buy from hold increasing its price target to C$1.60 from C$1.40, indicating an upside of 36.8% from current levels.
Alacer Gold Corp (TSX: ASR), an explorer and producer of gold, was upgraded to outperform from market perform at Raymond James raising its price target to C$4.00 from C$3.00, indicating an upside of 51.5% from current levels. Recently, ASR announced positive results of the Definitive Feasibility Study (DFS) for the processing of sulfide ore through whole ore pressure oxidation (POX) at its Çöpler Gold Mine in Erzincan Province, Turkey.
Mackie Research Capital Corp. initiated coverage on Cardiome Pharma Corp (TSX: COM), a research-based biopharmaceutical company focused on the discovery, development and commercialization of new therapies, with a speculative buy assigning a 12-month price target of 36.6% from current levels.
Coverage on New Look Eyewear Inc (TSX: BCI), a provider of eye care products and services in Eastern Canada, was initiated with an outperform rating at National Bank Financial assigning a 12-month price target of C$23.50, indicating an upside of 7.3% from current levels.
CIBC World Markets initiated coverage on Northland Power Inc (TSX: NPI), which owns or has an economic interests, in operating power-producing facilities and a pipeline of construction and development projects, with a sector outperform rating assigning a 12-month price target of C$21.00, indicating an upside of 17.3% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Synovus Financial Corp | NYSE | SNV | 24.82 | 3,449.5 | Upgrade to buy from hold | David J Bishop | Drexel Hamilton LLC | 29.00 | 16.8% |
| Energen Corp | NYSE | EGN | 89.50 | 6,514.0 | Upgrade to accumulate from neutral | Michael Kelly | Global Hunter Securities | 110.00 | 22.9% |
| Alpha & Omega Semiconductor Ltd | NASDAQ | AOSL | 8.86 | 231.5 | Initiate with outperform | Thomas Sepenzis | Northland Securities Inc | 13.00 | 46.7% |
| TherapeuticsMD Inc | NYSE | TXMD | 5.06 | 735.9 | Initiate with market outperform | Oren G Livnat | JMP Securities | 7.00 | 38.3% |
| Fusion-io Inc | NYSE | FIO | 11.41 | 1,232.2 | Downgrade to hold from buy | Christian Schwab | Craig-Hallum Capital Group LLC | 11.25 | -1.4% |
Drexel Hamilton LLC upgraded Synovus Financial Corp (NYSE: SNV), a financial services and a bank holding company that provides integrated financial services, to buy from hold with a price target of $29.00, indicating an upside of 16.8% from current levels. The rating firm cites the company’s above average growth potential as a reason for the upgrade.
Energen Corp (NYSE: EGN), an oil- and natural gas liquids-focused exploration and production company, was upgraded to accumulate from neutral at Global Hunter Securities increasing its price target to $110.00 from the earlier target of $85.00, indicating an upside of 22.9% from current levels.
Northland Securities Inc initiated coverage on Alpha & Omega Semiconductor Ltd (NASDAQ: AOSL), a designer, developer and global supplier of a range of power semiconductors, with an outperform rating assigning a 12-month price target of $13.00, indicating an upside of 46.7% from current levels. The rating firm believes that AOSL will return to profitability in the near future.
Coverage on TherapeuticsMD Inc (NYSE: TXMD), a specialty pharmaceutical company focused on creating branded prescription, generic prescription and over-the-counter (non-prescription) products, was initiated with market outperform rating at JMP Securities with a price target of $7.00, indicting an upside of 38.3% from current levels.
Craig-Hallum Capital Group LLC downgraded Fusion-io Inc (NYSE: FIO), a provider of datacenter solutions that accelerate databases, virtualization, cloud computing, big data, and the applications that help drive business, to hold from buy lowering its price target to $11.25 from the earlier target of $15.00, indicating a downside of 1.4% from current levels.
