| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Perpetual Energy Inc | TSX | PMT | 2.25 | 335.1 | Upgrade to outperform from sector perform | Aaron Bilkoski | TD Securities | 3.00 | 33.3% |
| Pure Industrial Real Estate Trust | TSX | AAR-U | 4.56 | 689.8 | Upgrade to outperform from sector perform | Matt Kornack | National Bank Financial | 5.10 | 11.8% |
| VersaPay Corp | TSXV | VPY | 1.10 | 22.5 | Initiate with speculative buy | Justin Kew | Cantor Fitzgerald | 1.70 | 54.5% |
| Sintana Energy Inc | TSXV | SNN | 0.17 | 51.3 | Initiate with buy | David Buma | M Partners Inc | 0.35 | 112.1% |
| Pacific Rubiales Energy Corp | TSX | PRE | 21.24 | 6,661.5 | Downgrade to underperform from neutral | David Phung | Credit Suisse | 17.00 | -20.0% |
TD Securities upgraded Perpetual Energy Inc (TSX: PMT), an oil and natural gas exploration and production company engaged in producing primarily natural gas with growing volumes of oil and liquids from properties, to buy from hold increasing its price target to C$3.00 from C$2.00, indicating an upside of 33.3% from current levels. Recently, PMT announced a joint venture agreement with a joint venture partner for a portion of its lands in the Edson area of West Central Alberta resulting in increased net production and funds flow growth.
Pure Industrial Real Estate Trust (TSX: AAR-U), an unincorporated open-ended real estate investment trust (REIT) focused on acquiring, owning and operating a diversified portfolio of income producing industrial properties, was upgraded to outperform from sector perform at National Bank Financial raising its price target to C$5.10 from C$5.05, indicating an upside of 11.8% from current levels.
Cantor Fitzgerald initiated coverage on VersaPay Corp (TSX-V: VPY), a financial technology company that delivers payment solutions for businesses, with a speculative buy assigning a 12-month price target of C$1.70, indicating an upside of 54.5% from current levels.
Coverage on Sintana Energy Inc (TSX-V: SNN), an oil and gas exploration company, was initiated with a buy rating at M Partners Inc assigning a 12-month price target of C$0.35, indicating an upside of 112.1% from current levels.
Credit Suisse downgraded Pacific Rubiales Energy Corp (TSX: PRE), a producer and seller of natural gas and heavy crude oil, to underperform from neutral with a price target of C$17.00, indicating a downside of 20% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| IPC The Hospitalist Co Inc | NASDAQ | IPCM | 44.69 | 765.6 | Upgrade to outperform from sector perform | Frank G Morgan | RBC Capital Markets | 52.00 | 16.4% |
| HB Fuller Co | NYSE | FUL | 48.87 | 2,454.1 | Upgrade to buy from hold | David I Begleiter | Deutsche Bank | 54.00 | 10.5% |
| Qunar Cayman Islands Ltd | NASDAQ | QUNR | 27.79 | 3,169.8 | Upgrade to buy from hold | Vivian Hao | Deutsche Bank | 31.00 | 11.6% |
| Ampio Pharmaceuticals Inc | NYSE | AMPE | 8.31 | 431.4 | Initiate with buy | Biren Amin | Jefferies | 14.00 | 68.5% |
| The Manitowoc Co Inc | NYSE | MTW | 32.93 | 4,450.9 | Downgrade to market perform from outperform | Charles D Brady | BMO Capital Markets | 34.00 | 3.2% |
RBC Capital Markets upgraded IPC The Hospitalist Co Inc (NASDAQ: IPCM), a provider of hospitalist services in the U.S., to outperform from sector perform increasing its price target to $52.00 from the earlier target of $49.00, indicating an upside of 16.4% from current levels. The rating firm believes that IPCM has strong opportunities for the growth in the near future.
Deutsche Bank upgraded two stocks, HB Fuller Co (NYSE: FUL), a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products, and Qunar Cayman Islands Ltd (NASDAQ: QNAR), a search-based commerce platform for the travel industry in China, to buy rating from hold rating. The rating bank raised its price target for FUL to $54.00 from $53.00, while maintained its target of $31.00 for QNAR, indicating an upside of 10.5% and 11.6% from current levels.
Jefferies initiated coverage on Ampio Pharmaceuticals Inc (NYSE: AMPE), a development-stage biopharmaceutical company focused on the development of therapies to treat prevalent inflammatory conditions for which there are limited treatment options, with a buy rating assigning a 12-month price target of $14.00, indicating an upside of 68.5% from current levels.
BMO Capital Markets downgraded The Manitowoc Co Inc (NYSE: MTW), a multi-industry, capital goods manufacturer, to market perform from outperform with a price target of $34.00, indicating an upside of 3.2% from current levels.
