| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Canfor Corp | TSX | CFP | 23.88 | 3,309.2 | Upgrade to outperform from sector perform | Paul Quinn | RBC Capital Markets | 27.00 | 13.1% |
| West Fraser Timber Co Ltd | TSX | WFT | 52.83 | 4,683.1 | Upgrade to outperform from sector perform | Paul Quinn | RBC Capital Markets | 60.00 | 13.6% |
| Great Prairie Energy Services Inc | TSXV | GPE | 0.54 | 63.4 | Initiate with buy | Michael Mills | Beacon Securities Ltd | 0.75 | 38.9% |
| Element Financial Corp | TSX | EFN | 13.75 | 2,605.7 | Initiate with outperform | Vincent Caintic | Macquarie | 18.00 | 30.9% |
| Duluth Metals Ltd | TSX | DM | 0.53 | 72.5 | Downgrade to market perform from outperform | Alex Terentiew | Raymond James | 1.00 | 88.7% |
RBC Capital Markets upgraded two integrated forest products companies – Canfor Corp (TSX: CFP) and West Fraser Timber Co Ltd (TSX: WFT), to outperform from sector perform with a price target of C$27.00 and C$60.00 respectively. The assigned price target indicated an upside potential of 13.1% for CFP and 13.6% for WFT from their current levels.
Beacon Securities Ltd initiated coverage on Great Prairie Energy Services Inc (TSXV: GPE), an energy services company focused on servicing oil and gas activity in Saskatchewan and Alberta, with a buy rating assigning a 12-month price target of C$0.75, indicating an upside of 2338.9% from current levels.
Coverage on Element Financial Corp (TSX: EFN), a Canada-based company that provides equipment financing services, was initiated with an outperform rating at Macquarie with a 12-month price target of C$18.00, indicating an upside of 30.9% from current levels.
Raymond James downgraded Duluth Metals Ltd (TSX: DM), a mineral exploration and development company with a copper nickel platinum group metals deposits, to market perform from outperform lowering its price target to C$1.00 from C$1.75, indicating an upside of 88.7% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Umpqua Holdings Corp | NASDAQ | UMPQ | 17.56 | 3,809.4 | Upgrade to equalweight from underweight | Matthew J Keating | Barclays | 19.00 | 8.2% |
| Rice Energy Inc | NYSE | RICE | 28.40 | 3,641.2 | Upgrade to outperform from sector perform | David E Beard | Iberia Capital Partners LLC | 37.00 | 30.3% |
| SunEdison Inc | NYSE | SUNE | 23.06 | 6,175.7 | Upgrade to buy from hold | Team Coverage | Spin-Off Research | 24.00 | 4.1% |
| Trulia Inc | NYSE | TRLA | 41.16 | 1,519.8 | Initiate with outperform | Thomas White | Macquarie | 56.00 | 36.1% |
| Gigamon Inc | NYSE | GIMO | 12.29 | 392.1 | Downgrade to neutral/attractive from buy/attractive | Kent Schofield | Goldman Sachs | 14.00 | 13.9% |
Barclays upgraded Umpqua Holdings Corp (NASDAQ: UMPQ), a financial holding company of Umpqua Bank engaged in the business of commercial and retail banking and the delivery of retail brokerage services, to equal-weight from underweight increasing its price target to $19.00 from $17.00, indicating an upside of 8.2% from current levels.
Rice Energy Inc (NYSE: RICE), an independent natural gas and oil company engaged in the acquisition, exploration and development of natural gas and oil properties, was upgraded to outperform from sector perform at Iberia Capital Partners LLC with price target of $37.00, indicating an upside of 30.3% from current levels.
Spin-Off Research upgraded SunEdison Inc (NYSE: SUNE), engaged in the development, manufacture and sale of silicon wafers, to buy from hold increasing its price target to $24.00 from the earlier target of $19.00, indicating an upside of 4.1% from current levels.
Macquarie initiated coverage on Trulia Inc (NYSE: TRLA), a real estate search engine company, with an outperform rating assigning a 12-month price target of $56.00, indicating an upside of 36.1% from current levels.
Goldman Sachs downgraded Gigamon Inc (NYSE: GIMO), engaged in developing solution that delivers visibility and control of traffic across networks, to neutral/attractive from buy/attractive lowering its price target to $14.00 from $29.00, indicating an upside of 13.9% from current levels.
