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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Delphi Energy Corp | TSX | DEE | 3.96 | 613.3 | Upgrade to neutral from underperform | Ray Kwan | Macquarie | 4.25 | 7.3% |
| Romarco Minerals Inc | TSX | R | 0.87 | 574.0 | Upgrade to speculative outperform from market perform | Andrew Kaip | BMO Capital Markets | 1.30 | 49.4% |
| Bonavista Energy Corp | TSX | BNP | 14.77 | 2,993.8 | Upgrade to buy from hold | Grant Daunheimer | GMP | 17.75 | 20.2% |
| Aecon Group Inc | TSX | ARE | 16.90 | 954.0 | Initiate with buy | Ben Jekic | Industrial Alliance Securities | 22.00 | 30.2% |
| Mullen Group Ltd | TSX | MTL | 29.06 | 2,659.4 | Downgrade to sector perform from outperform | Greg Colman | National Bank Financial | 30.00 | 3.2% |
Macquarie upgraded Delphi Energy Corp (TSX: DEE), an oil and gas company engaged in the exploration for, development and production of crude oil and natural gas from properties and assets, to neutral from underperform raising its price target to C$4.25 from $2.75, indicating an upside of 7.3% from current levels.
Romarco Minerals Inc (RSX: R), an exploration and development stage mining company engaged in the acquisition, exploration and development of precious metals mineral properties, was upgraded to speculative outperform from market perform at BMO Capital Markets with a price target of C$1.30, indicating an upside of 49.4% from current levels.
GMP upgraded Bonavista Energy Corp (TSX: BNP), engaged in the acquisition, exploration, development and production of oil and natural gas assets, to buy from hold with a price target of C$17.75, indicating n upside of 20.2% from current levels.
Industrial Alliance Securities initiated coverage on Aecon Group Inc (TSX: ARE), a provider of construction, contracting and infrastructure development services, with a buy rating assigning a 12-month price target of C$22.00, indicating an upside of 30.2% from current levels.
National Bank Financial downgraded Mullen Group Ltd (TSX: MTL), a provider of specialized transportation and related services to the oil and natural gas industry, to sector perform from outperform lowering its price target to $30.00 from $31.00, indicating an upside of 3.2% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Wilshire Bancorp Inc | NASDAQ | WIBC | 9.62 | 752.9 | Upgrade to strong buy from outperform | Donald A Worthington | Raymond James | 12.00 | 24.7% |
| Western Refining Logistics LP | NYSE | WNRL | 33.22 | 1,515.6 | Upgrade to buy/attractive from neutral/attractive | Steven Sherowski | Goldman Sachs | 37.00 | 11.4% |
| Covanta Holding Corp | NYSE | CVA | 20.61 | 2,697.4 | Upgrade to outperform from in-line | Scott Levine | Imperial Capital LLC | 23.50 | 14.0% |
| Ceco Environmental Corp | NASDAQ | CECE | 14.46 | 372.6 | Initiate with buy | John S Quealy | Canaccord Genuity Corp | 20.00 | 38.3% |
| Elecsys Corp | NASDAQ | ESYS | 14.75 | 56.4 | Downgrade to neutral from buy | Michael Conti | Sidoti & Company LLC | 15.00 | 1.7% |
Raymond James upgraded Wilshire Bancorp Inc (NASDAQ: WIBC), a bank holding company offering a range of financial products and services, to strong buy from outperform increasing its price target to $12.00, indicating an upside of $24.7% from current levels.
Western Refining Logistics LP (NYSE: WNRL), an operator, developer, and acquirer of terminals, storage tanks, pipelines, and other logistics assets, was upgraded to buy/attractive from neutral/attractive at Goldman Sachs increasing its price target to $37.00 from $34.00, indicating an upside of 11.4% from current levels.
Imperial Capital LLC upgraded Covanta Holding Corp (NYSE: CVA), an owner and operator of infrastructure for the conversion of waste to energy as well as other waste disposal and renewable energy production businesses, to outperform from in-line raising its price target to $23.50 from $22.00, indicating an upside of 14% from current levels.
Canaccord Genuity Corp initiated coverage on Ceco Environmental Corp (NASDAQ: CECE), a provider of global, air pollution control technology, with a buy rating assigning a 12-month price target of $20.00, indicating an upside of 38.3% from current levels.
Sidoti & Company LLC downgraded Elecsys Corp (NASDAQ: ESYS), a provider of machine to machine (M2M) communication technology solutions, data acquisition systems, management systems, and custom electronic equipment for critical industrial applications, to neutral from buy with a price target of $15.00, indicating an upside of 1.7% from current levels.
