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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Linamar Corp | TSX | LNR | 64.23 | 4,161.6 | Upgrade to buy from hold | Brian Morrison | TD Securities | 75.00 | 16.8% |
| Crew Energy Inc | TSX | CR | 9.73 | 1,186.7 | Upgrade to outperform | Brian Milne | National Bank Financial | 12.50 | 28.5% |
| Essential Energy Services Ltd | TSX | ESN | 2.55 | 320.8 | Upgrade to buy from hold | Jason Tucker | Paradigm Capital Inc | 3.50 | 37.3% |
| SEMAFO Inc | TSX | SMF | 5.30 | 1,466.5 | Downgrade to market perform from outperform | Andrew Breichmanas | BMO Capital Markets | 5.50 | 3.8% |
| WesternZagros Resources Ltd | TSXV | WZR | 0.99 | 471.8 | Downgrade to hold from speculative buy | Shahin Amini | TD Securities | 1.30 | 31.3% |
TD Securities upgraded Linamar Corp (TSX: LNR), a diversified global manufacturing company of engineered products, to buy from hold increasing its price target to C$75.00 from C$73.00, indicating an upside of 16.8% from current levels.
Crew Energy Inc (TSX: CR), an oil and gas exploration, development and production company, was upgraded to outperform at National Bank Financial with a 12-month price target of C$12.50, indicating an upside of 28.5% from current levels.
Paradigm Capital Inc upgraded Essential Energy Services Ltd (TSX: ESN), a Canada-based company operating the coil well servicing fleet in the Western Canadian Sedimentary Basin (WCSB), to buy from hold raising its price target to $3.50 from $3.00, indicating an upside of 37.3% from current levels.
BMO Capital Markets downgraded SEMAFO Inc (TSX: SMF), a Canada-based mining company with gold production and exploration activities, to market perform from outperform with a price target of C$5.50, indicating an upside of 3.8% from current levels.
WesternZagros Resources Ltd (TSXV: WZR), an international oil and gas company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas, was downgraded to hold from speculative buy at TD Securities lowering its price target to C$1.30 from C$1.60, indicating an upside of 31.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Primoris Services Corp | NASDAQ | PRIM | 27.76 | 1,433.9 | Upgrade to buy from neutral | John B Rogers | D.A. Davidson & Co | 32.00 | 15.3% |
| Sierra Bancorp | NASDAQ | BSRR | 15.89 | 222.0 | Upgrade to outperform from market perform | Donald A Worthington | Raymond James | 18.00 | 13.3% |
| Tornier NV | NASDAQ | TRNX | 21.73 | 1,062.8 | Upgrade to outperform from market perform | Joanne K Wuensch | BMO Capital Markets | 24.00 | 10.4% |
| InvenSense Inc | NYSE | INVN | 24.33 | 2,162.4 | Initiate with buy | Matthew D Ramsay | Canaccord Genuity Corp | 29.00 | 19.2% |
| Rubicon Technology Inc | NASDAQ | RBCN | 5.86 | 153.3 | Downgrade to neutral from overweight | Paul T Coster | JPMorgan | 8.00 | 36.5% |
D.A. Davidson & Co upgraded Primoris Services Corp (NASDAQ: PRIM), a holding company of various subsidiaries which form specialty contractors and infrastructure companies, to buy from neutral increasing its price target to $32.00 from $31.00, indicating an upside of 15.3% from current levels.
Sierra Bancorp (NASDAQ: BSRR), a bank holding company of Bank of the Sierra, that offers a full range of retail and commercial banking services, was upgraded to outperform from market perform at Raymond James with a price target of $18.00, indicating an upside of 13.3% from current levels.
BMO Capital Markets was upgraded Tornier NV (NASDAQ: TRNX), a global medical device company focused on surgeons that treat musculoskeletal injuries and disorders of the shoulder, elbow, wrist, hand, ankle and foot, to outperform from market perform increasing its price target to $24.00 from $20.00, indicating an upside of 10.4% from current levels.
Canaccord Genuity Corp initiated coverage on InvenSense Inc (NYSE: INVN), a provider of intelligent motion processing solutions engaged in the designing, developing, manufacturing and marketing linear and mixed-signal integrated circuits (IC), with a buy rating assigning a 12-month price target of $29.00, indicating an upside of 19.2% from current levels.
JPMorgan downgraded Rubicon Technology Inc (NASDAQ: RBCN), engaged in manufacturing synthetic electronic materials for opto-electronic, semiconductor fabrication, telecommunications and optical & laser applications, to neutral from overweight lowering its price target to $8.00 from $13.00, indicating an upside of 36.5% from current levels.
