Wolverine World Wide Inc. (NYSE: WWW) and Lonestar West Inc. (TSXV: LSI) are among a number of companies that have recently received an analyst upgrade or downgrade, including one with potential upside of more than 18% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Lonestar West Inc | TSXV | LSI | 3.09 | 90.1 | Initiate with buy | James Reid | Haywood Securities Inc. | 4.00 | 29.4% |
| PRD Energy Inc | TSXV | PRD | 0.85 | 102.3 | Initiate with speculative buy | Jamie Somerville | TD Securities | 1.85 | 117.6% |
| Mullen Group Ltd | TSX | MTL | 28.42 | 2,602.9 | Initiate with buy | Elias Foscolos | Industrial Alliance Securities | 29.00 | 2.0% |
| Home Capital Group Inc | TSX | HCG | 54.49 | 3,817.5 | Initiate with buy | Marc Charbin | Laurentian Bank Securities | 63.00 | 15.6% |
| Amica Mature Lifestyles Inc | TSX | ACC | 7.31 | 225.1 | Downgrade to neutral from buy | Yashwant Sankpal | Dundee Securities Corp | 8.00 | 9.4% |
Haywood Securities Inc. initiated coverage on Lonestar West Inc (TSXV: LSI), engaged in providing technical application of vacuum and hydro-vacuum (HVAC) services, primarily to infrastructure and oil and gas customers, with a buy rating assigning a 12-month price target of C$4.00, indicating an upside of 29.4% from current levels.
Coverage on PRD Energy Inc (TSXV: PRD), an exploration-stage company focused on farm-in arrangements, with a number of oil and gas operators located in Germany, was initiated with a speculative buy at TD Securities with a price target of C$1.85, indicating an upside of 117.6% from current levels.
Industrial Alliance Securities initiated coverage on Mullen Group Ltd (TSX: MTL), a provider of specialized transportation and related services to the oil and natural gas industry, with a buy rating assigning a 12-month price target of C$29.00, indicating an upside of 2% from current levels.
Analyst at Laurentian Bank Securities initiated coverage on Home Capital Group Inc (TSX: HCG), a Canada-based holding company offering deposits, residential and non-residential mortgage lending and consumer lending, with a buy rating assigning a 12-month price target of C$63.00, indicating an upside of 15.6% from current levels.
Dundee Securities Corp downgraded Amica Mature Lifestyles Inc (TSX: ACC), engaged in the design, development, marketing, management and ownership of luxury seniors’ residences, to neutral from buy lowering its price target to C$8.00 from C$9.40, indicating an upside of 9.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Brinker International Inc | NYSE | EAT | 48.45 | 3,146.9 | Upgrade to buy from hold | Robert M Derrington | Wunderlich Securities | 55.00 | 13.5% |
| Carrizo Oil & Gas Inc | NASDAQ | CRZO | 58.69 | 2,701.4 | Upgrade to accumulate from hold | Michael Rowe | Tudor Pickering & Co | 63.00 | 7.3% |
| Wolverine World Wide Inc | NYSE | WWW | 25.35 | 2,572.3 | Upgrade to buy from hold | Edward J Yruma | KeyBanc Capital Markets | 30.00 | 18.3% |
| FARO Technologies Inc | NASDAQ | FARO | 55.94 | 964.8 | Initiate with buy | B G Dickey | Stephens Inc | 65.00 | 16.2% |
| SunCoke Energy Inc | NYSE | SXC | 24.39 | 1,690.9 | Downgrade to neutral from outperform | Nathan Littlewood | Credit Suisse | 26.00 | 6.6% |
Wunderlich Securities upgraded Brinker International Inc (NYSE: EAT), an owner, developer, operator and franchisee of the Chili’s Grill & Bar and Maggiano’s Little Italy restaurant brands, to buy from hold increasing its price target to $55.00 from $52.00, indicating an upside of 13.5% from current levels.
Carrizo Oil & Gas Inc (NASDAQ: CRZO), an independent energy company engaged in the exploration, development, and production of oil and gas, was upgraded to accumulate from hold at Tudor Pickering & Co with a price target of $63.00, indicating an upside of 7.3% from current levels.
KeyBanc Capital Markets upgraded Wolverine World Wide Inc (NYSE: WWW), a designer, manufacturer and marketer of a range of footwear and apparels, to buy from hold with a 12-month price target of $30.00, indicating an upside of 18.3% from current levels.
Stephens Inc initiated coverage on FARO Technologies Inc (NASDAQ: FARO), engaged in designing, developing and manufacturing of portable, software driven, three-dimensional (3-D) measurement and imaging systems, with a buy rating assigning a 12-month price target of $65.00, indicating an upside of 16.2% from current levels.
Credit Suisse downgraded SunCoke Energy Inc (NYSE: SXC), an independent producer of coke, a principal raw material in the integrated steelmaking process, to neutral from outperform with a price target of $26.00, indicating an upside of 6.6% from current levels.
