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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Rubicon Minerals Corp | TSX | RMX | 1.47 | 544.7 | Upgrade to speculative buy from hold | Joe Mazumdar | Canaccord Genuity Corp | 1.80 | 22.4% |
| Gibson Energy Inc | TSX | GEI | 36.00 | 4,447.7 | Initiate with outperform | Dirk M Lever | Alta Corp Capital Inc. | 40.00 | 11.1% |
| Sprott Resource Corp | TSX | SCP | 3.25 | 318.9 | Initiate with outperform | Don Demarco | National Bank Financial | 3.80 | 16.9% |
| Strategic Oil & Gas Ltd | TSXV | SOG | 0.37 | 133.5 | Initiate with buy | Garett Ursu | Cormark Securities Inc. | 0.75 | 102.7% |
| Bird Construction Inc | TSX | BDT | 14.92 | 634.4 | Downgrade to neutral from buy | Maxim Sytchev | Dundee Securities Corp | 16.00 | 7.2% |
Canaccord Genuity Corp upgraded Rubicon Minerals Corp (TSX: RMX), a mineral exploration company engaged in the acquisition, exploration and development of gold and base-metal exploration properties, to speculative buy from hold with a price target of C$1.80, indicating an upside of 22.4% from current levels.
Alta Corp Capital Inc. initiated coverage on Gibson Energy Inc (TSX: GEI), engaged in the transportation, storage, blending, processing, marketing and distribution of crude oil, condensate, NGLs and refined products, with an outperform rating assigning a 12-month price target of C$40.00, indicating an upside of 11.1% from current levels.
National Bank Financial initiated coverage on Sprott Resource Corp (TSX: SCP), a resource-focused private equity investor with investments in oil and gas, mining, agriculture and agricultural nutrients, with an outperform rating assigning a 12-month price target of C$3.80, indicating an upside of 16.9% from current levels.
Coverage on Strategic Oil & Gas Ltd (TSXV: SOG), engaged in the exploration for and development of petroleum and natural gas reserves, was initiated with a buy at Cormark Securities Inc. with a price target of C$0.75, indicating an upside of 102.7% from current levels.
Dundee Securities Corp downgraded Bird Construction Inc (TSX: BDT), a general contractor primarily engaged in building industrial, commercial, and institutional projects, to neutral from buy with a price target of C$16.00, indicating an upside of 7.2% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Panera Bread Co | NASDAQ | PNRA | 152.58 | 4,129.7 | Upgrade to overweight from equalweight | Jeffrey A Bernstein | Barclays | 175.00 | 14.7% |
| Genesco Inc | NYSE | GCO | 83.34 | 1,998.8 | Upgrade to market outperform from market perform | Mark K Montagna | Avondale Partners LLC | 95.00 | 14.0% |
| JetBlue Airways Corp | NASDAQ | JBLU | 12.73 | 3,715.4 | Upgrade to outperform from market perform | Helane R Becker | Cowen and Company | 15.00 | 17.8% |
| Tyler Technologies Inc | NYSE | TYL | 90.34 | 2,967.6 | Initiate with buy | Brian Kinstlinger | Maxim Group LLC | 120.00 | 32.8% |
| Prestige Brands Holdings Inc | NYSE | PBH | 34.79 | 1,808.1 | Downgrade to neutral from buy | Frank A Camma | Sidoti & Company LLC | 38.00 | 9.2% |
Barclays upgraded Panera Bread Co (NASDAQ: PNRA), an owner and provides franchises of bakery cafes, to overweight from equal-weight increasing its price target to $175.00 from $165.00, indicating an upside of 14.7% from current levels.
Genesco Inc (NYSE: GCO), a retailer and wholesaler of footwear, apparel and accessories, was upgraded to market outperform from market perform at Avondale Partners LLC, increasing its price target to $95.00 from $77.00, indicating an upside of 14% from current levels.
Cowen and Company upgraded JetBlue Airways Corp (NASDAQ: JBLU), a provider of nonstop passenger flight service through its Airbus A320 aircraft, to outperform from market perform increasing its price target to $15.00 from $10.00, indicating an upside of 17.8% from current levels.
Maxim Group LLC initiated coverage on Tyler Technologies Inc (NYSE: TYL), a provider of integrated information management solutions and services for the public sector, with a focus on local governments, with a buy rating assigning a 12-month price target of $120.00, indicating an upside of 32.8% from current levels.
Sidoti & Company LLC downgraded Prestige Brands Holdings Inc (NYSE: PBH), engaged in the marketing, sales and distribution of over-the-counter (OTC) Healthcare and Household Cleaning products, to neutral from buy with a price target of $38.00, indicating an upside of 9.2% from current levels.
