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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Fortuna Silver Mines Inc | TSX | FVI | 5.53 | 701.3 | Upgrade to buy from hold | John Kratochwil | Canaccord Genuity Corp | 7.00 | 26.6% |
| Cott Corp | TSX | BCB | 7.92 | 742.4 | Upgrade to buy from hold | Mark D Swartzberg | Stifel | 10.89 | 37.5% |
| Progressive Waste Solutions Ltd | TSX | BIN | 27.40 | 3,155.9 | Upgrade to outperform from market perform | Bert Powell | BMO Capital Markets | 32.67 | 19.2% |
| Canacol Energy Ltd | TSX | CNE | 6.49 | 699.2 | Initiate with overweight | Luiz Carvalho | HSBC | 7.20 | 10.9% |
| DeeThree Exploration Ltd | TSX | DTX | 11.40 | 1,012.7 | Initiate with outperform | Shailender Randhawa | RBC Capital Markets | 15.00 | 31.6% |
Canaccord Genuity Corp upgraded Fortuna Silver Mines Inc (TSX: FVI), engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing, to buy from hold with a price target of C$7.00, indicating an upside of 26.6% from current levels.
Stifel upgraded Cott Corp (TSX: BCB), a producers of beverages on behalf of retailers, brand owners and distributors, to buy from hold with a price target of C$10.89, indicating an upside of 37.5% from current levels.
Progressive Waste Solutions Ltd (TSX: BIN), a waste management company providing non-hazardous solid waste collection and disposal services to commercial, industrial, municipal and residential customers, was upgraded to outperform from market perform at BMO Capital Markets increasing its price target to C$32.67 from C$28.11, indicting an upside of 19.2% from current levels.
HSBC initiated coverage on Canacol Energy Ltd (TSX: CNE), engaged in petroleum and natural gas exploration and development activities, with an overweight rating assigning a 12-month price target of C$7.20, indicating an upside of 10.9% from current levels.
Coverage on DeeThree Exploration Ltd (TSX: DTX), engaged in natural gas and light crude oil exploration, development and production, was initiated with an outperform rating at RBC Capital Markets with a price target of C$15.00, indicating an upside of 31.6% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Aruba Networks Inc | NASDAQ | ARUN | 21.26 | 2,311.7 | Upgrade to buy from neutral | Amitabh Passi | UBS | 25.00 | 17.6% |
| TETRA Technologies Inc | NYSE | TTI | 11.81 | 939.5 | Upgrade to outperform from market perform | Marc Bianchi | Cowen and Company | 16.00 | 35.5% |
| Manitex International Inc | NASDAQ | MNTX | 12.88 | 178.0 | Upgrade to accumulate from neutral | Walter S Liptak | Global Hunter Securities | 14.00 | 8.7% |
| Sprouts Farmers Market Inc | NASDAQ | SFM | 30.90 | 4,649.1 | Initiate with outperform | Kurt M Frederick | Wedbush | 37.00 | 19.7% |
| Laredo Petroleum Inc | NYSE | LPI | 22.93 | 3,296.5 | Downgrade to hold from buy | Eli Kantor | Canaccord Genuity Corp | 25.00 | 9.0% |
UBS upgraded Aruba Networks Inc (NASDAQ:ARUN), a provider of next-generation network access solutions for mobile enterprise networks, to buy from neutral with a price target of $25.00, indicating an upside of 17.6% from current levels.
Cowen and Company upgraded TETRA Technologies Inc (NYSE:TTI), an oil and gas services company focused on completion fluids and other products, production testing, wellhead compression, and selected offshore services, to outperform from market perform increasing its price target to $16.00 from $14.00, indicating an upside potential of 35.5% from current levels.
Global Hunter Securities upgraded Manitex International Inc (NASDAQ: MNTX), engaged in providing engineered lifting solutions, to accumulate from neutral with a price target of $14.00, indicating an upside of 8.7% from current levels.
Wedbush initiated coverage on Sprouts Farmers Market Inc (NASDAQ: SFM), a specialty retailer of natural and organic food focusing on health and wellness, with an outperform rating assigning a 12-month price target of $37.00, indicating an upside of 19.7% from current levels.
Canaccord Genuity Corp downgraded Laredo Petroleum Inc (NYSE: LPI), focused on the exploration, development and acquisition of oil and natural gas properties, to hold from buy reducing its price target to $25.00 from the earlier target of $42.00, indicating an upside of 9% from current levels.
