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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Loyalist Group Ltd | TSXV | LOY | 0.50 | 73.7 | Upgrade to buy from market perform | David McFadgen | Cormark Securities Inc. | 0.75 | 51.5% |
| AltaGas Ltd | TSX | ALA | 51.56 | 6,374.0 | Re-initiate with outperform | Robert Hope | Macquarie | 58.00 | 12.5% |
| Aveda Transportation and Energy Services Inc | TSXV | AVE | 4.99 | 99.4 | Initiate with sector outperform | Nikolaus Kiefer | Haywood Securities Inc. | 9.00 | 80.4% |
Cormark Securities Inc. upgraded Loyalist Group Ltd (TSXV: LOY), an educational company that owns and operates private English as a Second Language (ESL) Schools, Career Colleges and Community Colleges, to buy from market perform with a price target of C$0.75, indicting an upside of 51.5% from current levels.
Macquarie re-initiated coverage on AltaGas Ltd (TSX: ALA), a Canada-based diversified energy infrastructure business with a focus on natural gas, power and regulated utilities, with an outperform rating assigning a 12-month price target of C$58.00, indicting an upside of 12.5% from current levels.
Haywood Securities Inc. initiated coverage on Aveda Transportation and Energy Services Inc (TSXV: AVE), engaged in the business of the transportation of products, materials, and equipment required for the exploration, development and production of petroleum resources, with a sector outperform rating assigning a 12-month price target of C$9.00, indicating an upside of 80.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Elecsys Corp | NASDAQ | ESYS | 14.79 | 56.6 | Upgrade to buy from neutral | Michael Conti | Sidoti & Company LLC | 19.00 | 28.5% |
| IEC Electronics Corp | NYSE | IEC | 4.63 | 46.6 | Upgrade to buy from hold | Mark C Jordan | Noble Financial Group | 6.00 | 29.6% |
| IGI Laboratories Inc | NYSE | IG | 6.79 | 356.4 | Initiate with outperform | Rohit Vanjani | Oppenheimer & Co | 8.00 | 17.8% |
| Mavenir Systems Inc | NYSE | MVNR | 11.37 | 326.9 | Initiate with outperform | Ashok Kumar | Imperial Capital LLC | 15.00 | 31.9% |
| Sungy Mobile Ltd | NASDAQ | GOMO | 8.44 | 281.9 | Downgrade to neutral from outperform | Evan Zhou | Credit Suisse | 9.00 | 6.6% |
Sidoti & Company LLC upgraded Elecsys Corp (NASDAQ: ESYS), a provider of machine to machine (M2M) communication technology solutions, to buy from neutral raising its price target to $19.00 from $15.00, indicating an upside of 28.5% from current levels.
IEC Electronics Corp (NYSE: IEC), a provider of electronic contract manufacturing services (EMS) to advanced technology companies, was upgraded to buy from hold at Noble Financial Group with a price target of $6.00, indicating an upside of 29.6% from current levels.
Oppenheimer & Co initiated coverage on IGI Laboratories Inc (NYSE: IG), engaged in developing and manufacturing topical semi-solid and liquid products for cosmetic, cosmeceutical and pharmaceutical customers, with an outperform rating assigning a 12-month price target of $8.00, indicating an upside of 17.8% from current levels.
Coverage on Mavenir Systems Inc (NYSE: MVNR), a provider of software-based telecommunications networking solutions, was initiated with an outperform rating at Imperial Capital LLC with a price target of $15.00, indicating an upside of 31.9% from current levels.
Credit Suisse downgraded Sungy Mobile Ltd (NASDAQ: GOMO), a provider of mobile Internet products and services globally with a focus on applications and mobile platform development, to neutral from outperform lowering its price target to $9.00 from $21.00, indicating an upside of 6.6% from current levels.
