Aviat Networks Inc.
(NASDAQ: AVNW) and VersaPay Corp. (TSXV:
VPY) are among a number of companies that received an analyst upgrade or
downgrade recently, including one with upside potential of more than 52%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Wajax Corp | TSX | WJX | 38.53 | 646.5 | Upgrade to outperform from market perform | Ben Cherniavsky | Raymond James | 45.00 | 16.8% |
| VersaPay Corp | TSXV | VPY | 1.25 | 27.3 | Initiate with buy | Massimo Voci | Haywood Securities Inc. | 1.70 | 36.0% |
| Atico Mining Corp | TSXV | ATY | 0.75 | 73.2 | Initiate with buy | Brian Szeto | PI Financial Corp. | 1.10 | 46.7% |
| Mood Media Corp | TSX | MM | 0.52 | 93.4 | Initiate with buy | Kevin Cohen | Imperial Capital LLC | 1.20 | 130.8% |
| Transat AT Inc | TSX | TRZ/B | 9.09 | 351.6 | Downgrade to sector perform from outperform | Cameron Doerksen | National Bank Financial | 10.50 | 15.5% |
Raymond James upgraded Wajax Corp (TSX: WJX), engaged in the sale and after-sales parts and service support of equipment, power systems and industrial components, to outperform from market perform raising its price target to C$45.00 from C$38.50, indicating an upside potential of 16.8% from current levels.
Haywood Securities Inc. initiated coverage on VersaPay Corp (TSXV: VPY), a financial technology company that delivers payment solutions for businesses, with a buy rating assigning a 12-months price target of C$1.70, indicating an upside potential of 36% from current levels.
PI Financial Corp. initiated coverage on Atico Mining Corp (TSXV: ATY), a copper and gold exploration and development company, assigning a buy recommendation with a price target of C$1.10, indicating an upside potential of 46.7% from current levels.
Imperial Capital LLC initiated coverage on Mood Media Corp (TSX: MM), engaged in operating an international in-store media and music retail business, assigning a buy recommendation with a price target of C$1.20, indicating an upside potential of 130.8% from current levels.
National Bank Financial downgraded Transat AT Inc (TSX: TRZ/B), operates in the holiday travel industry and markets its services mainly in the Americas and Europe, to sector perform from sector outperform reducing its price target to C$10.50 from C$13.00, indicating an upside of 15.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Aviat Networks Inc | NASDAQ | AVNW | 1.44 | 89.5 | Upgrade to buy from hold | Richard F Valera | Needham & Co | 2.20 | 52.8% |
| Callon Petroleum Co | NYSE | CPE | 10.80 | 441.1 | Upgrade to overweight from equalweight | Phillips Johnston | Capital One Securities, Inc. | 13.00 | 20.4% |
| PharMerica Corp | NYSE | PMC | 26.21 | 787.9 | Upgrade to outperform from market perform | Charles Rhyee | Cowen and Company | 33.00 | 25.9% |
| Boulder Brands Inc | NASDAQ | BDBD | 13.90 | 848.0 | Initiate with outperform | Rupesh Parikh | Oppenheimer & Co | 16.00 | 15.1% |
| Repros Therapeutics Inc | NASDAQ | RPRX | 18.05 | 417.1 | Downgrade to neutral from overweight | Dr Joshua E Schimmer | Piper Jaffray | 24.00 | 33.0% |
Needham & Co upgraded Aviat Networks Inc (NASDAQ: AVNW), a global supplier of microwave networking solutions, to buy from hold with price target to $2.20, indicating an upside potential of 52.8% from current levels.
Capital One Securities, Inc. upgraded Callon Petroleum Co (NYSE: CPE), an independent oil and natural gas company, to overweight from equal weight raising its price target to $13.00 from $11.00, indicating an upside potential of 20.4% from current levels.
Cowen and Company upgraded PharMerica Corp (NYSE: PMC), engaged in servicing healthcare facilities and providing management pharmacy services to hospitals, to outperform from market perform increasing its price target to $33.00 from $31.00, indicating an upside potential of 25.9% from current levels.
Oppenheimer & Co initiated coverage on Boulder Brands Inc (NASDAQ: BDBD), a supplier of gluten-free and health and wellness products in the U.S. and Canada, with an outperform rating assigning a 12-months price target of $16.00, indicating an upside potential of 15.1% from current levels.
Piper Jaffray downgraded Repros Therapeutics Inc (NASDAQ: RPRX), engaged in developing products and services for the management of reproductive health, to neutral from overweight reducing its price target to $24.00 from $33.00, indicating an upside potential of 33.0% from current levels.
