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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Alliance Grain Traders Inc | TSX | AGT | 27.49 | 555.3 | Upgrade to sector outperform from sector perform | Jacob Bout | CIBC World Markets | 32.00 | 16.4% |
| Yellow Media Ltd | TSX | Y | 17.01 | 475.5 | Initiate with sector perform | Haran Posner | RBC Capital Markets | 20.00 | 17.6% |
| Castle Mountain Mining Co Ltd | TSXV | CMM | 0.65 | 46.7 | Initiate with buy | Derek Macpherson | M Partners Inc | 1.60 | 146.2% |
| Inovalis Real Estate Investment Trust | TSX | INO-U | 9.82 | 110.9 | Initiate with buy | Nelson Mah | Laurentian Bank Securities | 10.85 | 10.5% |
| AuRico Gold Inc | TSX | AUQ | 4.45 | 1,105.3 | Initiate with outperform | Adam Melnyk | National Bank Financial | 6.00 | 34.8% |
CIBC World Markets upgraded Alliance Grain Traders Inc (TSX: AGT), engaged in sourcing and processing specialty crops, to sector outperform from sector perform raising its price target to C$32.00 from C$21.00, indicating an upside potential of 16.4% from current levels.
RBC Capital Markets initiated coverage on Yellow Media Ltd (TSX: Y), engaged in publishing directories and offering business services, with a sector perform rating assigning a 12-months price target of C$20.00, indicating an upside potential of 17.6% from current levels.
Coverage on Castle Mountain Mining Co Ltd (TSXV: CMM), engaged in exploring and developing base and precious metal mineral properties, was initiated with a buy rating at M Partners Inc with a price target of C$1.60, indicating an upside potential of 146.2% from current levels.
Analyst at Laurentian Bank Securities initiated coverage on Inovalis Real Estate Investment Trust (TSX: INO-U), an open-ended real estate investment trust, with a buy rating assigning a 12-month price target of C$10.85, indicating an upside potential of 10.5% from current levels.
National Bank Financial initiated coverage on AuRico Gold Inc (TSX: AUQ), a Canada-based gold producer with mines and projects in North America, with an outperform rating assigning a price target of C$6.00, indicating an upside of 34.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Uranerz Energy Corp | NYSE | URZ | 1.21 | 104.3 | Upgrade to neutral from sell | David A Talbot | Dundee Securities Corp | 1.38 | 14.0% |
| Infinity Pharmaceuticals Inc | NASDAQ | INFI | 14.33 | 696.2 | Upgrade to market outperform from market perform | Michael G King Jr | JMP Securities | 24.00 | 67.5% |
| Intralinks Holdings Inc | NYSE | IL | 7.99 | 451.8 | Upgrade to buy from hold | Gur Talpaz | Stifel | 15.00 | 87.7% |
| Local Corp | NASDAQ | LOCM | 1.74 | 40.4 | Initiate with buy | Amit Dayal | HC Wainwright & Co LLC | 4.00 | 129.9% |
| EnteroMedics Inc | NASDAQ | ETRM | 1.36 | 93.7 | Downgrade to hold from buy | Bruce D Jackson | Lake Street Capital Markets | 2.00 | 47.1% |
Dundee Securities Corp upgraded Uranerz Energy Corp (NYSE: URZ), a uranium production company focused on the development of its properties in the Powder River Basin area into commercial ISR uranium mines, to neutral from sell with price target of $1.38, indicating an upside potential of 14.0% from current levels.
Infinity Pharmaceuticals Inc (NASDAQ: INFI), a drug discovery and development company, was upgraded to market outperform from market perform at JMP Securities with price target of $24.00, indicating an upside potential of 67.5% from current levels.
Stifel upgraded Intralinks Holdings Inc (NYSE: IL), a global provider of Software-as-a-Service (SaaS) solutions, to buy from hold with price target of $15.00, indicating an upside potential of 87.7% from current levels.
HC Wainwright & Co LLC initiated coverage on Local Corp (NASDAQ: LOCM), a technology and advertising company, with a buy rating assigning a 12-months price target of $4.00, indicating an upside potential of 129.9% from current levels.
Lake Street Capital Markets downgraded EnteroMedics Inc (NASDAQ: ETRM), a development stage medical device company focused on the design and development of devices that use neuroblocking technology, to hold from buy reducing its price target to $2.00 from $4.00, indicating an upside potential of 47.1% from current levels.
