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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Northland Power Inc | TSX | NPI | 17.73 | 2,608.5 | Upgrade to top pick from outperform | Steven I Paget | FirstEnergy Capital Corp | 21.00 | 18.4% |
| IntelliPharmaCeutics International Inc/CA | TSX | I | 3.47 | 81.0 | Upgrade to buy from hold | Jason Kolbert | Maxim Group LLC | 7.62 | 119.6% |
| SEMAFO Inc | TSX | SMF | 4.44 | 1,228.8 | Upgrade to buy from hold | Filipe Martins | GMP | 5.10 | 14.9% |
| Hudson’s Bay Co | TSX | HBC | 17.83 | 3,246.8 | Initiate with buy | Steven Salz | M Partners Inc | 35.00 | 96.3% |
| COM DEV International Ltd | TSX | CDV | 3.80 | 291.4 | downgrade to sector perform from sector outperform | Stephanie Price | CIBC World Markets | 4.50 | 18.4% |
FirstEnergy Capital Corp upgraded Northland Power Inc (TSX: NPI), engaged in operating power-producing facilities and a pipeline of construction and development projects, to top pick from outperform raising its price target to C$21.00 from C$19.00, indicating an upside potential of 18.4% from current levels.
Maxim Group LLC upgraded IntelliPharmaCeutics International Inc (TSX: I), a pharmaceutical company specializing in the research, development and manufacture of generic controlled-release and targeted-release oral solid dosage drugs, to buy from hold raising its price target to C$7.62 from C$3.22, indicating an upside potential of 119.6% from current levels.
GMP upgraded SEMAFO Inc (TSX: SMF), a Canadian-based mining company with gold production and exploration activities in West Africa, to buy from hold with price target of C$5.10, indicating an upside potential of 14.9% from current levels.
M Partners Inc initiated coverage on Hudson’s Bay Co (TSX: HBC), engaged in offering a selection of branded merchandise in Canada and the United States, with a buy rating assigning a 12-months price target of C$35.00, indicating an upside potential of 96.3% from current levels.
COM DEV International Ltd (TSX: CDV), a designer, manufacturer and distributor of space communications and space science products and systems, was downgraded by CIBC World Markets to sector perform from sector outperform reducing its price target to C$4.50 from C$5.50, indicating an upside of 18.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| W&T Offshore Inc | NYSE | WTI | 14.41 | 1,090.2 | Upgrade to overweight from equal weight | Richard Tullis | Capital One Securities, Inc. | 20.00 | 38.8% |
| Susser Petroleum Partners LP | NYSE | SUSP | 52.97 | 1,163.2 | Intiate with neutral | Abhiram Rajendran | Credit Suisse | 59.00 | 11.4% |
| Cherokee Inc | NASDAQ | CHKE | 18.06 | 151.8 | Initiate with buy | David King | Roth Capital Partners | 20.00 | 10.7% |
| GSV Capital Corp | NASDAQ | GSVC | 11.38 | 219.9 | Initiate with market outperform | Christopher York | JMP Securities | 14.50 | 27.4% |
| John B Sanfilippo & Son Inc | NASDAQ | JBSS | 31.82 | 351.6 | Initiate with buy | Francesco Pellegrino | Sidoti & Company LLC | 41.00 | 28.8% |
Capital One Securities Inc upgraded W&T Offshore Inc (NYSE: WTI), an independent oil and natural gas producer, engaged in the acquisition, exploration and development of oil and natural gas properties, to overweight from equal weight with price target of $20.00, indicating an upside potential of 38.8% from current levels.
Credit Suisse initiated coverage on Susser Petroleum Partners LP (NYSE: SUSP), engaged in fee-based wholesale distribution of motor fuels to Susser Holdings Corporation (SHC) and third parties, with a neutral rating assigning a 12-months price target of $59.00, indicating an upside potential of 11.4% from current levels.
Roth Capital Partners initiated coverage on Cherokee Inc (NASDAQ: CHKE), a global marketer and manager of lifestyle brands, with a buy rating assigning a 12-months price target of $20.00, indicating an upside potential of 10.7% from current levels.
Coverage on GSV Capital Corp (NASDAQ: GSCV), an externally managed, non-diversified closed-end management investment company, was initiated at JMP Securities, with a market outperform rating assigning a 12-months price target of $14.50, indicating an upside potential of 27.4% from current levels
Sidoti & Company LLC initiated coverage on John B Sanfilippo & Son Inc (NASDAQ: JBSS), engaged in processing and distributing of trees nuts and peanuts, with a buy rating assigning a 12-months price target of $41.00, indicating an upside potential of 28.8% from current levels.
