Micronet Enertec Technologies Inc. (NASDAQ: MICT) and CERF Inc. (TSXV: CFL) are among a number
of companies that have recently received an analyst upgrade or downgrade,
including one with potential upside of more than 61%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Evertz Technologies Ltd | TSX | ET | 17.38 | 1,291.6 | Upgrade to overweight from hold | Andrew S Zamfotis | EVA Dimensions | NA | NA |
| Mandalay Resources Corp | TSX | MND | 1.08 | 368.8 | Reinitiate with market perform | Andrew Kaip | BMO Capital Markets | 1.20 | 11.1% |
| CERF Inc | TSXV | CFL | 3.50 | 68.6 | Initiate with buy | Russell Stanley | Jennings Capital | 5.00 | 42.9% |
| Sandvine Corp | TSX | SVC | 3.00 | 451.1 | Downgrade to sector perform from sector outperform | Todd Coupland | CIBC World Markets | 3.50 | 16.7% |
EVA Dimensions upgraded Evertz Technologies Ltd (TSX: ET), engaged in designing, manufacturing and distributing video and audio infrastructure equipment to the television broadcast telecommunications and new-media industries, to overweight from hold. The rating firm did not assign any price target to the stock.
BMO Capital Markets reinitiated coverage on Mandalay Resources Corp (TSX: MND), engaged in exploration, development, and mining of natural resource properties, with a market perform rating assigning a 12-month price target of C$1.20, indicating an upside of 11.1% from current levels.
Coverage on CERF Inc (TSXV: CFL), engaged in rental, sale and service of industrial and construction equipment and waste management and environmental services, was initiated with a buy rating at Jennings Capital, assigning a 12-months price target of C$5.00, indicating an upside potential of 42.9% from current levels.
Sandvine Corp (TSX: SVC), engaged in developing and marketing network policy control solutions for high-speed, or broadband, Internet service providers, was downgraded by CIBC World Markets to sector perform from sector outperform buy reducing its price target to C$3.50 from C$5.00, indicating an upside of 16.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Micronet Enertec Technologies Inc | NASDAQ | MICT | 3.71 | 21.6 | Upgrade to buy from hold | Yi Chen | Aegis Capital Corp. | 6.00 | 61.7% |
| Global Cash Access Holdings Inc | NYSE | GCA | 7.85 | 517.6 | Upgrade to buy from hold | Christopher C Brendler | Stifel | 10.00 | 27.4% |
| Virtusa Corp | NASDAQ | VRTU | 35.43 | 1,034.2 | Upgrade to overweight from neutral | Puneet Jain | JPMorgan | 39.00 | 10.1% |
| Good Times Restaurants Inc | NASDAQ | GTIM | 3.99 | 29.9 | Initiate with buy | Anton J Brenner | Roth Capital Partners | 7.50 | 88.0% |
| M/I Homes Inc | NYSE | MHO | 21.65 | 529.9 | Downgrade to neutral from overweight | Michael Rehaut | JPMorgan | 24.50 | 13.2% |
Aegis Capital Corp. upgraded Micronet Enertec Technologies Inc (NASDAQ: MICT), engaged in developing, manufacturing and marketing rugged computers, tablets, computer based systems and instruments, to buy from hold with price target of $6.00, indicating an upside potential of 61.7% from current levels.
Global Cash Access Holdings Inc (NYSE: GCA), a global provider of cash access and data intelligence services and solutions to the gaming industry, was upgraded by Stifel to buy rating from hold with a price target of $10.00, indicating an upside of 27.4% from current levels.
JPMorgan upgraded Virtusa Corp (NASDAQ: VRTU), a global information technology services company, to overweight from neutral raising its price target to $39.00 from $36.00, indicating an upside potential of 10.1% from current levels.
Roth Capital Partners initiated coverage on Good Times Restaurants Inc (NASDAQ: GTIM), engaged in developing, owning, operating, and franchising the Good Times Drive Thru Burgers restaurant chain, with a buy rating assigning a 12-months price target of $7.50, indicating an upside potential of 88% from current levels.
M/I Homes Inc (NYSE: MHO), engaged in building single family homes, was downgraded by JPMorgan to neutral from overweight with price target of $24.50, implying an upside of 13.2% from current levels.
