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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Gasfrac Energy Services Inc | TSX | GFS | 0.92 | 58.5 | Upgrade to market perform from underperform | Andrew Bradford | Raymond James | 0.85 | -7.6% |
| Canexus Corp | TSX | CUS | 5.05 | 925.1 | Upgrade to speculative buy from hold | Brian D Pow | Acumen Capital Finance | 5.50 | 8.9% |
| Canamax Energy Ltd | TSXV | CAC | 1.38 | 57.4 | Initiate withspeculative buy | Ken F Lin | Paradigm Capital Inc | 1.75 | 26.8% |
| QHR Corp | TSXV | QHR | 1.25 | 60.8 | Initiate with buy | Massimo Voci | Haywood Securities Inc. | 1.80 | 44.0% |
| Atlatsa Resources Corp | TSX | ATL | 0.34 | 188.5 | Downgrade to underweight from neutral | Abhishek Tiwari | JPMorgan | 0.33 | -2.9% |
Raymond James upgraded Gasfrac Energy Services Inc (TSX: GFS), an oil and gas service company, to market perform from under perform with price target of C$0.85, indicating a downside of -7.6% from current levels.
Canexus Corp (TSX: CUX), engaged in manufacturing a wide range of chemical products which include sodium chlorate, chlorine, caustic soda, and hydrochloric acid, was upgraded by Acumen Capital Finance to speculative buy rating from hold raising its price target to C$5.50 from C$5.30, indicating an upside of 8.9% from current levels.
Paradigm Capital Inc initiated coverage on Canamax Energy Ltd (TSXV: CAC), engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves, with a speculative buy rating assigning a 12-month price target of C$1.75, indicating an upside of 26.8% from current levels.
Coverage on QHR Corp (TSXV: QHR), engaged in providing software solutions for the healthcare industry in Canada, was initiated with a buy rating at Haywood Securities Inc., assigning a 12-months price target of C$1.80, indicating an upside potential of 44% from current levels.
Atlatsa Resources Corp (TSX: ATL), engaged in mining, exploration and development of mineral deposits, was downgraded by JPMorgan to underweight from neutral by reducing its price target to C$0.33 from C$0.53, indicating a downside of -2.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Callon Petroleum Co | NYSE | CPE | 9.21 | 376.8 | Upgrade to buy from neutral | Ryan Oatman | SunTrust Robinson Humphrey | 12.00 | 30.3% |
| Marcus Corp/The | NYSE | MCS | 17.13 | 468.8 | Upgrade to buy from neutral | Eric Wold | B Riley & Co | 21.00 | 22.6% |
| Casey’s General Stores Inc | NASDAQ | CASY | 70.49 | 2,724.4 | Upgrade to buy from hold | Brent R Rystrom | Feltl & Company | 81.40 | 15.5% |
| Midstates Petroleum Co Inc | NYSE | MPO | 6.30 | 445.2 | Initiate with market perform | Christopher Walling | Cowen and Company | 7.00 | 11.1% |
| GT Advanced Technologies Inc | NASDAQ | GTAT | 12.78 | 1,757.8 | Downgrade to neutral from buy | Brian K Lee | Goldman Sachs | 14.00 | 9.5% |
SunTrust Robinson Humphrey upgraded Callon Petroleum Co (NYSE: CPE), an independent oil and natural gas company, to buy from neutral raising its price target to $12.00 from $11.00, indicating an upside potential of 30.3% from current levels.
Marcus Corp (NYSE: MCS), engaged in the business of movie theatres, hotels and resorts, was upgraded by B Riley & Co to buy rating from neutral with a price target of $21.00, indicating an upside of 22.6% from current levels.
Feltl & Company upgraded Casey’s General Stores Inc (NASDAQ: CASY), engaged in operations of convenience stores in the Midwest, to buy from hold raising its price target to $81.40 from $76.70, indicating an upside of 15.5% from current levels.
Cowen and Company initiated coverage on Midstates Petroleum Co Inc (NYSE: MPO), an independent oil exploration and production company, with a market perform rating assigning a 12-months price target of $7.00, indicating an upside potential of 11.1% from current levels.
GT Advanced Technologies Inc (NASDAQ: GTAT), engaged in providing advanced materials and crystal growth equipments, was downgraded by Goldman Sachs to neutral from buy reducing its price target to $14.00 from $20.00, implying an upside of 9.5% from current levels.
