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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| WesternZagros Resources Ltd | TSXV | WZR | 0.90 | 429.0 | Upgrade to outperform from sector perform | Al Stanton | RBC Capital Markets | 1.40 | 55.6% |
| AltaGas Ltd | TSX | ALA | 50.89 | 6,757.7 | Upgrade to outperform from market perform | Steven I Paget | FirstEnergy Capital Corp | 63.00 | 23.8% |
| Retrocom Real Estate Investment Trust | TSX | RMM-U | 4.41 | 329.7 | Initiate with market perform | Troy Maclean | BMO Capital Markets | 5.00 | 13.4% |
| Pure Gold Mining Inc | TSXV | PGM | 0.48 | 50.5 | Initiate with outperform | Michael Gray | Macquarie | 0.80 | 68.4% |
| Lydian International Ltd | TSX | LYD | 0.85 | 129.3 | Downgrade to market perform from buy | Mike Kozak | Cormark Securities Inc. | 1.05 | 23.5% |
RBC Capital Markets upgraded WesternZagros Resources Ltd (TSXV: WZR), an international oil and gas company engaged in acquiring properties and exploring, developing and producing crude oil and natural gas in Iraq, to outperform from sector perform with a price target of C$1.40, indicating an upside of 55.6% from current levels.
AltaGas Ltd (TSX: ALA), which produces, transmits, distributes, processes, stores natural gas, and generates electricity, was upgraded by FirstEnergy Capital Corp to outperform from market perform raising its price target to C$63.00 from C$54.00, indicating an upside of 23.8% from current levels.
BMO Capital Markets initiated coverage on Retrocom Real Estate Investment Trust (TSX: RMM-U), engaged in owning and acquiring mid-market commercial properties in primary and secondary cities across Canada, with a market perform rating assigning a 12-month price target of C$5.00, indicating an upside of 13.4% from current levels.
Coverage on Pure Gold Mining Inc (TSXV: PGM), engaged in exploring gold, other precious and base metal properties, was initiated with an outperform rating at Macquarie, assigning a 12-months price target of C$0.80, indicating an upside potential of 68.4% from current levels.
Lydian International Ltd (TSX: LYD), a mineral exploration and development company, was downgraded by Cormark Securities Inc. to market perform from buy by reducing its price target to C$1.05 from C$1.25, indicating an upside of 23.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Conversant Inc | NASDAQ | CNVR | 34.80 | 2,229.9 | Upgrade to neutral from sell | Debra Schwartz | Goldman Sachs | 31.00 | -10.9% |
| Noranda Aluminum Holding Corp | NYSE | NOR | 5.63 | 387.6 | Upgrade to buy from neutral | Sal Tharani | Goldman Sachs | 7.00 | 24.3% |
| Cal-Maine Foods Inc | NASDAQ | CALM | 84.99 | 2,056.0 | Upgrade to buy from neutral | Francesco Pellegrino | Sidoti & Company LLC | 102.00 | 20.0% |
| Streamline Health Solutions Inc | NASDAQ | STRM | 4.09 | 74.3 | Initiate with market perform | Charles Rhyee | Cowen and Company | 5.00 | 22.2% |
| Taminco Corp | NYSE | TAM | 26.53 | 1,763.5 | Downgrade to hold from buy | David I Begleiter | Deutsche Bank | 26.00 | -2.0% |
Goldman Sachs upgraded Conversant Inc (NASDAQ: CNVR), a digital marketing services company, to neutral from sell raising its price target to $31.00 from $23.00, indicating a downside of 10.9% from current levels.
Noranda Aluminum Holding Corp (NYSE: NOR), engaged in producing aluminum products and rolled aluminum coils, was upgraded by Goldman Sachs to buy rating from neutral raising its price target to $7.00 from $4.80, indicating an upside of 24.3% from current levels.
Sidoti & Company LLC upgraded Cal-Maine Foods Inc (NASDAQ: CALM), engaged in producing and marketing shell eggs in the United States, to buy from neutral raising its price target to $102.00 from $87.00, indicating an upside of 20% from current levels.
Cowen and Company initiated coverage on Streamline Health Solutions Inc (NASDAQ: STRM), engaged in providing computer software-based solutions that help hospitals and physicia, with a market perform rating assigning a 12-months price target of $5.00, indicating an upside potential of 22.2% from current levels.
Taminco Corp (NYSE: TAM), a producer of alkylamines and alkylamine derivatives, was downgraded by Deutsche Bank to hold from buy with a price target of $26.00, implying a downside of -2% from current levels.
