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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Pure Technologies Ltd | TSX | PUR | 8.50 | 440.7 | Upgrade to buy from market perform | Sarah Hughes | Cormark Securities Inc. | 9.25 | 8.8% |
| Primero Mining Corp | TSX | P | 6.67 | 1,066.9 | Upgrade to buy from hold | Matthew Sheppard | Jacob Securities Inc | 8.50 | 27.4% |
| Labrador Iron Ore Royalty Corp | TSX | LIF | 27.00 | 1,728.0 | Upgrade to buy from hold | Jackie Przybylowski | Desjardins Securities | 36.00 | 33.3% |
| Canamax Energy Ltd | TSXV | CAC | 1.34 | 55.8 | Initiate with buy | Kuno Ryckborst | Beacon Securities Ltd | 2.20 | 64.2% |
| Copper Mountain Mining Corp | TSX | CUM | 2.70 | 320.7 | Downgrade to sector perform from outperform | Stephen Parsons | National Bank Financial | 3.00 | 11.1% |
Cormark Securities Inc. upgraded Pure Technologies Ltd (TSX: PUR), provides monitoring and surveillance of physical infrastructure utilizing patented technologies, to buy from market perform raising its price target to C$9.25 from C$8.25, indicating an upside of 8.8% from current levels.
Primero Mining Corp (TSX: P), a gold and silver producer, was upgraded by Jacob Securities Inc to buy from hold with a price target of C$8.50, indicating an upside potential of 27.4% from current levels.
Desjardins Securities upgraded Labrador Iron Ore Royalty Corp (TSX: LIF), holds an overriding royalty on all iron ore products produced, sold, delivered, and shipped by Iron Ore Company of Canada., to buy from hold raising its price target to C$36.00 from C$35.00, indicating an upside of 33.3% from current levels.
Beacon Securities Ltd initiated coverage on Canamax Energy Ltd (TSXV: CAC), engaged in exploring, developing petroleum and natural gas resources, with a buy rating assigning a 12-month price target of C$2.20, indicating an upside of 64.2% from current levels.
Copper Mountain Mining Corp (TSX: CUM), engaged in exploration, development and operation of mineral deposits, was downgraded by National Bank Financial to sector perform from outperform by reducing its price target to C$3.00 from C$3.20, indicating an upside of 11.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| AVANIR Pharmaceuticals Inc | NASDAQ | AVNR | 12.49 | 2,146.2 | Upgrade to buy from hold | Thomas Wei | Jefferies | 17.00 | 36.1% |
| Chuy’s Holdin Inc | NASDAQ | CHUY | 31.23 | 513.3 | Upgrade to buy from hold | Christopher O’Cull | KeyBanc Capital Markets | 34.00 | 8.9% |
| Abaxis Inc | NASDAQ | ABAX | 52.27 | 1,177.3 | Upgrade to buy from hold | Mark A Massaro | Canaccord Genuity Corp | 60.00 | 14.8% |
| Capital Product Partners LP | NASDAQ | CPLP | 10.05 | 1,045.1 | Initiate with buy | Amit Mehrotra | Deutsche Bank | 15.00 | 49.3% |
| Douglas Dynamics Inc | NYSE | PLOW | 19.26 | 429.2 | Downgrade to neutral from outperform | Timothy Wojs | Robert W. Baird & Co | 19.00 | -1.3% |
Jefferies upgraded AVANIR Pharmaceuticals Inc (NASDAQ: AVNR), engaged in developing and commercializing therapeutic products for the treatment of central nervous system disorders, to buy from hold raising its price target to $17.00 from $5.00, indicating an upside of 36.1% from current levels. Recently, ANVR successfully completed its phase 2 trial of evaluating AVP-923 for the treatment of agitation in patients with Alzheimer’s disease
Chuy’s Holding Inc (NASDAQ: CHUY), a full-service restaurant, was upgraded by KeyBanc Capital Markets to buy rating from hold, with a price target of $34.00, indicating an upside potential of 8.9% from current levels. The rating firm believes that additional menu pricing will provide better earnings visibility for the company and also will show sequential improvement in the new store margins for the remaining year.
Canaccord Genuity Corp upgraded Abaxis Inc (NASDAQ: ABAX), engaged in developing, manufacturing, and marketing portable blood analysis systems for use in any patient care setting, to buy from hold raising its price target to $60.00 from $40.00, indicating an upside of 14.8% from current levels. The rating firm expects the company to gain market share by moving to an all-direct sales force.
Deutsche Bank initiated coverage on Capital Product Partners LP (NASDAQ: CPLP), engaged in the seaborne transportation services of crude oil and refined petroleum products, edible oils and soft chemicals, with a buy rating assigning a 12-months price target of $15.00, indicating an upside potential of 49.3% from current levels.
Douglas Dynamics Inc (NYSE: PLOW), engaged in designing, manufacturing and selling snow and ice control equipment for light trucks, was downgraded by Robert W. Baird & Co to neutral from outperform with a price target of $19.00, implying a downside of 1.3% from current levels.
