STR Holdings Inc.
(NYSE: STRI) and Ballard Power
Systems Inc. (TSX: BLD) are among a number of stocks that received an analyst
upgrade or downgrade recently, including one with potential upside of more than
125%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Ballard Power Systems Inc | TSX | BLD | 3.58 | 472.7 | Upgrade to buy from neutral | Les Sulewski | Sidoti & Company LLC | 5.49 | 53.4% |
| Great Prairie Energy Services Inc | TSXV | GPE | 0.42 | 49.1 | Initiate with buy | Stephen Kammermayer | Clarus Securities | 0.80 | 92.8% |
| Rock Energy Inc | TSX | RE | 7.23 | 290.5 | Initiate with outperform | Dan Payne | National Bank Financial | 10.00 | 38.3% |
| Intertape Polymer Group Inc | TSX | ITP | 15.78 | 962.8 | Initiate with outperform | Ben Holton | RBC Capital Markets | 19.00 | 20.4% |
| Quebecor Inc | TSX | QBR/B | 28.43 | 3,488.7 | Downgrade to market perform from buy | David McFadgen | Cormark Securities Inc. | 33.00 | 16.1% |
Sidoti & Company LLC. upgraded Ballard Power Systems Inc (TSX: BLD), engaged in designing, developing, manufacturing, service hydrogen fuel cells for a range of applications, to buy from neutral raising its price target to C$5.49 from C$4.36, indicating an upside of 53.4% from current levels.
Clarus Securities initiated coverage on Great Prairie Energy Services Inc (TSXV: GPE), an energy services company, with a buy rating assigning a 12-month price target of C$0.80, indicating an upside of 92.8% from current levels.
Coverage on Rock Energy Inc (TSX: RE), engaged in exploration, development and production of crude oil and natural gas in Western Canada, was initiated with an outperform rating at National Bank Financial, assigning a 12-months price target of C$10.00, indicating an upside potential of 38.3% from current levels
RBC Capital Markets initiated coverage on Intertape Polymer Group Inc (TSX: ITP), specialty packaging industry engaged in developing, manufacturing and selling a variety of paper, film based products, with an outperform rating assigning a 12-month price target of C$19.00, indicating an upside of 20.4% from current levels.
Quebecor Inc (TSX: QBR/B), operates in the fields of publishing, distribution, multimedia, and broadcasting, was downgraded by Cormark Securities Inc. to market perform from buy with a price target of C$33.00, indicating an upside of 16.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| STR Holdings Inc | NYSE | STRI | 1.55 | 41.2 | Upgrade to buy from hold | Eric Stine | Craig-Hallum Capital Group LLC | 3.50 | 125.8% |
| REX American Resources Corp | NYSE | REX | 90.57 | 741.0 | Upgrade to buy from neutral | Katja Jancic | Sidoti & Company LLC | 113.00 | 24.8% |
| American Eagle Outfitters Inc | NYSE | AEO | 14.15 | 2,751.2 | Upgrade to overweight from equalweight | Rick Patel | Stephens Inc | 16.00 | 13.1% |
| Rexahn Pharmaceuticals Inc | NYSE | RNN | 0.75 | 133.7 | Initiate with buy | Dr Yale Jen | Laidlaw & Co | 3.50 | 366.7% |
| Con-way Inc | NYSE | CNW | 50.60 | 2,910.2 | Downgrade to neutral from outperform | Benjamin J Hartford | Robert W. Baird & Co | 55.00 | 8.7% |
Craig-Hallum Capital Group LLC upgraded STR Holdings Inc (NYSE: STRI), a provider of encapsulants to the solar industry, to buy from hold raising its price target to $3.50 from $2.00, indicating an upside of 125.8% from current levels.
REX American Resources Corp (NYSE: REX), engaged in producing ethanol, dried and modified distillers grains and also leases real estate properties, was upgraded by Sidoti & Company LLC to buy rating from neutral, with a price target of $113.00, indicating an upside potential of 24.8% from current levels.
Stephens Inc upgraded American Eagle Outfitters Inc (NYSE: AEO), retails men’s and women’s casual apparel, footwear, outerwear, and accessories, to overweight from equal weight raising its price target to $16.00 from $13.00, indicating an upside of 13.1% from current levels.
Laidlaw & Co initiated coverage on Rexahn Pharmaceuticals Inc (NYSE: RNN), engaged in developing signal inhibitor therapies for cancer, and treatments for central nervous system diseases, with a buy rating assigning a 12-months price target of $3.50, indicating an upside potential of 366.7% from current levels.
Con-way Inc (NYSE: CNW), engaged in providing transportation, logistics and supply-chain management services for a range of manufacturing, industrial and retail customers, was downgraded by Robert W. Baird & Co to neutral from outperform with a price target of $55.00, implying an upside of 8.7% from current levels.
