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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Precision Drilling Corp | TSX | PD | 12.57 | 3,679.9 | Upgrade to outperform from market perform | Kevin Lo | FirstEnergy Capital Corp | 16.00 | 27.3% |
| WesternZagros Resources Ltd | TSXV | WZR | 0.87 | 414.7 | Upgrade to speculative buy from hold | Shahin Amini | TD Securities | 1.25 | 43.7% |
| TransAlta Renewables Inc | TSX | RNW | 11.67 | 1,338.2 | Initiate with neutral | Angie Storozynski | Macquarie | 12.50 | 7.1% |
| Touchstone Exploration Inc | TSX | TXP | 0.83 | 68.9 | Initiate with buy | Michael Charlton | Industrial Alliance Securities | 1.50 | 80.7% |
| Brookfield Renewable Energy Partners LP/CA | TSX | BEP-U | 32.81 | 4,701.8 | Initiate with outperform | Angie Storozynski | Macquarie | 39.00 | 18.9% |
FirstEnergy Capital Corp upgraded Precision Drilling Corp (TSX: PD), a provider of oil field drilling and energy services to the oil and gas industry, to outperform from market perform with a price target of C$16.00, indicating an upside of 27.3% from current levels.
WesternZagros Resources Ltd (TSXV: WZR), engaged in acquiring properties, exploring, developing and producing crude oil and natural gas, was upgraded by TD Securities to speculative buy rating from hold raising its price target to C$1.25 from C$1.15 indicating an upside potential of 43.7% from current levels.
Macquarie initiated coverage on TransAlta Renewables Inc (TSX: RNW), a generator and marketer of electricity and renewable power, with a neutral rating assigning a 12-month price target of C$12.50, indicating an upside of 7.1% from current levels.
Coverage on Touchstone Exploration Inc (TSX: TXP), engaged in exploration and development of oil and natural gas in western Canada, was initiated with a buy rating at Industrial Alliance Securities, assigning a 12-months price target of C$1.50, indicating an upside potential of 80.7% from current levels
Macquarie initiated coverage on Brookfield Renewable Energy Partners LP/CA (TSX: BEP-U), engaged in producing electricity exclusively from environmentally friendly hydroelectric resources, with an outperform rating assigning a 12-month price target of C$39.00, indicating an upside of 18.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| UCP Inc | NYSE | UCP | 12.90 | 238.8 | Upgrade to buy from neutral | Brendan Lynch | Sidoti & Company LLC | 15.00 | 16.3% |
| American Software Inc/GA | NASDAQ | AMSWA | 8.75 | 247.4 | Upgrade to buy from neutral | Matthew Galinko | Sidoti & Company LLC | 11.00 | 25.7% |
| Bill Barrett Corp | NYSE | BBG | 24.11 | 1,196.8 | Upgrade to buy from neutral | Jeffrey Connolly | Mizuho Securities USA Inc | 28.00 | 16.1% |
| ID Systems Inc | NASDAQ | IDSY | 6.39 | 78.4 | Initiate with buy | Michael Crawford | B Riley & Co | 9.00 | 40.8% |
| Auxilium Pharmaceuticals Inc | NASDAQ | AUXL | 31.18 | 1,570.1 | Downgrade to market perform from outperform | Joseph P Schwartz | Leerink Partners LLC | 32.00 | 2.6% |
Sidoti & Company LLC upgraded UCP Inc (NYSE: UCP), engaged in home building and land developing, to buy from neutral with a price target of $15.00, indicating an upside of 16.3% from current levels.
American Software Inc/GA (NASDAQ: AMSWA), develops, markets and supports a portfolio of software and services, was upgraded by Sidoti & Company LLC to buy rating from neutral, with a price target of $11.00, indicating an upside potential of 25.7% from current levels.
Mizuho Securities USA Inc upgraded Bill Barrett Corp (NYSE: BBG), engaged in exploration and development of oil and natural gas, to buy from neutral raising its price target to $28.00 from $24.00, indicating an upside of 16.1% from current levels.
B Riley & Co initiated coverage on ID Systems Inc (NASDAQ: IDSY), engaged in developing, marketing and selling wireless solutions for managing and securing high-value enterprise assets, with a buy rating assigning a 12-months price target of $9.00, indicating an upside potential of 40.8% from current levels.
Auxilium Pharmaceuticals Inc (NASDAQ: AUXL), develops and markets therapeutics to urologists, endocrinologists, orthopedists and select primary care physicians, was downgraded by Leerink Partners LLC to market perform from outperform with a price target of $32.00, implying an upside of 2.6% from current levels.
