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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Celestica Inc | TSX | CLS | 11.12 | 1,972.1 | Upgrade to sector perform from sector underperform | Daniel Chan | Scotia Capital | 11.60 | 4.3% |
| SEMAFO Inc | TSX | SMF | 3.88 | 1,073.8 | Upgrade to sector outperform from sector perform | Ovais Habib | Scotia Capital | 4.75 | 22.4% |
| Enerplus Corp | TSX | ERF | 20.65 | 4,238.0 | Upgrade to outperform from sector perform | Greg M Pardy | RBC Capital Markets | 28.00 | 35.6% |
| Atico Mining Corp | TSXV | ATY | 0.71 | 69.3 | Initiate with buy | David Charles | Dundee Securities Corp | 1.00 | 40.8% |
| Ceiba Energy Services Inc | TSXV | CEB | 1.00 | 102.1 | Initiate with buy | Nikolaus Kiefer | Haywood Securities Inc. | 1.45 | 45.0% |
Scotia Capital upgraded Celestica Inc (TSX: CLS), engaged in designing and manufacturing electronic components, to sector perform from sector underperform with a price target of C$11.60, indicating an upside of 4.3% from current levels.
SEMAFO Inc (TSX: SMF), engaged in gold production and exploration activities in West Africa, was upgraded by Scotia Capital to sector outperform from sector perform with a price target of C$4.75, indicating an upside potential of 22.4% from current levels.
RBC Capital Markets upgraded Enerplus Corp (TSX: ERF), engaged in exploration and development of crude oil and natural gas, to outperform from sector perform with a price target of C$28.00, indicating an upside of 35.6% from current levels.
Dundee Securities Corp initiated coverage on Atico Mining Corp (TSXV: ATY), engaged in exploration and development of copper and gold, with a buy rating assigning a 12-month price target of C$1.00, indicating an upside of 40.8% from current levels.
Coverage on Ceiba Energy Services Inc (TSXV: CEB), engaged in providing services to the oil and gas industry, was initiated with a buy rating at Haywood Securities Inc., assigning a 12-months price target of C$1.45, indicating an upside potential of 45.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Leggett & Platt Inc | NYSE | LEG | 35.41 | 4,860.4 | Upgrade to outperform from market perform | Beryl Bugatch | Raymond James | 38.00 | 7.3% |
| Sirona Dental Systems Inc | NASDAQ | SIRO | 77.28 | 4,464.0 | Upgrade to outperform from neutral | Jeffrey D Johnson | Robert W. Baird & Co | 88.00 | 13.9% |
| Dun & Bradstreet Corp/The | NYSE | DNB | 117.89 | 4,287.6 | Upgrade to outperform from neutral | Jeffrey P Meuler | Robert W. Baird & Co | 135.00 | 14.5% |
| Kirby Corp | NYSE | KEX | 118.73 | 6,774.7 | Initiate with neutral | Kelly A Dougherty | Macquarie | 125.00 | 5.3% |
| Dresser-Rand Group Inc | NYSE | DRC | 81.97 | 6,280.2 | Downgrade to market perform from outperform | Chase Jacobson | William Blair & Co | 83.00 | 1.3% |
Raymond James upgraded Leggett & Platt Inc (NYSE: LEG), engaged in manufacturing a wide range of engineering products, to outperform from market perform with a price target of $38.00, indicating an upside of 7.3% from current levels.
Sirona Dental Systems Inc (NASDAQ: SIRO), engaged in manufacturing dental equipment, developing and marketing solutions for dentists around the world, was upgraded by Robert W. Baird & Co to outperform from neutral raising its price target to $88.00 from $83.00, indicating an upside potential of 13.9% from current levels.
Robert W. Baird & Co upgraded Dun & Bradstreet Corp/The (NYSE: DNB), engaged in providing business information and technology solutions, to outperform from neutral raising its price target to $135.00 from $120.00, indicating an upside of 14.5% from current levels.
Macquarie initiated coverage on Kirby Corp (NYSE: KEX), engaged in operating a fleet of inland tank barges, with a neutral rating assigning a 12-months price target of $125.00, indicating an upside potential of 5.3% from current levels.
Dresser-Rand Group Inc (NYSE: DRC), engaged in manufacturing equipment for the oil and natural gas industries, was downgraded by William Blair & Co to market perform from outperform with a price target of $83.00, implying an upside potential of 1.3% from current levels.
