Realogy Holdings
Corp. (NYSE: RLGY) and DIRTT Environmental Solutions (TSX: DRT) are among a
number of stocks that received an analyst upgrade or downgrade recently,
including one with upside potential of more than 40%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Strategic Oil & Gas Ltd | TSXV | SOG | 0.39 | 138.9 | Upgrade to hold from reduce | Aaron Swanson | GMP | 0.40 | 3.9% |
| DIRTT Environmental Solutions | TSX | DRT | 3.57 | 255.9 | Initiate with buy | Michael Glen | Laurentian Bank Securities | 5.00 | 40.1% |
| Leucrotta Exploration Inc | TSXV | LXE | 2.13 | 281.3 | Initiate with outperform | Patrick J O’Rourke | Alta Corp Capital Inc. | 3.50 | 64.3% |
| Polymet Mining Corp | TSX | POM | 1.27 | 350.1 | Initiate with buy | Christopher W Krueger | Lake Street Capital Markets LLC | 2.77 | 118.1% |
| BlackBerry Ltd | TSX | BB | 11.70 | 6,170.8 | Downgrade to market perform from speculative buy | Richard Tse | Cormark Securities Inc. | 12.75 | 9.0% |
GMP upgraded Strategic Oil & Gas Ltd (TSXV: SOG), engaged in the exploration for and development of petroleum and natural gas reserves in Western Canada, to hold from reduce with a price target of C$0.40, indicating an upside of 3.9% from current levels.
Laurentian Bank Securities initiated coverage on DIRTT Environmental Solutions (TSX: DRT), engaged in manufacturing interior space solutions, with a buy rating assigning a 12-month price target of C$5.00, indicating an upside of 40.1% from current levels.
Coverage on Leucrotta Exploration Inc (TSXV: LXE), engaged in exploration of oil and natural gas, was initiated with an outperform rating at Alta Corp Capital Inc., assigning a 12-months price target of C$3.50, indicating an upside potential of 64.3% from current levels.
Lake Street Capital Markets LLC initiated coverage on Polymet Mining Corp (TSX: POM), engaged in the exploration and development of natural resource properties, with a buy rating assigning a 12-month price target of C$2.77, indicating an upside of 118.1% from current levels.
BlackBerry Ltd (TSX: BB), engaged in designing, manufacturing and marketing wireless solutions for the worldwide mobile communications market, was downgraded by Cormark Securities Inc. to market perform from speculative buy with a price target of $12.75, implying an upside potential of 9.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Cree Inc | NASDAQ | CREE | 42.00 | 5,017.8 | Upgrade to equalweight from underweight | Harsh Kumar | Stephens Inc | 42.00 | 0.0% |
| SVB Financial Group | NASDAQ | SIVB | 112.73 | 5,719.0 | Upgrade to overweight from equalweight | Matthew J Keating | Barclays | 135.00 | 19.8% |
| Laredo Petroleum Inc | NYSE | LPI | 22.11 | 3,178.6 | Upgrade to accumulate from hold | John J Gerdes | KLR Group | 27.00 | 22.1% |
| Realogy Holdings Corp | NYSE | RLGY | 38.60 | 5,641.0 | Initiate with overweight | Jason S Deleeuw | Piper Jaffray | 47.00 | 21.8% |
| Dresser-Rand Group Inc | NYSE | DRC | 82.25 | 6,303.0 | Downgrade to neutral from positive | Charles P Minervino | Susquehanna Financial Group | 85.00 | 3.3% |
Stephens Inc upgraded Cree Inc (NASDAQ: CREE), engaged in developing and manufacturing semiconductor materials and devices, to equal weight from underweight with a price target of $42.00.
SVB Financial Group (NASDAQ: SIVB), engaged in serving emerging growth and middle-market growth companies, was upgraded by Barclays to overweight from equal weight raising its price target to $135.00 from $128.00, indicating an upside potential of 19.8% from current levels. The rating firm believes that the company can generate higher free income as its estimates are above consensus.
KLR Group upgraded Laredo Petroleum Inc (NYSE: LPI), engaged in exploration, development and acquisition of oil and natural gas properties, to accumulate from hold with a price target of $27.0, indicating an upside of 22.1% from current levels.
Piper Jaffray initiated coverage on Realogy Holdings Corp (NYSE: RLGY), an integrated provider of residential real estate services in the United States, with an overweight rating assigning a 12-months price target of $47.00, indicating an upside potential of 21.8% from current levels.
Dresser-Rand Group Inc (NYSE: DRC), engaged in manufacturing equipment for the oil and natural gas industries, was downgraded by Susquehanna Financial Group to neutral from positive with a price target of $85.00, implying an upside potential of 3.3% from current levels.
