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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Crew Energy Inc | TSX | CR | 9.60 | 1,170.8 | Upgrade to outperform from market perform | Robert J Fitzmartyn | FirstEnergy Capital Corp | 12.75 | 32.8% |
| Manitoba Telecom Services Inc | TSX | MBT | 30.11 | 2,341.4 | Upgrade to buy from hold | Vince Valentini | TD Securities | 33.00 | 9.6% |
| Northland Power Inc | TSX | NPI | 16.95 | 2,493.7 | Upgrade to outperform from sector perform | Patrick Kenny | National Bank Financial | 19.00 | 12.1% |
| Alamos Gold Inc | TSX | AGI | 8.79 | 1,119.5 | Initiate with outperform | Adam Melnyk | National Bank Financial | 12.30 | 39.9% |
| Pan American Silver Corp | TSX | PAA | 13.03 | 1,974.1 | Downgrade to hold from buy | Daniel Earle | TD Securities | 16.62 | 27.6% |
FirstEnergy Capital Corp upgraded Crew Energy Inc (TSX: CR), engaged in exploration, development and production of oil and gas, to outperform from market perform with a price target of C$12.75, indicating an upside of 32.8% from current levels.
Manitoba Telecom Services Inc (TSX: MBT), engaged in providing full service telecommunications, was upgraded by TD Securities to buy from hold with a price target of C$33.00, indicating an upside potential of 9.6% from current levels.
National Bank Financial upgraded Northland Power Inc (TSX: NPI), engaged in power generation facilities in Canada, the U.S. and Germany, to outperform from sector perform with a price target of C$19.00, indicating an upside of 12.1% from current levels.
Coverage on Alamos Gold Inc (TSX: AGI), engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey, was initiated with an outperform rating at National Bank Financial, assigning a 12-months price target of C$12.30, indicating an upside potential of 39.9% from current levels.
Pan American Silver Corp (TSX: PAA), engaged in exploration, development and operation of silver producing properties and assets, was downgraded by TD Securities to hold from buy reducing its price target to C$16.62 from C$20.82, implying an upside potential of 27.6% from current levels. The rating firm believes that there will be possible erosion in the company’s balance sheet and in its growth prospects if silver prices do not rebound.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Buffalo Wild Wings Inc | NASDAQ | BWLD | 136.06 | 2,574.3 | Upgrade to buy from hold | Stephen Anderson | Miller Tabak + Co., LLC | 170.00 | 24.9% |
| SYNNEX Corp | NYSE | SNX | 62.24 | 2,439.1 | Upgrade to outperform from market perform | Brian G Alexander | Raymond James | 68.00 | 9.3% |
| Old National Bancorp/IN | NASDAQ | ONB | 13.51 | 1,550.7 | Upgrade to buy from neutral | Peyton N Green | Sterne Agee & Leach | 16.25 | 20.3% |
| Ubiquiti Networks Inc | NASDAQ | UBNT | 39.51 | 3,486.2 | Initiate with buy | Inder M Singh | SunTrust Robinson Humphrey | 45.00 | 13.9% |
| Auxilium Pharmaceuticals Inc | NASDAQ | AUXL | 30.87 | 1,554.5 | Downgrade to sector perform from outperform | Michael J Yee | RBC Capital Markets | 32.00 | 3.7% |
Miller Tabak + Co., LLC upgraded Buffalo Wild Wings Inc (NASDAQ: BWLD), engaged in operating and franchising of restaurants, to buy from hold raising its price target to $170.00 from $160.00, indicating an upside of 24.9% from current levels. The rating firm believes that there will be a reduction in the costs of the company as the record current U.S. corn harvest should make chicken-wing costs to fall.
SYNNEX Corp (NYSE: SNX), engaged in providing services to resellers, retailers and original equipment manufacturers in multiple regions around the world, was upgraded by Raymond James to outperform from market perform with a price target of $68.00, indicating an upside potential of 9.3% from current levels.
Sterne Agee & Leach upgraded Old National Bancorp/IN (NASDAQ: ONB), engaged in providing a range of services, including commercial and consumer loan and depository services, investment and brokerage services, lease financing and other traditional banking services, to buy from neutral with a price target of $16.25, indicating an upside of 20.3% from current levels.
SunTrust Robinson Humphrey initiated coverage on Ubiquiti Networks Inc (NASDAQ: UBNT), engaged in designing, manufacturing and selling broadband wireless solutions worldwide, with a buy rating assigning a 12-months price target of $45.00, indicating an upside potential of 13.9% from current levels.
Auxilium Pharmaceuticals Inc (NASDAQ: AUXL), engaged in developing and marketing therapeutics to urologists, endocrinologists and orthopedists, was downgraded by RBC Capital Markets to sector perform from outperform with a price target of $32.00, implying an upside potential of 3.7% from current levels.
