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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Marquee Energy Ltd | TSXV | MQL | 0.99 | 119.1 | Upgrade to buy from neutral | Chad Ellison | Dundee Securities Corp | 1.45 | 46.5% |
| Trevali Mining Corp | TSX | TV | 1.17 | 328.3 | Upgrade to buy from hold | Stefan Ioannou | Haywood Securities Inc. | 1.35 | 15.4% |
| Bombardier Inc | TSX | BBD/B | 3.63 | 6,400.6 | Upgrade to buy from market perform | David F Newman | Cormark Securities Inc. | 4.25 | 17.1% |
| Tuscany Energy Ltd | TSXV | TUS | 0.55 | 25.4 | Initiate with speculative buy | Trevor Reynolds | Acumen Capital Finance | 0.85 | 54.5% |
| GLV Inc | TSX | GLV/A | 2.75 | 121.6 | Downgrade to sector perform from outperform | Sara O’Brien | RBC Capital Markets | 3.50 | 27.3% |
Dundee Securities Corp upgraded Marquee Energy Ltd (TSXV: MQL), engaged in the acquisition, exploration, development and production of petroleum and natural gas reserves in Western Canada, to buy from neutral raising its price target to C$1.45 from C$1.35, indicating an upside of 46.5% from current levels.
Trevali Mining Corp (TSX: TV), engaged in the acquisition, exploration and development of polymetallic properties, was upgraded by Haywood Securities Inc. to buy from hold with a price target of C$1.35, indicating an upside potential of 15.4% from current levels.
Cormark Securities Inc. upgraded Bombardier Inc (TSX: BBD/B), engaged in manufacturing transportation solutions, to buy from market perform with a price target of C$4.25, indicating an upside of 17.1% from current levels.
Coverage on Tuscany Energy Ltd (TSXV: TUS), engaged in the exploration, development, production, marketing and operation of oil and natural gas properties in Canada, was initiated with a speculative buy rating at Acumen Capital Finance, assigning a 12-month price target of C$0.85, indicating an upside potential of 54.5% from current levels.
RBC Capital Markets downgraded GLV Inc (TSX: GLV/A), engaged in manufacturing water treatment, pulp and paper production machinery, to sector perform from outperform by reducing its price target to C$3.50 from C$4.00, indicating an upside of 27.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Washington Prime Group Inc | NYSE | WPG | 17.31 | 2,685.9 | Upgrade to buy from neutral | Ki Bin Kim | SunTrust Robinson Humphrey | 21.00 | 21.3% |
| Chico’s FAS Inc | NYSE | CHS | 14.83 | 2,265.9 | Upgrade to outperform from market perform | Anna Andreeva | Oppenheimer & Co | 18.00 | 21.4% |
| Chesapeake Utilities Corp | NYSE | CPK | 42.35 | 617.1 | Upgrade to buy from hold | Michael E Gaugler | Brean Capital LLC | 45.00 | 6.3% |
| Brunswick Corp/DE | NYSE | BC | 43.17 | 4,010.1 | Initiate with buy | Rommel Dionisio | Wunderlich Securities | 57.00 | 32.0% |
| Starwood Property Trust Inc | NYSE | STWD | 22.29 | 4,961.8 | Downgrade to neutral from buy | Fred Small | Compass Point Research & Trading LLC | 24.00 | 7.7% |
SunTrust Robinson Humphrey upgraded Washington Prime Group Inc (NYSE: WPG), engaged in acquiring, developing and owning shopping centers, to buy from neutral with a price target of $21.00, indicating an upside of 21.3% from current levels.
Chico’s FAS Inc (NYSE: CHS), retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items, was upgraded by Oppenheimer & Co to outperform from market perform raising its price target to $18.00 from $16.00, indicating an upside potential of 21.4% from current levels.
Brean Capital LLC upgraded Chesapeake Utilities Corp (NYSE: CPK), engaged in providing natural gas transmission and distribution, propane distribution, and information technology services, to buy from hold with a price target of $45.00, indicating an upside of 6.3% from current levels.
Wunderlich Securities initiated coverage on Brunswick Corp/DE (NYSE: BC), engaged in manufacturing consumer products and serving outdoor and indoor active recreation markets, with a buy rating assigning a 12-month price target of $57.00, indicating an upside potential of 32.0% from current levels.
Starwood Property Trust Inc (NYSE: STWD), engaged in originating and investing in commercial mortgage loans, commercial mortgage-backed securities, and other commercial real estate-related debt investments, was downgraded by Compass Point Research & Trading LLC to neutral from buy by reducing its price target to $24.00 from $26.50, implying an upside potential of 7.7% from current levels.
