AMAG Pharmaceuticals Inc. (NASDAQ: AMAG) and Touchstone Exploration Inc. (TSX: TXP)
are among a number of stocks that received either an analyst upgrade or downgrade recently,
including one with potential upside of more than 163%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Kirkland Lake Gold Inc | TSX | KGI | 4.95 | 356.8 | Upgrade to buy from hold | Hunter Hillcoat | Investec | 5.62 | 13.5% |
| Dominion Diamond Corp | TSX | DDC | 15.91 | 1,354.5 | Upgrade to overweight from equalweight | David Butler | Barclays | 20.17 | 26.8% |
| Touchstone Exploration Inc | TSX | TXP | 0.76 | 63.1 | Initiate with buy | Kimberly Hedlin | Canaccord Genuity Corp | 2.00 | 163.2% |
| Parallel Energy Trust | TSX | PLT-U | 3.69 | 198.9 | Initiate with buy | Nav Malik | Octagon Capital Corporation | 4.75 | 28.7% |
| Tricon Capital Group Inc | TSX | TCN | 7.71 | 699.6 | Initiate with outperform | Ken Avalos | Raymond James | 9.50 | 23.2% |
Investec upgraded Kirkland Lake Gold Inc (TSX: KGI), engaged in the operations of gold mining, to buy from hold raising its price target to C$5.62 from C$3.81, indicating an upside of 13.5% from current levels.
Dominion Diamond Corp (TSX: DDC), engaged in mining and marketing of rough diamonds to the global market, was upgraded by Barclays to overweight from equal weight raising its price target to C$20.17 from C$15.17, indicating an upside potential of 26.8% from current levels.
Canaccord Genuity Corp initiated coverage on Touchstone Exploration Inc (TSX: TXP), engaged in exploring and developing oil and natural gas in Alberta, Canada, with a buy rating assigning a 12-month price target of C$2.00, indicating an upside potential of 163.2% from current levels.
Coverage on Parallel Energy Trust (TSX: PLT-U), engaged in the acquisition and development of conventional oil and natural gas reserves, was initiated with a buy rating at Octagon Capital Corporation, assigning a 12-month price target of C$4.75, indicating an upside potential of 28.7% from current levels.
Raymond James initiated coverage on Tricon Capital Group Inc (TSX: TCN), a real estate asset manager with primary focus on the residential sector, with an outperform rating assigning a 12-month price target of C$9.50, indicating an upside potential of 23.2% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Copa Holdings SA | NYSE | CPA | 107.29 | 4,760.7 | Upgrade to equalweight from underweight | Christopher A Recouso | Brasil Plural | 115.00 | 7.2% |
| TIBCO Software Inc | NASDAQ | TIBX | 23.63 | 3,914.9 | Upgrade to equalweight from underweight | Raimo Lenschow | Barclays | 24.00 | 1.6% |
| AMAG Pharmaceuticals Inc | NASDAQ | AMAG | 31.91 | 700.7 | Upgrade to buy from hold | Eun K Yang | Jefferies | 40.00 | 25.4% |
| Tuesday Morning Corp | NASDAQ | TUES | 19.41 | 847.3 | Initiate with equalweight | John R Lawrence | Stephens Inc | 23.00 | 18.5% |
| Starz | NASDAQ | STRZA | 33.08 | 3,541.5 | Downgrade to hold from buy | Robert G Routh | National Alliance Capital Markets | 36.49 | 10.3% |
Brasil Plural upgraded Copa Holdings SA (NYSE: CPA), engaged in providing international airline passenger and cargo service, to equal weight from underweight with a price target of $115.00, indicating an upside of 7.2% from current levels.
TIBCO Software Inc (NASDAQ: TIBX), engaged in providing middleware and infrastructure software, was upgraded by Barclays to equal weight from underweight raising its price target to $24.00 from $19.00, indicating an upside potential of 1.6% from current levels. The upgrade resulted as the rating firm believes that the software company will be acquired by Vista Equity Partners at $24 per share for $4.3 billion in cash.
Jefferies upgraded AMAG Pharmaceuticals Inc (NASDAQ: AMAG), engaged in the development and commercialization of therapeutic iron compounds to treat anemia and novel imaging agents to aid in the diagnosis of cancer and cardiovascular disease, to buy from hold raising its price target to $40.00 from $21.00, indicating an upside of 25.4% from current levels.
Stephens Inc initiated coverage on Tuesday Morning Corp (NASDAQ: TUES), retailer of upscale home furnishings, gifts, and related items, with an equal weight rating assigning a 12-month price target of $23.00, indicating an upside potential of 18.5% from current levels.
Starz (NASDAQ: STRZA), engaged in providing premium subscription video programming on domestic U.S. pay television channels, global content distribution, and animated television and movie production, was downgraded by National Alliance Capital Markets to hold from buy with a price target of $36.49, implying an upside potential of 10.3% from current levels.
