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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Veresen Inc | TSX | VSN | 17.25 | 3,805.8 | Upgrade to buy from hold | Robert Catellier | GMP | 19.00 | 10.1% |
| CERF Inc | TSXV | CFL | 3.29 | 64.5 | Initiate with buy | Elias Foscolos | Industrial Alliance Securities | 4.00 | 21.6% |
| Aveda Transportation and Energy Services Inc | TSXV | AVE | 4.70 | 93.6 | Initiate with buy | Russell Stanley | Jennings Capital | 7.00 | 48.9% |
| Contact Exploration Inc | TSXV | CEX | 0.48 | 135.3 | Initiate with buy | David Ricciardi | Jennings Capital | 0.85 | 78.9% |
| Westport Innovations Inc | TSX | WPT | 8.84 | 558.2 | Downgrade to hold from buy | Robert D. Brown | Lake Street Capital Markets LLC | 22.37 | 153.1% |
GMP upgraded Veresen Inc (TSX: VSN), engaged in pipeline transportation, midstream services, and power generation businesses, to buy from hold raising its price target to C$19.00 from C$15.00, indicating an upside of 10.1% from current levels.
Industrial Alliance Securities initiated coverage on CERF Inc (TSXV: CFL), engaged in rental, sale and service of industrial & construction equipment, waste management and environmental services, with a buy rating assigning a 12-month price target of C$4.00, indicating an upside potential of 21.6% from current levels.
Coverage on Aveda Transportation and Energy Services Inc (TSXV: AVE), engaged in the business of transportation of products, materials, and equipment that are required for the exploration, development and production of petroleum resources, was initiated with a buy rating at Jennings Capital, assigning a 12-month price target of C$7.00, indicating an upside potential of 48.9% from current levels.
Jennings Capital initiated coverage on Contact Exploration Inc (TSXV: CEX), engaged in the exploration for and production of petroleum and natural gas, with a buy rating assigning a 12-month price target of C$0.85, indicating an upside potential of 78.9% from current levels.
Lake Street Capital Markets LLC downgraded Westport Innovations Inc (TSX: WPT), engaged in providing engine and fuel system technologies utilizing gaseous fuels, to hold from buy by reducing its price target to C$22.37 from C$49.85, indicating an upside of 153.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Genworth Financial Inc | NYSE | GNW | 13.12 | 6,515.6 | Upgrade to outperform from neutral | Sean Dargan | Macquarie | 16.00 | 22.0% |
| Dynegy Inc | NYSE | DYN | 30.00 | 3,011.0 | Upgrade to outperform from neutral | Angie Storozynski | Macquarie | 40.00 | 33.3% |
| Janus Capital Group Inc | NYSE | JNS | 14.35 | 2,697.7 | Upgrade to buy from hold | Daniel T Fannon | Jefferies | 17.00 | 18.5% |
| Delek US Holdings Inc | NYSE | DK | 32.30 | 1,952.5 | Initiate with outperform | Brad Heffern | RBC Capital Markets | 39.00 | 20.7% |
| Tuesday Morning Corp | NASDAQ | TUES | 18.54 | 809.5 | Downgrade to neutral from outperform | Seth Sigman | Credit Suisse | 20.00 | 7.9% |
Macquarie upgraded Genworth Financial Inc (NYSE: GNW), engaged in providing insurance, wealth management, investment and financial solutions, to outperform from neutral with a price target of $16.00, indicating an upside of 22.0% from current levels. The rating firm believes that there is limited downside risk with Q3 results ahead.
Dynegy Inc (NYSE: DYN), engaged in providing wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies, was upgraded by Macquarie to outperform from neutral raising its price target to $40.00 from $32.00, indicating an upside potential of 33.3% from current levels. According to the rating firm the resulted upgrade is based on current forward power curves, secured capacity payments, and upside to potential changes in PJM and New England capacity rates.
Jefferies upgraded Janus Capital Group Inc (NYSE: JNS), a provider of investment management, administration, distribution and related services to financial advisors, to buy from hold raising its price target to $17.00 from $12.50, indicating an upside of 18.5% from current levels. The rating firm cites that the arrival of the star bond fund manager Mr. Bill Gross would give rise to positive organic growth and lead to greater scale of efficiency across Janus.
RBC Capital Markets initiated coverage on Delek US Holdings Inc (NYSE: DK), engaged in the wholesale distribution of refined products, petroleum refining, and convenience store retailing, with an outperform rating assigning a 12-month price target of $39.00, indicating an upside potential of 20.7% from current levels.
Tuesday Morning Corp (NASDAQ: TUES), retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the U.S., was downgraded by Credit Suisse to neutral from outperform with a price target of $20.00, implying an upside potential of 7.9% from current levels.
