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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Guyana Goldfields Inc | TSX | GUY | 2.52 | 378.8 | Upgrade to sector outperform from sector perform | Trevor Turnbull | Scotia Capital | 5.00 | 98.4% |
| AuRico Gold Inc | TSX | AUQ | 3.85 | 960.0 | Upgrade to outperform from sector perform | Dan Rollins | RBC Capital Markets | 5.35 | 39.0% |
| Taipan Resources Inc | TSXV | TPN | 0.34 | 35.8 | Initiate with speculative buy | Ritesh Gaggar | GMP | 1.05 | 213.4% |
| Levon Resources Ltd | TSX | LVN | 0.21 | 42.0 | Initiate with buy | Bhakti Pavani | Euro Pacific Capital Inc | 0.51 | 142.9% |
| Lake Shore Gold Corp | TSX | LSG | 1.05 | 443.6 | Downgrade to underperform from sector perform | Stephen D Walker | RBC Capital Markets | 1.15 | 9.5% |
Scotia Capital upgraded Guyana Goldfields Inc (TSX: GUY), engaged in the exploration and development of gold deposits in the Guiana Shield of South America, to sector outperform from sector perform raising its price target to C$5.00 from C$3.00, indicating an upside of 98.4% from current levels.
AuRico Gold Inc (TSX: AUQ), engaged in the production of gold with mines and projects in North America, was upgraded by RBC Capital Markets to outperform from sector perform with a price target of C$5.35, indicating an upside potential of 39.0% from current levels.
Coverage on Taipan Resources Inc (TSXV: TPN), engaged in the business of exploring and developing oil and gas resource deposits in East Africa, was initiated with a speculative buy rating at GMP, assigning a 12-month price target of C$1.05, indicating an upside potential of 213.4% from current levels.
Euro Pacific Capital Inc initiated coverage on Levon Resources Ltd (TSX: LVN), engaged in the acquisition, exploration and development of natural resource properties in Mexico, with a buy rating assigning a 12-month price target of C$0.51, indicating an upside potential of 142.9% from current levels.
RBC Capital Markets downgraded Lake Shore Gold Corp (TSX: LSG), engaged in the operation, exploration and development of gold, to underperform from sector perform by reducing its price target to C$1.15 from C$1.30, indicating an upside of 9.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| CDW Corp/DE | NASDAQ | CDW | 30.72 | 5,287.6 | Upgrade to outperform from market perform | Brian G Alexander | Raymond James | 36.00 | 17.2% |
| SunPower Corp | NASDAQ | SPWR | 33.51 | 4,394.2 | Upgrade to overweight from neutral | Paul T Coster | JPMorgan | 43.00 | 28.3% |
| Allegion PLC | NYSE | ALLE | 49.14 | 4,721.5 | Upgrade to outperform from in-line | Jeffrey T Kessler | Imperial Capital LLC | 60.00 | 22.1% |
| ANN INC | NYSE | ANN | 39.85 | 1,822.9 | Initiate with equalweight | Matthew McClintock | Barclays | 42.00 | 5.4% |
| People’s United Financial Inc | NASDAQ | PBCT | 14.46 | 4,487.0 | Downgrade to underweight from equalweight | Matthew J Keating | Barclays | 14.00 | -3.2% |
Raymond James upgraded CDW Corp/DE (NASDAQ: CDW), engaged in providing integrated information technology solutions in the U.S. and Canada, to outperform from market perform with a price target of $36.00, indicating an upside of 17.2% from current levels.
SunPower Corp (NASDAQ: SPWR), engaged in designing, manufacturing and marketing high-performance solar electric power technologies, was upgraded by JPMorgan to overweight from neutral with a price target of $43.00, indicating an upside potential of 28.3% from current levels.
Imperial Capital LLC upgraded Allegion PLC (NYSE: ALLE), engaged in providing security products and solutions, to outperform from in-line with a price target of $60.00, indicating an upside of 22.1% from current levels.
Barclays initiated coverage on ANN INC (NYSE: ANN), a retailer of women’s apparel, shoes, and accessories, with an equal weight rating assigning a 12-month price target of $42.00, indicating an upside potential of 5.4% from current levels.
People’s United Financial Inc (NASDAQ: PBCT), engaged in providing commercial banking, retail, business banking and wealth management services to individual, corporate and municipal customers, was downgraded by Barclays to underweight from equal weight with a price target of $14.00, implying a downside potential of 3.2% from current levels.
