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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Xcite Energy Ltd | TSXV | XEL | 0.81 | 251.0 | Upgrade to hold from reduce | Shahin Amini | TD Securities | 1.25 | 54.3% |
| WestJet Airlines Ltd | TSX | WJA | 28.27 | 3,610.3 | Upgrade to outperform from sector perform | Walter Spracklin | RBC Capital Markets | 35.00 | 23.8% |
| Midway Gold Corp | TSX | MDW | 1.22 | 210.8 | Downgrade to market perform from speculative buy | Kyle McPhee | Cormark Securities Inc. | 1.20 | -1.6% |
| Taseko Mines Ltd | TSX | TKO | 1.74 | 339.3 | Downgrade to hold from buy | Craig Hutchison | TD Securities | 2.50 | 43.7% |
TD Securities upgraded Xcite Energy Ltd (TSXV: XEL), engaged in the exploration and production of oil and gas, to hold from reduce raising its price target to C$1.25 from C$1.15, indicating an upside of 54.3% from current levels.
WestJet Airlines Ltd (TSX: WJA), engaged in providing scheduled passenger jet service across Canada and to U.S. destinations, was upgraded by RBC Capital Markets to outperform from sector perform with a price target of C$35.00, indicating an upside potential of 23.8% from current levels.
Cormark Securities Inc. downgraded Midway Gold Corp (TSX: MDW), engaged in the acquisition, exploration and development of gold and silver mineral properties in North America, to market perform from speculative buy by reducing its price target to C$1.20 from C$1.25, indicating a downside of 1.6% from current levels.
Taseko Mines Ltd (TSX: TKO), engaged in the exploration of copper and molybdenum mines, was downgraded by TD Securities to hold from buy by reducing its price target to C$2.50 from C$2.75, implying an upside potential of 43.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Newfield Exploration Co | NYSE | NFX | 26.27 | 3,589.9 | Upgrade to buy from hold | John J Gerdes | KLR Group | 41.00 | 56.1% |
| Alliance Resource Partners LP | NASDAQ | ARLP | 38.60 | 2,858.7 | Upgrade to overweight from neutral | John Bridges | JPMorgan | 49.00 | 26.9% |
| Cracker Barrel Old Country Store Inc | NASDAQ | CBRL | 108.19 | 2,585.8 | Upgrade to buy from hold | John D Staszak | Argus Research Corp | 120.00 | 10.9% |
| Nordson Corp | NASDAQ | NDSN | 69.63 | 4,393.4 | Initiate with hold | Liam D Burke | Wunderlich Securities | 75.00 | 7.7% |
| NetScout Systems Inc | NASDAQ | NTCT | 33.52 | 1,376.1 | Downgrade to sell from hold | Mark C Jordan | Noble Financial Group | 38.00 | 13.4% |
KLR Group upgraded Newfield Exploration Co (NYSE: NFX), engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids, to buy from hold with a price target of $41.00, indicating an upside of 56.1% from current levels.
Alliance Resource Partners LP (NASDAQ: ARLP), engaged in producing and marketing coal to U.S. utilities and industrial users, was upgraded by JPMorgan to overweight from neutral with a price target of $49.00, indicating an upside potential of 26.9% from current levels.
Argus Research Corp upgraded Cracker Barrel Old Country Store Inc (NASDAQ: CBRL), engaged in operating restaurants, to buy from hold with a price target of $120.00, indicating an upside of 10.9% from current levels.
Wunderlich Securities initiated coverage on Nordson Corp (NASDAQ: NDSN), engaged in manufacturing equipments used for precision material dispensing, testing, inspection, surface preparation and curing at production facilities globally, with a hold rating assigning a 12-month price target of $75.00, indicating an upside potential of 7.7% from current levels.
NetScout Systems Inc (NASDAQ: NTCT), engaged in designing, developing, manufacturing and marketing products that enable businesses and service providers to manage the performance of computer networks and business software applications, was downgraded by Noble Financial Group to sell from hold with a price target of $38.00, implying an upside potential of 13.4% from current levels.
