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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Uranium Participation Corp | TSX | U | 5.03 | 587.9 | Upgrade to buy from hold | Rob Chang | Cantor Fitzgerald | 6.15 | 22.3% |
| Bankers Petroleum Ltd | TSX | BNK | 4.40 | 1,148.5 | Upgrade to outperform from neutral | David Phung | Credit Suisse | 7.00 | 59.1% |
| Parex Resources Inc | TSX | PXT | 10.97 | 1,376.0 | Upgrade to buy from hold | Jamie Somerville | TD Securities | 15.00 | 36.7% |
| Trimel Pharmaceuticals Corp | TSX | TRL | 0.49 | 98.4 | Initiate with speculative buy | David Dean | Cormark Securities Inc. | 1.25 | 155.1% |
| Birchcliff Energy Ltd | TSX | BIR | 9.32 | 1,416.1 | Downgrade to hold from buy | Travis Wood | TD Securities | 9.50 | 1.9% |
Cantor Fitzgerald upgraded Uranium Participation Corp (TSX: U), engaged in making investments in uranium oxide concentrates or uranium hexafluoride, with the objective of achieving appreciation in the value of its holdings, to buy from hold raising its price target to C$6.15 from C$5.30, indicating an upside of 22.3% from current levels.
Bankers Petroleum Ltd (TSX: BNK), engaged in the exploration of oil in Albania, was upgraded by Credit Suisse to outperform from neutral with a price target of C$7.00, indicating an upside potential of 59.1% from current levels.
TD Securities upgraded Parex Resources Inc (TSX: PXT), engaged in the exploration, development and production of oil and natural gas in South America and the Caribbean region, to buy from hold with a price target of C$15.00, indicating an upside of 36.7% from current levels.
Cormark Securities Inc. initiated coverage on Trimel Pharmaceuticals Corp (TSX: TRL), engaged in the development of products for the treatment of male hypogonadism, female sexual dysfunction, and Parkinson’s disease, with a speculative buy rating assigning a 12-month price target of C$1.25, indicating an upside potential of 155.1% from current levels.
TD Securities downgraded Birchcliff Energy Ltd (TSX: BIR), engaged in the exploration, development and production of oil and gas, to hold from buy by reducing its price target to C$9.50 from C$16.50, indicating an upside of 1.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Cullen/Frost Bankers Inc | NYSE | CFR | 73.18 | 4,608.2 | Upgrade to market perform from underperform | Peter J Winter | BMO Capital Markets | 75.00 | 2.5% |
| Freescale Semiconductor Ltd | NYSE | FSL | 16.60 | 5,042.9 | Upgrade to buy from hold | Rajvindra S Gill | Needham & Co | 20.00 | 20.5% |
| Bank of the Ozarks Inc | NASDAQ | OZRK | 32.43 | 2,583.4 | Upgrade to buy from hold | Kevin B Reynolds | Wunderlich Securities | 38.00 | 17.2% |
| Manitowoc Co Inc/The | NYSE | MTW | 18.34 | 2,481.4 | Initiate with buy | David M Rose | Furey Research Partners | 22.50 | 22.7% |
| 3D Systems Corp | NYSE | DDD | 40.90 | 4,495.7 | Downgrade to equalweight from overweight | Brandon Wright | Stephens Inc | 45.00 | 10.0% |
BMO Capital Markets upgraded Cullen/Frost Bankers Inc (NYSE: CFR), engaged in offering commercial and consumer banking services, to market perform from underperform with a price target of $75.00, indicating an upside of 2.5% from current levels.
Freescale Semiconductor Ltd (NYSE: FSL), engaged in providing embedded processing semiconductors and related solutions, was upgraded by Needham & Co to buy from hold with a price target of $20.00, indicating an upside potential of 20.5% from current levels.
Wunderlich Securities upgraded Bank of the Ozarks Inc (NASDAQ: OZRK), engaged in banking business, to buy from hold raising its price target to $38.00 from $35.00, indicating an upside of 17.2% from current levels.
Furey Research Partners initiated coverage on Manitowoc Co Inc/The (NYSE: MTW), engaged in manufacturing cranes, related products and foodservice equipments, with a buy rating assigning a 12-month price target of $22.50, indicating an upside potential of 22.7% from current levels.
3D Systems Corp (NYSE: DDD), a provider of three-dimensional (3D) content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers, was downgraded by Stephens Inc to equal weight from overweight by reducing its price target to $45.00 from $60.00, implying an upside potential of 10.0% from current levels.
