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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Atlantic Power Corp | TSX | ATP | 2.71 | 327.1 | Upgrade to market perform from underperform | Benjamin Pham | BMO Capital Markets | 3.00 | 10.7% |
| K-Bro Linen Inc | TSX | KBL | 40.03 | 285.0 | Upgrade to buy from hold | Brian D Pow | Acumen Capital Finance | 41.20 | 2.9% |
| Canexus Corp | TSX | CUS | 3.95 | 723.6 | Upgrade to sector outperform from sector perform | Jacob Bout | CIBC World Markets | 5.25 | 32.9% |
| Bedrocan Cannabis Corp | TSXV | BED | 0.66 | 44.6 | Initiate with buy | Daniel Pearlstein | M Partners Inc | 1.10 | 66.7% |
| Savanna Energy Services Corp | TSX | SVY | 6.28 | 561.8 | Downgrade to market perform from outperform | Kevin Lo | FirstEnergy Capital Corp | 7.50 | 19.4% |
BMO Capital Markets upgraded Atlantic Power Corp (TSX: ATP), engaged in owning and operating a fleet of power generation and infrastructure assets in the U.S. and Canada, to market perform from underperform raising its price target to C$3.00 from C$2.25, indicating an upside of 10.7% from current levels.
K-Bro Linen Inc (TSX: KBL), engaged in operating laundry and linen processing facilities in Canada, was upgraded by Acumen Capital Finance to buy from hold raising its price target to C$41.20 from C$39.50, indicating an upside potential of 2.9% from current levels.
CIBC World Markets upgraded Canexus Corp (TSX: CUS), engaged in manufacturing a wide range of chemical products, to sector outperform from sector perform with a price target of C$5.25, indicating an upside of 32.9% from current levels.
M Partners Inc initiated coverage on Bedrocan Cannabis Corp (TSXV: BED), engaged in producing pharmaceutical-grade medicinal cannabis, with a buy rating assigning a 12-month price target of C$1.10, indicating an upside potential of 66.7% from current levels.
FirstEnergy Capital Corp downgraded Savanna Energy Services Corp (TSX: SVY), engaged in providing oil and gas services to Canada and parts of the U.S., to market perform from outperform by reducing its price target to C$7.50 from C$8.50, indicating an upside of 19.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| SunEdison Inc | NYSE | SUNE | 16.62 | 4,468.9 | Upgrade to outperform from market perform | Jeffrey D Osborne | Cowen and Company | 24.00 | 44.4% |
| Reliance Steel & Aluminum Co | NYSE | RS | 62.94 | 4,907.3 | Upgrade to buy from hold | Daniel M Whalen | Topeka Capital Markets Inc | 70.00 | 11.2% |
| Fabrinet | NYSE | FN | 16.11 | 569.0 | Upgrade to buy from neutral | David Kang | B Riley & Co | 20.00 | 24.1% |
| zulily Inc | NASDAQ | ZU | 37.30 | 4,658.3 | Initiate with buy | Michael Graham | Canaccord Genuity Corp | 45.00 | 20.6% |
| Urban Outfitters Inc | NASDAQ | URBN | 29.62 | 3,979.0 | Downgrade to neutral from buy | Lindsay Drucker Mann | Goldman Sachs | 31.00 | 4.7% |
Cowen and Company upgraded SunEdison Inc (NYSE: SUNE), engaged in developing, manufacturing and selling silicon wafers, to outperform from market perform raising its price target to $24.00 from $20.00, indicating an upside of 44.4% from current levels.
Reliance Steel & Aluminum Co (NYSE: RS), engaged in distributing and processing steel & aluminum, was upgraded by Topeka Capital Markets Inc to buy from hold with a price target of $70.00, indicating an upside potential of 11.2% from current levels.
B Riley & Co upgraded Fabrinet (NYSE: FN), engaged in offering outsourced process engineering and manufacturing services, to buy from neutral with a price target of $20.00, indicating an upside of 24.1% from current levels.
Canaccord Genuity Corp initiated coverage on zulily Inc (NASDAQ: ZU), engaged in online retailing business, with a buy rating assigning a 12-month price target of $45.00, indicating an upside potential of 20.6% from current levels.
Urban Outfitters Inc (NASDAQ: URBN), engaged in the business of selling fashion apparel, accessories, household and gift merchandise, was downgraded by Goldman Sachs to neutral from buy by reducing its price target to $31.00 from $44.00, implying an upside potential of 4.7% from current levels.
