Bedrocan Cannabis
Corp. (TSXV: BED) and Gulfport
Energy Corp. (NASDAQ: GPOR) are among a number of stocks that have received either
an analyst upgrade or downgrade recently, including one with upside potential
of more than 130%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Bedrocan Cannabis Corp | TSXV | BED | 0.65 | 43.9 | Initiate with speculative buy | Neal Gilmer | Clarus Securities | 1.50 | 130.8% |
| DataWind Inc | TSX | DW | 3.71 | 81.6 | Initiate with buy | Massimo Voci | Haywood Securities Inc. | 7.00 | 88.7% |
| Essential Energy Services Ltd | TSX | ESN | 2.14 | 269.3 | Initiate with buy | Brian Purdy | PI Financial Corp. | 3.00 | 40.2% |
| Xtreme Drilling and Coil Services Corp | TSX | XDC | 3.40 | 278.8 | Initiate with buy | David Wishnow | GMP | 5.00 | 47.1% |
| Niko Resources Ltd | TSX | NKO | 0.40 | 37.6 | Downgrade to sector underperform from sector perform | Gavin Wylie | Scotia Capital | 0.55 | 37.5% |
Clarus Securities initiated coverage on Bedrocan Cannabis Corp (TSXV: BED), engaged in the production of pharmaceutical-grade medicinal cannabis, with a speculative buy rating assigning a 12-month price target of C$1.50, indicating an upside potential of 130.8% from current levels.
Coverage on DataWind Inc (TSX: DW), engaged in providing wireless web access products and services, was initiated with a buy rating at Haywood Securities Inc., assigning a 12-month price target of C$7.00, indicating an upside potential of 88.7% from current levels.
PI Financial Corp. initiated coverage on Essential Energy Services Ltd (TSX: ESN), engaged in providing essential oilfield services to oil and gas wells in Canada, with a buy rating assigning a 12-month price target of C$3.00, indicating an upside potential of 40.2% from current levels.
Coverage on Xtreme Drilling and Coil Services Corp (TSX: XDC), engaged in the operations as a private drilling contractor that uses coiled tubing drilling rigs, was initiated with a buy rating at GMP, assigning a 12-month price target of C$5.00, indicating an upside potential of 47.1% from current levels.
Scotia Capital downgraded Niko Resources Ltd (TSX: NKO), engaged in the exploration, development and production of oil & natural gas, to sector underperform from sector perform by reducing its price target to C$0.55 from C$2.50, indicating an upside of 37.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Eagle Materials Inc | NYSE | EXP | 93.00 | 4,668.6 | Upgrade to buy from hold | John A Baugh | Stifel | 110.00 | 18.3% |
| Gulfport Energy Corp | NASDAQ | GPOR | 49.36 | 4,220.3 | Upgrade to buy from neutral | Sameer Uplenchwar | Global Hunter Securities | 65.00 | 31.7% |
| TECO Energy Inc | NYSE | TE | 18.94 | 4,420.7 | Upgrade neutral from underperform | Andrew Weisel | Macquarie | 18.00 | -5.0% |
| 3D Systems Corp | NYSE | DDD | 43.38 | 4,768.3 | Initiate with outperform | Holden Lewis | Oppenheimer & Co | 57.00 | 31.4% |
| Ocwen Financial Corp | NYSE | OCN | 21.48 | 2,810.0 | Downgrade to hold from buy | Bradley Ball | Evercore Partners | 24.00 | 11.7% |
Stifel upgraded Eagle Materials Inc (NYSE: EXP), engaged in the business of manufacturing and distributing cement, gypsum wallboard, recycled paperboard, and concrete and aggregates, to buy from hold with a price target of $110.00, indicating an upside of 18.3% from current levels.
Gulfport Energy Corp (NASDAQ: GPOR), engaged in the exploration and production of oil and natural gas, was upgraded by Global Hunter Securities to buy from neutral with a price target of $65.00, indicating an upside potential of 31.7% from current levels.
Macquarie upgraded TECO Energy Inc (NYSE: TE), a diversified, energy-related utility holding company, to neutral from underperform raising its price target to $18.00 from $16.00, indicating a downside of 5.0% from current levels.
Oppenheimer & Co initiated coverage on 3D Systems Corp (NYSE: DDD), engaged in developing, manufacturing and marketing solid imaging systems designed to rapidly produce three-dimensional objects from computer-aided design and manufacturing-generated solid or surface data, with an outperform rating assigning a 12-month price target of $57.00, indicating an upside potential of 31.4% from current levels.
Ocwen Financial Corp (NYSE: OCN) engaged in the business of servicing and origination of mortgage loans, was downgraded by Evercore Partners to hold from buy by reducing its price target to $24.00 from $40.00, implying an upside potential of 11.7% from current levels.
