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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Lucara Diamond Corp | TSX | LUC | 2.19 | 830.0 | Upgrade to outperform from sector perform | Des Kilalea | RBC Capital Markets | 3.00 | 37.0% |
| Grenville Strategic Royalty Corp | TSXV | GRC | 0.66 | 39.2 | Initiate with buy | James Reid | Haywood Securities Inc. | 1.00 | 51.5% |
| Great Panther Silver Ltd | TSX | GPR | 0.96 | 133.8 | Initiate with buy | Heiko F Ihle | HC Wainwright & Co LLC | 1.57 | 63.5% |
| NeuLion Inc | TSX | NLN | 1.04 | 182.1 | Initiate with buy | Manish Grigo | M Partners Inc | 1.30 | 25.0% |
| Niko Resources Ltd | TSX | NKO | 0.37 | 34.8 | Downgrade to hold from speculative buy | Jamie Somerville | TD Securities | 0.60 | 62.2% |
RBC Capital Markets upgraded Lucara Diamond Corp (TSX: LUC), engaged in the business of diamond mining, to outperform from sector perform with a price target of C$3.00, indicating an upside of 37.0% from current levels.
Coverage on Grenville Strategic Royalty Corp (TSXV: GRC), engaged in providing investment exposure in the supply chains, technologies, commodity resources and financial structures markets, was initiated with a buy rating at Haywood Securities Inc., assigning a 12-month price target of C$1.00, indicating an upside potential of 51.5% from current levels.
HC Wainwright & Co LLC initiated coverage on Great Panther Silver Ltd (TSX: GPR), engaged in the exploration and production of silver, with a buy rating assigning a 12-month price target of C$1.57, indicating an upside potential of 63.5% from current levels.
Coverage on NeuLion Inc (TSX: NLN), engaged in delivering international television channels over the Internet, was initiated with a buy rating at M Partners Inc, assigning a 12-month price target of C$1.30, indicating an upside potential of 25.0% from current levels.
TD Securities downgraded Niko Resources Ltd (TSX: NKO), engaged in the exploration, development and production of oil & natural gas, to hold from speculative buy by reducing its price target to C$0.60 from C$3.25, indicating an upside of 62.2% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Steel Dynamics Inc | NASDAQ | STLD | 22.26 | 5,343.3 | Upgrade to outperform from neutral | Aldo J Mazzaferro Jr | Macquarie | 27.00 | 21.3% |
| STERIS Corp | NYSE | STE | 58.96 | 3,498.5 | Upgrade to strong buy from market perform | Lawrence S Keusch | Raymond James | 68.00 | 15.3% |
| Generac Holdings Inc | NYSE | GNRC | 43.88 | 3,021.2 | Upgrade to buy from hold | Jeffrey D Hammond | KeyBanc Capital Markets | 50.00 | 13.9% |
| Oasis Petroleum Inc | NYSE | OAS | 30.24 | 3,058.9 | Initiate with neutral | Biju Perincheril | Susquehanna Financial Group | 35.00 | 15.7% |
| LPL Financial Holdings Inc | NASDAQ | LPLA | 40.26 | 4,041.3 | Downgrade to neutral from buy | Steven Chubak | Nomura | 45.00 | 11.8% |
Macquarie upgraded Steel Dynamics Inc (NASDAQ: STLD), engaged in the business of steel production and metals recycling in U.S., to outperform from neutral raising its price target to $27.00 from $20.00, indicating an upside of 21.3% from current levels.
STERIS Corp (NYSE: STE), engaged in providing sterilization, microbial reduction, and materials modification services to customers throughout the world, was upgraded by Raymond James to strong buy from market perform with a price target of $68.00, indicating an upside potential of 15.3% from current levels.
KeyBanc Capital Markets upgraded Generac Holdings Inc (NYSE: GNRC), engaged in designing and manufacturing a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets, to buy from hold with a price target of $50.00, indicating a downside of 13.9% from current levels.
Susquehanna Financial Group initiated coverage on Oasis Petroleum Inc (NYSE: OAS), engaged in the acquisition and development of unconventional oil and natural gas resources, with a neutral rating assigning a 12-month price target of $35.00, indicating an upside potential of 15.7% from current levels.
LPL Financial Holdings Inc (NASDAQ: LPLA) engaged in providing an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the U.S., was downgraded by Nomura to neutral from buy by reducing its price target to $45.00 from $55.00, implying an upside potential of 11.8% from current levels.
