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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Timmins Gold Corp | TSX | TMM | 1.18 | 193.0 | Upgrade to outperform from market perform | Adam P Graf | Cowen and Company | 1.78 | 50.8% |
| Progressive Waste Solutions Ltd | TSX | BIN | 31.65 | 3,645.4 | Upgrade to buy from hold | Robert Gibson | Octagon Capital Corporation | 33.87 | 7.0% |
| Taipan Resources Inc | TSXV | TPN | 0.22 | 23.5 | Initiate with speculative buy | Philip E Juskowicz | Casimir Capital | 1.10 | 400.0% |
| Rocky Mountain Dealerships Inc | TSX | RME | 10.70 | 206.7 | Initiate with outperform | John Chu | Alta Corp Capital Inc. | 12.50 | 16.8% |
| Horizon North Logistics Inc | TSX | HNL | 3.24 | 357.4 | Downgrade to market perform from outperform | Andrew Bradford | Raymond James | 3.75 | 15.7% |
Cowen and Company upgraded Timmins Gold Corp (TSX: TMM), engaged in the exploration and production of gold, to outperform from market perform raising its price target to C$1.78 from C$1.72, indicating an upside of 50.8% from current levels.
Progressive Waste Solutions Ltd (TSX: BIN), engaged in providing non-hazardous solid waste collection and landfill disposal services for commercial, industrial and residential customers, was upgraded by Octagon Capital Corporation to buy from hold raising its price target to C$33.87 from C$28.87, indicating an upside potential of 7.0% from current levels.
Casimir Capital initiated coverage on Taipan Resources Inc (TSXV: TPN), engaged in the business of exploring and developing oil & gas resource deposits in East Africa, with a speculative buy rating assigning a 12-month price target of C$1.10, indicating an upside of 400.0% from current levels.
Coverage on Rocky Mountain Dealerships Inc (TSX: RME), engaged in the dealing business of construction and agricultural equipment, was initiated with an outperform rating at Alta Corp Capital Inc., assigning a 12-month price target of C$12.50, indicating an upside potential of 16.8% from current levels.
Raymond James downgraded Horizon North Logistics Inc (TSX: HNL), engaged in providing marine transportation, camp catering and logistics services, to market perform from outperform by reducing its price target to C$3.75 from C$6.50, indicating an upside of 15.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Moelis & Co | NYSE | MC | 33.50 | 1,815.1 | Upgrade to Positive from neutral | Douglas C Sipkin | Susquehanna Financial Group | 39.00 | 16.4% |
| MicroStrategy Inc | NASDAQ | MSTR | 160.00 | 1,820.2 | Upgrade to overweight from equalweight | Frank Sparacino | First Analysis Corp | 186.00 | 16.3% |
| Finish Line Inc/The | NASDAQ | FINL | 26.40 | 1,262.5 | Upgrade to overweight from neutral | Erinn E Murphy | Piper Jaffray | 31.00 | 17.4% |
| Kate Spade & Co | NYSE | KATE | 27.16 | 3,446.5 | Initiate with neutral | Betty Chen | Mizuho Securities USA Inc | 28.00 | 3.1% |
| SPX Corp | NYSE | SPW | 92.95 | 3,817.7 | Downgrade to neutral from buy | Samuel H Eisner | Goldman Sachs | 100.00 | 7.6% |
Susquehanna Financial Group upgraded Moelis & Co (NYSE: MC), engaged in the business of investment banking by providing financial advisory services and capital raising solutions to clients in connection with mergers, acquisitions, recapitalizations and restructurings, to positive from neutral raising its price target to $39.00 from $36.00, indicating an upside of 16.4% from current levels.
MicroStrategy Inc (NASDAQ: MSTR), engaged in providing enterprise software platforms for business intelligence, mobile intelligence and social intelligence applications, was upgraded by First Analysis Corp to overweight from equal weight with a price target of $186.00, indicating an upside potential of 16.3% from current levels.
Piper Jaffray upgraded Finish Line Inc/The (NASDAQ: FINL), engaged in the business of retailing men’s, women’s and children’s brand name athletic and leisure footwear, active wear, and accessories, to overweight from neutral raising its price target to $31.00 from $28.00, indicating an upside of 17.4% from current levels.
Mizuho Securities USA Inc initiated coverage on Kate Spade & Co (NYSE: KATE), engaged in designing and marketing branded women’s and men’s apparel, accessories, and fragrance products, with a neutral rating assigning a 12-month price target of $28.00, indicating an upside of 3.1% from current levels.
SPX Corp (NYSE: SPW), engaged in the business of providing a multi-industry specialized, engineered solutions, was downgraded by Goldman Sachs to neutral from buy by reducing its price target to $100.00 from $118.00, implying an upside potential of 7.6 % from current levels.
