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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Enerflex Ltd | TSX | EFX | 20.07 | 1,576.3 | Upgrade to outperform from market perform | Michael Mazar | BMO Capital Markets | 24.00 | 19.6% |
| Kirkland Lake Gold Inc | TSX | KGI | 4.50 | 324.3 | Upgrade to buy from neutral | Joe Fazzini | Dundee Securities Corp | 5.25 | 16.7% |
| Sprott Resource Corp | TSX | SCP | 3.15 | 309.1 | Upgrade to buy from market perform | Marc Robinson | Cormark Securities Inc. | 3.60 | 14.3% |
| Sherritt International Corp | TSX | S | 4.08 | 1,213.0 | Initiate with buy | Jackie Przybylowski | Desjardins Securities | 6.00 | 47.1% |
| Dream Office Real Estate Investment Trust | TSX | D-U | 29.13 | 3,116.5 | Downgrade to sector perform from outperform | Neil Downey | RBC Capital Markets | 31.00 | 6.4% |
BMO Capital Markets upgraded Enerflex Ltd (TSX: EFX), a Canada-based company engaged in supplying natural gas compression, oil and gas processing, refrigeration systems and power generation equipment, to outperform from market perform increasing its price target to C$24.00 from C$17.00, indicating an upside of 19.6% from current levels.
Kirkland Lake Gold Inc (TSX: KGI), a Canada-based gold mining company, was upgraded to buy from neutral at Dundee Securities Corp increasing its price target to C$5.25 from the earlier target of C$4.50, indicating an upside of 16.7% from current levels.
Cormark Securities Inc. upgraded Sprott Resource Corp (TSX: SCP), a Canada-based company that invests and operates through its subsidiaries in the natural resource sector, to buy from market perform raising its price target to C$3.60 from C$3.40, indicating an upside of 14.3% from current levels.
Desjardins Securities initiated coverage on Sherritt International Corp (TSX: S), a Canada-based natural resource company, with a buy rating assigning a 12-month price target of C$6.00, indicating an upside of 47.1% from current levels.
RBC Capital Markets downgraded Dream Office Real Estate Investment Trust (TSX: D-U), an open-ended investment trust, to sector perform from outperform lowering its price target to C$31.00 from C$33.00, indicating an upside of 6.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Compressco Partners LP | NASDAQ | GSJK | 23.45 | 723.4 | Upgrade to strong buy from market perform | J Marshall Adkins | Raymond James | 33.00 | 40.7% |
| Achillion Pharmaceuticals Inc | NASDAQ | ACHN | 7.59 | 742.2 | Upgrade to overweight from neutral | Piper Jaffray | Piper Jaffray | 10.00 | 31.8% |
| Alon USA Partners LP | NYSE | ALDW | 18.76 | 1,172.6 | Upgrade to outperform from neutral | Edward Westlake | Credit Suisse | 23.00 | 22.6% |
| ARC Group Worldwide Inc | NASDAQ | ARCW | 16.14 | 240.6 | Initiate with buy | Robert Burleson | Canaccord Genuity Corp | 20.00 | 23.9% |
| 2U Inc | NASDAQ | TWOU | 16.82 | 677.3 | Downgrade to neutral/neutral from buy/neutral | Andre Benjamin | Goldman Sachs | 18.00 | 7.0% |
Raymond James upgraded Compressco Partners LP (NASDAQ: GSJK), a provider of wellhead compression-based production enhancement services, strong buy from market perform with a price target of $33.00, indicating an upside of 40.7% from current levels.
Achillion Pharmaceuticals Inc (NASDAQ: ACHN), a biopharmaceutical company focused on the discovery, development and commercialization of treatments for infectious diseases, was upgraded to overweight from neutral at Piper Jaffray doubling its price target to $10.00 from $5.00, indicating an upside of 31.8% from current levels.
Credit Suisse upgraded Alon USA Partners LP (NYSE: ALDW), engaged in operating refining and petroleum products marketing business, to outperform from neutral increasing its price target to $23.00 from $22.00, indicating an upside of 22.6% from current levels.
Canaccord Genuity Corp initiated coverage on ARC Group Worldwide Inc (NASDAQ: ARCW), a provider of wireless network component and wireless network solutions, with a buy rating assigning a 12-month price target of $20.00, indicating an upside of 23.9% from current levels.
Goldman Sachs downgraded 2U Inc (NASDAQ: TWOU), a provider of cloud-based software-as-a-service (SaaS) solutions, to neutral/neutral from buy/neutral with a price target of $18.00, indicating an upside of 7% from current levels.
