FuelCell Energy Inc. (NASDAQ: FCEL) and Ainsworth Lumber Co Ltd. (TSX: ANS) were
among a number of companies that received analyst upgrades recently, including
one with potential upside of more than 52%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Ainsworth Lumber Co Ltd | TSX | ANS | 2.49 | 599.9 | Upgrade to sector outperform from sector perform | Mark Kennedy | CIBC World Markets | 3.80 | 52.6% |
| Crailar Technologies Inc | TSXV | CL | 0.46 | 29.6 | Initiate with buy | David King | Roth Capital Partners | 1.09 | 137.0% |
| Black Diamond Group Ltd | TSX | BDI | 29.76 | 1,274.7 | Downgrade to market perform from outperform | Michael Mazar | BMO Capital Markets | 33.00 | 10.9% |
| Endeavour Silver Corp | TSX | EDR | 6.43 | 652.4 | Downgrade to neutral from buy | Christos Doulis | PI Financial Corp. | 6.10 | -5.1% |
CIBC World Markets upgraded Ainsworth Lumber Co Ltd (TSX: ANS), a Canada-based manufacturer and supplier of oriented strand board (OSB) with a focus on value-added specialty products for markets, to sector outperform from sector perform with a price target of C$3.08, indicating an upside of 52.6% from current levels.
Roth Capital Partners initiated coverage on Crailar Technologies Inc (TSXV: CL), engaged in the deployment and execution of its proprietary and natural CRAiLAR Flax Fibers, with a buy rating assigning a 12-month price target of C$1.09, indicating an upside of 137% from current levels.
BMO Capital Markets downgraded Black Diamond Group Ltd (TSX: GDR), engaged in renting various types of oilfield equipment, to market perform from outperform lowering its price target to C$33.00 from C$40.00, indicating an upside of 10.9% from current levels.
PI Financial Corp. downgraded Endeavour Silver Corp (TSX: EDR), engaged in the evaluation, acquisition, exploration, development and exploitation of silver mining properties, to neutral from buy with a price target of C$6.10, indicating a downside of 5.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| FuelCell Energy Inc | NASDAQ | FCEL | 2.27 | 590.3 | Upgrade to outperform from market perform | Jeffrey D Osborne | Cowen and Company | 3.00 | 32.2% |
| ICU Medical Inc | NASDAQ | ICUI | 63.53 | 970.0 | Upgrade to outperform from market perform | Jayson Bedford | Raymond James | 67.00 | 5.5% |
| Carrizo Oil & Gas Inc | NASDAQ | CRZO | 59.17 | 2,723.5 | Upgrade to outperform from market perform | Dan McSpirit | BMO Capital Markets | 70.00 | 18.3% |
| Maxwell Technologies Inc | NASDAQ | MXWL | 10.10 | 302.4 | Initiate with outperform | Noah Kaye | Northland Securities Inc | 12.00 | 18.8% |
| Fortegra Financial Corp | NYSE | FRF | 9.87 | 197.7 | Downgrade to neutral from outperform | Sean Dargan | Macquarie | 10.00 | 1.3% |
Cowen and Company upgraded FuelCell Energy Inc (NASDAQ: FCEL), an integrated fuel cell company engaged in designing, manufacturing, and selling ultra-clean, stationary fuel cell power plants for distributed baseload power generation, upgraded to outperform from market perform with a price target of $3.00, indicating an upside of 32.2% from current levels.
ICU Medical Inc (NASDAQ: ICUI), engaged in the development, manufacture and sale of medical devices used in infusion therapy, oncology and critical care applications, was upgraded to outperform from market perform at Raymond James with a 12-month price target of $67.00, indicating an upside of 5.5% from current levels.
BMO Capital Markets upgraded Carrizo Oil & Gas Inc (NASDAQ: CRZO), an independent energy company engaged in the exploration, development, and production of oil and gas, to outperform from market perform with a price target of $70.00, indicating an upside of 18.3% from current levels.
Northland Securities Inc initiated coverage on Maxwell Technologies Inc (NASDAQ: MXWL), engaged in developing, manufacturing and marketing energy storage and power delivery products, with an outperform rating assigning a 12-month price target of $12.00, indicating an upside of 18.8% from current levels.
Macquarie downgraded Fortegra Financial Corp (NYSE: FRF), an insurance products and services provider, to neutral from outperform with a price target of $10.00, indicating an upside of 1.3% from current levels.
