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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Copper Mountain Mining Corp | TSX | CUM | 2.86 | 332.7 | Upgrade to buy from hold | Peter Campbell | Jennings Capital | 3.25 | 13.6% |
| Cequence Energy Ltd | TSX | CQE | 2.16 | 455.7 | Upgrade to buy from hold | Juan Jarrah | TD Securities | 3.25 | 50.5% |
| Newalta Corp | TSX | NAL | 20.69 | 1,155.1 | Upgrade to sector outperform from sector perform | David Noseworthy | CIBC World Markets | 24.00 | 16.0% |
| Kaminak Gold Corp | TSXV | KAM | 1.02 | 112.5 | Initiate with speculative buy | Ryan Walker | Euro Pacific Canada Inc | 2.00 | 96.1% |
| Pure Technologies Ltd | TSX | PUR | 7.67 | 397.6 | Downgrade to market perform from buy | Sarah Hughes | Cormark Securities Inc. | 8.25 | 7.6% |
Jennings Capital upgraded Copper Mountain Mining Corp (TSX: CUM), engaged in the in the business of mineral exploration, development and operation of mineral deposits, to buy from hold increasing its price target to C$3.25 from C$2.75, indicating an upside of 13.6% from current levels.
Cequence Energy Ltd (TSX: CQE), engaged in the in the business of mineral exploration, development and operation of mineral deposits, was upgraded to buy from hold at TD Securities with a 12-month price target of C$3.25, indicating an upside of 50.5% from current levels.
CIBC World Markets upgraded Newalta Corp (TSX: NAL), engaged in recycling and recovering saleable products from industrial wastes through a network of facilities, to sector outperform from sector perform increasing its price target to C$24.00 from C$20.00, indicating an upside of 16% from current levels.
Euro Pacific Canada Inc initiated coverage on Kaminak Gold Corp (TSXV: KAM), a Canada-based exploration-stage company focusing on the acquisition, exploration and development of gold and other precious and base metal properties, with a speculative buy assigning a 12-month price target of C$2.00, indicating an upside of 96.1% from current levels.
Cormark Securities Inc. downgraded Pure Technologies Ltd (TSX: PUR), a provider of monitoring and surveillance of physical infrastructure utilizing patented technologies, to market perform from buy with a price target of C$8.25, indicating an upside of 7.6% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Reed’s Inc | NYSE | REED | 5.70 | 74.4 | Upgrade to buy from neutral | Joseph Munda | Sidoti & Company LLC | 8.00 | 40.4% |
| Aruba Networks Inc | NASDAQ | ARUN | 18.98 | 2,063.8 | Upgrade to buy from hold | Sanjiv R Wadhwani | Stifel | 24.00 | 26.4% |
| Acceleron Pharma Inc | NASDAQ | XLRN | 29.37 | 933.9 | Initiate with outperform | Andrew Berens | FBR Capital Markets | 47.00 | 60.0% |
| MakeMyTrip Ltd | NASDAQ | MMYT | 28.03 | 1,168.2 | Initiate with buy | Arya Sen | Jefferies | 37.00 | 32.0% |
| JDS Uniphase Corp | NASDAQ | JDSU | 10.90 | 2,558.3 | Downgrade to neutral from overweight | Troy D Jensen | Piper Jaffray | 12.00 | 10.1% |
Sidoti & Company LLC upgraded Reed’s Inc (NYSE: REED), engaged in developing, manufacturing, marketing and selling natural non-alcoholic and new age beverages, candies and ice creams, to buy from neutral increasing its price target to $8.00 from $6.00, indicating an upside of 40.4% from current levels.
Aruba Networks Inc (NASDAQ: ARUN), a provider of next-generation network access solutions for mobile enterprise networks, was upgraded to buy from hold at Stifel with a price target of $24.00, indicating an upside of 26.4% from current levels.
FBR Capital Markets initiated coverage on Acceleron Pharma Inc (NASDAQ: XLRN), a clinical stage biopharmaceutical company focused on the discovery, development and commercialization of protein therapeutics for cancer and rare diseases, with an outperform rating assigning a 12-month price target of $47.00, indicating an upside of 60% from current levels.
Coverage on MakeMyTrip Ltd (NASDAQ: MMYT), an Indian online travel company, was initiated with a buy rating at Jefferies assigning a 12-month price target of $37.00, indicating an upside of 32% from current levels.
Piper Jaffray downgraded JDS Uniphase Corp (NASDAQ: JDSU), a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers (NEMs), and enterprises, to neutral from overweight lowering its price target to $12.00 from $14.00, indicating an upside of 10.1% from current levels.
