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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| NuVista Energy Ltd | TSX | NVA | 10.01 | 1,360.3 | Upgrade to buy from market perform | Todd Kepler | Cormark Securities Inc. | 12.00 | 19.9% |
| Great Canadian Gaming Corp | TSX | GC | 18.58 | 1,259.9 | Upgrade to buy from neutral | Sheila Broughton | PI Financial Corp. | 20.00 | 7.6% |
| Twin Butte Energy Ltd | TSX | TBE | 1.76 | 612.6 | Upgrade to buy from neutral | Alistair Toward | PI Financial Corp. | 2.15 | 22.2% |
| Intertape Polymer Group Inc | TSX | ITP | 14.64 | 893.2 | Initiate with buy | Dev Bhangui | Jennings Capital | 18.00 | 23.0% |
| Black Diamond Group Ltd | TSX | BDI | 28.06 | 1,201.9 | Downgrade to sector underperform from sector perform | Jon Morrison | CIBC World Markets | 31.50 | 12.3% |
Cormark Securities Inc. upgraded NuVista Energy Ltd (TSX: NVA), an independent oil and natural gas company, to buy from market perform increasing its price target to C$12.00 from C$11.00, indicating an upside of 19.9% from current levels.
PI Financial Corp. upgraded two companies – Great Canadian Gaming Corp (TSX: GC), a Canada-based company engaged in gaming, entertainment and hospitality facilities and Twin Butte Energy Ltd (TSX: TBE), a Canada-based junior oil and gas exploration and production company, to buy rating from neutral rating. The rating firm provided a price target of C$20.00 to GC and C$2.15 to TBE, indicating an upside potential of 7.6% and 22.2% respectively.
Jennings Capital initiated coverage on Intertape Polymer Group Inc (TSX: ITP), operating in the specialty packaging industry, with a buy rating assigning a 12-month price target of C$18.00, indicating an upside of 23% from current levels.
CIBC World Markets downgraded Black Diamond Group Ltd (TSX: BDI), engaged in renting various types of oilfield equipment, to sector underperform from sector perform reducing its price target to C$31.50 from C$37.00, indicating an upside of 12.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| JAKKS Pacific Inc | NASDAQ | JAKK | 6.55 | 152.5 | Upgrade to overweight from neutral | Stephanie S Wissink | Piper Jaffray | 9.00 | 37.4% |
| China Automotive Systems Inc | NASDAQ | CAAS | 8.55 | 239.8 | Upgrade to buy from hold | William Gregozeski | Greenridge Global LLC | 10.50 | 22.8% |
| Scorpio Tankers Inc | NYSE | STNG | 9.80 | 1,858.7 | Upgrade to outperform from neutral | Gregory Lewis | Credit Suisse | 12.00 | 22.4% |
| Achillion Pharmaceuticals Inc | NASDAQ | ACHN | 8.44 | 825.3 | Initiate with outperform | Andrew Berens | FBR Capital Markets | 12.00 | 42.2% |
| SeaWorld Entertainment Inc | NYSE | SEAS | 18.00 | 1,620.2 | Downgrade to underweight from overweight | Felicia R Kantor Hendrix | Barclays | 20.00 | 11.1% |
Piper Jaffray upgraded JAKKS Pacific Inc (NASDAQ: JAKK), a multi-line, multi-brand toy company that designs, produces, markets and distributes toys and related products, to overweight from neutral with a price target of $9.00, indicating an upside of 37.4% from current levels.
China Automotive Systems Inc (NASDAQ: CAAS), engaged in the manufacture and sales of automotive systems and components in China, was upgraded to buy from hold at Greenridge Global LLC increasing its price target to $10.50 from $9.50, indicating an upside of 22.8% from current levels.
Credit Suisse upgraded Scorpio Tankers Inc (NYSE: STNG), engaged in seaborne transportation of crude oil and refined petroleum products in the international shipping markets, to outperform from neutral raising its price target to $12.00 from $9.00, indicating an upside of 22.4% from current levels.
FBR Capital Markets initiated coverage on Achillion Pharmaceuticals Inc (NASDAQ: ACHN), a biopharmaceutical company focused on the discovery, development and commercialization of treatments for infectious diseases, with an outperform rating assigning a 12-month price target of $12.00, indicating an upside of 42.2% from current levels.
Barclays downgraded SeaWorld Entertainment Inc (NYSE: SEAS), a theme park and entertainment company, to underweight from overweight lowering its price target to $20.00 from $40.00, indicating an upside of 11.1% from current levels.
