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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Algonquin Power & Utilities Corp | TSX | AQN | 8.52 | 1,762.5 | Upgrade to buy from hold | John McLlveen | Jacob Securities Inc | 9.00 | 5.6% |
| Storm Resources Ltd | TSXV | SRX | 4.71 | 519.9 | Upgrade to outperform from neutral | Ray Kwan | Macquarie | 6.00 | 27.4% |
| Glacier Media Inc | TSX | GVC | 1.36 | 121.4 | Upgrade to buy from market perform | David McFadgen | Cormark Securities Inc. | 1.75 | 28.7% |
| IBI Group Inc | TSX | IBG | 2.75 | 48.4 | Upgrade to outperform from market perform | Frederic Bastien | Raymond James | 3.75 | 36.4% |
| WesternZagros Resources Ltd | TSXV | WZR | 0.75 | 357.4 | Downgrade to sector perform from sector outperform | Gavin Wylie | Scotia Capital | 1.75 | 133.3% |
Jacob Securities Inc upgraded Algonquin Power & Utilities Corp (TSX: AQN), engaged in ownership of power generation facilities and water, gas and energy utilities, through investments in securities of subsidiaries, to buy from hold increasing its price target to C$9.00 from C$7.70, indicating an upside of 5.6% from current levels.
Storm Resources Ltd (TSXV: SRX), an oil and gas exploration and development company, was upgraded outperform from neutral at Macquarie with a price target of C$6.00, indicating an upside of 27.4% from current levels.
Cormark Securities Inc. upgraded Glacier Media Inc (TSXV: GVC), an information communications company focused on the provision of information and related services through print and digital media, to buy from market perform with a price target of C$1.75, indicating an upside of 28.7% from current levels.
Raymond James upgraded IBI Group Inc (TSX: IBG), an international, multi-disciplinary provider of a range of professional services focused on the physical development of cities, to outperform from market perform raising its price target to C$3.75 from C$1.50, indicating an upside of 36.4% from current levels.
Scotia Capital downgraded WesternZagros Resources Ltd (TSXV: WZR), an international oil and gas company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas, to sector perform from sector outperform, lowering its price target to C$1.75 from C$2.50, indicating an upside of 133.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| G&K Services Inc | NASDAQ | GK | 54.98 | 1,097.5 | Upgrade to overweight from neutral | Andrew C Steinerman | JPMorgan | 64.00 | 16.4% |
| Achillion Pharmaceuticals Inc | NASDAQ | ACHN | 9.25 | 904.5 | Upgrade to buy from hold | Alethia Young | Deutsche Bank | 17.00 | 83.8% |
| Cypress Energy Partners LP | NYSE | CELP | 24.43 | 288.9 | Upgrade to outperform from neutral | Ethan H Bellamy | Robert W. Baird & Co | 27.00 | 10.5% |
| Advent Software Inc | NASDAQ | ADVS | 31.36 | 1,616.9 | Initiate with buy | Vignesh Murali | Sidoti & Company LLC | 42.00 | 33.9% |
| E-Commerce China Dangdang Inc | NYSE | DANG | 14.49 | 1,180.9 | Downgrade to neutral from outperform | Evan Zhou | Credit Suisse | 14.00 | -3.4% |
JPMorgan upgraded G&K Services Inc (NASDAQ: GK), provides branded uniform and facility services programs, to overweight from neutral, increasing its price target to $64.00 from $60.00, indicating an upside of 16.4% 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 buy from hold at Deutsche Bank increasing its price target to $17.00 from $6.00, indicating an upside of 83.8% from current levels.
Robert W. Baird & Co upgraded Cypress Energy Partners LP (NYSE: CELP), a limited partnership that provides saltwater disposal and other water and environmental services, to outperform from neutral increasing its price target to $27.00 from $24.00, indicating an upside of 10.5% from current levels.
Sidoti & Company LLC initiated coverage on Advent Software Inc (NASDAQ: ADVS), offers software and services, which automate work flows and data across investment management organizations, with a buy rating assigning a 12-month price target of $42.00, indicating an upside of 33.9% from current levels.
Credit Suisse downgraded E-Commerce China Dangdang Inc (NYSE: DANG), a business-to-consumer (B2C), e-commerce company in China, to neutral from outperform lowering its price target to $14.00 from $14.50, indicating a downside of 3.4% from current levels.
