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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Timbercreek Mortgage Investment Corp | TSX | TMC | 8.45 | 343.9 | Upgrade to buy from hold | Jason Kepecs | GMP | 9.25 | 9.5% |
| Pure Technologies Ltd | TSX | PUR | 7.60 | 397.4 | Upgrade to buy from hold | Raveel Afzaal | Mackie Research Capital Corp. | 8.70 | 14.5% |
| Atlantic Power Corp | TSX | ATP | 2.58 | 311.7 | Upgrade to sector perform from underperform | Rupert M Merer | National Bank Financial | 2.84 | 10.1% |
| Espial Group Inc | TSX | ESP | 1.44 | 34.3 | Initiate with speculative buy | Nikhil Thadani | Mackie Research Capital Corp. | 4.00 | 177.8% |
| Big Rock Brewery Inc | TSX | BR | 13.00 | 89.4 | Downgrade to market perform from buy | Marc Robinson | Cormark Securities Inc. | 14.50 | 11.5% |
GMP upgraded Timbercreek Mortgage Investment Corp (TSX: TMC), engaged in providing investors with the opportunity to invest indirectly in a diversified portfolio of high quality conventional mortgage loans, to buy from hold with a price target of C$9.25, indicating an upside of 9.5% from current levels.
Pure Technologies Ltd (TSX: PUR), engaged in the business of developing infrastructure management technology, was upgraded by Mackie Research Capital Corp. to buy from hold with a price target of C$8.70, indicating an upside potential of 14.5% from current levels.
National Bank Financial upgraded Atlantic Power Corp (TSX: ATP), engaged in owning and operating a fleet of power generation and infrastructure assets in the U.S and Canada, to sector perform from underperform with a price target of C$2.84, indicating an upside of 10.1% from current levels.
Mackie Research Capital Corp. initiated coverage on Espial Group Inc (TSX: ESP), engaged in developing and marketing Internet Protocol Television software, with a speculative buy rating assigning a 12-month price target of C$4.00, indicating an upside of 177.8% from current levels.
Cormark Securities Inc. downgraded Big Rock Brewery Inc (TSX: BR), engaged in producing and marketing premium beers, as well as cider and cooler products, to market perform from buy by reducing its price target to C$14.50 from C$18.50, indicating an upside of 11.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Newfield Exploration Co | NYSE | NFX | 33.26 | 4,564.3 | Upgrade to buy from hold | Stephen Richardson | Deutsche Bank | 42.00 | 26.3% |
| ICU Medical Inc | NASDAQ | ICUI | 71.81 | 1,103.4 | Upgrade to overweight from neutral | Thomas J Gunderson | Piper Jaffray | 86.00 | 19.8% |
| Newcastle Investment Corp | NYSE | NCT | 4.74 | 314.7 | Upgrade to buy from neutral | Team Coverage | Spin-Off Research | 5.00 | 5.5% |
| FireEye Inc | NASDAQ | FEYE | 32.39 | 4,872.1 | Initiate with neutral | Aaron M Schwartz | Macquarie | 34.00 | 5.0% |
| American Eagle Outfitters Inc | NYSE | AEO | 12.47 | 2,424.6 | Downgrade to neutral from buy | Jeffrey Van Sinderen | B Riley & Co | 15.50 | 24.3% |
Deutsche Bank upgraded Newfield Exploration Co (NYSE: NFX), engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids, to buy from hold raising its price target to $42.00 from $38.00, indicating an upside of 26.3% 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 by Piper Jaffray to overweight from neutral raising its price target to $86.00 from $60.00, indicating an upside potential of 19.8% from current levels.
Spin-Off Research upgraded Newcastle Investment Corp (NYSE: NCT), engaged in the business of making investments in real estate securities and other real estate-related assets, to buy from neutral raising its price target to $5.00 from $4.48, indicating an upside of 5.5% from current levels.
Macquarie initiated coverage on FireEye Inc (NASDAQ: FEYE), engaged in providing malware protection systems and network threat prevention solutions, with a neutral rating assigning a 12-month price target of $34.00, indicating an upside of 5.0% from current levels.
American Eagle Outfitters Inc (NYSE: AEO), engaged in the business of retailing men’s and women’s casual apparel, footwear, outerwear and accessories, was downgraded by B Riley & Co to neutral from buy with a price target of $15.50, implying an upside potential of 24.3% from current levels.
