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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Input Capital Corp | TSXV | INP | 2.13 | 173.5 | Upgrade to buy from market perform | Marc Robinson | Cormark Securities Inc. | 2.70 | 26.8% |
| Laurentian Bank of Canada | TSX | LB | 48.17 | 1,389.2 | Upgrade to buy from market perform | Meny Grauman | Cormark Securities Inc. | 55.00 | 14.2% |
| BSM Technologies Inc | TSXV | GPS | 1.28 | 61.1 | Initiate with buy | Vahan Ajamian | Beacon Securities Ltd | 2.20 | 71.9% |
| Chemtrade Logistics Income Fund | TSX | CHE-U | 19.96 | 1,362.8 | Initiate with buy | Anoop Prihar | GMP | 23.00 | 15.2% |
| Industrial Alliance Insurance & Financial Services Inc | TSX | IAG | 44.70 | 4,486.4 | Downgrade to sector perform from outperform | Peter D Routledge | National Bank Financial | 48.00 | 7.4% |
Cormark Securities Inc. upgraded Input Capital Corp (TSXV: INP), engaged in operating agricultural commodity business, where it makes up-front payments to farmers in need of capital, to buy from market perform by raising its price target to C$2.70 from C$2.40, indicating an upside of 26.8% from current levels.
Laurentian Bank of Canada (TSX: LB), engaged in the business of offering retail, agency, commercial and corporate banking products and services to individuals and small to medium sized businesses, was upgraded by Cormark Securities Inc. to buy from market perform by raising its price target to C$55.00 from C$54.00, indicating an upside potential of 14.2% from current levels.
Beacon Securities Ltd initiated coverage on BSM Technologies Inc (TSXV: GPS), engaged in providing asset management, asset tracking and asset monitoring solutions through traditional and wireless technology, with a buy rating assigning a 12-month price target of C$2.20, indicating an upside of 71.9% from current levels.
Coverage on Chemtrade Logistics Income Fund (TSX: CHE-U), engaged in the business of providing industrial chemicals and services to customers in North America and around the world, was initiated with a buy rating at GMP, assigning a 12-month price target of C$23.00, indicating an upside potential of 15.2% from current levels.
National Bank Financial downgraded Industrial Alliance Insurance & Financial Services Inc (TSX: IAG), engaged in the business of providing insurance and financial services throughout Canada, to sector perform from outperform by reducing its price target to C$48.00 from C$50.00, indicating an upside of 7.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| United Natural Foods Inc | NASDAQ | UNFI | 76.24 | 3,812.2 | Upgrade to buy from hold | John D Staszak | Argus Research Corp | 90.00 | 18.0% |
| Advisory Board Co/The | NASDAQ | ABCO | 44.57 | 1,605.1 | Upgrade to buy from hold | Shlomo H Rosenbaum | Stifel | 47.00 | 5.5% |
| RealD Inc | NYSE | RLD | 11.48 | 576.1 | Upgrade to buy from neutral | Steven B Frankel | Dougherty & Company LLC | 14.00 | 22.0% |
| Hudson Pacific Properties Inc | NYSE | HPP | 29.34 | 1,967.2 | Intiate with buy | Barry Oxford | D.A. Davidson & Co | 35.00 | 19.3% |
| Owens-Illinois Inc | NYSE | OI | 24.86 | 4,099.7 | Downgrade to equalweight from overweight | Scott L Gaffner | Barclays | 25.00 | 0.6% |
Argus Research Corp upgraded United Natural Foods Inc (NASDAQ: UNFI), engaged in the business of distributing natural foods and related products, to buy from hold with a price target of $90.00, indicating an upside of 18.0% from current levels.
Advisory Board Co/The (NASDAQ: ABCO), engaged in providing best practice research and analysis to the health care industry, was upgraded by Stifel to buy from hold with a price target of $47.00, indicating an upside potential of 5.5% from current levels.
Dougherty & Company LLC upgraded RealD Inc (NYSE: RLD), engaged in the business of licensing stereoscopic or 3D technologies, to buy from neutral with a price target of $14.00, indicating an upside of 22.0% from current levels.
D.A. Davidson & Co initiated coverage on Hudson Pacific Properties Inc (NYSE: HPP), engaged in owning, operating and acquiring office properties, with a buy rating assigning a 12-month price target of $35.00, indicating an upside of 19.3% from current levels.
Owens-Illinois Inc (NYSE: OI), engaged in the business of manufacturing glass packaging products, was downgraded by Barclays to equal weight from overweight by reducing its price target to $25.00 from $29.00, implying an upside potential of 0.6% from current levels.
