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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Rogers Sugar Inc | TSX | RSI | 4.72 | 443.8 | Upgrade to sector perform from underperform | Trevor Johnson | National Bank Financial | 4.50 | -4.7% |
| Carfinco Financial Group Inc | TSX | CFN | 8.24 | 218.1 | Upgrade to strong buy from buy | Dylan Steuart | Industrial Alliance Securities | 11.00 | 33.5% |
| Almonty Industries Inc | TSXV | AII | 0.68 | 25.1 | Initiate with buy | Matthew Sheppard | Jacob Securities Inc | 1.85 | 172.1% |
| Excellon Resources Inc | TSX | EXN | 1.21 | 66.5 | Initiate with buy | Graeme Jennings | Cormark Securities Inc. | 2.00 | 65.3% |
| ADF Group Inc | TSX | DRX | 2.30 | 74.8 | Downgrade to hold from buy | Justin Wu | GMP | 2.70 | 17.4% |
National Bank Financial upgraded Rogers Sugar Inc (TSX: RSI), engaged in manufacturing and distributing sugar, to sector perform from under perform raising its price target to C$4.50 from C$4.25, indicating a downside of -4.7% from current levels.
Carfinco Financial Group Inc (TSX: CFN), engaged in providing specialty consumer financing for vehicle purchases, was upgraded by Industrial Alliance Securities to strong buy from buy with price target of C$11.00, indicating an upside of 33.5% from current levels.
Jacob Securities Inc initiated coverage on Almonty Industries Inc (TSXV: AII), engaged in the business of mining, processing and shipping of tungsten concentrate from its tungsten mine at the Los Santos Project, with a buy rating assigning a 12-month price target of C$1.85, indicating an upside of 172.1% from current levels.
Coverage on Excellon Resources Inc (TSX: EXN), engaged in producing mineral resources silver, lead and zinc from its mining operations, was initiated with a buy rating at Cormark Securities Inc., assigning a 12-months price target of C$2.00, indicating an upside potential of 65.3% from current levels.
ADF Group Inc (TSX: DRX), engaged in the design and engineering of connections, fabrication and installation of complex steel structures, was downgraded by GMP to hold from buy by reducing its price target to C$2.70 from C$3.70, indicating an upside of 17.4% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Wet Seal Inc/The | NASDAQ | WTSL | 0.72 | 60.7 | Upgrade to buy from neutral | Jeffrey Van Sinderen | B Riley & Co | 1.50 | 108.3% |
| Cedar Realty Trust Inc | NYSE | CDR | 6.18 | 489.5 | Upgrade to buy from hold | Todd M Thomas | KeyBanc Capital Markets | 7.50 | 21.4% |
| Atlas Air Worldwide Holdings Inc | NASDAQ | AAWW | 36.37 | 918.6 | Upgrade to outperform from market perform | John R Mims | FBR Capital Markets | 40.00 | 10.0% |
| Chart Industries Inc | NASDAQ | GTLS | 66.20 | 2,017.5 | Initiate with market perform | Jeffrey D Osborne | Cowen and Company | 67.00 | 1.2% |
| E2open Inc | NASDAQ | EOPN | 11.51 | 334.9 | Downgrade to market perform from outperform | Scott Berg | Northland Securities Inc | 16.00 | 39.0% |
B Riley & Co upgraded Wet Seal Inc (NASDAQ: WTSL), engaged in selling fashion apparel and accessory items, to buy from neutral raising its price target to $1.50 from $0.90, indicating an upside potential of 108.3% from current levels.
Cedar Realty Trust Inc (NYSE: CDR), a real estate investment trust with primary focus on ownership and operations of supermarket-anchored shopping centers, was upgraded by KeyBanc Capital Markets to buy rating from hold with a price target of $7.50, indicating an upside of 21.4% from current levels.
FBR Capital Markets upgraded Atlas Air Worldwide Holdings Inc (NASDAQ: AAWW), a global provider of outsourced aircraft and aviation operating services, to outperform from market perform raising its price target to $40.00 from $35.00, indicating an upside of 10% from current levels.
Cowen and Company initiated coverage on Chart Industries Inc (NASDAQ: GTLS), an independent global manufacturer of engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, with a market perform rating assigning a 12-months price target of $67.00, indicating an upside potential of 1.2% from current levels.
E2open Inc (NASDAQ: EOPN), a provider of cloud-based, on-demand software solutions, was downgraded by Northland Securities Inc to market perform from outperform reducing its price target to $16.00 from $27.00, implying an upside of 39% from current levels.
