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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Copper Mountain Mining Corp | TSX | CUM | 2.22 | 263.7 | Upgrade to outperform from sector perform | Stephen Parsons | National Bank Financial | 3.00 | 35.1% |
| Extendicare Inc | TSX | EXE | 6.66 | 608.1 | Upgrade to buy from hold | Douglas W Loe | Euro Pacific Canada Inc | 10.00 | 50.2% |
| SEMAFO Inc | TSX | SMF | 3.21 | 890.6 | Upgrade to buy from hold | Steven J Green | TD Securities | 4.50 | 40.2% |
| Argex Titanium Inc | TSX | RGX | 0.59 | 84.5 | Initiate with buy | Fadi Benjamin | Pope & Co Limited | 2.10 | 255.9% |
| Vicwest Inc | TSX | VIC | 12.67 | 223.4 | Downgrade to reduce from buy | Sarah Hughes | Cormark Securities Inc. | 12.70 | 0.2% |
National Bank Financial upgraded Copper Mountain Mining Corp (TSX: CUM), engaged in the business of mineral exploration, development and operation of mineral deposits with focus on mining project, to outperform from sector perform with a price target of C$3.00, indicating an upside of 35.1% from current levels.
Extendicare Inc (TSX: EXE), engaged in providing post-acute and long-term senior care services, including skilled nursing care, rehabilitative therapies, and home health care services, was upgraded by Euro Pacific Canada Inc to buy from hold raising its price target to C$10.00 from C$7.50, indicating an upside potential of 50.2% from current levels.
TD Securities upgraded SEMAFO Inc (TSX: SMF), engaged in the production and exploration of gold, to buy from hold with a price target of C$4.50, indicating an upside of 40.2% from current levels.
Pope & Co Limited initiated coverage on Argex Titanium Inc (TSX: RGX), engaged in the production of Titanium Dioxide, with a buy rating assigning a 12-month price target of C$2.10, indicating an upside of 255.9% from current levels.
Vicwest Inc (TSX: VIC), engaged in manufacturing metal roofing, siding and other metal building products, was downgraded by Cormark Securities Inc. to reduce from buy by reducing its price target to C$12.70 from C$13.00, implying an upside potential of 0.2% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Pinnacle Entertainment Inc | NYSE | PNK | 22.47 | 1,347.7 | Upgrade to hold from sell | Bryan Maher | Craig-Hallum Capital Group Ltd | 22.00 | -2.1% |
| Frank’s International NV | NYSE | FI | 20.24 | 3,122.5 | Upgrade to outperform from neutral | James Wicklund | Credit Suisse | 27.00 | 33.4% |
| Safe Bulkers Inc | NYSE | SB | 5.54 | 462.3 | Upgrade to buy from hold | Petter Haugen | DNB Markets | 8.30 | 49.8% |
| Lennox International Inc | NYSE | LII | 91.38 | 4,389.9 | Initiate with buy | Jonathan Wright | Nomura | 100.00 | 9.4% |
| JetBlue Airways Corp | NASDAQ | JBLU | 12.53 | 3,656.4 | Downgrade to neutral from overweight | Jamie N Baker | JPMorgan | 15.50 | 23.7% |
Craig-Hallum Capital Group Ltd upgraded Pinnacle Entertainment Inc (NYSE: PNK), engaged in owning, operating and developing casinos, related hospitality and entertainment facilities, to hold from sell raising its price target to $22.00 from $19.00, indicating a downside of 2.1% from current levels.
Frank’s International NV (NYSE: FI), engaged in providing engineered tubular services to the oil and gas industry, was upgraded by Credit Suisse to outperform from neutral raising its price target to $27.00 from $22.00, indicating an upside potential of 33.4% from current levels.
DNB Markets upgraded Safe Bulkers Inc (NYSE: SB), engaged in providing marine dry bulk transportation services by transporting bulk cargoes particularly grain, iron ore, and coal, to buy from hold raising its price target to $8.30 from $7.30, indicating an upside of 49.8% from current levels.
Nomura initiated coverage on Lennox International Inc (NYSE: LII), engaged in designing, manufacturing and marketing heating, ventilation, air conditioning, and refrigeration equipments, with a buy rating assigning a 12-month price target of $100.00, indicating an upside of 9.4% from current levels.
JetBlue Airways Corp (NASDAQ: JBLU), engaged in providing nonstop passenger flight services to various destinations in the U.S., was downgraded by JPMorgan to neutral from overweight with a price target of $15.50, implying an upside potential of 23.7% from current levels.
