| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Twin Butte Energy Ltd | TSX | TBE | 1.83 | 632.0 | Upgrade to buy from hold | Gordon Currie | Salman Partners | 2.35 | 28.4% |
| Industrial Alliance Insurance & Financial Services Inc | TSX | IAG | 46.04 | 4,587.4 | Upgrade to outperform from sector perform | Darko Mihelic | RBC Capital Markets | 50.00 | 8.6% |
| Evertz Technologies Ltd | TSX | ET | 18.40 | 1,367.3 | Upgrade to buy from hold | Robert Young | Canaccord Genuity Corp | 19.50 | 6.0% |
| Largo Resources Ltd | TSXV | LGO | 0.27 | 265.8 | Initiate with buy | Cliff Hale-Sanders | Cormark Securities Inc. | 1.00 | 270.4% |
| Canacol Energy Ltd | TSX | CNE | 7.50 | 803.0 | Initiate with buy | Maria Adelaida Velasquez Mejia | Serfinco | 9.00 | 20.0% |
Twin Butte Energy Ltd (TSX: TBE), a junior oil and gas exploration and production company engaged in the acquisition of, exploration for and the development and production of petroleum and natural gas properties in Western Canada was upgraded at Salman Partners, to buy from hold, maintaining the price target at C$2.35, an upside of 28.4% from current levels.
RBC Capital Markets upgraded Industrial Alliance Insurance & Financial Services Inc (TSX: IAG), a life and health insurance company, to outperform from sector perform, raising the price target to C$50.00 from C$48.00, an upside of 8.6% from current levels.
Evertz Technologies Ltd (TSX: ET), an equipment provider to the television broadcast telecommunications and new-media industries, was upgraded at Canaccord Genuity Corp, to buy from hold, raising the price target to C$19.50 from C$17.50, an upside of 6.0% from current levels.
Cormark Securities Inc. initiated coverage on Largo Resources Ltd (TSXV: LGO), engaged in the acquisition, exploration and development of properties located in Brazil and Canada, with buy assigning a 12-month price target of C$1.00, an upside of 270.4% from current levels.
Serfinco initiated coverage on Canacol Energy Ltd (TSX: CNE), engaged in petroleum and natural gas exploration and development activities in Colombia, Brazil, Ecuador and Guyana, with buy assigning a 12-month price target of C$9.00, an upside of 20.0% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Geron Corp | NASDAQ | GERN | 3.15 | 494.4 | Upgrade to buy from hold | Dr George B Zavoico | MLV & Co | 4.25 | 34.9% |
| Penn Virginia Corp | NYSE | PVA | 14.86 | 974.8 | Upgrade to buy from hold | Amir Arif | Stifel | 23.00 | 54.8% |
| Recro Pharma Inc | NASDAQ | REPH | 7.75 | 59.7 | Initiate with buy | Dr Raghuram Selvaraju | Aegis Capital Corp. | 40.00 | 416.1% |
| Ceva Inc | NASDAQ | CEVA | 14.38 | 301.8 | Downgrade to sell from neutral | Jay Srivatsa | Chardan Capital Markets | 13.00 | -9.6% |
| Hawaiian Holdings Inc | NASDAQ | HA | 14.52 | 772.5 | Downgrade to in-line from outperform | Robert McAdoo | Imperial Capital LLC | 16.00 | 10.2% |
MLV & Co upgraded Geron Corp (NASDAQ: GERN), a clinical-stage biopharmaceutical company developing a first-in-class telomerase inhibitor, imetelstat, in hematologic myeloid malignancies, to buy from hold, raising the price target to $4.25 from $2.00, an upside of 34.9% from current levels.
Penn Virginia Corp (NYSE: PVA), an independent oil and gas company engaged primarily in the exploration, development and production of oil, natural gas liquids and natural gas in various domestic onshore regions of the U.S., including Texas, the Mid-Continent and Mississippi, was upgraded at Stifel, to buy from hold with a price target of $23.00, an upside of 54.8% from current levels.
Aegis Capital Corp. initiated coverage on Recro Pharma Inc (NASDAQ: REPH), a clinical-stage specialty pharmaceutical company engaged in developing non-opioid therapeutics for the treatment of pain, initially in the post-operative setting, with buy assigning a 12-month price target of $40.00, an upside of 416.1% from current levels.
Chardan Capital Markets downgraded Ceva Inc (NASDAQ: CEVA), a licensor of silicon intellectual property (SIP) primarily for the handsets, mobile broadband, portable and consumer electronics markets, to sell from neutral, maintaining the price target at $13.00, a downside of 9.6% from current levels.
Hawaiian Holdings Inc (NASDAQ: HA), a holding company whose primary asset is the sole ownership of all issued and outstanding shares of common stock of Hawaiian Airlines, Inc., was downgraded at Imperial Capital LLC to in-line from outperform, maintaining the price target at $16.00, an upside of 10.2% from current levels.
