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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| TeraGo Inc | TSX | TGO | 5.00 | 58.1 | Upgrade to buy from hold | Vince Valentini | TD Securities | 6.00 | 20.0% |
| Fortuna Silver Mines Inc | TSX | FVI | 5.02 | 638.2 | Upgrade to buy from market perform | Graeme Jennings | Cormark Securities Inc. | 5.75 | 14.5% |
| Bankers Petroleum Ltd | TSX | BNK | 4.42 | 1,153.7 | Upgrade to buy from hold | Robert Rethy | Wood & Company | 7.20 | 62.9% |
| DHX Media Ltd | TSX | DHX/B | 8.85 | 1,064.2 | Initiate with sector perform | Tony Rizzi | CIBC World Markets | 9.50 | 7.3% |
| New Gold Inc | TSX | NGD | 5.08 | 2,560.3 | Downgrade to neutral from overweight | John Bridges | JPMorgan | 6.16 | 21.3% |
TD Securities upgraded TeraGo Inc (TSX: TGO), engaged in providing wireless broadband communications services in Canada, to buy from hold with a price target of C$6.00, indicating an upside of 20.0% from current levels.
Fortuna Silver Mines Inc (TSX: FVI), engaged in the business of silver mining and related activities, was upgraded by Cormark Securities Inc. to buy from market perform with a price target of C$5.75, indicating an upside potential of 14.5% from current levels.
Wood & Company upgraded Bankers Petroleum Ltd (TSX: BNK), engaged in the exploration of oil in Albania, to buy from hold with a price target of C$7.20, indicating an upside of 62.9% from current levels.
CIBC World Markets initiated coverage on DHX Media Ltd (TSX: DHX/B), engaged in producing television programming and movies, with a sector perform rating assigning a 12-month price target of C$9.50, indicating an upside potential of 7.3% from current levels.
JPMorgan downgraded New Gold Inc (TSX: NGD), engaged in acquiring, exploring, and developing gold properties, to neutral from overweight by reducing its price target to C$6.16 from C$7.65, indicating an upside of 21.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Rackspace Hosting Inc | NYSE | RAX | 32.80 | 4,690.9 | Upgrade to buy from hold | Jonathan Schildkraut | Evercore Partners | 42.00 | 28.0% |
| SunPower Corp | NASDAQ | SPWR | 26.98 | 3,537.9 | Upgrade to outperform from market perform | Pavel Molchanov | Raymond James | 35.00 | 29.7% |
| Apartment Investment & Management Co | NYSE | AIV | 33.44 | 4,888.5 | Upgrade to strong buy from market perform | Buck Horne | Raymond James | 39.00 | 16.6% |
| Rite Aid Corp | NYSE | RAD | 4.51 | 4,426.3 | Initiate with market perform | Charles Rhyee | Cowen and Company | 6.00 | 33.0% |
| JC Penney Co Inc | NYSE | JCP | 7.09 | 2,161.3 | Downgrade to sell from neutral | Michael Binetti | UBS | 5.00 | -29.5% |
Evercore Partners upgraded Rackspace Hosting Inc (NYSE: RAX), engaged in offering diverse portfolio of cloud computing services, to buy from hold raising its price target to $42.00 from $40.00, indicating an upside of 28.0% from current levels.
SunPower Corp (NASDAQ: SPWR), engaged in designing, manufacturing and marketing high-performance solar electric power technologies, was upgraded by Raymond James to outperform from market perform with a price target of $35.00, indicating an upside potential of 29.7% from current levels.
Raymond James upgraded Apartment Investment & Management Co (NYSE: AIV), engaged in owning geographically diversified portfolio of multifamily apartment properties in the U.S., to strong buy from market perform with a price target of $39.00, indicating an upside of 16.6% from current levels.
Cowen and Company initiated coverage on Rite Aid Corp (NYSE: RAD), engaged in selling prescription drugs, nonprescription medications, health, beauty aids, and cosmetics, with a market perform rating assigning a 12-month price target of $6.00, indicating an upside potential of 33.0% from current levels.
JC Penney Co Inc (NYSE: JCP), engaged in selling merchandise and services to consumers through its department stores and through its internet website, was downgraded by UBS to sell from neutral by reducing its price target to $5.00 from $10.00, implying a downside potential of 29.5% from current levels.
