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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Surge Energy Inc | TSX | SGY | 3.46 | 761.4 | Upgrade to hold from underweight | Neil Fonseca | EVA Dimensions | NA | NA |
| K-Bro Linen Inc | TSX | KBL | 43.45 | 309.4 | Upgrade to outperform from sector perform | Trevor Johnson | National Bank Financial | 48.00 | 10.5% |
| Castle Mountain Mining Co Ltd | TSXV | CMM | 0.24 | 17.3 | Downgrade to neutral from outperform | Ron Stewart | Macquarie | 0.40 | 66.7% |
| Savanna Energy Services Corp | TSX | SVY | 3.25 | 291.8 | Downgrade to sector perform from sector outperform | Jon Morrison | CIBC World Markets | 5.25 | 61.5% |
EVA Dimensions upgraded Surge Energy Inc (TSX: SGY), engaged in the exploration of oil and natural gas, to hold from underweight. The rating company has not provided its target price for the company’s stock.
K-Bro Linen Inc (TSX: KBL), engaged in the business of owning and operating laundry and linen processing facilities in Canada, was upgraded by National Bank Financial to outperform from sector perform by raising its price target to C$48.00 from C$44.00, indicating an upside potential of 10.5% from current levels.
Macquarie downgraded Castle Mountain Mining Co Ltd (TSXV: CMM), engaged in the drilling, exploration, management and production of gold mining properties in the State of California, to neutral from outperform by reducing its price target to C$0.40 from C$1.75, indicating an upside of 66.7% from current levels.
Savanna Energy Services Corp (TSX: SVY), engaged in the business of providing oil and gas service to Canada and parts of the U.S., was downgraded by CIBC World Markets to sector perform from sector outperform by reducing its price target to C$5.25 from C$6.25, implying an upside potential of 61.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Jumei International Holding Ltd | NYSE | JMEI | 13.50 | 1,932.2 | Upgrade to neutral from underperform | Evan Zhou | Credit Suisse | 15.00 | 11.1% |
| Avery Dennison Corp | NYSE | AVY | 50.13 | 4,566.9 | Upgrade to buy from hold | Chris Kapsch | Topeka Capital Markets Inc | 58.50 | 16.7% |
| Cypress Semiconductor Corp | NASDAQ | CY | 13.63 | 2,197.7 | Upgrade to outperform from neutral | Betsy Van Hees | Wedbush | 18.00 | 32.1% |
| Arista Networks Inc | NYSE | ANET | 67.95 | 4,377.7 | Initiate with neutral | Simona Jankowski | Goldman Sachs | 69.00 | 1.5% |
| Heritage Financial Group Inc | NASDAQ | HBOS | 25.23 | 231.8 | Downgade to market perform from outperform | Christopher W Marinac | FIG Partners LLC | 28.00 | 11.0% |
Credit Suisse upgraded Jumei International Holding Ltd (NYSE: JMEI), engaged in the business of retailing beauty products online, to neutral from underperform with a price target of $15.00, indicating an upside of 11.1% from current levels.
Avery Dennison Corp (NYSE: AVY), engaged in the production of pressure-sensitive materials and a range of tickets, tags, labels and other converted products, was upgraded by Topeka Capital Markets Inc to buy from hold by raising its price target to $58.50 from $54.00, indicating an upside potential of 16.7% from current levels.
Wedbush upgraded Cypress Semiconductor Corp (NASDAQ: CY), engaged in designing, developing, manufacturing and marketing a line of digital and mixed-signal integrated circuits, to outperform from neutral by raising its price target to $18.00 from $12.00, indicating an upside of 32.1% from current levels.
Goldman Sachs initiated coverage on Arista Networks Inc (NYSE: ANET), engaged in providing cloud networking solutions for data-centers and computer environments, with a neutral rating assigning a 12-month price target of $69.00, indicating an upside of 1.5% from current levels.
Heritage Financial Group Inc (NASDAQ: HBOS), engaged in offering a range of retail and commercial banking services to customers located in Southwest Georgia , was downgraded by FIG Partners LLC to market perform from outperform with a price target of $28.00, implying an upside potential of 11.0% from current levels.
