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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| UrtheCast Corp | TSX | UR | 1.43 | 93.2 | Upgrade to speculative buy from hold | Kevin Wright | Canaccord Genuity Corp | 2.25 | 57.3% |
| K-Bro Linen Inc | TSX | KBL | 41.05 | 292.3 | Upgrade to buy from hold | Douglas W Loe | Euro Pacific Canada Inc | 45.25 | 10.2% |
| Canadian Energy Services & Technology Corp | TSX | CEU | 9.21 | 1,969.4 | Upgrade to outperform from sector perform | Dan Macdonald | RBC Capital Markets | 12.00 | 30.3% |
| Redknee Solutions Inc | TSX | RKN | 3.74 | 407.3 | Initiate with outperform | Steven Li | Raymond James | 5.40 | 44.4% |
| Leisureworld Senior Care Corp | TSX | LW | 14.00 | 507.7 | Downgrade to hold from buy | Neil Maruoka | Canaccord Genuity Corp | 14.50 | 3.6% |
Canaccord Genuity Corp upgraded UrtheCast Corp (TSX: UR), engaged in developing and publishing a high definition video web platform, to speculative buy from hold raising its price target to C$2.25 from C$1.50, indicating an upside of 57.3% from current levels.
K-Bro Linen Inc (TSX: KBL), engaged in owning and operating laundry and linen processing facilities in Canada, was upgraded by Euro Pacific Canada Inc to buy from hold raising its price target to C$45.25 from C$38.75, indicating an upside potential of 10.2% from current levels.
RBC Capital Markets upgraded Canadian Energy Services & Technology Corp (TSX: CEU), engaged in the business of designing and delivering drilling fluid systems used to drill oil and natural gas wells, to outperform from sector perform with a price target of C$12.00, indicating an upside of 30.3% from current levels.
Raymond James initiated coverage on Redknee Solutions Inc (TSX: RKN), engaged in providing infrastructure software solutions for mobile networks, with an outperform rating assigning a 12-month price target of C$5.40, indicating an upside of 44.4% from current levels.
Leisureworld Senior Care Corp (TSX: LW), engaged in providing licensed long-term care for the elderly in nursing homes, retirement homes and independent living facilities, was downgraded by Canaccord Genuity Corp to hold from buy with a price target of C$14.50, implying an upside potential of 3.6% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Global Partners LP/MA | NYSE | GLP | 42.30 | 1,160.3 | Upgrade to outperform from sector perform | Elvira Scotto | RBC Capital Markets | 47.00 | 11.1% |
| Geron Corp | NASDAQ | GERN | 2.76 | 433.9 | Upgrade to overweight from neutral | Dr Charles C Duncan | Piper Jaffray | 5.00 | 81.2% |
| Rofin-Sinar Technologies Inc | NASDAQ | RSTI | 26.17 | 733.0 | Upgrade to buy from neutral | Mark Douglass | Longbow Research | 33.00 | 26.1% |
| Scorpio Tankers Inc | NYSE | STNG | 8.38 | 1,443.1 | Initiate with buy | Spiro M Dounis | UBS | 9.50 | 13.4% |
| Urban Outfitters Inc | NASDAQ | URBN | 30.85 | 4,144.3 | Downgrade to neutral from buy | Betty Chen | Mizuho Securities USA Inc | 30.00 | -2.8% |
RBC Capital Markets upgraded Global Partners LP/MA (NYSE: GLP), engaged in purchasing, storing, terminalling, transporting and selling refined petroleum products, renewable fuels and crude oil, to outperform from sector perform raising its price target to $47.00 from $40.00, indicating an upside of 11.1% from current levels.
Geron Corp (NASDAQ: GERN), engaged in developing a first-in-class telomerase inhibitor, imetelstat in hematologic myeloid malignancies, was upgraded by Piper Jaffray to overweight from neutral raising its price target to $5.00 from $3.78, indicating an upside potential of 81.2% from current levels.
Longbow Research upgraded Rofin-Sinar Technologies Inc (NASDAQ: RSTI), engaged in developing, manufacturing and marketing laser-based products used for cutting, welding and marking a wide range of industrial materials, to buy from neutral with a price target of $33.00, indicating an upside of 26.1% from current levels.
UBS initiated coverage on Scorpio Tankers Inc (NYSE: STNG), engaged in providing seaborne transportation of crude oil and other petroleum products worldwide, with a buy rating assigning a 12-month price target of $9.50, indicating an upside of 13.4% from current levels.
Urban Outfitters Inc (NASDAQ: URBN), engaged in the business of retailing fashion apparel, accessories, household and gift merchandise, was downgraded by Mizuho Securities USA Inc to neutral from buy by reducing its price target to $30.00 from $36.00, implying a downside potential of 2.8% from current levels.
