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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| HudBay Minerals Inc | TSX | HBM | 8.62 | 2,014.0 | Upgrade to outperform from market perform | Alex Terentiew | Raymond James | 11.50 | 33.4% |
| Endeavour Silver Corp | TSX | EDR | 2.13 | 217.2 | Upgrade to buy from neutral | Christos Doulis | PI Financial Corp. | 3.40 | 59.6% |
| Crombie Real Estate Investment Trust | TSX | CRR-U | 12.35 | 1,574.5 | Upgrade to outperform from market perform | Ken Avalos | Raymond James | 14.00 | 13.4% |
| West Kirkland Mining Inc | TSXV | WKM | 0.08 | 22.1 | Initiate with buy | Derek Macpherson | M Partners Inc | 0.20 | 166.7% |
| Long Run Exploration Ltd | TSX | LRE | 1.34 | 259.3 | Downgrade to market perform from outperform | Katrina L Karkkainen | FirstEnergy Capital Corp | 1.75 | 30.6% |
HudBay Minerals Inc (TSX: HBM), engaged in the business of mining and producing zinc, copper, gold and silver, was upgraded by Raymond James, to outperform from market perform by increasing its price target to C$11.50 from C$11.00, indicating an upside potential of 33.4% from current levels.
PI Financial Corp. upgraded Endeavour Silver Corp (TSX: EDR), engaged in the production of silver, to buy from neutral, with a price target of C$3.40, indicating an upside potential of 59.6% from current levels.
Raymond James upgraded Crombie Real Estate Investment Trust (TSX: CRR-U), engaged in operating a portfolio of grocery and drug store anchored shopping centers and freestanding stores in Canada, to outperform from market perform, with a price target of C$14.00, indicating an upside potential of 13.4% from current levels.
Coverage on West Kirkland Mining Inc (TSXV: WKM), engaged in the acquisition, exploration and development of mineral resource properties, was initiated with a buy rating at M Partners Inc, assigning a 12-month price target of C$0.20, indicating an upside potential of 166.7% from current levels.
FirstEnergy Capital Corp downgraded Long Run Exploration Ltd (TSX: LRE), engaged in the light-oil development and exploration in western Canada, to market perform from outperform by reducing its price target to C$1.75 from C$2.25, indicating an upside of 30.6% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Allegheny Technologies Inc | NYSE | ATI | 30.3 | 3,293.70 | Upgrade to buy from neutral | Josh W Sullivan | Sterne Agee & Leach | 38.00 | 125.4% |
| VeriFone Systems Inc | NYSE | PAY | 34.34 | 3,882.43 | Upgrade to overweight from equalweight | Darrin D Peller | Barclays | 47.00 | 136.9% |
| GrubHub Inc | NYSE | GRUB | 33.11 | 2,699.30 | Upgrade to buy from neutral | Heath P Terry | Goldman Sachs | 43.00 | 129.9% |
| PerkinElmer Inc | NYSE | PKI | 40.95 | 4,625.82 | Initiate with buy | Matthew Mishan | KeyBanc Capital Markets | 52.00 | 127.0% |
| Eclipse Resources Corp | NYSE | ECR | 6.07 | 971.39 | Downgrade to sector perform from sector outperform | Holly Stewart | Howard Weil Inc | 10.00 | 164.7% |
Sterne Agee & Leach upgraded Allegheny Technologies Inc (NYSE: ATI), engaged in the business of producing specialty metals, to buy from neutral with a price target of $38.00, indicating an upside potential of 125.4% from current levels.
VeriFone Systems Inc (NYSE: PAY), engaged in providing the secure electronic payment solutions, was upgraded by Barclays to overweight from equal weight by increasing its price target to $47.00 from $36.00, indicating an upside of 136.9% from current levels.
Goldman Sachs upgraded GrubHub Inc (NYSE: GRUB), engaged in the business of providing online and mobile platform for restaurant pick-up and delivery orders, to buy from neutral by raising its price target to $43.00 from $42.00, indicating an upside of 129.9% from current levels.
KeyBanc Capital Markets initiated coverage on PerkinElmer Inc (NYSE: PKI), engaged in the business of providing products, services and solutions to the diagnostics, research, environmental, industrial and laboratory services markets, with a buy rating assigning a 12-month price target of $52.00, indicating an upside of 127.0% from current levels.
Eclipse Resources Corp (NYSE: ECR), engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin, was downgraded by Howard Weil Inc to sector perform from sector outperform by reducing its price target to $10.00 from $20.00, indicating an upside of 164.7% from current levels.
