Merus Labs International Inc. (TSX: MSL) and Superior Energy Services Inc. (NYSE: SPN)
are among a number of stocks that received either an analyst upgrade
including one with upside potential of more than 78%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Currency Exchange International Corp | TSX | CXI | 19.77 | 106.7 | Initiate with strong buy | Dylan Steuart | Industrial Alliance Securities | 28.00 | 41.6% |
| Cardiome Pharma Corp | TSX | COM | 9.34 | 154.3 | Initiate with buy | Joseph Walewicz | Laurentian Bank Securities | 14.13 | 51.3% |
| Merus Labs International Inc | TSX | MSL | 1.68 | 136.5 | Initiate with buy | Joseph Walewicz | Laurentian Bank Securities | 3.00 | 78.6% |
| IAMGOLD Corp | TSX | IMG | 2.75 | 1,036.5 | Downgrade to underperform from neutral | Ron Stewart | Macquarie | 3.25 | 18.2% |
| Ensign Energy Services Inc | TSX | ESI | 12.50 | 1,916.9 | Downgrade to underperform from outperform | Andrew Bradford | Raymond James | 13.50 | 8.0% |
Industrial Alliance Securities initiated coverage on Currency Exchange International Corp (TSX: CXI), engaged in the business of offering products that include foreign currency exchange, travelers’ checks, and international wire payments and also serving financial institutions, corporations, travel companies and hospitality-related companies in Canada and the U.S., with a strong buy rating assigning a 12-month price target of C$28.00, indicating an upside of 41.6% from current levels.
Coverage on Cardiome Pharma Corp (TSX: COM), engaged in the development and commercialization of new therapies that will improve the quality of life and health of patients, was initiated with a buy rating at Laurentian Bank Securities, assigning a 12-month price target of C$14.13, indicating an upside potential of 51.3% from current levels.
Laurentian Bank Securities initiated coverage on Merus Labs International Inc (TSX: MSL), engaged in acquiring and licensing niche branded pharmaceutical products in the U.S. and Canada, with a buy rating assigning a 12-month price target of C$3.00, indicating an upside of 78.6% from current levels.
IAMGOLD Corp (TSX: IMG), engaged in the development and exploration of gold, was downgraded by Macquarie to underperform from neutral by reducing its price target to C$3.25 from C$4.50, implying an upside potential of 18.2% from current levels.
Raymond James downgraded Ensign Energy Services Inc (TSX: ESI), engaged in providing oilfield services, to underperform from outperform by reducing its price target to C$13.50 from C$18.50, indicating an upside of 8.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Superior Energy Services Inc | NYSE | SPN | 24.47 | 3,723.6 | Upgrade to buy from hold | Robin Shoemaker | KeyBanc Capital Markets | 29.00 | 18.5% |
| Terex Corp | NYSE | TEX | 29.71 | 3,220.6 | Upgrade to buy from hold | Stephen Volkmann | Jefferies | 35.00 | 17.8% |
| Manitowoc Co Inc/The | NYSE | MTW | 20.97 | 2,841.9 | Upgrade to buy from hold | Stephen Volkmann | Jefferies | 25.00 | 19.2% |
| Jumei International Holding Ltd | NYSE | JMEI | 23.21 | 3,322.0 | Initiate with underweight | Chi Tsang | HSBC | 20.00 | -13.8% |
| Associated Estates Realty Corp | NYSE | AEC | 21.54 | 1,241.7 | Downgrade to hold from buy | David Toti | Cantor Fitzgerald | 19.50 | -9.5% |
KeyBanc Capital Markets upgraded Superior Energy Services Inc (NYSE: SPN), engaged in providing the drilling, completion and production related needs of oil and gas companies, to buy from hold with a price target of $29.00, indicating an upside of 18.5% from current levels.
Terex Corp (NYSE: TEX), engaged in manufacturing broad range of equipments for use in various industries including the construction, infrastructure, quarrying, mining, shipping, transportation, refining, energy and utility industries, was upgraded by Jefferies to buy from hold raising its price target to $35.00 from $30.00, indicating an upside potential of 17.8% from current levels.
Jefferies upgraded Manitowoc Co Inc/The (NYSE: MTW), engaged in manufacturing cranes, related products and foodservice equipments, to buy from hold raising its price target to $25.00 from $23.00, indicating an upside of 19.2% from current levels.
HSBC initiated coverage on Jumei International Holding Ltd (NYSE: JMEI), engaged in the business of retailing beauty products online, with an underweight rating assigning a 12-month price target of $20.00, indicating a downside of 13.8% from current levels.
Associated Estates Realty Corp (NYSE: AEC), engaged in owning and managing multifamily properties, was downgraded by Cantor Fitzgerald to hold from buy with a price target of $19.50, implying a downside potential of 9.5% from current levels.
