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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| IBI Group Inc | TSX | IBG | 2.86 | 50.4 | Upgrade to buy from hold | Mona Nazir | Laurentian Bank Securities | 4.00 | 39.9% |
| Lightstream Resources Ltd | TSX | LTS | 6.00 | 1,200.9 | Upgrade to speculative buy from hold | Gordon Currie | Salman Partners | 7.50 | 25.0% |
| TECSYS Inc | TSX | TCS | 6.85 | 79.0 | Initiate with buy | Justin Kew | Cantor Fitzgerald | 8.50 | 24.1% |
| Descartes Systems Group Inc | TSX | DSG | 15.44 | 1,158.9 | Initiate with overweight | Phillip Huang | Barclays | 18.00 | 16.6% |
| Trevali Mining Corp | TSX | TV | 1.26 | 352.2 | Downgrade to hold from buy | Stefan Ioannou | Haywood Securities Inc. | 1.35 | 7.1% |
Laurentian Bank Securities upgraded IBI Group Inc (TSX: IBG), an international, multi-disciplinary provider of a range of professional services focused on the physical development of cities, to buy from hold raising its price target to C$4.00 from C$2.00, indicating an upside of 39.9% from current levels.
Lightstream Resources Ltd (TSX: LTS), a light oil-focused exploration and production company in Canada, was upgraded to speculative buy from hold at Salman Partners with a price target of C$7.50, indicating an upside of 25% from current levels.
Cantor Fitzgerald initiated coverage on TECSYS Inc (TSX: TCS), a supply chain management (SCM) provider of powerful warehouse, transportation and distribution management software solutions and industry expert services, with a buy rating assigning a 12-month price target of C$8.50, indicating an upside of 24.1% from current levels.
Coverage on Descartes Systems Group Inc (TSX: DSG), a global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources, was initiated with an overweight rating at Barclays assigning a 12-month price target of $18.00, indicating an upside of 16.6% from current levels.
Haywood Securities Inc. downgraded Trevali Mining Corp (TSXV: TV), engaged in the acquisition, exploration and development of polymetallic properties, to hold from buy with a price target of C$1.35, indicating an upside of 7.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| KapStone Paper and Packaging Corp | NYSE | KS | 30.72 | 2,946.8 | Upgrade to buy from hold | Debbie Jones | Deutsche Bank | 36.00 | 17.2% |
| Heartland Payment Systems Inc | NYSE | HPY | 47.98 | 1,726.5 | Upgrade to outperform from market perform | Steven Kwok | Keefe, Bruyette & Woods | 56.00 | 16.7% |
| Almost Family Inc | NASDAQ | AFAM | 26.97 | 255.4 | Upgrade to buy from hold | Brian Tanquilut | Jefferies | 33.00 | 22.4% |
| CoStar Group Inc | NASDAQ | CSGP | 148.17 | 4,786.1 | Initiate with buy/neutral | Andre Benjamin | Goldman Sachs | 180.00 | 21.5% |
| Constellium NV | NYSE | CSTM | 29.23 | 3,069.9 | Downgrade to neutral from outperform | Julian Mitchell | Credit Suisse | 32.00 | 9.5% |
Deutsche Bank upgraded KapStone Paper and Packaging Corp (NYSE: KS), an integrated manufacture and sale of unbleached kraft paper and corrugated products for industrial and consumer markets, to buy from hold increasing its price target to $36.00 from $26.00, indicating an upside of 17.2% from current levels.
Heartland Payment Systems Inc (NYSE: HPY), a provider of bankcard payment processing services to merchants, was upgraded outperform from market perform at Keefe, Bruyette & Woods raising its price target to $56.00 from $51.00, indicating an upside of 16.7% from current levels.
Jefferies upgraded Almost Family Inc (NASDAQ: AFAM), a regionally focused provider of home health services, to buy from hold increasing its price target to $33.00 from $23.00, indicating an upside of 22.4% from current levels.
Goldman Sachs initiated coverage on CoStar Group Inc (NASDAQ: CSGP), a provider of information, analytics and marketing services to the commercial real estate industry, with a buy/neutral rating assigning a 12-month price target of $180.00, indicating an upside of 21.5% from current levels.
Credit Suisse downgraded Constellium NV (NYSE: CSTM), a Netherlands-based company, which is engaged in the manufacture of aluminum products and solutions, to neutral from outperform lowering its price target to $32.00 from $33.00, indicating an upside of 9.5% from current levels.
