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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Secure Energy Services Inc | TSX | SES | 24.32 | 2,939.0 | Upgrade to outperform from market perform | Michael Mazar | BMO Capital Markets | 30.00 | 23.4% |
| Petrowest Corp | TSX | PRW | 1.24 | 186.3 | Initiate with buy | Kam Mangat | Salman Partners | 1.50 | 21.0% |
| Madalena Energy Inc | TSXV | MVN | 0.49 | 254.7 | Initiate with buy | Michael Charlton | Industrial Alliance Securities | 1.35 | 178.4% |
| Liquor Stores N.A. Ltd | TSX | LIQ | 14.20 | 329.9 | Initiate with buy | Marc Robinson | Cormark Securities Inc. | 17.00 | 19.7% |
| WestJet Airlines Ltd | TSX | WJA | 33.15 | 4,243.4 | Downgrade to hold from buy | David Tyerman | Canaccord Genuity Corp | 35.00 | 5.6% |
BMO Capital Markets upgraded Secure Energy Services Inc (TSX: SES), a diversified energy services company, to outperform from market perform raising its price target to C$30.00 from C$26.00, indicating an upside of 23.4% from current levels.
Salman Partners initiated coverage on Petrowest Corp (TSX: PRW), engaged in providing pre-drilling and post completion services to the northern region of the Western Canadian Sedimentary Basin, with a buy rating assigning a 12-month price target of C$1.50, indicating an upside of 21% from current levels.
Coverage on Madalena Energy Inc (TSXV: MVN), engaged in exploring, developing and producing crude oil and natural gas, was initiated with a buy rating at Industrial Alliance Securities, assigning a 12-months price target of C$1.35, indicating an upside potential of 178.4% from current levels
Cormark Securities Inc. initiated coverage on Liquor Stores N.A. Ltd (TSX: LIQ), engaged in operating a chain of liquor stores throughout Canada, with a buy rating assigning a 12-month price target of C$17.00, indicating an upside of 19.7% from current levels.
WestJet Airlines Ltd (TSX: WJA), engaged in providing airline services and travel packages, was downgraded by Canaccord Genuity Corp to hold from buy reducing its price target to C$35.00 from C$37.00, implying an upside of 5.6% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| ArcBest Corp | NASDAQ | ARCB | 37.65 | 979.4 | Upgrade to buy from neutral | Jeffrey Kauffman | Buckingham Research Group | 45.00 | 19.5% |
| American Eagle Outfitters Inc | NYSE | AEO | 14.43 | 2,805.6 | Upgrade to buy from neutral | Lindsay Drucker Mann | Goldman Sachs | 16.00 | 10.9% |
| Forum Energy Technologies Inc | NYSE | FET | 33.02 | 3,099.0 | Upgrade to buy from neutral | Darren Gacicia | Guggenheim Securities LLC | 40.00 | 21.1% |
| Novatel Wireless Inc | NASDAQ | NVTL | 3.10 | 114.2 | Initiate with buy | Kevin Dede | HC Wainwright & Co LLC | 4.00 | 29.0% |
| Auxilium Pharmaceuticals Inc | NASDAQ | AUXL | 31.12 | 1,567.0 | Downgrade to neutral from buy | Gary Nachman | Goldman Sachs | 31.00 | -0.4% |
Buckingham Research Group upgraded ArcBest Corp (NASDAQ: ARCB), a provider of freight transportation services and solutions, to buy from neutral raising its price target to $45.00 from $34.00, indicating an upside of 19.5% from current levels.
American Eagle Outfitters Inc (NYSE: AEO), a retailer of men’s and women’s casual apparel, footwear, outerwear, and accessories, was upgraded by Goldman Sachs to buy rating from neutral raising its price target to $16.00 from $12.00, indicating an upside potential of 10.9% from current levels.
Guggenheim Securities LLC upgraded Forum Energy Technologies Inc (NYSE: FET), engaged in providing manufacturing technologies and applied products to the energy industry, to buy from neutral with a price target of $40.00, indicating an upside of 21.1% from current levels.
HC Wainwright & Co LLC initiated coverage on Novatel Wireless Inc (NASDAQ: NVTL), a provider of wireless solutions for the worldwide mobile communications markets, with a buy rating assigning a 12-months price target of $4.00, indicating an upside potential of 29% from current levels.
Auxilium Pharmaceuticals Inc (NASDAQ: AUXL), develops and markets therapeutics to urologists, endocrinologists, orthopedists and select primary care physicians, was downgraded by Goldman Sachs to neutral from buy with a price target of $31.00, implying downside of 0.4% from current levels. The rating firm cites a balanced risk/reward following the post-Endo (ENDP) takeover bid rally.
