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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Metro Inc | TSX | MRU | 90.50 | 7,669.3 | Upgrade to market perform from underperform | Peter Sklar | BMO Capital Markets | 90.00 | -0.6% |
| Pacific Rubiales Energy Corp | TSX | PRE | 14.00 | 4,418.5 | Initiate with sell | Alexander Burgansky | Deutsche Bank | 10.60 | -24.3% |
| Chinook Energy Inc | TSX | CKE | 1.65 | 354.9 | Initiate with buy | Juan Jarrah | TD Securities | 2.25 | 36.4% |
| Atlatsa Resources Corp | TSX | ATL | 0.24 | 130.3 | Downgrade to sector underperform from sector perform | Leon Esterhuizen | CIBC World Markets | 0.25 | 6.4% |
| North American Palladium Ltd | TSX | PDL | 0.16 | 61.6 | Downgrade to sector underperform from sector perform | Leon Esterhuizen | CIBC World Markets | 0.20 | 25.0% |
BMO Capital Markets upgraded Metro Inc (TSX: MRU), engaged in the business of distributing food and pharmaceutical products, to market perform from underperform raising its price target to C$90.00 from $69.00, indicating a downside of 0.6% from current levels
Coverage on Pacific Rubiales Energy Corp (TSX: PRE), engaged in the exploration, development and production of heavy crude oil, light, medium oil and gas in Colombia, was initiated with a sell rating at Deutsche Bank, assigning a 12-month price target of C$10.60, indicating a downside potential of 24.3% from current levels.
TD Securities initiated coverage on Chinook Energy Inc (TSX: CKE), engaged in the exploration and production of oil and gas, with a buy rating assigning a 12-month price target of C$2.25, indicating an upside of 36.4% from current levels.
Atlatsa Resources Corp (TSX: ATL), engaged in acquiring, exploring and developing mineral properties, was downgraded by CIBC World Markets to underperform from sector perform by reducing its price target to C$0.25 from C$0.50, implying an upside potential of 6.4% from current levels.
CIBC World Markets downgraded North American Palladium Ltd (TSX: PDL), engaged in the exploration and production of minerals, to underperform from sector perform by reducing its price target to C$0.20 from C$0.60 indicating an upside of 25.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| DSW Inc | NYSE | DSW | 32.07 | 2,858.1 | Upgrade to Positive from neutral | Christopher Svezia | Susquehanna Financial Group | 38.00 | 18.5% |
| TrueCar Inc | NASDAQ | TRUE | 17.58 | 1,356.2 | Upgrade to outperform from sector perform | Mark S Mahaney | RBC Capital Markets | 23.00 | 30.8% |
| Argo Group International Holdings Ltd | NASDAQ | AGII | 54.15 | 1,390.9 | Upgrade to outperform from market perform | Brett Shirreffs | Keefe, Bruyette & Woods | 64.00 | 18.2% |
| Cognex Corp | NASDAQ | CGNX | 39.70 | 3,455.7 | Initiate with buy | Robert Burleson | Canaccord Genuity Corp | 50.00 | 25.9% |
| Denbury Resources Inc | NYSE | DNR | 9.69 | 3,416.3 | Downgrade to hold from buy | Jason A Wangler | Wunderlich Securities | 11.00 | 13.5% |
Susquehanna Financial Group upgraded DSW Inc (NYSE: DSW), engaged in offering a wide selection of brand name and designer dress, casual and athletic footwear for women and men, to positive from neutral raising its price target to $38.00 from $29.00, indicating an upside of 18.5% from current levels.
TrueCar Inc (NASDAQ: TRUE), engaged in developing and publishing an online automotive information and communication platform, was upgraded by RBC Capital Markets to outperform from sector perform raising its price target to $23.00 from $18.00, indicating an upside potential of 30.8% from current levels.
Keefe, Bruyette & Woods upgraded Argo Group International Holdings Ltd (NASDAQ: AGII), engaged in offering property casualty insurance and reinsurance, to outperform from market perform raising its price target to $64.00 from $60.00, indicating an upside of 18.2% from current levels.
Canaccord Genuity Corp initiated coverage on Cognex Corp (NASDAQ: CGNX), engaged in designing, developing, manufacturing and marketing machine vision systems, with a buy rating assigning a 12-month price target of $50.00, indicating an upside of 25.9% from current levels.
Denbury Resources Inc (NYSE: DNR), engaged in acquiring, developing, operating and exploring oil and gas properties, was downgraded by Wunderlich Securities to hold from buy by reducing its price target to $11.00 from $22.00, implying an upside potential of 13.5% from current levels.
