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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Timmins Gold Corp | TSX | TMM | 1.45 | 237.2 | Upgrade to buy from sell | Stuart McDougall | Jennings Capital | 1.75 | 20.7% |
| Theratechnologies Inc | TSX | TH | 0.46 | 28.1 | Upgrade to speculative buy from hold | Douglas W Loe | Euro Pacific Canada Inc | 1.00 | 117.4% |
| CWC Energy Services Corp | TSXV | CWC | 0.76 | 205.6 | Upgrade to outperform from sector perform | Jason Sawatzky | Alta Corp Capital Inc. | 1.00 | 31.6% |
| Slate Retail REIT | TSX | SRT-U | 11.15 | 171.7 | Initiate with sector perform | Dean M Wilkinson | CIBC World Markets | 12.25 | 9.9% |
| Park Lawn Corp | TSXV | PLC | 11.75 | 65.6 | Initiate with outperform | Frederic Tremblay | National Bank Financial | 15.00 | 27.7% |
Jennings Capital upgraded Timmins Gold Corp (TSX: TMM), engaged in the exploration, mine development and extraction of precious metals, primarily gold, to buy from sell with a price target of C$1.75, indicating an upside of 20.7% from current levels.
Theratechnologies Inc (TSX: TH), engaged in the discovery and development of therapeutic products in the field of endocrinology and metabolism, was upgraded by Euro Pacific Canada Inc to speculative buy from hold raising its price target to C$1.00 from C$0.55, indicating an upside potential of 117.4% from current levels.
Alta Corp Capital Inc. upgraded CWC Energy Services Corp (TSXV: CWC), engaged in the business of providing production services to oil and gas exploration and development companies, to outperform from sector perform with a price target of C$1.00, indicating an upside of 31.6% from current levels.
CIBC World Markets initiated coverage on Slate Retail REIT (TSX: SRT-U), engaged in holding a diversified portfolio of strong-performing grocery-anchored retail properties in strategic markets across the U.S., with a sector perform rating assigning a 12-month price target of C$12.25, indicating an upside potential of 9.9% from current levels.
Coverage on Park Lawn Corp (TSXV: PLC), engaged in providing goods and services associated with the disposition and memorialization of human remains, was initiated with an outperform rating at National Bank Financial, assigning a 12-month price target of C$15.00, indicating an upside potential of 27.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Allison Transmission Holdings Inc | NYSE | ALSN | 28.80 | 5,088.5 | Upgrade to outperform from neutral | Jamie Cook | Credit Suisse | 35.00 | 21.5% |
| CBS Outdoor Americas Inc | NYSE | CBSO | 29.98 | 3,597.6 | Upgrade to outperform from market perform | James C Goss | Barrington Research | 38.00 | 26.8% |
| Align Technology Inc | NASDAQ | ALGN | 47.59 | 3,844.9 | Upgrade to buy from neutral | Robert P Jones | Goldman Sachs | 59.00 | 24.0% |
| Herbalife Ltd | NYSE | HLF | 47.11 | 4,323.9 | Initiate with buy | Timothy Ramey | Pivotal Research Group LLC | 110.00 | 133.5% |
| Westar Energy Inc | NYSE | WR | 36.19 | 4,693.5 | Downgrade to neutral from buy | Julien Dumoulin-Smith | UBS | 38.00 | 5.0% |
Credit Suisse upgraded Allison Transmission Holdings Inc (NYSE: ALSN), engaged in designing and manufacturing commercial and military fully-automatic transmissions, to outperform from neutral with a price target of $35.00, indicating an upside of 21.5% from current levels.
CBS Outdoor Americas Inc (NYSE: CBSO), one of the largest lessors of advertising space on out-of-home advertising structures and sites across the U.S., Canada and Latin America, was upgraded by Barrington Research to outperform from market perform with a price target of $38.00, indicating an upside potential of 26.8% from current levels.
Goldman Sachs upgraded Align Technology Inc (NASDAQ: ALGN), engaged in designing, manufacturing and marketing a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics, and dental records storage, to buy from neutral with a price target of $59.00, indicating an upside of 24.0% from current levels.
Pivotal Research Group LLC initiated coverage on Herbalife Ltd (NYSE: HLF), engaged in the business of selling weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products as well as personal care products, with a buy rating assigning a 12-month price target of $110.00, indicating an upside potential of 133.5% from current levels.
Westar Energy Inc, (NYSE: WR) engaged in providing electric generation, transmission and distribution services, was downgraded by UBS to neutral from buy by reducing its price target to $38.00 from $39.00, implying an upside potential of 5.0% from current levels.
