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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Morguard Real Estate Investment Trust | TSX | MRT-U | 18.51 | 1,150.5 | Initiate with hold | Jonathan Kelcher | TD Securities | 19.50 | 5.3% |
| Metro Inc | TSX | MRU | 88.18 | 7,472.7 | Downgrade to underperform from neutral | David Hartley | Credit Suisse | 75.00 | -14.9% |
Coverage on Morguard Real Estate Investment Trust (TSX: MRT-U), engaged in the business of holding a portfolio of retail, office and mixed-use properties in Canada, was initiated with a hold rating at TD Securities, assigning a 12-month price target of C$19.50, indicating an upside potential of 5.3% from current levels.
Credit Suisse downgraded Metro Inc (TSX: MRU), engaged in the business of distributing food and pharmaceutical products, to underperform from neutral with a price target of C$75.00, indicating a downside of 14.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| JetBlue Airways Corp | NASDAQ | JBLU | 13.44 | 3,921.9 | Upgrade to neutral from underperform | Julie Yates | Credit Suisse | 15.00 | 11.6% |
| Rayonier Inc | NYSE | RYN | 26.86 | 3,403.9 | Upgrade to outperform from sector perform | Paul Quinn | RBC Capital Markets | 30.00 | 11.7% |
| Primerica Inc | NYSE | PRI | 51.65 | 2,744.7 | Upgrade to buy from neutral | Mark D Hughes | SunTrust Robinson Humphrey | 62.00 | 20.0% |
| SS&C Technologies Holdings Inc | NASDAQ | SSNC | 49.98 | 4,316.8 | Initiate with buy | Brad A Zelnick | Jefferies | 58.00 | 16.0% |
| Denbury Resources Inc | NYSE | DNR | 9.83 | 3,465.7 | Downgrade to equalweight from overweight | Jeffrey W Robertson | Barclays | 11.00 | 11.9% |
Credit Suisse upgraded JetBlue Airways Corp (NASDAQ: JBLU), engaged in providing nonstop passenger flight service to various destinations in the U.S., to neutral from underperform raising its price target to $15.00 from $12.00, indicating an upside of 11.6% from current levels.
Rayonier Inc (NYSE: RYN), engaged in producing and selling cellulosic fibers, standing timber, real estate and timberland acreage, was upgraded by RBC Capital Markets to outperform from sector perform raising its price target to $30.00 from $28.00, indicating an upside potential of 11.7% from current levels.
SunTrust Robinson Humphrey upgraded Primerica Inc (NYSE: PRI), engaged in distributing financial products to middle income households in North America that include term life insurance, mutual funds, variable annuities and other financial products, to buy from neutral raising its price target to $62.00 from $50.00, indicating an upside of 20.0% from current levels.
Jefferies initiated coverage on SS&C Technologies Holdings Inc (NASDAQ: SSNC), engaged in developing and marketing computer software for financial services providers, with a buy rating assigning a 12-month price target of $58.00, indicating an upside of 16.0% from current levels.
Denbury Resources Inc (NYSE: DNR), engaged in acquiring, developing, operating and exploring oil and gas properties, was downgraded by Barclays to equal weight from overweight by reducing its price target to $11.00 from $15.00, implying an upside potential of 11.9% from current levels.
