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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| GASFRAC Energy Services Inc | TSX | GFS | 0.26 | 16.2 | Upgrade to hold from reduce | Scott Treadwell | TD Securities | 0.35 | 37.3% |
| Alarmforce Industries Inc | TSX | AF | 11.09 | 129.8 | Upgrade to speculative buy from hold | Brian D Pow | Acumen Capital Finance | 12.40 | 11.8% |
| Pacific Rubiales Energy Corp | TSX | PRE | 7.48 | 2,364.4 | Upgrade to hold from reduce | Jamie Somerville | TD Securities | 7.50 | 0.3% |
| Carmanah Technologies Corp | TSX | CMH | 2.89 | 49.1 | Initiate with buy | Macmurray Whale | Cormark Securities Inc. | 4.00 | 38.4% |
| Black Diamond Group Ltd | TSX | BDI | 14.20 | 610.3 | Downgrade to market perform from outperform | Andrew Bradford | Raymond James | 18.00 | 26.8% |
TD Securities upgraded GASFRAC Energy Services Inc (TSX: GFS), engaged in the business of offering oilfield services, to hold from reduce, with a price target of C$0.35, indicating an upside potential of 37.3% from current levels.
Alarmforce Industries Inc (TSX: AF), engaged in manufacturing two-way voice burglar alarms, was upgraded by Acumen Capital Finance, to speculative buy from hold by increasing its price target to C$12.40 from C$12.10, indicating an upside potential of 11.8% from current levels.
TD Securities upgraded Pacific Rubiales Energy Corp (TSX: PRE), engaged in the exploration, development and production of heavy crude oil, light and medium oil and gas in Colombia, to hold from reduce, with a price target of C$7.50, indicating an upside potential of 0.3% from current levels.
Coverage on Carmanah Technologies Corp (TSX: CMH), engaged in the business of developing and manufacturing solar-powered LED lights, was initiated with a buy rating at Cormark Securities Inc., assigning a 12-month price target of C$4.00, indicating an upside potential of 38.4% from current levels.
Raymond James downgraded Black Diamond Group Ltd (TSXV: BDI), engaged in renting modular structures for use as workforce accommodations and temporary work space, to market perform from outperform by reducing its price target to C$18.00 from C$20.00, indicating an upside of 26.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| 58.com Inc | NYSE | WUBA | 42.12 | 3,698.27 | Upgrade to buy from hold | Ashley Sheng | SWS Research Co Ltd | 54.00 | 28.2% |
| BioDelivery Sciences International Inc | NASDAQ | BDSI | 13.82 | 708.77 | Upgrade to buy from neutral | Scott R Henry | Roth Capital Partners | 18.00 | 30.2% |
| NewStar Financial Inc | NASDAQ | NEWS | 12.14 | 578.06 | Upgrade to buy from neutral | NewStar Financial Inc | Sidoti & Company LLC | 16.00 | 31.8% |
| AMC Networks Inc | NASDAQ | AMCX | 62.53 | 4,509.02 | Initiate with outperform | Andy Hargreaves | Pacific Crest Securities | 75.00 | 19.9% |
| ImmunoGen Inc | NASDAQ | IMGN | 6.11 | 525.07 | Downgrade to hold from buy | Thomas Wei | Jefferies | 7.00 | 14.6% |
SWS Research Co Ltd upgraded 58.com Inc (NYSE: WUBA), engaged in the business of serving local merchants and consumers in China through its website www.58.com and mobile applications to share information and conduct business, to buy from hold by raising its price target to $54.00 from $40.00, indicating an upside potential of 28.2% from current levels.
BioDelivery Sciences International Inc (NASDAQ: BDSI), engaged in developing and commercializing drug delivery technology, was upgraded by Roth Capital Partners to buy from neutral with a price target of $18.00, indicating an upside of 30.2% from current levels.
Sidoti & Company LLC upgraded NewStar Financial Inc (NASDAQ: NEWS), engaged in the business of offering offers flexible debt capital solutions to mid-sized corporations, real estate borrowers, securities issuers and asset aggregators, to buy from neutral by raising its price target to $16.00 from $13.00, indicating an upside of 31.8% from current levels.
Pacific Crest Securities initiated coverage on AMC Networks Inc (NASDAQ: AMCX), engaged in the business of creating and managing a variety of cable channels, with an outperform rating assigning a 12-month price target of $75.00, indicating an upside of 19.9% from current levels.
ImmunoGen Inc (NASDAQ: IMGN), engaged in developing targeted, antibody-based therapeutics for the treatment of cancer, was downgraded by Jefferies to hold from buy by reducing its price target to $7.00 from $20.00, indicating an upside of 14.6% from current levels.
