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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| BlackBerry Ltd | TSX | BB | 12.43 | 6,567.7 | Upgrade to buy from hold | Scott Penner | TD Securities | 15.13 | 21.7% |
| Elkwater Resources Ltd | TSXV | ELW | 0.15 | 43.0 | Initiate with buy | Chad Ellison | Dundee Securities Corp | 0.22 | 51.7% |
| Romarco Minerals Inc | TSX | R | 0.45 | 326.4 | Initiate with outperform | David Sadowski | Raymond James | 0.80 | 77.8% |
| Enghouse Systems Ltd | TSX | ESL | 40.72 | 1,065.4 | Downgrade to hold from buy | Scott Penner | TD Securities | 45.00 | 10.5% |
TD Securities upgraded BlackBerry Ltd (TSX: BB), engaged in designing, manufacturing and marketing wireless solutions for the worldwide mobile communications market, to hold from hold, with a price target of C$15.13, indicating an upside potential of 21.7% from current levels.
Dundee Securities Corp initiated coverage on Elkwater Resources Ltd (TSXV: ELW), engaged in the business of acquiring, exploring and developing oil and gas properties, with a buy rating assigning a 12-month price target of C$0.22, indicating an upside of 51.7% from current levels.
Coverage on Romarco Minerals Inc (TSX: R), engaged in producing gold, was initiated with an outperform rating at Raymond James, assigning a 12-month price target of C$0.80, indicating an upside potential of 77.8% from current levels.
TD Securities downgraded Enghouse Systems Ltd (TSX: ESL), engaged in developing software products for automated mapping, facilities management and geographic information systems, to hold from buy with a price target of C$45.00, indicating an upside of 10.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Avista Corp | NYSE | AVA | 34.95 | 2,175.27 | Upgrade to neutral from sell | Julien Dumoulin-Smith | UBS | 34.00 | -2.7% |
| DCT Industrial Trust Inc | NYSE | DCT | 35.39 | 3,116.71 | Upgrade to buy from hold | John W Guinee | Stifel | 38.00 | 7.4% |
| Key Energy Services Inc | NYSE | KEG | 2.03 | 311.55 | Upgrade to outperform from sector perform | Trey Stolz | Iberia Capital Partners LLC | 3.50 | 72.4% |
| Brown Shoe Co Inc | NYSE | BWS | 30.24 | 1,323.32 | Initiate with hold | Edward Plank | Jefferies | 32.00 | 5.8% |
| Finish Line Inc/The | NASDAQ | FINL | 22.62 | 1,081.74 | Downgrade to neutral from buy | Eric B Tracy | Janney Montgomery Scott LLC | 25.00 | 10.5% |
UBS upgraded Avista Corp (NYSE: AVA), engaged in the generation, transmission and distribution of energy, to neutral from sell by raising its price target to $34.00 from $30.00, indicating a downside of 2.7% from current levels.
DCT Industrial Trust Inc (NYSE: DCT), engaged in owning, acquiring, developing and managing bulk distribution and light industrial properties located in the U.S., was upgraded by Stifel to buy from hold with a price target of $38.00, indicating an upside of 7.4% from current levels.
Iberia Capital Partners LLC upgraded Key Energy Services Inc (NYSE: KEG), engaged in providing onshore, rig-based well services, including well maintenance, workover, completion, re-completion, plugging and abandonment, to outperform from sector perform with a price target of $3.50, indicating an upside of 72.4% from current levels.
Jefferies initiated coverage on Brown Shoe Co Inc (NYSE: BWS), engaged in footwear retailing business, with a hold rating assigning a 12-month price target of $32.00, indicating an upside of 5.8% from current levels.
Finish Line Inc/The (NASDAQ: FINL), engaged in the business of retailing men’s, women’s and children’s brand name athletic, leisure footwear, activewear, and accessories, was downgraded by Janney Montgomery Scott LLC to neutral from buy by reducing its price target to $25.00 from $32.00, indicating an upside of 10.5% from current levels.
