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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Wesdome Gold Mines Ltd | TSX | WDO | 0.69 | 76.7 | Upgrade to hold from sell | Barry D Allan | Mackie Research Capital Corp. | 0.60 | -13.0% |
| Canexus Corp | TSX | CUS | 3.97 | 727.3 | Upgrade to buy from reduce | Damir Gunja | TD Securities | 4.50 | 13.4% |
| Rio Alto Mining Ltd | TSX | RIO | 2.71 | 895.7 | Upgrade to outperform from market perform | Brian Quast | BMO Capital Markets | 3.50 | 29.2% |
| Arsenal Energy Inc | TSX | AEI | 8.35 | 141.3 | Initiate with buy | Ian W Macqueen | Paradigm Capital Inc | 13.25 | 58.7% |
| Canaccord Genuity Group Inc | TSX | CF | 9.63 | 983.5 | Downgrade to sector perform from outperform | Geoffrey Kwan | RBC Capital Markets | 11.00 | 14.2% |
Mackie Research Capital Corp. upgraded Wesdome Gold Mines Ltd (TSX: WDO), engaged in mining and exploration of gold, to hold from sell raising its price target to C$0.60 from C$0.50, indicating a downside of 13.0% from current levels.
Canexus Corp (TSX: CUS), engaged in manufacturing a wide range of chemical products, was upgraded by TD Securities to buy from reduce raising its price target to C$4.50 from C$4.00, indicating an upside potential of 13.4% from current levels.
BMO Capital Markets upgraded Rio Alto Mining Ltd (TSX: RIO), engaged in the business of exploring minerals, to outperform from market perform raising its price target to C$3.50 from C$3.25, indicating an upside of 29.2% from current levels.
Coverage on Arsenal Energy Inc (TSX: AEI), engaged in exploration, development and production of oil and gas, was initiated with a buy rating at Paradigm Capital Inc, assigning a 12-month price target of C$13.25, indicating an upside potential of 58.7% from current levels.
RBC Capital Markets downgraded Canaccord Genuity Group Inc (TSX: CF), engaged in providing financial services including investment products, brokerage services, and investment banking services to retail, institutional and corporate clients, to sector perform from outperform by reducing its price target to C$11.00 from C$15.00, indicating an upside of 14.2% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| NCR Corp | NYSE | NCR | 26.39 | 4,436.2 | Upgrade to neutral from sell | Siva Krishna Prasad Borra | Goldman Sachs | 26.00 | -1.5% |
| Reliance Steel & Aluminum Co | NYSE | RS | 65.10 | 5,075.7 | Upgrade to buy from hold | Luke A Folta | Jefferies | 77.00 | 18.3% |
| Carpenter Technology Corp | NYSE | CRS | 48.49 | 2,579.8 | Upgrade to overweight from neutral | Michael F Gambardella | JPMorgan | 60.00 | 23.7% |
| Sprouts Farmers Market Inc | NASDAQ | SFM | 28.95 | 4,355.7 | Initiate with buy | Charles E Cerankosky | Northcoast Research | 40.00 | 38.2% |
| Patterson-UTI Energy Inc | NASDAQ | PTEN | 24.45 | 3,573.0 | Downgrade to neutral from buy | Waqar Syed | Goldman Sachs | 26.00 | 6.3% |
Goldman Sachs upgraded NCR Corp (NYSE: NCR), engaged in manufacturing financial transaction machines and other products, to neutral from sell raising its price target to $26.00 from $25.00, indicating a downside of 1.5% from current levels.
Reliance Steel & Aluminum Co (NYSE: RS), engaged distributing and processing steel and aluminum, was upgraded by Jefferies to buy from hold with a price target of $77.00, indicating an upside potential of 18.3% from current levels.
JPMorgan upgraded Carpenter Technology Corp (NYSE: CRS), engaged in the business of manufacturing, fabrication and distribution of specialty metals, to overweight from neutral with a price target of $60.00, indicating an upside of 23.7% from current levels.
Northcoast Research initiated coverage on Sprouts Farmers Market Inc (NASDAQ: SFM), engaged in the business of retailing natural and organic food focusing on health and wellness, with a buy rating assigning a 12-month price target of $40.00, indicating an upside potential of 38.2% from current levels.
Patterson-UTI Energy Inc (NASDAQ: PTEN) engaged in owning and operating fleets of land-based drilling rigs in the U.S., was downgraded by Goldman Sachs to neutral from buy by reducing its price target to $26.00 from $43.00, implying an upside potential of 6.3% from current levels.
