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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Kootenay Silver Inc | TSXV | KTN | 0.39 | 27.3 | Upgrade to buy from neutral | Philip Ker | PI Financial Corp. | 0.50 | 28.2% |
| Chesswood Group Ltd | TSX | CHW | 12.50 | 130.1 | Upgrade to buy from market perform | Jeff Fenwick | Cormark Securities Inc. | 16.00 | 28.0% |
| InnVest Real Estate Investment Trust | TSX | INN-U | 5.13 | 595.6 | Upgrade to outperform from sector perform | Neil Downey | RBC Capital Markets | 6.50 | 26.7% |
| Dollarama Inc | TSX | DOL | 53.81 | 7,095.3 | Downgrade to hold from buy | Neil Linsdell | Industrial Alliance Securities | 54.50 | 1.3% |
PI Financial Corp. upgraded Kootenay Silver Inc (TSXV: KTN), engaged in the business of acquiring and exploring mineral properties principally located in North America, to buy from neutral by raising its price target to C$0.50 from C$0.30, indicating an upside of 28.2% from current levels.
Chesswood Group Ltd (TSX: CHW), engaged in the business of lease financing, where it leases vehicles and business equipment, was upgraded by Cormark Securities Inc. to buy from market perform with a price target of C$16.00, indicating an upside potential of 28.0% from current levels.
RBC Capital Markets upgraded InnVest Real Estate Investment Trust (TSX: INN-U), engaged in the primary business of owning hotel real estate, to outperform from sector perform by raising its price target to C$6.50 from C$6.00, indicating an upside of 26.7% from current levels.
Dollarama Inc (TSX: DOL), engaged in providing general merchandise through discount retail stores, was downgraded by Industrial Alliance Securities to hold from buy with a price target of C$54.50, implying an upside potential of 1.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Infoblox Inc | NYSE | BLOX | 17.95 | 1,000.2 | Upgrade to overweight from equalweight | Jonathan B Ruykhaver | Stephens Inc | 21.00 | 17.0% |
| Resource Capital Corp | NYSE | RSO | 5.24 | 692.0 | Upgrade to market outperform from market perform | Steven C Delaney | JMP Securities | 6.50 | 24.0% |
| Town Sports International Holdings Inc | NASDAQ | CLUB | 6.68 | 162.3 | Initiate with in-line | John O’Neil | Imperial Capital LLC | 7.00 | 4.8% |
| Contango Oil & Gas Co | NYSE | MCF | 37.25 | 721.7 | Initiate with buy | Anas Bennisse | Sidoti & Company LLC | 49.00 | 31.5% |
| Copa Holdings SA | NYSE | CPA | 108.91 | 4,831.1 | Downgrade to neutral from overweight | Fernando Abdalla | JPMorgan | 120.00 | 10.2% |
Stephens Inc upgraded Infoblox Inc (NYSE: BLOX), engaged in manufacturing a device that allows users to create and manage dynamic computer networks, to overweight from equal weight by raising its price target to $21.00 from $18.00, indicating an upside of 17.0% from current levels.
Resource Capital Corp (NYSE: RSO), engaged in the business of making investments in a combination of commercial real estate debt and other real estate-related assets, to a lesser extent and higher-yielding commercial finance assets, was upgraded by JMP Securities to market outperform from market perform with a price target of $6.50, indicating an upside potential of 24.0% from current levels.
Imperial Capital LLC initiated coverage on Town Sports International Holdings Inc (NASDAQ: CLUB), engaged in owning and operating fitness clubs in the Northeast and Mid-Atlantic regions of the U.S., with an in-line rating assigning a 12-month price target of $7.00, indicating an upside of 4.8% from current levels.
Coverage on Contango Oil & Gas Co (NYSE: MCF), engaged in the business of exploring, developing, producing and acquiring natural gas and oil properties, was initiated with a buy rating at Sidoti & Company LLC, assigning a 12-month price target of $49.00, indicating an upside potential of 31.5% from current levels.
Copa Holdings SA (NYSE: CPA), engaged in the business of providing international airline passenger and cargo services, was downgraded by JPMorgan to neutral from overweight by reducing its price target to $120.00 from $138.00, implying an upside potential of 10.2% from current levels.
