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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Lydian International Ltd | TSX | LYD | 0.62 | 94.3 | Upgrade to speculative buy from market perform | Mike Kozak | Cormark Securities Inc. | 1.05 | 69.4% |
| Balmoral Resources Ltd | TSX | BAR | 1.21 | 124.6 | Upgrade to speculative buy from market perform | Tyron Breytenbach | Cormark Securities Inc. | 1.60 | 32.2% |
| Northstar Healthcare Inc | TSX | NHC | 1.77 | 92.7 | Initiate with buy | Sheila Broughton | PI Financial Corp. | 4.00 | 126.0% |
| Parallel Energy Trust | TSX | PLT-U | 1.84 | 99.2 | Downgrade to sector underperform from sector perform | Patrick Bryden | Scotia Capital | 2.50 | 35.9% |
| Stuart Olson Inc | TSX | SOX | 7.21 | 180.3 | Downgrade to neutral from buy | Maxim Sytchev | Dundee Securities Corp | 8.50 | 17.9% |
Cormark Securities Inc. upgraded Lydian International Ltd (TSX: LYD), engaged in the exploration and development of gold, to speculative buy from market perform with a price target of C$1.05, indicating an upside of 69.4% from current levels.
Balmoral Resources Ltd (TSX: BAR), engaged in the acquisition, exploration and development of mineral properties, was upgraded by Cormark Securities Inc. to speculative buy from market perform by raising its price target to C$1.60 from C$1.40, indicating an upside potential of 32.2% from current levels.
Coverage on Northstar Healthcare Inc (TSX: NHC), engaged in the business of owning and operating ambulatory surgery centers, was initiated with a buy rating at PI Financial Corp., assigning a 12-month price target of C$4.00, indicating an upside potential of 126.0% from current levels.
Parallel Energy Trust (TSX: PLT-U), engaged in the acquisition and development of conventional oil and natural gas reserves, was downgraded by Scotia Capital to sector underperform from sector perform by reducing its price target to C$2.50 from C$3.25, implying an upside potential of 35.9% from current levels.
Dundee Securities Corp downgraded Stuart Olson Inc (TSX: SOX), engaged in providing building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to public and private sector clients, to neutral from buy by reducing its price target to C$8.50 from C$14.00, indicating an upside of 17.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| FormFactor Inc | NASDAQ | FORM | 8.15 | 459.8 | Upgrade to hold from underweight | Andrew S Zamfotis | EVA Dimensions | NA | NA |
| Imprivata Inc | NYSE | IMPR | 14.75 | 350.5 | Initiate with sell | Timothy Stanish | EVA Dimensions | NA | NA |
| YY Inc | NASDAQ | YY | 80.00 | 4,526.5 | Initiate with outperform | Ronnie Ho | CCB International Securities Ltd | 92.00 | 15.0% |
| Hoegh LNG Partners LP | NYSE | HMLP | 20.23 | 532.3 | Downgrade to sell from buy | Neil Fonseca | EVA Dimensions | NA | NA |
EVA Dimensions upgraded FormFactor Inc (NASDAQ: FORM), engaged in designing, developing and manufacturing advanced semiconductor wafer probe cards, to hold from underweight. The rating company has not provided its target price for the company’s stock.
EVA Dimensions initiated coverage on Imprivata Inc (NYSE: IMPR), engaged in providing authentication and access management technology solutions for the healthcare industry, with a sell rating. The rating company has not provided its target price for the company’s stock.
Coverage on YY Inc (NASDAQ: YY), engaged in communication social platform business that engages users in real-time online group activities through voice, text and video, was initiated with an outperform rating at CCB International Securities Ltd, assigning a 12-month price target of $92.00, indicating an upside potential of 15.0% from current levels.
Hoegh LNG Partners LP (NYSE: HMLP), engaged in providing floating liquefied natural gas services, was downgraded by EVA Dimensions to sell from buy. The rating company has not provided its target price for the company’s stock.
