| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| PHX Energy Services Corp | TSX | PHX | 13.25 | 11 | Upgrade to outperform from sector perform | Greg Colman | National Bank Financial | 15.50 | 17.0% |
| Wajax Corp | TSX | WJX | 38.31 | 11 | Upgrade to buy from neutral | Jason Zandberg | PI Financial Corp. | 40.00 | 4.4% |
| 5N Plus Inc | TSX | VNP | 4.05 | 6 | Upgrade to buy from market perform | Macmurray Whale | Cormark Securities Inc. | 4.60 | 13.6% |
| First Majestic Silver Corp | TSX | FR | 12.18 | 11 | Downgrade to hold from buy | Daniel Earle | TD Securities | 15.50 | 27.3% |
| Trican Well Service Ltd | TSX | TCW | 13.60 | 18 | Downgrade to hold from buy | Jason Tucker | Paradigm Capital Inc | 15.00 | 10.3% |
National Bank Financial upgraded PHX Energy Services Corp (TSX: PHX), an oil and natural gas services company, to outperform from sector perform, raising the price target to C$15.50 from C$13.00, an upside of 17.0% from current levels.
Wajax Corp (TSX: WJX), engaged in the sale and after-sales parts and service support of equipment, power systems and industrial components was upgraded at PI Financial Corp., to buy from neutral, raising the price target to C$40.00 from C$37.50, an upside of 4.4% from current levels.
Cormark Securities Inc. initiated coverage on 5N Plus Inc (TSX: VNP), a producer of specialty metal and chemical products used in pharmaceutical, electronic and industrial applications, to buy from market perform, raising the price target to C$4.60 from C$3.10, an upside of 13.6% from current levels.
TD Securities downgraded First Majestic Silver Corp (TSX: FR), engaged in acquiring, exploring and developing silver properties and producing silver in Mexico, to hold from buy, maintaining the price target at C$15.50, an upside of 27.3% from current levels. Analyst Earle notes that First Majestic’s forward valuation is no longer all that attractive relative to other silver miners.
Trican Well Service Ltd (TSX: TCW), an oilfield services company providing an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells, was downgraded at Paradigm Capital Inc to hold from buy, reducing the price target to C$15.00 from C$16.00, an upside of 10.3% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| First Solar Inc | NASDAQ | FSLR | 57.19 | 23 | Upgrade to outperform from neutral | Ben Kallo | Robert W. Baird & Co | 67.00 | 17.2% |
| Nordson Corp | NASDAQ | NDSN | 72.44 | 12 | Upgrade to buy from hold | Kevin R Maczka | BB&T Capital Markets | 84.00 | 16.0% |
| KNOT Offshore Partners LP | NYSE | KNOP | 28.70 | 7 | Initiate with outperform | Matthew J Phillips | Clarkson Capital Markets LLC | 34.00 | 18.5% |
| CTS Corp | NYSE | CTS | 20.50 | 3 | Downgrade to neutral from buy | John E Franzreb Iv | Sidoti & Company LLC | 23.00 | 12.2% |
| Globus Medical Inc | NYSE | GMED | 24.20 | 9 | Downgrade to hold from buy | Kathleen Mcgrath | Wallachbeth Capital LLC | 27.00 | 11.6% |
Robert W. Baird & Co upgraded First Solar Inc (NASDAQ: FSLR), a manufacturer and seller of photovoltaic (PV) solar modules with an advanced thin-film semiconductor technology, to outperform from neutral, raising the price target to $67.00 from $62.00, an upside of 17.2% from current levels. Analyst Ben Kallo notes that although sentiment on FSLR has become extremely negative, he views the company as a “best in breed” due to its leadership in building utility scale solar, continued cost/efficiency improvement in technology, and its balance sheet which should provide growth optionality moving forward.
Nordson Corp (NASDAQ: NDSN), a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing, was upgraded at BB&T Capital Markets, to buy from hold with a price target of $84.00, an upside of 16.0% from current levels.
Clarkson Capital Markets LLC initiated coverage on KNOT Offshore Partners LP (NYSE: KNOP), a limited partnership formed to own, operate and acquire shuttle tankers under long-term charters, with outperform assigning a 12-month price target of $34.00, an upside of 18.5% from current levels.
Sidoti & Company LLC downgraded CTS Corp (NYSE: CTS), a global manufacturer of electronic components and sensors and a supplier of electronics manufacturing services, to neutral from buy, maintaining the price target at $23.00, an upside of 12.2% from current levels.
Globus Medical Inc (NYSE: GMED), a medical device company focused on the design, development and commercialization of products that promote healing in patients with spine disorders, was downgraded at Wallachbeth Capital LLC to hold from buy. However, the target price was increased to $27.00 from $23.00, an upside of 11.6% from current levels.
