| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Transition Therapeutics Inc | TSX | TTH | 5.12 | 3 | Upgrade to sector perform from underperform | Douglas Miehm | RBC Capital Markets | 5.50 | 7.4% |
| Richmont Mines Inc | TSX | RIC | 1.43 | 2 | Upgrade to buy from hold | Adam Melnyk | Desjardins Securities | 2.10 | 46.9% |
| Gear Energy Ltd | TSX | GXE | 5.46 | 9 | Upgrade to buy from hold | Ken F Lin | Paradigm Capital Inc | 6.50 | 19.0% |
| Plaza Retail REIT | TSX | PLZ-U | 4.06 | 5 | Initiate with sector outperform | Brad Sturges | CIBC World Markets | 4.50 | 10.8% |
| Capital Power Corp | TSX | CPX | 24.84 | 11 | Downgrade to market perform from outperform | Benjamin Pham | BMO Capital Markets | 25.50 | 2.7% |
RBC Capital Markets upgraded Transition Therapeutics Inc (TSX: TTH), a product-focused biopharmaceutical company developing novel therapeutics for disease indications with large markets, to sector perform from underperform with a price target of C$5.50, indicating an upside of 7.4% from current levels.
Richmont Mines Inc (TSX: RIC), engaged in activities related to the acquisition, exploration, development and operation of mineral properties, was upgraded to buy from hold at Desjardins Securities increasing its price target to C$2.10 from C$1.85, indicating an upside of 46.9% from current levels. Recently, RIC closed its previously announced bought deal financing worth C$11.6 million including 8.05 million common shares at a price of C$1.45 per share.
Paradigm Capital Inc upgraded Gear Energy Ltd (TSX: GXE), a junior Canadian crude oil and natural gas exploration and production company with a focus on heavy oil, to buy from hold increasing its price target to C$6.50 from C$5.00, indicating an upside of 19% from current levels.
CIBC World Markets initiated coverage on Plaza Retail REIT (TSX: PLZ-U), a real estate investment trust which owns and develops shopping malls and strip plazas throughout Quebec and Atlantic Canada, with a sector outperform rating assigning a 12-month price target of C$4.50, indicating an upside of 10.8% from current levels.
BMO Capital Markets downgraded Capital Power Corp (TSX: CPX), a North American independent power producer, to market perform from outperform lowering its price target to C$25.50 from C$26.50, indicating an upside of 2.7% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Meritage Homes Corp | NYSE | MTH | 38.26 | 16 | Upgrade to neutral from sell | David Goldberg | UBS | 39.00 | 1.9% |
| Sungy Mobile Ltd | NASDAQ | GOMO | 16.60 | 4 | Upgrade to overweight from neutral | Alex Yao | JPMorgan | 32.00 | 92.8% |
| El Paso Electric Co | NYSE | EE | 36.80 | 6 | Upgrade to buy from hold | Paul B Fremont | Jefferies | 41.50 | 12.8% |
| Tarena International Inc | NASDAQ | TEDU | 8.81 | 3 | Initiate with buy/neutral | Fei Fang | Goldman Sachs | 20.00 | 127.0% |
| OncoGenex Pharmaceutical Inc | NASDAQ | OGXI | 3.85 | 8 | Downgrade to sector perform from outperform | Douglas Miehm | RBC Capital Markets | 4.50 | 16.9% |
UBS upgraded Meritage Homes Corp (NYSE: MTH), a designer and builder of single-family detached homes based on the number of home closings, to neutral from sell increasing its price target to $39.00 from the earlier target of $36.00, indicating an upside of 1.9% from current levels.
Sungy Mobile Ltd (NASDAQ: GOMO), a provider of mobile Internet products and services globally with a focus on applications and mobile platform development, was upgraded to overweight from neutral at JPMorgan raising its price target to $32.00 from $17.00, indicating an upside of 92.8% from current levels. Recently, GOMO entered into a strategic partnership with Qihoo 360, a leading Internet company in China, under which Qihoo will use GOMO’s international app distribution platform to introduce a wide range of its mobile security and mobile utility apps.
Jefferies upgraded El Paso Electric Co (NYSE: EE), engaged in the generation, transmission and distribution of electricity, to buy from hold raising its price target to $41.50 from $37.50, indicating an upside of 12.8% from current levels.
Goldman Sachs initiated coverage on Tarena International Inc (NASDAQ: TEDU), a provider of professional education services in China, with a buy/neutral rating assigning a 12-month price target of $20.00, indicating an upside of 127.0% from the current levels.
RBC Capital Markets downgraded OncoGenex Pharmaceutical Inc (NASDAQ: OGXI), a biopharmaceutical company engaged in the development and commercialization of new cancer therapies that address treatment resistance in cancer patients, to sector perform from outperform lowering its price target to $4.50 from $19.00, indicating an upside of 16.9% from current levels.
