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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Strategic Oil & Gas Ltd | TSXV | SOG | 0.44 | 156.9 | Upgrade to buy from hold | Ken F Lin | Paradigm Capital Inc | 0.55 | 26.4% |
| Granite Real Estate Investment Trust | TSX | GRT-U | 40.85 | 1,920.5 | Upgrade to buy from hold | Michael Markidis | Desjardins Securities | 45.00 | 10.2% |
| Stuart Olson Inc | TSX | SOX | 9.87 | 246.0 | Initiate with outperform | Leon Aghazarian | National Bank Financial | 12.50 | 26.6% |
| Pine Cliff Energy Ltd | TSXV | PNE | 1.85 | 376.5 | Initiate with outperform | Dan Payne | National Bank Financial | 2.25 | 21.6% |
| Hammond Power Solutions Inc | TSX | HPS/A | 8.39 | 95.9 | Downgrade to market perform from buy | Sarah Hughes | Cormark Securities Inc. | 9.00 | 7.3% |
Paradigm Capital Inc upgraded Strategic Oil & Gas Ltd (TSXV: SOG), engaged in the exploration for and development of petroleum and natural gas reserves, to buy from hold increasing its price target to C$0.55 from C$0.50, indicating an upside of 26.4% from current levels.
Granite Real Estate Investment Trust (TSX: GRT-U), a real estate investment trust (REIT) engaged principally in the acquisition, development, construction, leasing, management and ownership of an industrial global rental portfolio of properties, was upgraded to buy from hold at Desjardins Securities increasing its price target to C$45.00 from C$43.00, indicating an upside of 10.2% from current levels.
National Bank Financial initiated coverage on Stuart Olson Inc (TSX: SOX), a provider of building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services and Pine Cliff Energy Ltd (TSXV: PNE), a Canada-based company engaged in the business of oil and natural gas exploration, development and production, with an outperform rating. The rating firm assigned a 12-month price target of C$12.50 to SOX and C$2.25 to PNE indicating an upside potential of 26.6% and 21.6% to each stock respectively.
Cormark Securities Inc. downgraded Hammond Power Solutions Inc (TSX: HSP/A), engaged in manufacturing a range of custom and standard dry-type transformers, and designs and manufactures custom electrical engineered magnetic, to market perform from buy with a price target of C$9.00, indicating an upside of 7.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Basic Energy Services Inc | NYSE | BAS | 25.79 | 1,114.1 | Upgrade to outperform from market perform | J Marshall Adkins | Raymond James | 32.00 | 24.1% |
| Informatica Corp | NASDAQ | INFA | 31.99 | 3,512.2 | Upgrade to buy from neutral | Richard G Sherlund | Nomura | 41.00 | 28.2% |
| QR Energy LP | NYSE | QRE | 20.82 | 1,350.8 | Upgrade to buy from hold | Abhishek Sinha | Wunderlich Securities | 24.50 | 17.7% |
| Cabot Microelectronics Corp | NASDAQ | CCMP | 40.75 | 982.7 | Upgrade to buy from neutral | Jairam Nathan | Sidoti & Company LLC | 50.00 | 22.7% |
| Barnes Group Inc | NYSE | B | 36.54 | 1,986.2 | Downgrade to hold from buy | Amit Mehrotra | Deutsche Bank | 40.00 | 9.5% |
Raymond James upgraded Basic Energy Services Inc (NYSE: BAS), a provider of a range of well site services to oil and natural gas drilling and producing companies, to outperform from market perform with a price target of $32.00, indicating an upside of 24.1% from current levels.
Informatica Corp (NASDAQ: INFA), an independent provider of enterprise data integration and data quality software and services, was upgraded to buy from neutral at Nomura with a price target of $41.00, indicating an upside of 28.2% from current levels.
Wunderlich Securities upgraded QR Energy LP (NYSE: QRE), engaged in the acquisition, exploitation, development and production of oil and natural gas properties, to buy from hold increasing its price target to $24.50 from the earlier target of $18.00, implying an upside potential of 17.7% from current levels.
Sidoti & Company LLC upgraded Cabot Microelectronics Corp (NASDAQ: CCMP), a supplier of polishing slurries and a CMP pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, to buy from neutral with a 12-month price target of $50.00, indicating an upside of 22.7% from current levels.
Deutsche Bank downgraded Barnes Group Inc (NYSE: B), an international aerospace and industrial manufacturer and service provider, serving a range of end markets and customers, to hold from buy lowering its price target to $40.00 from $46.00, indicating an upside of 9.5% from current levels.
