Aeterna Zentaris Inc. (TSX: AEZ) and Ring Energy Inc. (NYSE: REI) are among a number of stocks that received either an analyst upgrade or downgrade recently, including one with upside potential of more than 155%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| DHX Media Ltd | TSX | DHX/B | 9.46 | 1,131.6 | Upgrade to market perform from reduce | David McFadgen | Cormark Securities Inc. | 9.00 | -4.9% |
| Aeterna Zentaris Inc | TSX | AEZ | 0.88 | 57.6 | Upgrade to speculative buy from hold | Douglas W Loe | Euro Pacific Canada Inc | 1.75 | 98.9% |
| Mediagrif Interactive Technologies Inc | TSX | MDF | 17.85 | 282.1 | Initiate with buy | AMR Ezzat | Euro Pacific Canada Inc | 21.50 | 20.4% |
| Alacer Gold Corp | TSX | ASR | 2.28 | 662.1 | Initiate with buy | Oliver Turner | GMP | 3.40 | 49.1% |
| Finning International Inc | TSX | FTT | 24.26 | 4,181.7 | Downgrade to sector perform from outperform | Sara O’Brien | RBC Capital Markets | 27.00 | 11.3% |
Cormark Securities Inc. upgraded DHX Media Ltd (TSX: DHX/B), engaged in the business of producing television programming and movies, to market perform from reduce by raising its price target to C$9.00 from C$8.20, indicating a downside of 4.9% from current levels.
Aeterna Zentaris Inc (TSX: AEZ), engaged in developing novel treatments in oncology and endocrinology, was upgraded by Euro Pacific Canada Inc to speculative buy from hold with a price target of C$1.75, indicating an upside potential of 98.9% from current levels.
Euro Pacific Canada Inc initiated coverage on Mediagrif Interactive Technologies Inc (TSX: MDF), engaged in developing and operating business to business e-commerce marketplaces, with a buy rating assigning a 12-month price target of C$21.50, indicating an upside of 20.4% from current levels.
Coverage on Alacer Gold Corp (TSX: ASR), engaged in the exploration of gold, was initiated with a buy rating at GMP, assigning a 12-month price target of C$3.40, indicating an upside potential of 49.1% from current levels.
Finning International Inc (TSX: FTT), engaged in the business of selling, financing and servicing Caterpillar and complementary equipment, was downgraded by RBC Capital Markets to sector perform from outperform by reducing its price target to C$27.00 from C$33.00, implying an upside potential of 11.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| SVB Financial Group | NASDAQ | SIVB | 104.35 | 5,306.1 | Upgrade to buy from hold | Casey Haire | Jefferies | 125.00 | 19.8% |
| Mellanox Technologies Ltd | NASDAQ | MLNX | 44.03 | 1,992.0 | Upgrade to overweight from equalweight | Joseph Wolf | Barclays | 57.00 | 29.5% |
| Evolving Systems Inc | NASDAQ | EVOL | 10.05 | 117.2 | Upgrade to buy from neutral | Michael Crawford | B Riley & Co | 12.50 | 24.4% |
| Ring Energy Inc | NYSE | REI | 8.99 | 231.3 | Intiate with buy | John M White | Roth Capital Partners | 23.00 | 155.8% |
| Cubic Corp | NYSE | CUB | 53.94 | 1,448.8 | Downgrade to neutral from overweight | Paul T Coster | JPMorgan | 52.00 | -3.6% |
Jefferies upgraded SVB Financial Group (NASDAQ: SIVB), engaged in the commercial banking business by serving emerging growth and middle-market growth companies in targeted niches, to buy from hold with a price target of $125.00, indicating an upside of 19.8% from current levels.
Mellanox Technologies Ltd (NASDAQ: MLNX), engaged in designing and developing semiconductor-based, high-performance interconnect products, was upgraded by Barclays to overweight from equal weight by raising its price target to $57.00 from $50.00, indicating an upside potential of 29.5% from current levels.
B Riley & Co upgraded Evolving Systems Inc (NASDAQ: EVOL), engaged in providing software solutions and services to the wireless, wire line and cable markets, to buy from neutral by raising its price target to $12.50 from $11.00, indicating an upside of 24.4% from current levels.
Roth Capital Partners initiated coverage on Ring Energy Inc (NYSE: REI), engaged in the exploration, development and acquisition of oil and natural gas properties, with a buy rating assigning a 12-month price target of $23.00, indicating an upside of 155.8% from current levels.
Cubic Corp (NYSE: CUB), engaged in providing instrumented air and ground combat training systems, battle command training, and simulation support for military forces, was downgraded by JPMorgan to neutral from overweight with a price target of $52.00, implying a downside potential of 3.6% from current levels.
