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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Journey Energy Inc | TSX | JOY | 7.74 | 333.4 | Upgrade to outperform from market perform | Katrina L Karkkainen | FirstEnergy Capital Corp | 8.00 | 3.4% |
| Crew Energy Inc | TSX | CR | 7.14 | 880.1 | Upgrade to outperform from market perform | Robert J Fitzmartyn | FirstEnergy Capital Corp | 8.50 | 19.0% |
| Wellgreen Platinum Ltd | TSXV | WG | 0.50 | 46.9 | Initiate with buy | Matt O’Keefe | Dundee Securities Corp | 1.20 | 140.0% |
| Mosaic Capital Corp | TSXV | M | 13.00 | 106.2 | Initiate with buy | Otto Cheung | GMP | 17.00 | 30.8% |
| Horizon North Logistics Inc | TSX | HNL | 3.31 | 365.1 | Downgrade to sector perform from sector outperform | Vladislav C Vlad | Scotia Capital | 4.50 | 36.0% |
FirstEnergy Capital Corp upgraded Journey Energy Inc (TSX: JOY), engaged in the exploration, development, and production of oil and natural gas in the Western Canada Sedimentary Basin, to outperform from market perform with a price target of C$8.00, indicating an upside of 3.4% from current levels.
Crew Energy Inc (TSX: CR), engaged in the acquisition, exploration and development of oil and natural gas properties, was upgraded by FirstEnergy Capital Corp to outperform from market perform with a price target of C$8.50, indicating an upside potential of 19.0% from current levels.
Dundee Securities Corp initiated coverage on Wellgreen Platinum Ltd (TSXV: WG), engaged in the acquisition and development of platinum palladium group metals (PGM) and nickel sulphide projects, with a buy rating assigning a 12-month price target of C$1.20, indicating an upside of 140.0% from current levels.
Coverage on Mosaic Capital Corp (TSXV: M), engaged in a portfolio of businesses including infrastructure, printing, oil and gas services, technology, and real estate industries, was initiated with a buy rating at GMP, assigning a 12-month price target of C$17.00, indicating an upside potential of 30.8% from current levels.
Scotia Capital downgraded Horizon North Logistics Inc (TSX: HNL), engaged in providing marine transportation, camp catering and logistics services, to sector perform from sector outperform by reducing its price target to C$4.50 from C$6.50, indicating an upside of 36.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| TriQuint Semiconductor Inc | NASDAQ | TQNT | 20.20 | 3,581.4 | Upgrade to buy from hold | T Michael Walkley | Canaccord Genuity Corp | 26.00 | 28.7% |
| Newfield Exploration Co | NYSE | NFX | 32.58 | 4,470.9 | Upgrade to buy from hold | John Herrlin | Societe Generale | 39.00 | 19.7% |
| Cliffs Natural Resources Inc | NYSE | CLF | 10.22 | 1,565.5 | Upgrade to outperform from neutral | Aldo J Mazzaferro Jr | Macquarie | 18.00 | 76.1% |
| Timken Co/The | NYSE | TKR | 41.67 | 3,782.6 | Initiate with buy | Samuel H Eisner | Goldman Sachs | 51.00 | 22.4% |
| Aspen Technology Inc | NASDAQ | AZPN | 36.31 | 3,285.0 | Downgrade to hold from buy | Richard Davis Jr | Canaccord Genuity Corp | 42.00 | 15.7% |
Canaccord Genuity Corp upgraded TriQuint Semiconductor Inc (NASDAQ: TQNT), engaged in providing a portfolio of radio frequency (RF) solutions, to buy from hold raising its price target to $26.00 from $20.00, indicating an upside of 28.7% from current levels.
Newfield Exploration Co (NYSE: NFX), engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids, was upgraded by Societe Generale to buy from hold raising its price target to $39.00 from $33.50, indicating an upside potential of 19.7% from current levels.
Macquarie upgraded Cliffs Natural Resources Inc (NYSE: CLF), engaged in the business of mining iron ore and coal in locations across North America, South America, and Australia, to outperform from neutral raising its price target to $18.00 from $17.00, indicating an upside of 76.1% from current levels.
Goldman Sachs initiated coverage on Timken Co/The (NYSE: TKR), engaged in developing, manufacturing, marketing and selling products for friction management and mechanical power transmission, with a buy rating assigning a 12-month price target of $51.00, indicating an upside of 22.4% from current levels.
Aspen Technology Inc (NASDAQ: AZPN), engaged in supplying software products and services for the analysis, design and automation of process manufacturing facilities, was downgraded by Canaccord Genuity Corp to hold from buy by reducing its price target to $42.00 from $52.00, implying an upside potential of 15.7% from current levels.
