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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Newalta Corp | TSX | NAL | 21.45 | 1,199.5 | Upgrade to sector outperform from sector perform | Vladislav C Vlad | Scotia Capital | 27.00 | 25.9% |
| Etrion Corp | TSX | ETX | 0.50 | 167.0 | Downgrade to hold from buy | John McLlveen | Jacob Securities Inc | 0.64 | 28.0% |
| Calloway Real Estate Investment Trust | TSX | CWT-U | 26.93 | 3,567.6 | Downgrade to sector perform from outperform | Michael Smith | RBC Capital Markets | 30.00 | 11.4% |
| Long Run Exploration Ltd | TSX | LRE | 2.86 | 553.4 | Downgrade to hold from buy | Anthony Petrucci | Canaccord Genuity Corp | 4.00 | 39.9% |
Scotia Capital upgraded Newalta Corp (TSX: NAL), engaged in the business of recycling and recovering saleable products from industrial wastes through a network of facilities, to sector outperform from sector perform raising its price target to C$27.00 from C$23.00, indicating an upside of 25.9% from current levels.
Jacob Securities Inc downgraded Etrion Corp (TSX: ETX), engaged in owning and operating operational, ground-based solar photovoltaic power plants in Italy, to hold from buy by reducing its price target to C$0.64 from C$0.70, indicating an upside of 28.0% from current levels.
Calloway Real Estate Investment Trust (TSX: CWT-U), engaged in owning and managing shopping centers, was downgraded by RBC Capital Markets to sector perform from outperform with a price target of C$30.00, implying an upside potential of 11.4% from current levels.
Canaccord Genuity Corp downgraded Long Run Exploration Ltd (TSX: LRE), engaged in the exploration and development of oil and natural gas Western Canada, to hold from buy by reducing its price target to C$4.00 from C$7.00, indicating an upside of 39.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| SunEdison Inc | NYSE | SUNE | 18.37 | 4,977.6 | Upgrade to buy from hold | Michael E Gaugler | Brean Capital LLC | 23.00 | 25.2% |
| Kosmos Energy Ltd | NYSE | KOS | 9.44 | 3,652.1 | Upgrade to outperform from sector perform | Al Stanton | RBC Capital Markets | 17.50 | 85.4% |
| Scorpio Tankers Inc | NYSE | STNG | 8.55 | 1,472.4 | Upgrade to buy from neutral | Erik Folkeson | Swedbank | 10.50 | 22.8% |
| Urban Outfitters Inc | NASDAQ | URBN | 31.16 | 4,185.9 | Initiate with buy | Liz Pierce | Brean Capital LLC | 40.00 | 28.4% |
| Cornerstone OnDemand Inc | NASDAQ | CSOD | 27.55 | 1,470.9 | Downgrade to neutral from outperform | Michael B Nemeroff | Credit Suisse | 33.00 | 19.8% |
Brean Capital LLC upgraded SunEdison Inc (NYSE: SUNE), engaged in the business of developing, manufacturing and selling silicon wafers, to buy from hold with a price target of $23.00, indicating an upside of 25.2% from current levels.
Kosmos Energy Ltd (NYSE: KOS), engaged in the exploration and production of oil and gas, was upgraded by RBC Capital Markets to outperform from sector perform raising its price target to $17.50 from $12.00, indicating an upside potential of 85.4% from current levels.
Swedbank upgraded Scorpio Tankers Inc (NYSE: STNG), engaged in providing seaborne transportation of crude oil and other petroleum products worldwide, to buy from neutral raising its price target to $10.50 from $9.00, indicating an upside of 22.8% from current levels.
Brean Capital LLC initiated coverage on Urban Outfitters Inc (NASDAQ: URBN), engaged in the business of retailing fashion apparel, accessories, household and gift merchandise, with a buy rating assigning a 12-month price target of $40.00, indicating an upside of 28.4% from current levels.
Cornerstone OnDemand Inc (NASDAQ: CSOD), engaged in developing and marketing on demand employee development computer software, was downgraded by Credit Suisse to neutral from outperform by reducing its price target to $33.00 from $48.00, implying an upside potential of 19.8% from current levels.
