| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Lake Shore Gold Corp | TSX | LSG | 0.58 | 9 | Upgrade to sector perform from sector underperform | Cosmos Chiu | CIBC World Markets | 0.65 | 12.1% |
| Canfor Pulp Products Inc | TSX | CFX | 10.84 | 8 | Upgrade to outperform from sector perform | Paul Quinn | RBC Capital Markets | 13.00 | 19.9% |
| HudBay Minerals Inc | TSX | HBM | 8.61 | 18 | Upgrade to buy from hold | Gary Lampard | Canaccord Genuity Corp | 12.00 | 39.4% |
| Trilogy Energy Corp | TSX | TET | 27.25 | 16 | Upgrade to outperform from market perform | Gordon Tait | BMO Capital Markets | 33.00 | 21.1% |
| 5N Plus Inc | TSX | VNP | 2.61 | 6 | Initiate with buy | Luisa Moreno | Euro Pacific Canada Inc | 3.00 | 14.9% |
CIBC World Markets upgraded Lake Shore Gold Corp (TSX: LSG), a gold mining company, to sector perform from sector underperform increasing its price target to C$0.65 from the earlier target of C$0.45, indicating an upside potential of 12.1% from current levels.
RBC Capital Markets upgraded Canfor Pulp Products Inc (TSX: CFX), engaged in investing in pulp and paper producing assets, to outperform from sector perform raising its price target to C$13.00 from the earlier target of C$11.00, indicating an upside of 19.9% from current levels.
Canaccord Genuity Corp upgraded HudBay Minerals Inc (TSX: HBM), an integrated mining company to buy from hold increasing its price target to C$12.00 from C$9.00, indicating an upside of 39.4% from current levels.
Trilogy Energy Corp (TSX: TET), a petroleum and natural gas focused Canadian energy company, was upgraded to outperform from market perform at BMO Capital Markets increasing its price target to C$33.00 from C$32.00, indicating an upside of 21.1% from current levels.
Euro Pacific Canada Inc initiated coverage on 5N Plus Inc (TSX: VNP), a producer of specialty metal and chemical products used in pharmaceutical, electronic and industrial applications, with a buy rating assigning a 12-month price target of C$3.00, indicating an upside of 14.9% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Patterson-UTI Energy Inc | NASDAQ | PTEN | 25.03 | 27 | Upgrade to outperform from sector perform | Kurt Hallead | RBC Capital Markets | 29.00 | 15.9% |
| Splunk Inc | NASDAQ | SPLK | 75.39 | 26 | Upgrade to buy from neutral | Brent Thill | UBS | 80.00 | 6.1% |
| Covance Inc | NYSE | CVD | 91.09 | 21 | Upgrade to buy from hold | David H Windley | Jefferies | 105.00 | 15.3% |
| Mallinckrodt PLC | NYSE | MNK | 52.16 | 14 | Initiate with overweight | David Amsellem | Piper Jaffray | 64.00 | 22.7% |
| Green Plains Renewable Energy Inc | NASDAQ | GPRE | 18.99 | 9 | Downgrade to equalweight from overweight | Farha Aslam | Stephens Inc | 19.00 | 0.1% |
RBC Capital Markets upgraded Patterson-UTI Energy Inc (NASDAQ: PTEN), an owner and operator of fleets of land-based drilling rigs, to outperform from sector perform increasing its price target to $29.00 from the earlier target of $25.00, indicating an upside of 15.9% from current levels.
Splunk Inc (NASDAQ: SPLK), a provider of software platform, was upgraded to buy from neutral at UBS raising its price target to $80.00 from the earlier target of $64.00, indicating an upside of 6.1% from current levels.
Jefferies upgraded Covance Inc (NYSE: CVD), a drug development services company providing a range of early-stage and late-stage product development services, to buy from hold increasing its price target to $105.00 from $88.50, indicating an upside of 15.3% from current levels.
Piper Jaffray initiated coverage on Mallinckrodt PLC (NYSE: MNK), a global specialty pharmaceuticals company, with an overweight rating assigning a 12-month price target of $64.00, indicating an upside of 22.7% from current levels.
Stephens Inc downgraded Green Plains Renewable Energy Inc (NASDAQ: GPRE), a vertically integrated producer, marketer and distributor of ethanol, to equal-weight from overweight with a price target of $19.00, indicating an upside of 0.1% from current levels.
