| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Novadaq Technologies Inc | TSX | NDQ | 15.37 | 14 | Upgrade to outperform from sector perform | Douglas Miehm | RBC Capital Markets | 19.60 | 27.5% |
| Canyon Services Group Inc | TSX | FRC | 16.43 | 14 | Upgrade to sector outperform from sector perform | Vladislav C Vlad | Scotia Capital | 20.00 | 21.7% |
| Lightstream Resources Ltd | TSX | LTS | 7.47 | 18 | Upgrade to buy from hold | Travis Wood | TD Securities | 9.00 | 20.5% |
| Choice Properties REIT | TSX | CHP-U | 10.70 | 10 | upgrade to outperform from sector perform | Michael Smith | RBC Capital Markets | 11.00 | 2.8% |
| Essential Energy Services Ltd | TSX | ESN | 2.76 | 10 | Downgrade to hold from buy | John Bereznicki | Canaccord Genuity Corp | 3.25 | 17.8% |
RBC Capital Markets upgraded Novadaq Technologies Inc (TSX: NDQ), engaged in developing and commercializing medical imaging and therapeutic devices for use in the operating room, to outperform from sector perform with a price target of C$19.60, indicating an upside of 27.5% from current levels.
Canyon Services Group Inc (TSX: FRC), a provider of specialized stimulation services to exploring for and producing (E&P) Companies operating in the Western Canadian Sedimentary Basin, was upgraded to sector outperform from sector perform at Scotia Capital increasing its price target to C$20.00 from C$16.00, indicating an upside of 21.7% from current levels.
TD Securities upgraded Lightstream Resources Ltd (TSX: LTS), a light oil-focused exploration and production company in Canada, to buy from hold increasing its price target to C$9.00 from C$7.50, indicating an upside of 20.5% from current levels.
RBC Capital Markets upgraded Choice Properties REIT (TSX: CHP-U), a Canada-based open-ended real estate investment trust (REIT), to outperform from sector perform with a price target of C$11.00, indicating an upside of 2.8% from current levels.
Canaccord Genuity Corp downgraded Essential Energy Services Ltd (TSX: ESN), a provider of essential oilfield services to oil and gas wells in Canada, to hold from buy lowering its price target to C$3.25 from C$3.75, indicating an upside of 17.8% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| JC Penney Co Inc | NYSE | JCP | 8.72 | 29 | Upgrade to neutral from sell | Michael Binetti | UBS | 9.00 | 3.2% |
| Legacy Reserves LP | NASDAQ | LGCY | 26.55 | 13 | Upgrade to outperform from neutral | Ethan H Bellamy | Robert W. Baird & Co | 30.00 | 13.0% |
| SolarCity Corp | NASDAQ | SCTY | 47.71 | 10 | Upgrade to overweight from neutral | Paul T Coster | JPMorgan | 72.00 | 50.9% |
| CBS Outdoor Americas Inc | NYSE | CBSO | 29.71 | 9 | Initiate with buy/attractive | Drew Borst | Goldman Sachs | 34.00 | 14.4% |
| GNC Holdings Inc | NYSE | GNC | 37.75 | 15 | Downgrade to hold from buy | Karen Short | Deutsche Bank | 40.00 | 6.0% |
UBS upgraded JC Penney Co Inc (NYSE: JCP), a provider of merchandise and services to consumers through department stores, catalog departments, and the Internet, to neutral from sell increasing its price target to $9.00 from the earlier target of $4.00, indicating an upside of 3.2% from current levels. Analyst Michael Binetti foresees less risk to the company’s first half same store sales and gross margins. Further, analyst believes that during the second half of the year, the stock will again be tested to see whether it is able to bring traffic back into stores and that year over year comparisons will normalize.
Legacy Reserves LP (NASDAQ: LGCY), an independent oil and natural gas limited partnership focused on the acquisition and development of oil and natural gas properties, was upgraded to outperform from neutral at Robert W. Baird & Co with a price target of $30.00, indicating an upside of 13% from current levels.
JPMorgan upgraded SolarCity Corp (NASDAQ: SCTY), engaged in the design, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers, to overweight from neutral with a price target of $72.00, indicating an upside of 50.9% from current levels.
Goldman Sachs initiated coverage on CBS Outdoor Americas Inc (NYSE: CBO), a lessors of advertising space (displays) on out-of-home advertising structures and sites across the United States, Canada and Latin America, with a buy/attractive rating assigning a 12-month price target of $34.00, indicating an upside of 14.4% from current levels.
Deutsche Bank downgraded GNC Holdings Inc (NYSE: GNC), a global specialty retailer of health and wellness products, to hold from buy lowering its price target to $40.00 from the earlier target of $55.00, indicating an upside of 6% from current levels.
