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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Boyd Group Income Fund | TSX | BYD-U | 40.67 | 607.5 | Upgrade to buy from hold | Robert Gibson | Octagon Capital Corporation | 50.25 | 23.6% |
| High Liner Foods Inc | TSX | HLF | 19.78 | 648.4 | Upgrade to buy from hold | Michael Mills | Beacon Securities Ltd | 24.00 | 21.3% |
| Pure Industrial Real Estate Trust | TSX | AAR-U | 4.40 | 834.6 | Upgrade to outperform from market perform | Ken Avalos | Raymond James | 5.00 | 13.6% |
| Integra Gold Corp | TSXV | ICG | 0.25 | 45.5 | Initiate with buy | Michael Curran | Beacon Securities Ltd | 0.70 | 185.7% |
| MTY Food Group Inc | TSX | MTY | 29.65 | 566.9 | Downgrade to market perform from buy | Marc Robinson | Cormark Securities Inc. | 33.50 | 13.0% |
Octagon Capital Corporation upgraded Boyd Group Income Fund (TSX: BYD-U), engaged in collision repair services to insurance companies, individual vehicle owners, as well as fleet and lease customers, to buy from hold raising its price target to C$50.25 from C$42.25, indicating an upside of 23.6% from current levels.
High Liner Foods Inc (TSX: HLF), engaged in processing and marketing prepared and frozen seafood, was upgraded by Beacon Securities Ltd to buy from hold raising its price target to C$24.00 from C$23.50, indicating an upside potential of 21.3% from current levels.
Raymond James upgraded Pure Industrial Real Estate Trust (TSX: AAR-U), engaged in acquiring, owning and operating a diversified portfolio of income producing industrial properties, to outperform from marketperform with a price target of C$5.00, indicating an upside of 13.6% from current levels.
Beacon Securities Ltd initiated coverage on Integra Gold Corp (TSXV: ICG), engaged in the exploration and development of gold and diamonds, with a buy rating assigning a 12-month price target of C$0.70, indicating an upside potential of 185.7% from current levels.
Cormark Securities Inc. downgraded MTY Food Group Inc (TSX: MTY), engaged in franchising and operating quick-service restaurants across Canada, to market perform from buy by reducing its price target to C$33.50 from C$37.00, indicating an upside of 13.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| TC PipeLines LP | NYSE | TCP | 66.93 | 4,171.6 | Upgrade to neutral from underweight | Jeremy Tonet | JPMorgan | 69.00 | 3.1% |
| Royal Gold Inc | NASDAQ | RGLD | 69.03 | 4,473.9 | Upgrade to overweight from underweight | Patrick Chidley | HSBC | 71.80 | 4.0% |
| Springleaf Holdings Inc | NYSE | LEAF | 32.74 | 3,759.6 | Upgrade to outperform from neutral | Vincent Caintic | Macquarie | 39.00 | 19.1% |
| GrubHub Inc | NYSE | GRUB | 37.11 | 2,971.8 | Intiate with market outperform | Ronald V Josey III | JMP Securities | 48.00 | 29.3% |
| Ryland Group Inc/The | NYSE | RYL | 33.94 | 1,593.2 | Downgrade to underweight from hold | Kenneth R Zener | KeyBanc Capital Markets | 30.00 | -11.6% |
JPMorgan upgraded TC PipeLines LP (NYSE: TCP), engaged in acquiring, owning and participating in the management of energy infrastructure businesses in North America, to neutral from underweight raising its price target to $69.00 from $49.00, indicating an upside of 3.1% from current levels.
Royal Gold Inc (NASDAQ: RGLD), engaged in acquiring and managing precious metals royalties, was upgraded by HSBC to overweight from underweight raising its price target to $71.80 from $71.00, indicating an upside potential of 4.0% from current levels.
Macquarie upgraded Springleaf Holdings Inc (NYSE: LEAF), engaged in providing loan products to customers, to outperform from neutral raising its price target to $39.00 from $33.00, indicating an upside of 19.1% from current levels.
JMP Securities initiated coverage on GrubHub Inc (NYSE: GRUB), engaged in operating an online and mobile platform for restaurant pick-up and delivery orders, with a market outperform rating assigning a 12-month price target of $48.00, indicating an upside potential of 29.3% from current levels.
Ryland Group Inc/The (NYSE: RYL), engaged in the business of homebuilding and mortgage related financing activities, was downgraded by KeyBanc Capital Markets to underweight from hold with a price target of $30.00, implying a downside of 11.6% from current levels.
