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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Canadian Western Bank | TSX | CWB | 31.10 | 2,499.5 | Upgrade to outperform from neutral | Kevin R Choquette | Credit Suisse | 37.00 | 19.0% |
| BlackBerry Ltd | TSX | BB | 11.62 | 6,139.8 | Upgrade to buy from hold | Colin W Gillis | BGC Partners | 14.51 | 24.9% |
| Dorel Industries Inc | TSX | DII/B | 40.17 | 1,299.3 | Initiate with buy | Danielle McCoy | Wunderlich Securities | 52.00 | 29.4% |
| Stantec Inc | TSX | STN | 31.29 | 2,935.7 | Initiate with buy | Michael E Gaugler | Brean Capital LLC | 39.00 | 24.6% |
| Great Prairie Energy Services Inc | TSXV | GPE | 0.17 | 20.1 | Downgrade to neutral from buy | Brian Purdy | PI Financial Corp. | 0.30 | 76.5% |
Credit Suisse upgraded Canadian Western Bank (TSX: CWB), engaged in the banking business by providing commercial loans, energy loans, construction, real estate project financing and industrial equipment financing, to outperform from neutral, with a price target of C$37.00, indicating an upside potential of 19.0% from current levels.
BlackBerry Ltd (TSX: BB), engaged in designing, manufacturing and marketing wireless solutions for the worldwide mobile communications market, was upgraded by BGC Partners, to buy from hold by increasing its price target to C$14.51 from C$12.28, indicating an upside potential of 24.9% from current levels.
Wunderlich Securities initiated coverage on Dorel Industries Inc (TSX: DII/B), engaged in the business of marketing juvenile products/bicycles globally and home furnishings products in North America, with a buy rating assigning a 12-month price target of C$52.00, indicating an upside of 29.4% from current levels.
Coverage on Stantec Inc (TSX: STN), engaged in providing engineering, architecture and related professional services, was initiated with a buy rating at Brean Capital LLC, assigning a 12-month price target of C$39.00, indicating an upside potential of 24.6% from current levels.
PI Financial Corp. downgraded Great Prairie Energy Services Inc (TSXV: GPE), engaged in providing equipment rental, hauling and frac fluid services to the oil and gas industry, to neutral from buy by reducing its price target to C$0.30 from C$0.40, indicating an upside of 76.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Macquarie Infrastructure Co LLC | NYSE | MIC | 66.31 | 4,704.69 | Upgrade to outperform from sector perform | Tj Schultz | RBC Capital Markets | 79.00 | 19.1% |
| HealthSouth Corp | NYSE | HLS | 37.98 | 3,332.86 | Upgrade to outperform from market perform | John W Ransom | Raymond James | 45.00 | 18.5% |
| Big Lots Inc | NYSE | BIG | 39.76 | 2,125.26 | Upgrade to buy from neutral | Jeffery Stein | Northcoast Research | 47.00 | 18.2% |
| Codexis Inc | NASDAQ | CDXS | 2.59 | 102.43 | Initiate with buy | Kevin Degeeter | Ladenburg Thalmann & Co | 2.80 | 8.1% |
| Volcano Corp | NASDAQ | VOLC | 17.84 | 920.61 | Downgrade to neutral from buy | Chris Lewis | Roth Capital Partners | 18.00 | 0.9% |
RBC Capital Markets upgraded Macquarie Infrastructure Co LLC (NYSE: MIC), engaged in owning, operating and investing in infrastructure businesses in the U.S., to outperform from sector perform with a price target of $79.00, indicating an upside potential of 19.1% from current levels.
HealthSouth Corp (NYSE: HLS), engaged in the business of providing inpatient rehabilitative healthcare services, was upgraded by Raymond James to outperform from market perform with a price target of $45.00, indicating an upside of 18.5% from current levels.
Northcoast Research upgraded Big Lots Inc (NYSE: BIG), engaged in the business of retailing consumables, seasonal products, furniture, housewares, toys and gifts, to buy from neutral with a price target of $47.00, indicating an upside of 18.2% from current levels.
Ladenburg Thalmann & Co initiated coverage on Codexis Inc (NASDAQ: CDXS), engaged in the development and production of biocatalyst, with a buy rating assigning a 12-month price target of $2.80, indicating an upside of 8.1% from current levels.
Volcano Corp (NASDAQ: VOLC), engaged in the business of developing, manufacturing and commercializing medical devices, was downgraded by Roth Capital Partners to neutral from buy with a price target of $18.00, indicating an upside of 0.9% from current levels.
