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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Stantec Inc | TSX | STN | 31.70 | 2,974.2 | Upgrade to buy from neutral | Maxim Sytchev | Dundee Securities Corp | 38.00 | 19.9% |
| Hawk Exploration Ltd | Venture | HWK/A CV Equity | 0.20 | 9.3 | Downgrade to hold from buy | Michael Charlton | Industrial Alliance Securities | 0.30 | 50.0% |
| Trillium Therapeutics Inc | Toronto | TR CT Equity | 8.20 | 35.1 | Initiate with buy | David Martin | Bloom Burton & Co | 20.75 | 153.0% |
| Fortuna Silver Mines Inc | Toronto | FVI CT Equity | 5.28 | 671.4 | Upgrade to buy from market perform | Graeme Jennings | Cormark Securities Inc. | 6.25 | 18.4% |
| Black Diamond Group Ltd | Toronto | BDI CT Equity | 14.40 | 618.9 | Downgrade to sector perform from outperform | Dan Macdonald | RBC Capital Markets | 17.00 | 18.1% |
Dundee Securities Corp upgraded Stantec Inc (TSX: STN), engaged in the business of provideing professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors, to buy from neutral, by increasing its price target to C$38.00 from $34.00, indicating an upside potential of 19.9% from current levels.
Hawk Exploration Ltd (TSXV: HWK/A), engaged in the exploration, development and production of crude oil and natural gas in western Canada, was downgraded by Industrial Alliance Securities, to hold from buy by reducing its price target to C$0.30 from C$0.55, indicating an upside potential of 50.0% from current levels.
Bloom Burton & Co initiated coverage on Trillium Therapeutics Inc (TSX: TR), engaged in advancing cancer stem cell discoveries into cancer therapies, with a buy rating assigning a 12-month price target of C$20.75, indicating an upside of 153.0% from current levels.
Cormark Securities Inc.upgraded Fortuna Silver Mines Inc (TSX: FVI), engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing, to buy from market perform, by increasing its price target to C$6.25 from C$5.75, indicating an upside potential of 18.4% from current levels.
RBC Capital Markets. downgraded Black Diamond Group Ltd (TSXV: BDI), engaged in business of renting various types of oilfield equipment, to sector perform from outperform by reducing its price target to C$17.00 from C$24.00, indicating an upside of 18.1% from current levels
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Superior Energy Services Inc | NYSE | SPN | 20.78 | 3,162.11 | Upgrade to outperform from sector perform | Kurt Hallead | RBC Capital Markets | 25.00 | 20.3% |
| Volcano Corp | NASDAQ | VOLC | 17.88 | 922.67 | Downgrade to neutral from buy | Chris Lewis | Roth Capital Partners | 18.00 | 0.7% |
| Williams-Sonoma Inc | NYSE | WSM US Equity | 75.36 | 6,939.84 | Upgrade to Buy/neutral from neutral/neutral | Matthew J Fassler | Goldman Sachs | 81.00 | 7.5% |
| Newfield Exploration Co | NYSE | NFX US Equity | 26.23 | 3,599.53 | Initiate with buy | Subash Chandra | Guggenheim Securities LLC | 30.00 | 14.4% |
| Prospect Capital Corp | NASDAQ GS | PSEC US Equity | 8.63 | 3,042.91 | Downgrade to equalweight from overweight | Mark C Devries | Barclays | 11.00 | 27.5% |
RBC Capital Markets upgraded Superior Energy Services Inc (NYSE: SPN), engaged in providing oilfield services and equipment throughout the life cycle of an oil and gas well, to outperform from sector perform with a price target of $25.00, indicating an upside potential of 20.3% from current levels.
Volcano Corp (NASDAQ: VOLC), engaged in the business of designing, developing, manufacturing and commercializing a range of precision guided therapy tools, including intravascular ultrasound (IVUS), and fractional flow reserve (FFR), products, was downgraded by Roth Capital Partners to neutral from buy with a price target of $18.00, indicating an upside of 0.7% from current levels.
Goldman Sachs upgraded Williams-Sonoma Inc (NYSE: WSM), engaged in the business of a multi-channel specialty retailing of products for the home, to buy/neutral from neutral/neutral by increasing the price target to $81.00 from $77.00, indicating an upside of 7.5% from current levels.
Guggenheim Securities LLC initiated coverage on Newfield Exploration Co (NYSE: NFX), engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids, with a buy rating assigning a 12-month price target of $30.00, indicating an upside of 14.4% from current levels.
Prospect Capital Corp (NASDAQ: PSEC), engaged in the business of lending to and investing in middle market privately-held companies, was downgraded by Barclays to equal weight from overweight reducing the price target to $11.00 from $12.00, indicating an upside of 27.5% from current levels.
