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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| SilverCrest Mines Inc | TSX | SVL | 1.58 | 187.6 | Upgrade to buy from hold | Benjamin Asuncion | Haywood Securities Inc. | 2.00 | 26.6% |
| Innergex Renewable Energy Inc | TSX | INE | 10.27 | 1,030.8 | Upgrade to outperform from sector perform | Rupert M Merer | National Bank Financial | 12.50 | 21.7% |
| TransAlta Renewables Inc | TSX | RNW | 11.95 | 1,370.3 | Upgrade to outperform from sector perform | Nelson Ng | RBC Capital Markets | 14.00 | 17.2% |
| Virginia Mines Inc | TSX | VGQ | 11.73 | 395.9 | Initiate with sector perform | Shane Nagle | National Bank Financial | 13.00 | 10.8% |
| Ur-Energy Inc | TSX | URE | 0.94 | 121.5 | Downgrade to hold from buy | Colin Healey | Haywood Securities Inc. | 1.70 | 80.9% |
Haywood Securities Inc. upgraded SilverCrest Mines Inc (TSX: SVL), engaged in the acquisition, exploration and development of mineral properties in Mexico and Central America, to buy from hold with a price target of C$2.00, indicating an upside of 26.6% from current levels.
Innergex Renewable Energy Inc (TSX: INE), engaged in developing and operating renewable power generating facilities, was upgraded by National Bank Financial to outperform from sector perform raising its price target to C$12.50 from C$11.25, indicating an upside potential of 21.7% from current levels.
RBC Capital Markets upgraded TransAlta Renewables Inc (TSX: RNW), engaged in generating and marketing electricity and renewable power, to outperform from sector perform raising its price target to C$14.00 from C$12.00, indicating an upside of 17.2% from current levels..
Coverage on Virginia Mines Inc (TSX: VGQ), engaged in the business of acquiring and exploring mining properties, was initiated with a sector perform rating at National Bank Financial, assigning a 12-month price target of C$13.00, indicating an upside potential of 10.8% from current levels.
Haywood Securities Inc. downgraded Ur-Energy Inc (TSX: URE), engaged in the business of exploring uranium, to hold from buy with a price target of C$1.70, indicating an upside of 80.9% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| TECO Energy Inc | NYSE | TE | 19.21 | 4,483.8 | Upgrade to buy from hold | Gary F Hovis | Argus Research Corp | 22.00 | 14.5% |
| Brandywine Realty Trust | NYSE | BDN | 15.07 | 2,696.6 | Upgrade to buy from hold | John W Guinee | Stifel | 17.00 | 12.8% |
| Infinera Corp | NASDAQ | INFN | 13.89 | 1,717.8 | Upgrade to buy from hold | Brian Coyne | National Alliance Capital Markets | 13.00 | -6.4% |
| Macquarie Infrastructure Co LLC | NYSE | MIC | 67.29 | 4,710.4 | Initiate with sector perform | Tj Schultz | RBC Capital Markets | 72.00 | 7.0% |
| Union Bankshares Corp | NASDAQ | UBSH | 21.64 | 987.5 | Downgrade to neutral from outperform | Bryce W Rowe | Robert W. Baird & Co | 25.00 | 15.5% |
Argus Research Corp upgraded TECO Energy Inc (NYSE: TE), a diversified, energy-related utility holding company, to buy from hold with a price target of $22.00, indicating an upside of 14.5% from current levels.
Brandywine Realty Trust (NYSE: BDN), engaged in the ownership, management, leasing, acquisition, and development of primarily suburban office properties, was upgraded by Stifel to buy from hold with a price target of $17.00, indicating an upside potential of 12.8% from current levels.
National Alliance Capital Markets upgraded Infinera Corp (NASDAQ: INFN), engaged in manufacturing digital optical telecommunications equipment, to buy from hold raising its price target to $13.00 from $10.00, indicating a downside of 6.4% from current levels.
RBC Capital Markets initiated coverage on Macquarie Infrastructure Co LLC (NYSE: MIC), engaged in owning, operating and investing in infrastructure businesses in the U.S., with a sector perform rating assigning a 12-month price target of $72.00, indicating an upside potential of 7.0% from current levels.
Union Bankshares Corp (NASDAQ: UBSH) engaged in offering a wide range of banking and related financial services, was downgraded by Robert W. Baird & Co to neutral from outperform by reducing its price target to $25.00 from $30.00, implying an upside potential of 15.5% from current levels.
