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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Migao Corp | TSX | MGO | 0.99 | 52.0 | Upgrade to hold from underweight | Timothy Stanish | EVA Dimensions | NA | NA |
| Kicking Horse Energy Inc | TSXV | KCK | 3.14 | 69.0 | Intiate with outperform | Shailender Randhawa | RBC Capital Markets | 6.00 | 91% |
| Alacer Gold Corp | TSX | ASR | 2.33 | 676.7 | Downgrade to sector perform from outperform | Stephen Parsons | National Bank Financial | 2.90 | 24% |
EVA Dimensions upgraded Migao Corp (TSX: MGO), engaged in the business of manufacturing potash based fertilizers in China, to hold from underweight. The rating company has not provided its target price for the company’s stock.
Coverage on Kicking Horse Energy Inc (TSXV: KCK), engaged in the exploration and development of oil and gas, was initiated with an outperform rating at RBC Capital Markets, assigning a 12-month price target of C$6.00, indicating an upside potential of 91.0% from current levels.
National Bank Financial downgraded Alacer Gold Corp (TSX: ASR), engaged in the business of exploring gold, to sector perform from outperform with a price target of C$2.90, indicating an upside of 24.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| GrubHub Inc | NYSE | GRUB | 36.32 | 2,960.99 | Upgrade to outperform from market perform | Jeffrey L Houston | Barrington Research | 43.00 | 18.4% |
| Misonix Inc | NASDAQ | MSON | 12.37 | 94.46 | Upgrade to buy from neutral | Joseph Munda | Sidoti & Company LLC | 16.00 | 29.3% |
| QLogic Corp | NASDAQ | QLGC | 13.32 | 1,174.08 | Initiate with buy | Mark Kelleher | D.A. Davidson & Co | 17.00 | 27.6% |
| Par Petroleum Corp | NYSE | PARR | 16.25 | 598.01 | Initiate with buy | Adam Michael | Miller Tabak + Co., LLC | 23.00 | 41.5% |
| Perion Network Ltd | NASDAQ | PERI | 4.4 | 304.21 | Downgrade to neutral from buy | Jay Srivatsa | Chardan Capital Markets | 5.00 | 13.6% |
Barrington Research upgraded GrubHub Inc (NYSE: GRUB), engaged in operating an online and mobile platform for restaurant pick-up and delivery orders, to outperform from market perform with a price target of $43.00, indicating an upside potential of 18.4% from current levels.
Misonix Inc (NASDAQ: MSON), engaged in designing, manufacturing, developing and marketing minimally invasive ultrasonic surgical device products, was upgraded by Sidoti & Company LLC to buy from neutral by raising its price target to $16.00 from $13.00, indicating an upside of 29.3% from current levels.
D.A. Davidson & Co initiated coverage on QLogic Corp (NASDAQ: QLGC), engaged in designing and supplying network infrastructure products that provide, enhance and manage computer data communication, with a buy rating assigning a 12-month price target of $17.00, indicating an upside of 27.6% from current levels.
Coverage on Par Petroleum Corp (NYSE: PARR), engaged in operating three segments that include an integrated refining, distribution and marketing business in Hawaii, non-operated interests in natural gas and oil assets and a commodity marketing and logistics business focused on moving Canadian crude oil to refining hubs in the U.S, was initiated with a buy rating at Miller Tabak + Co., LLC, assigning a 12-month price target of $23.00, indicating an upside potential of 41.5% from current levels.
Perion Network Ltd (NASDAQ: PERI), engaged in the digital media business by providing a variety of products and services to consumers which include, an e-mail product, photo sharing products and etc, was downgraded by Chardan Capital Markets to neutral from buy by reducing its price target to $5.00 from $13.00, indicating an upside of 13.6% from current levels.
