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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| BlackPearl Resources Inc | TSX | PXX | 0.92 | 308.8 | Upgrade to buy from hold | Ken F Lin | Paradigm Capital Inc | 1.25 | 35.9% |
| Kaminak Gold Corp | TSXV | KAM | 1.05 | 128.7 | Initiate with speculative buy | Eric Zaunscherb | Canaccord Genuity Corp | 1.50 | 42.9% |
| Xtreme Drilling & Coil Services Corp | TSX | XDC | 1.65 | 135.8 | Initiate with buy | Jason Zhang | Cormark Securities Inc. | 2.75 | 66.7% |
| Teranga Gold Corp | TSX | TGZ | 0.63 | 222.3 | Downgrade to hold from buy | Filipe Martins | GMP | 0.60 | -4.8% |
Paradigm Capital Inc upgraded BlackPearl Resources Inc (TSX: PXX), engaged in the exploration and development of oil and gas, to buy from hold with a price target of C$1.25, indicating an upside potential of 35.9% from current levels.
Canaccord Genuity Corp initiated coverage on Kaminak Gold Corp (TSXV: KAM), engaged in the exploration of gold, uranium and nickel in British Columbia and Nunavut, with a speculative buy rating assigning a 12-month price target of C$1.50, indicating an upside of 42.9% from current levels.
Coverage on Xtreme Drilling & Coil Services Corp (TSX: XDC), engaged in the business of providing oil drilling services, was initiated with a buy rating at Cormark Securities Inc. by assigning a 12-month price target of C$2.75, indicating an upside potential of 66.7% from current levels.
GMP downgraded Teranga Gold Corp (TSX: TGZ), engaged in the production and sale of gold, to hold from buy with a price target of C$0.60, indicating a downside of 4.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Groupon Inc | NASDAQ | GRPN | 7.16 | 4,806.92 | Upgrade to buy from sell | Edward Woo | Ascendiant Capital Markets | 10.00 | 39.7% |
| SunPower Corp | NASDAQ | SPWR | 24.12 | 3,167.69 | Upgrade to outperform from sector perform | Mahesh Sanganeria | RBC Capital Markets | 36.00 | 49.3% |
| VeriFone Systems Inc | NYSE | PAY | 31.39 | 3,557.89 | Upgrade to Positive from neutral | Meghna Ladha | Susquehanna Financial Group | 38.00 | 21.1% |
| Deluxe Corp | NYSE | DLX | 64.93 | 3,225.19 | Initiate with buy | Joan Tong | Sidoti & Company LLC | 80.00 | 23.2% |
| Triumph Group Inc | NYSE | TGI | 57.06 | 2,897.91 | Downgrade to underperform from outperform | Cai Von Rumohr | Cowen and Company | 46.00 | -19.4% |
Ascendiant Capital Markets upgraded Groupon Inc (NASDAQ: GRPN), engaged in operating a shopping website that shares information on local goods, services, and cultural events for businesses and consumers across the World, to buy from sell by raising its price target to $10.00 from $7.00, indicating an upside potential of 39.7% from current levels.
SunPower Corp (NASDAQ: SPWR), engaged in manufacturing solar electric systems, was upgraded by RBC Capital Markets to outperform from sector perform by raising its price target to $36.00 from $35.00, indicating an upside potential of 49.3% from current levels.
Susquehanna Financial Group upgraded VeriFone Systems Inc (NYSE: PAY), engaged in providing technology that enables electronic payment transactions and value-added services at the point of sale, to positive from neutral with a price target of $38.00, indicating an upside potential of 21.1% from current levels.
Sidoti & Company LLC initiated coverage on Deluxe Corp (NYSE: DLX), engaged in providing a range of product and services for small businesses and financial institutions, with a buy rating assigning a 12-month price target of $80.00, indicating an upside of 23.2% from current levels.
Triumph Group Inc (NYSE: TGI), engaged in designing, engineering, manufacturing, repairing, overhauling and distributing aircraft components, was downgraded by Cowen and Company to underperform from outperform by reducing its price target to $46.00 from $78.00, indicating a downside of 19.4% from current levels.
