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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Sierra Wireless Inc | TSX | SW | 56.37 | 1,794.2 | Downgrade to market perform from outperform | Michael James Latimore | Northland Securities Inc | 46.97 | -16.7% |
Northland Securities Inc downgraded Sierra Wireless Inc (TSX: SW), engaged in the development of wireless technologies and solutions, to market perform from outperform with a price target of C$46.97, indicating a downside of 16.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Align Technology Inc | NASDAQ | ALGN | 56.2 | 4,512.29 | Upgrade to outperform from neutral | Jeffrey D Johnson | Robert W. Baird & Co | 64.00 | 13.9% |
| La Quinta Holdings Inc | NYSE | LQ | 22.16 | 2,896.81 | Upgrade to buy from neutral | Steven Kent | Goldman Sachs | 25.00 | 12.8% |
| US Concrete Inc | NASDAQ | USCR | 29.73 | 415.62 | Initiate with buy | Todd Vencil | Sterne Agee & Leach | 39.00 | 31.2% |
| Frank’s International NV | NYSE | FI | 16.28 | 2,511.59 | Downgrade to neutral from buy | Angeline M Sedita | UBS | 18.00 | 10.6% |
Robert W. Baird & Co upgraded Align Technology Inc (NASDAQ: ALGN), engaged in designing, manufacturing and marketing the invisalign system, a method for treating the misalignment of teeth, to outperform from neutral by raising its price target to $64.00 from $53.00, indicating an upside potential of 13.9% from current levels.
La Quinta Holdings Inc (NYSE: LQ), engaged in owning, operating and franchising select-service hotels that primarily service the midscale and upper-midscale segments, was upgraded by Goldman Sachs to buy from neutral by raising its price target to $25.00 from $20.50, indicating an upside of 12.8% from current levels.
Sterne Agee & Leach initiated coverage on US Concrete Inc (NASDAQ: USCR), engaged in the business of supplying concrete and related products, with a buy rating assigning a 12-month price target of $39.00, indicating an upside of 31.2% from current levels.
Frank’s International NV (NYSE: FI), engaged in the business of providing highly engineered tubular services to the oil and gas industry, was downgraded by UBS to neutral from buy by reducing its price target to $18.00 from $22.00, indicating an upside of 10.6% from current levels.
