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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Bellatrix Exploration Ltd | TSX | BXE | 2.84 | 545.1 | Initiate with buy | Anthony Petrucci | Canaccord Genuity Corp | 4.00 | 40.8% |
| CAE Inc | TSX | CAE | 15.58 | 4,150.2 | Downgrade to sector perform from outperform | Cameron Doerksen | National Bank Financial | 16.00 | 2.7% |
Coverage on Bellatrix Exploration Ltd (TSX: BXE), engaged in the exploration of oil and natural gas, was initiated with a buy rating at Canaccord Genuity Corp by assigning a 12-month price target of C$4.00, indicating an upside potential of 40.8% from current levels.
National Bank Financial downgraded CAE Inc (TSX: CAE), engaged in providing simulation and modeling technologies and integrated training services for civil aviation and defense customers worldwide, to sector perform from outperform with a price target of C$16.00, indicating an upside of 2.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Atwood Oceanics Inc | NYSE | ATW | 32.18 | 2,079.54 | Upgrade to overweight from equalweight | Matthew Marietta | Stephens Inc | 41.00 | 27.4% |
| First BanCorp/Puerto Rico | NYSE | FBP | 6.3 | 1,341.93 | Upgrade to outperform from market perform | Brian Klock | Keefe, Bruyette & Woods | 7.75 | 23.0% |
| PennantPark Investment Corp | NASDAQ | PNNT | 9.49 | 712.63 | Upgrade to overweight from neutral | Richard Shane Jr | JPMorgan | 10.50 | 10.6% |
| Sunoco LP | NYSE | SUN | 51.52 | 1,812.31 | Initiate with overweight | Andrew R Burd | JPMorgan | 62.00 | 20.3% |
| Apollo Investment Corp | NASDAQ | AINV | 7.45 | 1,763.72 | Downgrade to neutral from overweight | Richard Shane Jr | JPMorgan | 7.50 | 0.7% |
Stephens Inc upgraded Atwood Oceanics Inc (NYSE: ATW), engaged in the business of drilling and completion of exploratory and developmental oil and gas wells, to overweight from equal weight with a price target of $41.00, indicating an upside potential of 27.4% from current levels.
First BanCorp/Puerto Rico (NYSE: FBP), engaged in providing commercial banking services, was upgraded by Keefe, Bruyette & Woods to outperform from market perform by raising its price target to $7.75 from $6.00, indicating an upside potential of 23.0% from current levels.
JPMorgan upgraded PennantPark Investment Corp (NASDAQ: PNNT), engaged in the business of making investments in senior debt, subordinated debt and equity of U.S. middle market companies, to overweight from neutral with a price target of $10.50, indicating an upside potential of 10.6% from current levels.
JPMorgan initiated coverage on Sunoco LP (NYSE: SUN), engaged in purchasing motor fuel primarily from independent refineries and major oil companies and distributes it throughout Texas, Louisiana, New Mexico and Oklahoma, with an overweight rating assigning a 12-month price target of $62.00, indicating an upside of 20.3% from current levels.
Apollo Investment Corp (NASDAQ: AINV), engaged in business of making investments primarily in middle-market companies in the form of mezzanine and senior secured loans, was downgraded by JPMorgan to neutral from overweight by reducing its price target to $7.50 from $9.00, indicating an upside of 0.7% from current levels.
