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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Goldrock Mines Corp | TSXV | GRM | 0.29 | 26.1 | Upgrade to buy from hold | Michael Curran | Beacon Securities Ltd | 0.95 | 227.6% |
| Sierra Wireless Inc | TSX | SW | 40.28 | 1,283.7 | Upgrade to buy from sell | Naser Iqbal | Salman Partners | 53.29 | 32.3% |
| CRH Medical Corp | TSX | CRH | 2.66 | 161.7 | Initiate with buy | Douglas S Cooper | Beacon Securities Ltd | 4.50 | 69.2% |
| CAE Inc | TSX | CAE | 15.19 | 4,046.3 | Downgrade to hold from buy | Benoit Poirier | Desjardins Securities | 16.00 | 5.3% |
Beacon Securities Ltd upgraded Goldrock Mines Corp (TSXV: GRM), engaged in the exploration and development of minerals, to buy from hold by raising its price target to C$0.95 from C$0.50, indicating an upside potential of 227.6% from current levels.
Sierra Wireless Inc (TSX: SW), engaged in the business of providing wireless data communications equipments, was upgraded by Salman Partners to buy from sell by increasing its price target to C$53.29 from $32.34, indicating an upside potential of 32.3% from current levels.
Coverage on CRH Medical Corp (TSX: CRH), engaged in the distribution of innovative medical products directly to physicians, was initiated with a buy rating at Beacon Securities Ltd by assigning a 12-month price target of C$4.50, indicating an upside potential of 69.2% from current levels.
Desjardins Securities downgraded CAE Inc (TSX: CAE), engaged in providing simulation and modeling technologies and integrated training services for civil aviation and defense customers worldwide, to hold from buy with a price target of C$16.00, indicating an upside of 5.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Callon Petroleum Co | NYSE | CPE | 7.13 | 393.76 | Upgrade to accumulate from neutral | Andrew Smith | Global Hunter Securities | 8.50 | 19.2% |
| AMC Entertainment Holdings Inc | NYSE | AMC | 29.98 | 2,919.64 | Upgrade to buy from neutral | Eric Wold | B Riley & Co | 35.00 | 16.7% |
| Forward Air Corp | NASDAQ | FWRD | 50.71 | 1,544.12 | Upgrade to buy from hold | Kevin W Sterling | BB&T Capital Markets | 60.00 | 18.3% |
| Stifel Financial Corp | NYSE | SF | 50.19 | 3,313.07 | Initiate with buy | Christopher J Allen | Evercore ISI | 56.00 | 11.6% |
| Abercrombie & Fitch Co | NYSE | ANF | 24.11 | 1,671.69 | Downgrade to sell from hold | Eric M Beder | Wunderlich Securities | 17.00 | -29.5% |
Global Hunter Securities upgraded Callon Petroleum Co (NYSE: CPE), engaged in the acquisition, development and exploration of oil and gas properties, to accumulate from neutral by raising its price target to $8.50 from $5.00, indicating an upside potential of 19.2% from current levels.
AMC Entertainment Holdings Inc (NYSE: AMC), engaged in providing theatrical exhibition services, was upgraded by B Riley & Co to buy from neutral by raising its price target to $35.00 from $28.00, indicating an upside potential of 16.7% from current levels.
BB&T Capital Markets upgraded Forward Air Corp (NASDAQ: FWRD), engaged in providing surface transportation and related logistics services to the North American expedited ground freight market, to buy from hold with a price target of $60.00, indicating an upside potential of 18.3% from current levels.
Evercore ISI initiated coverage on Stifel Financial Corp (NYSE: SF), engaged in providing wealth management, investment banking, independent research, trading, investment advisory and related financial services, with a buy rating assigning a 12-month price target of $56.00, indicating an upside of 11.6% from current levels.
Abercrombie & Fitch Co (NYSE: ANF), engaged in business of retailing an array of products, which include casual sportswear apparel, knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, sweaters and etc, was downgraded by Wunderlich Securities to sell from hold by reducing its price target to $17.00 from $30.00, indicating a downside of 29.5% from current levels.
