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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Crew Energy Inc | TSX | CR | 4.94 | 609.7 | Upgrade to outperform from market perform | Robert J Fitzmartyn | FirstEnergy Capital Corp | 7.75 | 56.9% |
| Labrador Iron Ore Royalty Corp | TSX | LIF | 17.97 | 1,150.1 | Upgrade to outperform from market perform | Tony Robson | BMO Capital Markets | 25.00 | 39.1% |
| Boralex Inc | TSX | BLX | 12.78 | 490.8 | Upgrade to outperform from market perform | Benjamin Pham | BMO Capital Markets | 17.00 | 33.0% |
| TransGlobe Energy Corp | TSX | TGL | 3.47 | 261.1 | Initiate with sector perform | David Popowich | CIBC World Markets | 4.50 | 29.7% |
| BSM Technologies Inc | TSXV | GPS | 1.50 | 71.6 | Downgrade to sell from buy | Justin Kew | Cantor Fitzgerald | 1.15 | -23.3% |
FirstEnergy Capital Corp upgraded Crew Energy Inc (TSX: CR), engaged in the exploration, development and production of oil and gas, to outperform from market perform by increasing its price target to C$7.75 from C$6.50, indicating an upside potential of 56.9% from current levels.
Labrador Iron Ore Royalty Corp (TSX: LIF), engaged in holding an overriding royalty on all iron ore products through its subsidiaries, was upgraded by BMO Capital Markets to outperform from market perform with a price target of C$25.00, indicating an upside of 39.1% from current levels.
BMO Capital Markets upgraded Boralex Inc (TSX: BLX), engaged in the development and operation of renewable energy power stations, to outperform from market perform by increasing its price target to C$17.00 from C$14.50, indicating an upside potential of 33.0% from current levels.
CIBC World Markets initiated coverage on TransGlobe Energy Corp (TSX: TGL), engaged in the exploration, development and production of crude oil and natural gas in Egypt and Yemen, with a sector perform rating by assigning a 12-month price target of C$4.50, indicating an upside of 29.7% from current levels.
Cantor Fitzgerald Corp downgraded BSM Technologies Inc (TSXV: GPS), engaged in the business of designing and selling secure and wireless applications to customers in Canada, U.S. and around the world, to sell from buy by reducing its price target to C$1.15 from C$3.00, indicating a downside of 23.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Great Plains Energy Inc | NYSE | GXP | 28.42 | 4,380.21 | Upgrade to buy from neutral | Michael J Lapides | Goldman Sachs | 30.00 | 5.6% |
| NextEra Energy Partners LP | NYSE | NEP | 39.08 | 3,639.53 | Upgrade to buy from neutral | Michael J Lapides | Goldman Sachs | 43.00 | 10.0% |
| MDC Holdings Inc | NYSE | MDC | 28.11 | 1,372.24 | Upgrade to outperform from market perform | Buck Horne | Raymond James | 31.00 | 10.3% |
| HomeAway Inc | NASDAQ | AWAY | 27.02 | 2,548.28 | Initiate with outperform | Rohit Kulkarni | RBC Capital Markets | 35.00 | 29.5% |
| NPS Pharmaceuticals Inc | NASDAQ | NPSP | 45.35 | 4,845.18 | Downgrade to neutral from outperform | David M Nierengarten | Wedbush | 46.00 | 1.4% |
Goldman Sachs upgraded Great Plains Energy Inc (NYSE: GXP), engaged in providing electricity in the Midwest U.S., to buy from neutral by increasing its price target to $30.00 from $26.00, indicating an upside of 5.6% from current levels.
NextEra Energy Partners LP (NYSE: NEP), engaged in the business of operating and acquiring contracted clean energy projects with stable, long-term cash flows through its limited partner interest in NEE Operating LP, was upgraded by Goldman Sachs to buy from neutral by increasing its price target to $43.00 from $36.00, indicating an upside of 10.0% from current levels.
Raymond James upgraded MDC Holdings Inc (NYSE: MDC), engaged in the business of building and selling homes, to outperform from market perform with a price target of $31.00, indicating an upside of 10.3% from current levels.
RBC Capital Markets initiated coverage on HomeAway Inc (NASDAQ: AWAY), an online marketplace for the vacation rental industry, with an outperform rating by assigning a 12-month price target of $35.00, indicating an upside of 29.5% from current levels.
NPS Pharmaceuticals Inc (NASDAQ: NPSP), engaged in the business of delivering therapies that transform the lives of patients with rare diseases, was downgraded by Wedbush to neutral from outperform with a price target of $46.00, indicating an upside of 1.4% from current levels.
