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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Castle Mountain Mining Co Ltd | TSXV | CMM | 0.50 | 35.9 | Upgrade to outperform from neutral | Ron Stewart | Macquarie | 0.70 | 40.0% |
| Turquoise Hill Resources Ltd | TSX | TRQ | 3.54 | 7,123.5 | Upgrade to speculative buy from hold | Craig Hutchison | TD Securities | 4.50 | 27.1% |
| Axia NetMedia Corp | TSX | AXX | 3.17 | 199.7 | Initiate with buy | Brian D Pow | Acumen Capital Finance | 4.20 | 32.5% |
| Hydrogenics Corp | TSX | HYG | 16.67 | 168.2 | Initiate with buy | Carter Driscoll | MLV & Co | 22.98 | 37.9% |
| Alacer Gold Corp | TSX | ASR | 2.77 | 804.4 | Downgrade to sector perform from outperform | Stephen Parsons | National Bank Financial | 2.90 | 4.7% |
Macquarie upgraded Castle Mountain Mining Co Ltd (TSXV: CMM), engaged in the engages in drilling, exploration, management, and production of gold mining properties in the State of California, to outperform from neutral by raising its price target to C$0.70 from C$0.40, indicating an upside potential of 40.0% from current levels.
Turquoise Hill Resources Ltd (TSX: TRQ), engaged in the exploration and development of mineral and metal properties in Asia and Australia, was upgraded by TD Securities to speculative buy from hold by raising its price target to C$4.50 from C$4.25, indicating an upside of 27.1% from current levels.
Coverage on Axia NetMedia Corp (TSX: AXX), engaged in providing broadband internet protocol services and solutions, was initiated with a buy rating at Acumen Capital Finance by assigning a 12-month price target of C$4.20, indicating an upside potential of 32.5% from current levels.
MLV & Co initiated coverage on Hydrogenics Corp (TSX: HYG), engaged in designing, developing and manufacturing hydrogen generation, storage, and fuel cell systems, with a buy rating assigning a 12-month price target of C$22.98, indicating an upside of 37.9% from current levels.
National Bank Financial downgraded Alacer Gold Corp (TSX: ASR), engaged in the exploration of gold, to sector perform from outperform with a price target of C$2.90, indicating an upside of 4.7% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Avery Dennison Corp | NYSE | AVY | 53.6 | 4,883.02 | Upgrade to overweight from equalweight | Scott L Gaffner | Barclays | 62.00 | 15.7% |
| Carrizo Oil & Gas Inc | NASDAQ | CRZO | 43.24 | 1,993.21 | Upgrade to buy from hold | Chris Stevens | KeyBanc Capital Markets | 57.00 | 31.8% |
| Medicines Co/The | NASDAQ | MDCO | 24.7 | 1,615.88 | Upgrade to outperform from market perform | Joseph P Schwartz | Leerink Partners LLC | 31.00 | 25.5% |
| RPC Inc | NYSE | RES | 11.24 | 2,457.09 | Initiate with buy | David Wishnow | GMP | 15.00 | 33.5% |
| Taylor Morrison Home Corp | NYSE | TMHC | 16.06 | 1,967.52 | Downgrade to neutral from outperform | Michael Dahl | Credit Suisse | 18.00 | 12.1% |
Barclays upgraded Avery Dennison Corp (NYSE: AVY), engaged in developing, manufacturing and marketing pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products, to overweight from equal weight by raising its price target to $62.00 from $52.00, indicating an upside potential of 15.7% from current levels.
Carrizo Oil & Gas Inc (NASDAQ: CRZO), engaged in the exploration, development and production of oil and gas in the U.S and U.K, was upgraded by KeyBanc Capital Markets to buy from hold with a price target of $57.00, indicating an upside potential of 31.8% from current levels.
Leerink Partners LLC upgraded Medicines Co/The (NASDAQ: MDCO), engaged in the development of products that improve specialized care, to outperform from market perform by raising its price target to $31.00 from $24.00, indicating an upside potential of 25.5% from current levels.
GMP initiated coverage on RPC Inc (NYSE: RES), engaged in the business of providing specialized oilfield services and equipment to independent and major oilfield companies, with a buy rating assigning a 12-month price target of $15.00, indicating an upside of 33.5% from current levels.
Taylor Morrison Home Corp (NYSE: THMC), engaged in the business of building homes for single-families, was downgraded by Credit Suisse to neutral from outperform by reducing its price target to $18.00 from $24.00, indicating an upside of 12.1% from current levels.
