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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Carfinco Financial Group Inc | TSX | CFN | 9.58 | 253.6 | Upgrade to buy from market perform | Jeff Fenwick | Cormark Securities Inc. | 11.25 | 17.4% |
| Solium Capital Inc | TSX | SUM | 6.93 | 330.4 | Upgrade to buy from hold | Nick Agostino | Laurentian Bank Securities | 8.50 | 22.7% |
| Centerra Gold Inc | TSX | CG | 6.68 | 1,579.2 | Upgrade to sector outperform from sector perform | Trevor Turnbull | Scotia Capital | 8.00 | 19.8% |
| ShaMaran Petroleum Corp | TSXV | SNM | 0.14 | 211.3 | Initiate with buy | Teodor Sveen Nilsen | Swedbank | 0.27 | 100.0% |
| IAMGOLD Corp | TSX | IMG | 3.50 | 1,319.2 | Downgrade to underweight from overweight | Patrick Chidley | HSBC | 3.72 | 6.3% |
Cormark Securities Inc. upgraded Carfinco Financial Group Inc (TSX: CFN), engaged in the business of providing specialty consumer financing for vehicle purchases, to buy from market perform with a price target of C$11.25, indicating an upside potential of 17.4% from current levels.
Solium Capital Inc (TSX: SUM), engaged in providing SaaS-based stock plan administration technology and services, was upgraded by Laurentian Bank Securities to buy from hold with a price target of C$8.50, indicating an upside potential of 22.7% from current levels.
Scotia Capital upgraded Centerra Gold Inc (TSX: CG), engaged in acquiring, exploring, developing and operating gold properties primarily in Central Asia, to sector outperform from sector perform by raising its price target to C$8.00 from C$7.00, indicating an upside potential of 19.8% from current levels.
Coverage on ShaMaran Petroleum Corp (TSXV: SNM), engaged in the exploration and development of oil, was initiated with a buy rating at Swedbank by assigning a 12-month price target of C$0.27, indicating an upside potential of 100.0% from current levels.
HSBC downgraded IAMGOLD Corp (TSX: IMG), engaged in the exploration and development of gold, to underweight from overweight with a price target of C$3.72, indicating an upside of 6.3% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Ternium SA | NYSE | TX | 16.46 | 3,231.22 | Upgrade to neutral from sell | Marcelo Aguiar | Goldman Sachs | 19.70 | 19.7% |
| Kate Spade & Co | NYSE | KATE | 28.69 | 3,646.83 | Upgrade to buy from neutral | Betty Chen | Mizuho Securities USA Inc | 33.00 | 15.0% |
| Corporate Office Properties Trust | NYSE | OFC | 29.56 | 2,734.94 | Upgrade to outperform from market perform | James W Sullivan | Cowen and Company | 33.00 | 11.6% |
| Rice Energy Inc | NYSE | RICE | 18.35 | 2,500.75 | Initiate with outperform | Robert L Christensen Jr | Imperial Capital LLC | 27.00 | 47.1% |
| DreamWorks Animation SKG Inc | NASDAQ | DWA | 19.67 | 1,676.28 | Downgrade to sell from neutral | Anthony Wible | Janney Montgomery Scott LLC | 18.00 | -8.5% |
Goldman Sachs upgraded Ternium SA (NYSE: TX), engaged in manufacturing and processing a broad range of value-added steel products, to neutral from sell with a price target of $19.70, indicating an upside potential of 19.7% from current levels.
Kate Spade & Co (NYSE: KATE), engaged in designing and marketing branded women’s and men’s apparel, accessories and fragrance products, was upgraded by Mizuho Securities USA Inc to buy from neutral by increasing its price target to $33.00 from $28.00, indicating an upside potential of 15.0% from current levels.
Cowen and Company upgraded Corporate Office Properties Trust (NYSE: OFC), engaged in the acquisition, ownership and operation of suburban office properties located in high-growth submarkets, to outperform from market perform by raising its price target to $33.00 from $28.00, indicating an upside potential of 11.6% from current levels.
Imperial Capital LLC initiated coverage on Rice Energy Inc (NYSE: RICE), engaged in the acquisition, exploration and development of natural gas and oil properties, with an outperform rating assigning a 12-month price target of $27.00, indicating an upside of 47.1% from current levels.
DreamWorks Animation SKG Inc (NASDAQ: DWA), engaged in the business of developing and producing computer generated animated feature films for a broad movie-going audience, was downgraded by Janney Montgomery Scott LLC to sell from neutral by reducing its price target to $18.00 from $27.00, indicating a downside of 8.5% from current levels.
