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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Peyto Exploration & Development Corp | TSX | PEY | 33.55 | 5,156.3 | Upgrade to buy from neutral | Geoff Ready | Dundee Securities Corp | 37.00 | 10.3% |
| Vermilion Energy Inc | TSX | VET | 55.47 | 5,943.7 | Upgrade to buy from neutral | Geoff Ready | Dundee Securities Corp | 66.00 | 19.0% |
| Lundin Gold Inc | TSX | LUG | 4.00 | 404.7 | Initiate with buy | John McClintock | Pareto Securities | 6.55 | 63.8% |
| Enbridge Income Fund Holdings Inc | TSX | ENF | 42.27 | 2,973.7 | Initiate with outperform | Robert Hope | Macquarie | 47.00 | 11.2% |
| Strategic Oil & Gas Ltd | TSXV | SOG | 0.16 | 84.1 | Downgrade to sell from neutral | Chad Ellison | Dundee Securities Corp | 0.10 | -35.5% |
Dundee Securities Corp upgraded Peyto Exploration & Development Corp (TSX: PEY), engaged in the exploration and production of oil and gas, to buy from neutral by raising its price target to C$37.00 from C$35.00, indicating an upside potential of 10.3% from current levels.
Vermilion Energy Inc (TSX: VET), engaged in the exploration, development and production of oil and natural gas, was upgraded by Dundee Securities Corp to buy from neutral by increasing its price target to C$66.00 from C$53.00, indicating an upside potential of 19.0% from current levels.
Pareto Securities initiated coverage on Lundin Gold Inc (TSX: LUG), engaged in the business of exploring minerals, with a buy rating assigning a 12-month price target of C$6.55, indicating an upside of 63.8% from current levels.
Coverage on Enbridge Income Fund Holdings Inc (TSX: ENF), engaged in the business of making investments in a diversified portfolio of energy infrastructure assets in Canada, through its fund entity, was initiated with an outperform rating at Macquarie by assigning a 12-month price target of C$47.00, indicating an upside potential of 11.2% from current levels.
Dundee Securities Corp downgraded Strategic Oil & Gas Ltd (TSXV: SOG), engaged in the exploration and development of oil and gas properties, to sell from neutral with a price target of C$0.10, indicating a downside of 35.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| DreamWorks Animation SKG Inc | NASDAQ | DWA | 20.155 | 1,717.61 | Upgrade to buy from neutral | Eric Wold | B Riley & Co | 25.00 | 24.0% |
| Triumph Group Inc | NYSE | TGI | 63.52 | 3,225.99 | Upgrade to sector perform from underperform | Steven Cahall | RBC Capital Markets | 69.00 | 8.6% |
| First Niagara Financial Group Inc | NASDAQ | FNFG | 8.25 | 2,931.52 | Upgrade to buy from hold | Casey Haire | Jefferies | 9.50 | 15.2% |
| EP Energy Corp | NYSE | EPE | 9.41 | 2,311.28 | Initiate with buy | Subash Chandra | Guggenheim Securities LLC | 11.50 | 22.2% |
| AmeriGas Partners LP | NYSE | APU | 51.32 | 4,766.08 | Downgrade to hold from buy | Christopher P Sighinolfi | Jefferies | 53.00 | 3.3% |
B Riley & Co upgraded DreamWorks Animation SKG Inc (NASDAQ: DWA), engaged in the development and production of computer generated animated feature films for a broad movie-going audience, to buy from neutral with a price target of $25.00, indicating an upside potential of 24.0% from current levels.
Triumph Group Inc (NYSE: TGI), engaged in designing, engineering, manufacturing, repairing, overhauling and distributing aircraft components, was upgraded by RBC Capital Markets to sector perform from underperform with a price target of $69.00, indicating an upside potential of 8.6% from current levels.
Jefferies upgraded First Niagara Financial Group Inc (NASDAQ: FNFG), engaged in the business of providing a range of retail and commercial banking, as well as other financial services, to buy from hold by raising its price target to $9.50 from $8.00, indicating an upside potential of 15.2% from current levels.
Guggenheim Securities LLC initiated coverage on EP Energy Corp (NYSE: EPE), engaged in the exploration and production of oil and natural gas, with a buy rating assigning a 12-month price target of $11.50, indicating an upside of 22.2% from current levels.
AmeriGas Partners LP (NYSE: APU), engaged in the business of retailing propane, was downgraded by Jefferies to hold from buy by reducing its price target to $53.00 from $52.00, indicating an upside of 3.3% from current levels.
