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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Argonaut Gold Inc | TSX | AR | 2.84 | 437.8 | Upgrade to buy from hold | Michael Parkin | Desjardins Securities | 3.75 | 32.0% |
| Fortuna Silver Mines Inc | TSX | FVI | 6.16 | 789.9 | Upgrade to buy from hold | John Kratochwil | Canaccord Genuity Corp | 7.50 | 21.8% |
| Eldorado Gold Corp | TSX | ELD | 7.39 | 5,293.5 | Upgrade to hold from sell | Tony Lesiak | Canaccord Genuity Corp | 8.50 | 15.0% |
Desjardins Securities upgraded Argonaut Gold Inc (TSX: AR), engaged in the exploration of gold, to buy from hold by raising its price target to C$3.75 from C$3.00, indicating an upside potential of 32.0% from current levels.
Fortuna Silver Mines Inc (TSX: FVI), engaged in silver mining and related activities, was upgraded by Canaccord Genuity Corp to buy from hold by increasing its price target to C$7.50 from C$6.50, indicating an upside potential of 21.8% from current levels.
Canaccord Genuity Corp upgraded Eldorado Gold Corp (TSX: ELD), engaged in the acquisition, exploration and development of gold, to hold from sell with a price target of C$8.50 indicating an upside potential of 15.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Yelp Inc | NYSE | YELP | 55.63 | 4,034.21 | Upgrade to outperform from market perform | Aaron M Kessler | Raymond James | 72.00 | 29.4% |
| Constant Contact Inc | NASDAQ | CTCT | 39.22 | 1,242.34 | Upgrade to outperform from neutral | Michael B Nemeroff | Credit Suisse | 46.00 | 17.3% |
| Support.com Inc | NASDAQ | SPRT | 1.96 | 106.02 | Upgrade to outperform from market perform | Michael James Latimore | Northland Securities Inc | 3.00 | 53.1% |
| Mueller Water Products Inc | NYSE | MWA | 9.9 | 1,587.68 | Initiate with outperform | Ryan M Connors | Boenning & Scattergood Inc | 12.00 | 21.2% |
| South State Corp | NASDAQ | SSB | 60.79 | 1,467.49 | Downgrade to hold from buy | Stephen Scouten | Sandler O’Neill & Partners, LP | 67.00 | 10.2% |
Raymond James upgraded Yelp Inc (NYSE: YELP), engaged in operating social networking, user review, and local search web site, to outperform from market perform with a price target of $72.00, indicating an upside potential of 29.4% from current levels.
Constant Contact Inc (NASDAQ: CTCT), engaged in the business of providing web-based e-mail marketing tools and services to businesses, associations and organizations to help them connect with their customers and members, was upgraded by Credit Suisse to outperform from neutral by raising its price target to $46.00 from $34.00, indicating an upside potential of 17.3% from current levels.
Northland Securities Inc upgraded Support.com Inc (NASDAQ: SPRT), engaged in providing eBusiness infrastructure software, to outperform from market perform with a price target of $3.00, indicating an upside potential of 53.1% from current levels.
Boenning & Scattergood Inc initiated coverage on Mueller Water Products Inc (NYSE: MWA), engaged in manufacturing and marketing products and services used in the transmission, distribution and measurement of water, with an outperform rating assigning a 12-month price target of $12.00, indicating an upside of 21.2% from current levels.
South State Corp (NASDAQ: SSB), engaged in offering full range of retail and commercial banking services, mortgage lending services, trust and investment services and consumer finance loans through its banking subsidiaries, was downgraded by Sandler O’Neill & Partners, LP to hold from buy by reducing its price target to $67.00 from $71.00, indicating an upside of 10.2% from current levels.
