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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Trilogy Energy Corp | TSX | TET | 8.98 | 1,176.2 | Upgrade to hold from underweight | Neil Fonseca | EVA Dimensions | NA | NA |
| Freehold Royalties Ltd | TSX | FRU | 18.88 | 1,398.2 | Upgrade to buy from hold | Aaron Bilkoski | TD Securities | 25.00 | 32.4% |
| Chemtrade Logistics Income Fund | TSX | CHE-U | 20.80 | 1,248.7 | Upgrade to outperform from sector perform | Jeremy Mersereau | National Bank Financial | 24.00 | 15.4% |
| Anderson Energy Ltd | TSX | AXL | 0.16 | 26.7 | Downgrade to hold from speculative buy | Trevor Reynolds | Acumen Capital Finance | 0.20 | 29.0% |
EVA Dimensions upgraded Trilogy Energy Corp (TSX: TET), engaged in the business of acquiring, developing, producing and selling natural gas, crude oil and natural gas liquids, to hold from underweight. The rating company has not provided its target price for the company’s stock.
Freehold Royalties Ltd (TSX: FRU), engaged in producing oil, natural gas, natural gas liquids and potash, was upgraded by TD Securities to buy from hold by raising its price target to C$25.00 from C$23.00, indicating an upside potential of 32.4% from current levels.
National Bank Financial upgraded Chemtrade Logistics Income Fund (TSX: CHE-U), engaged in the business of holding securities of Chemtrade Logistics Inc, to outperform from sector perform by raising its price target to C$24.00 from C$21.00, indicating an upside of 15.4% from current levels.
Acumen Capital Finance downgraded Anderson Energy Ltd (TSX: AXL), engaged in the business of acquiring, exploring, developing and producing oil and natural gas properties in western Canada, to hold from speculative buy by reducing its price target to C$0.20 from C$0.35, indicating an upside of 29.0% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Emerge Energy Services LP | NYSE | EMES | 55.68 | 1,320.7 | Upgrade to outperform from neutral | Ethan H Bellamy | Robert W. Baird & Co | 96.00 | 72.4% |
| Deluxe Corp | NYSE | DLX | 60.37 | 2,998.7 | Upgrade to outperform from market perform | Tim Klasell | Northland Securities Inc | 70.00 | 16.0% |
| Starz | NASDAQ | STRZA | 28.85 | 3,021.0 | Upgrade to outperform from neutral | Amy Yong | Macquarie | 35.00 | 21.3% |
| Panera Bread Co | NASDAQ | PNRA | 162.35 | 4,378.5 | Initiate with sell | Karen Holthouse | Goldman Sachs | 139.00 | -14.4% |
| Oasis Petroleum Inc | NYSE | OAS | 14.24 | 1,443.1 | Downgrade to sector perform from outperform | Blaise Angelico | Iberia Capital Partners LLC | 43.00 | 202.0% |
Robert W. Baird & Co upgraded Emerge Energy Services LP (NYSE: EMES), engaged in owning, operating, acquiring and developing a diversified portfolio of energy service assets, to outperform from neutral with a price target of $96.00, indicating an upside of 72.4% from current levels.
Deluxe Corp (NYSE: DLX), engaged in providing check printing and related business services, was upgraded by Northland Securities Inc to outperform from market perform by raising its price target to $70.00 from $55.00, indicating an upside potential of 16.0% from current levels.
Macquarie upgraded Starz (NASDAQ: STRZA), engaged in the entertainment business by providing premium subscription video programming on domestic U.S. pay television channels, global content distribution, animated television and movie production, to outperform from neutral with a price target of $35.00, indicating an upside of 21.3% from current levels.
Goldman Sachs initiated coverage on Panera Bread Co (NASDAQ: PNRA), engaged in the business of owning and franchising bakery cafes, with a sell rating assigning a 12-month price target of $139.00, indicating a downside of 14.4% from current levels.
Oasis Petroleum Inc (NYSE: OAS), engaged in the acquisition and development of unconventional oil and natural gas resources, was downgraded by Iberia Capital Partners LLC to sector perform from outperform by reducing its price target to $43.00 from $59.00, implying an upside potential of 202.0% from current levels.
