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MC samples - Ben Yoffe

Roth Capital Resumes Coverage on Ur-Energy at Buy


In a report published Wednesday, Roth Capital analyst Joe Reagor resumed coverage on Ur-Energy (URG) with a Buy rating and $1.60 price target, representing a 43% upside from Monday's close. Reagor noted, "UR-Energy's valuation appears to be on the brink of an increase in valuation on an EV/pound of resource multiple, as it transitions from an exploration and development company to a uranium producer" Reagor believes that the combination of a revaluation, increasing production, and exposure to a potential spot price rise makes it a unique leverage play into the anticipated supply shortage when the Russian HEU agreement terminates at the end of this year. Back in June, Cantor Fitzgerald started the shares of Ur-Energy at Buy with a $1.40 price target based on the company's transitions from construction to production.

Cannacord maintains a Hold on Acuity; solid 3Q result, but shares fully valued
Cannacord maintains a Hold rating on Acuity Brands (AYI), raises price target from $78 to $100. "Acuity is one of the highest quality companies in our space and we have no reason to believe their incremental productivity and cost improvements, share gains, etc. will slow. However, near $100 per share we believe that much of the future growth is already priced into the stock", says Cannacord. That said, Cannacord analysts prefer to wait for pullbacks towards economic uncertainty, for example, as an opportunity to become more constructive. Acuity shares have recently hit 52-week highs following an upbeat Q3 profit, and currently trading at $94.09 per share.

UBS cautious despite Global Payments strong Q1 results


UBS analysts reiterated their Neutral rating on Global Payments (GPN) on Wednesday, but raised the companys price target. The analysts see shares of GPN now reaching $52, up from the previous price target of $49. This new target suggests a 8% downside to the stocks Wednesday closing price of $56.49. "Mixed US performance and weak Asia results despite aggressive expansion efforts are troubling, though Europe pleasantly surprised", analysts said. UBS believes GPN shares will remain range-bound given flattish margins, slowing ISO channel growth, and an ongoing mix shift towards lower margin products/services. Global Payments shares have taken off, and they are close to their all-time high of $57.42 in response to the company's FQ1 beat and strong guidance.

Wedbush maintains an Outperform on Allot following a multi-million dollar order


Allot (ALLT) announces multi-million dollar order from US-based, cloud service provider. The deal involves core traffic management capabilities provided by Allots high-end Service Gateway platform, which will be installed at several of the customers datacenters global. Wedbush is out maintaining an Outperform rating and a $17 price target, noting that "Multi-million dollar order will positively benefit Q3 book-to-bill, which will likely be slightly above one". Wedbush analyst Sanjit Singh noted, "While we think the environment remains difficult and timing of large deals is difficult to ascertain, fundamentals at Allot look to be steadily improving and the deal pipeline remains attractive, giving us increased confidence in our Outperform thesis".