Upgrade Wi-Lan Inc. (WIN-T, “buy” rating) with a target of $3.50. Consensus is $4.22.
Analyst Doug Taylor said: “WIN shares have appreciated 26 per cent over the past two months following the announcement of Q3/16 results (Nov. 4). Despite the strong run, the stock remains cheap, in our opinion, and still presents a compelling risk/return profile for investors.”