Notable Analyst Upgrades and Downgrades (NYSE: PNK) (TSX: CUM)

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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%.

The following stocks were upgraded/downgraded on November 12, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Copper Mountain Mining Corp TSX CUM 2.22 263.7 Upgrade to outperform from sector perform Stephen Parsons National Bank Financial 3.00 35.1%
Extendicare Inc TSX EXE 6.66 608.1 Upgrade to buy from hold Douglas W Loe Euro Pacific Canada Inc 10.00 50.2%
SEMAFO Inc TSX SMF 3.21 890.6 Upgrade to buy from hold Steven J Green TD Securities 4.50 40.2%
Argex Titanium Inc TSX RGX 0.59 84.5 Initiate with buy Fadi Benjamin Pope & Co Limited 2.10 255.9%
Vicwest Inc TSX VIC 12.67 223.4 Downgrade to reduce from buy Sarah Hughes Cormark Securities Inc. 12.70 0.2%

National Bank Financial upgraded Copper Mountain Mining Corp (TSX: CUM), engaged in the business of mineral exploration, development and operation of mineral deposits with focus on mining project, to outperform from sector perform with a price target of C$3.00, indicating an upside of 35.1% from current levels.

Extendicare Inc (TSX: EXE), engaged in providing post-acute and long-term senior care services, including skilled nursing care, rehabilitative therapies, and home health care services, was upgraded by Euro Pacific Canada Inc to buy from hold raising its price target to C$10.00 from C$7.50, indicating an upside potential of 50.2% from current levels.

TD Securities upgraded SEMAFO Inc (TSX: SMF), engaged in the production and exploration of gold, to buy from hold with a price target of C$4.50, indicating an upside of 40.2% from current levels.

Pope & Co Limited initiated coverage on Argex Titanium Inc (TSX: RGX), engaged in the production of Titanium Dioxide, with a buy rating assigning a 12-month price target of C$2.10, indicating an upside of 255.9% from current levels.

Vicwest Inc (TSX: VIC), engaged in manufacturing metal roofing, siding and other metal building products, was downgraded by Cormark Securities Inc. to reduce from buy by reducing its price target to C$12.70 from C$13.00, implying an upside potential of 0.2% from current levels.

The following stocks were upgraded/downgraded on November 12, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Pinnacle Entertainment Inc NYSE PNK 22.47 1,347.7 Upgrade to hold from sell Bryan Maher Craig-Hallum Capital Group Ltd 22.00 -2.1%
Frank’s International NV NYSE FI 20.24 3,122.5 Upgrade to outperform from neutral James Wicklund Credit Suisse 27.00 33.4%
Safe Bulkers Inc NYSE SB 5.54 462.3 Upgrade to buy from hold Petter Haugen DNB Markets 8.30 49.8%
Lennox International Inc NYSE LII 91.38 4,389.9 Initiate with buy Jonathan Wright Nomura 100.00 9.4%
JetBlue Airways Corp NASDAQ JBLU 12.53 3,656.4 Downgrade to neutral from overweight Jamie N Baker JPMorgan 15.50 23.7%

Craig-Hallum Capital Group Ltd upgraded Pinnacle Entertainment Inc (NYSE: PNK), engaged in owning, operating and developing casinos, related hospitality and entertainment facilities, to hold from sell raising its price target to $22.00 from $19.00, indicating a downside of 2.1% from current levels.

Frank’s International NV (NYSE: FI), engaged in providing engineered tubular services to the oil and gas industry, was upgraded by Credit Suisse to outperform from neutral raising its price target to $27.00 from $22.00, indicating an upside potential of 33.4% from current levels.

DNB Markets upgraded Safe Bulkers Inc (NYSE: SB), engaged in providing marine dry bulk transportation services by transporting bulk cargoes particularly grain, iron ore, and coal, to buy from hold raising its price target to $8.30 from $7.30, indicating an upside of 49.8% from current levels.

Nomura initiated coverage on Lennox International Inc (NYSE: LII), engaged in designing, manufacturing and marketing heating, ventilation, air conditioning, and refrigeration equipments, with a buy rating assigning a 12-month price target of $100.00, indicating an upside of 9.4% from current levels.

JetBlue Airways Corp (NASDAQ: JBLU), engaged in providing nonstop passenger flight services to various destinations in the U.S., was downgraded by JPMorgan to neutral from overweight with a price target of $15.50, implying an upside potential of 23.7% from current levels.