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 CorpTSXCUM 2.22 263.7Upgrade to outperform from sector performStephen ParsonsNational Bank Financial3.0035.1%
Extendicare IncTSXEXE 6.66 608.1Upgrade to buy from holdDouglas W LoeEuro Pacific Canada Inc10.0050.2%
SEMAFO IncTSXSMF 3.21 890.6Upgrade to buy from holdSteven J GreenTD Securities4.5040.2%
Argex Titanium IncTSXRGX 0.59 84.5Initiate with buyFadi BenjaminPope & Co Limited2.10255.9%
Vicwest IncTSXVIC 12.67 223.4Downgrade to reduce from buySarah HughesCormark Securities Inc.12.700.2%

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 IncNYSEPNK 22.47 1,347.7Upgrade to hold from sellBryan MaherCraig-Hallum Capital Group Ltd22.00-2.1%
Frank’s International NVNYSEFI 20.24 3,122.5Upgrade to outperform from neutralJames WicklundCredit Suisse27.0033.4%
Safe Bulkers IncNYSESB 5.54 462.3Upgrade to buy from holdPetter HaugenDNB Markets8.3049.8%
Lennox International IncNYSELII 91.38 4,389.9Initiate with buyJonathan WrightNomura100.009.4%
JetBlue Airways CorpNASDAQJBLU 12.53 3,656.4Downgrade to neutral from overweightJamie N BakerJPMorgan15.5023.7%

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.