Zynga Inc. (NASDAQ: ZNGA) and GoGold Resources Inc. (TSX: GGD) are among a number of
stocks that received either an analyst upgrade or downgrade recently, including one with potential
upside of more than 63%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Westport Innovations Inc | TSX | WPT | 6.83 | 431.5 | Upgrade to market perform from reduce | Macmurray Whale | Cormark Securities Inc. | 7.50 | 9.8% |
| GoGold Resources Inc | TSX | GGD | 1.63 | 240.9 | Upgrade to buy from neutral | Christos Doulis | PI Financial Corp. | 2.00 | 22.7% |
| Endeavour Silver Corp | TSX | EDR | 3.23 | 328.0 | Upgrade to buy from hold | Ash Guglani | Salman Partners | 4.25 | 31.6% |
| Manitok Energy Inc | TSXV | MEI | 1.77 | 118.6 | Downgrade to hold from speculative buy | Anthony Petrucci | Canaccord Genuity Corp | 2.25 | 27.1% |
| Martinrea International Inc | TSX | MRE | 10.14 | 859.1 | Downgrade to hold from buy | David Tyerman | Canaccord Genuity Corp | 11.00 | 8.5% |
Cormark Securities Inc. upgraded Westport Innovations Inc (TSX: WPT), engaged in producing natural gas engines and fuel system components for on- and off-highway commercial vehicles as well as automobiles, to market perform from reduce with a price target of C$7.50, indicating an upside of 9.8% from current levels.
GoGold Resources Inc (TSX: GGD), engaged in exploring gold and silver on the San Diego Project located near Durango, Mexico, was upgraded by PI Financial Corp. to buy from neutral raising its price target to C$2.00 from C$1.75, indicating an upside potential of 22.7% from current levels.
Salman Partners upgraded Endeavour Silver Corp (TSX: EDR), engaged in the evaluation, acquisition, exploration, development and exploitation of silver mining properties in Mexico, to buy from hold with a price target of C$4.25, indicating an upside of 31.6% from current levels.
Canaccord Genuity Corp downgraded Manitok Energy Inc (TSXV: MEI), engaged in the exploration of oil and natural gas, to hold from speculative buy by reducing its price target to C$2.25 from C$3.00, indicating an upside of 27.1% from current levels.
Martinrea International Inc (TSX: MRE), engaged in manufacturing metal parts, assemblies and systems focusing on the automotive/industrial sectors, was downgraded by Canaccord Genuity Corp to hold from buy by reducing its price target to C$11.00 from C$17.00, implying an upside potential of 8.5% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| NorthStar Asset Management Group Inc/NYSE | NYSE | NSAM | 20.72 | 3,908.5 | Upgrade to outperform from market perform | Bose T George | Keefe, Bruyette & Woods | 24.00 | 15.8% |
| TreeHouse Foods Inc | NYSE | THS | 81.16 | 3,435.2 | Upgrade to buy from hold | Christopher R Growe | Stifel | 90.00 | 10.9% |
| Zynga Inc | NASDAQ | ZNGA | 2.75 | 2,482.9 | Upgrade to buy from hold | Brian J Pitz | Jefferies | 4.50 | 63.6% |
| Taubman Centers Inc | NYSE | TCO | 77.15 | 4,885.4 | Initiate with outperform | George Auerbach | Credit Suisse | 87.00 | 12.8% |
| WhiteHorse Finance Inc | NASDAQ | WHF | 12.51 | 187.4 | Downgrade to neutral from overweight | Richard Shane Jr | JPMorgan | 13.50 | 7.9% |
Keefe, Bruyette & Woods upgraded NorthStar Asset Management Group Inc (NYSE: NSAM), engaged in offering a broad range of investment advisory services to individuals, families and institutions including asset management, retirement planning, administrative services and 401(k) management, to outperform from market perform raising its price target to $24.00 from $20.00, indicating an upside of 15.8% from current levels.
TreeHouse Foods Inc (NYSE: THS), engaged in the business of manufacturing food and primarily servicing the retail grocery and foodservice distribution channels, was upgraded by Stifel to buy from hold with a price target of $90.00, indicating an upside potential of 10.9% from current levels.
Jefferies upgraded Zynga Inc (NASDAQ: ZNGA), engaged in offering games and support on social networking sites, cellular devices and internet forums, to buy from hold with a price target of $4.50, indicating an upside of 63.6% from current levels.
Credit Suisse initiated coverage on Taubman Centers Inc (NYSE: TCO), engaged in owning, managing and leasing regional, super-regional and outlet shopping centers in the U.S. and Asia, with an outperform rating assigning a 12-month price target of $87.00, indicating an upside of 12.8% from current levels.
WhiteHorse Finance Inc (NASDAQ: WHF), engaged in the business of originating senior secured loans to privately held small-cap companies across a broad range of industries with a focus to generate attractive risk-adjusted returns for investors, was downgraded by JPMorgan to neutral from overweight by reducing its price target to $13.50 from $14.50, implying an upside potential of 7.9% from current levels.
