Notable Analyst Upgrades and Downgrades (NYSE: MRH) (TSX: BIN)

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Talon Metals Corp. (TSX: TLO) and Werner Enterprises Inc. (NASDAQ: WERN) are among a number of stocks that received either an analyst with upside potential of more than 78%.

The following stocks were upgraded/downgraded on November 25, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Progressive Waste Solutions Ltd TSX BIN 34.77 4,004.8 Upgrade to buy from hold Michael E Hoffman Stifel 41.60 19.6%
Terra Firma Capital Corp TSXV TII 0.89 36.1 Initiate with buy Corey J Hammill Paradigm Capital Inc 1.30 46.1%
Hyduke Energy Services Inc TSX HYD 0.89 27.1 Initiate with buy Brian Purdy PI Financial Corp. 1.30 46.1%
Talon Metals Corp TSX TLO 0.28 25.8 Initiate with buy Stefan Ioannou Haywood Securities Inc. 0.50 78.6%
Taseko Mines Ltd TSX TKO 1.65 321.8 Downgrade to neutral from buy Joseph Gallucci Dundee Securities Corp 2.00 21.2%

Stifel upgraded Progressive Waste Solutions Ltd (TSX: BIN), engaged in providing non-hazardous solid waste collection and landfill disposal services for commercial, industrial and residential customers, to buy from hold with a price target of C$41.60, indicating an upside of 19.6% from current levels.

Paradigm Capital Inc initiated coverage on Terra Firma Capital Corp (TSXV: TII), engaged in providing customized equity and debt solutions to the real estate industry, with a buy rating assigning a 12-month price target of C$1.30, indicating an upside of 46.1% from current levels.

Coverage on Hyduke Energy Services Inc (TSX: HYD), engaged in the business of manufacturing, repairing and selling oilfield equipment and supplies, was initiated with a buy rating at PI Financial Corp., assigning a 12-month price target of C$1.30, indicating an upside potential of 46.1% from current levels.

Haywood Securities Inc. initiated coverage on Talon Metals Corp (TSX: TLO), engaged in the acquisition, exploration and development of its portfolio of iron projects in Brazil, with a buy rating assigning a 12-month price target of C$0.50, indicating an upside of 78.6% from current levels.

Taseko Mines Ltd (TSX: TKO), engaged in the business of exploring and mining for copper and molybdenum, was downgraded by Dundee Securities Corp to neutral from buy by reducing its price target to C$2.00 from C$2.80, implying an upside potential of 21.2% from current levels.

The following stocks were upgraded/downgraded on November 25, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Montpelier Re Holdings Ltd NYSE MRH 34.19 1,482.5 Upgrade to equalweight from underweight Jay H Gelb Barclays 37.00 8.2%
Werner Enterprises Inc NASDAQ WERN 30.07 2,160.9 Upgrade to buy from hold Thomas S Albrecht BB&T Capital Markets 36.00 19.7%
KCG Holdings Inc NYSE KCG 11.01 1,288.6 Upgrade to buy from hold Richard H Repetto Sandler O’Neill & Partners, LP 14.00 27.2%
Vantiv Inc NYSE VNTV 33.62 4,912.9 Initiate with buy John T Williams Topeka Capital Markets Inc 40.00 19.0%
Prosensa Holding NV NASDAQ RNA 18.70 654.5 Downgrade to hold from buy Jan De Kerpel KBC Securities 19.80 5.9%

Barclays upgraded Montpelier Re Holdings Ltd (NYSE: MRH), engaged in the business of providing reinsurance for the global insurance market, to equal weight from underweight by raising its price target to $37.00 from $29.00, indicating an upside of 8.2% from current levels.

Werner Enterprises Inc (NASDAQ: WERN), engaged in the business of hauling truckload shipments of general commodities in both interstate and intrastate commerce, was upgraded by BB&T Capital Markets to buy from hold with a price target of $36.00, indicating an upside potential of 19.7% from current levels.

Sandler O’Neill & Partners, LP upgraded KCG Holdings Inc (NYSE: KCG), engaged in offering investors a range of services including market making, global execution and corporate services designed to address trading needs across classes, product types and time zones, to buy from hold by raising its price target to $14.00 from $11.00, indicating an upside of 27.2% from current levels.

Topeka Capital Markets Inc initiated coverage on Vantiv Inc (NYSE: VNTV), engaged in integrated payment processing business, by enabling merchants of all sizes to accept and process credit, debit and prepaid payments and also providing support services, with a buy rating assigning a 12-month price target of $40.00, indicating an upside of 19.0% from current levels.

Prosensa Holding NV (NASDAQ: RNA), engaged in the discovery and development of ribonucleic acid-modulating or RNA-modulating, therapeutics for the treatment of genetic disorders, was downgraded by KBC Securities to hold from buy with a price target of $19.80, implying an upside potential of 5.9% from current levels.

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