| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Agnico Eagle Mines Ltd | TSX | AEM | 31.03 | 27 | Upgrade to buy from hold | Tony Lesiak | Canaccord Genuity Corp | 33.50 | 8.0% |
| Fortuna Silver Mines Inc | TSX | FVI | 3.64 | 10 | Upgrade to sector outperform from sector perform | Leon Esterhuizen | CIBC World Markets | 5.00 | 37.4% |
| Chartwell Retirement Residences | TSX | CSH-U | 10.18 | 9 | Upgrade to outperform from sector perform | Neil Downey | RBC Capital Markets | 11.50 | 13.0% |
| Hydrogenics Corp | TSX | HYG | 19.25 | 7 | Initiate with buy | Sara Elford | Canaccord Genuity Corp | 32.59 | 69.3% |
| Sulliden Gold Corp Ltd | TSX | SUE | 0.79 | 10 | Downgrade to market perform from speculative outperform | Andrew Kaip | BMO Capital Markets | 0.90 | 13.9% |
Canaccord Genuity Corp upgraded Agnico Eagle Mines Ltd (TSX: AEM), a Canada-based international gold producer, to buy from hold increasing its price target to C$33.50 from the earlier target of C$32.00, indicating an upside of 8% from current levels.
Meanwhile, Canaccord initiated coverage on Hydrogenics Corp (TSX: HYG), engaged in designing, developing and providing hydrogen generation and fuel cell products based on water electrolysis technology and proton exchange membrane (PEM) technology, with a buy rating assigning a 12-month price target of C$32.59, indicating an upside of 69.3% from current levels.
Fortuna Silver Mines Inc (TSX: FVI), engaged in silver mining and related activities including exploration, extraction, and processing, was upgraded to sector outperform from sector perform at CIBC World Markets raising its price target to C$5.00 from C$4.00, indicating an upside of 37.4% from current levels. Recently, FVI reported that during 2013, the company produced 4.6 million ounces of silver and 21,242 ounces of gold or 5.9 million Ag ounces from its two underground operating silver mines located in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. For 2014, the company expects to produce 6 million ounces of silver, up 30% over 2013 and to produce 32,300 ounces or 8 million Ag Eq ounces of gold.
RBC Capital Markets upgraded Chartwell Retirement Residences (TSX: CSH-U), an open-ended real estate investment trust, to outperform from sector perform raising its price target to C$11.50 from C$11.00, indicating an upside of 13% from current levels.
BMO Capital Markets downgraded Sulliden Gold Corp Ltd (TSX: SUE), a Canadian-based gold exploration and development company, to market perform from speculative outperform lowering its price target to C$0.90 from the earlier target of C$1.40, indicating an upside of 13.9% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| LPL Financial Holdings Inc | NASDAQ | LPLA | 51.66 | 14 | Upgrade to overweight from neutral | Kenneth B Worthington | JPMorgan | 60.00 | 16.1% |
| United States Steel Corp | NYSE | X | 27.93 | 23 | Upgrade to outperform from market perform | Meredith H Bandy | BMO Capital Markets | 37.00 | 32.5% |
| Skyworks Solutions Inc | NASDAQ | SWKS | 28.44 | 17 | Upgrade to buy from neutral | Craig Ellis | B Riley & Co | 35.00 | 23.1% |
| Neenah Paper Inc | NYSE | NP | 40.64 | 5 | Initiate with buy | Steven P Chercover | D.A. Davidson & Co | 50.00 | 23.0% |
| Alnylam Pharmaceuticals Inc | NASDAQ | ALNY | 93.28 | 10 | Downgrade to hold from buy | Steven Silver | S&P Capital IQ | 100.00 | 7.2% |
JPMorgan upgraded LPL Financial Holdings Inc (NASDAQ: LPLA), a provider of an integrated platform of brokerage and investment advisory services, to overweight from neutral increasing its price target to $60.00 from the earlier target of $47.00, indicating an upside of 16.1% from current levels. The rating firm cites LPL as the best opportunity to invest in asset management space, as the trends in asset management, with retail investors reengaging in equity products and equity market levels portray brighter prospects.
United States Steel Corp (NYSE: X), an integrated steel producer of flat-rolled and tubular products, was upgraded to outperform from market perform at BMO Capital Markets raising its price target to $37.00 from the earlier target of $19.00, indicating an upside of 32.5% from current levels.
B Riley & Co upgraded Skyworks Solutions Inc (NASDAQ: SWKS), engaged in offering analog and mixed signal semiconductors, to buy from neutral raising its price target to $35.00 from $28.00, indicating an upside of 23.1% from current levels. SWKS is scheduled to report its first quarter 2014 earnings and business outlook on January 16, 2014 at 5 PM (Eastern Time).
D.A. Davidson & Co initiated coverage on Neenah Paper Inc (NYSE: NP), a producer of transportation and other filter media and coated substrates for industrial products backings and a variety of other end markets, with a buy rating assigning a 12-month price target of $50.00, indicating an upside of 23% from current levels.
S&P Capital IQ downgraded Alnylam Pharmaceuticals Inc (NASDAQ: ALNY), a biopharmaceutical company developing therapeutics based on ribonucleic acid interface (RNAi), to hold from buy with a price target of $100.00, indicating an upside of 7.2% from current levels.
