| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| BlackPearl Resources Inc | TSX | PXX | 2.50 | 17 | Upgrade to buy from hold | Steve Toth | Canaccord Genuity Corp | 3.50 | 40.0% |
| Progressive Waste Solutions Ltd | TSX | BIN | 25.60 | 18 | Upgrade to buy from hold | Damir Gunja | TD Securities | 31.11 | 21.5% |
| Norbord Inc | TSX | NBD | 31.23 | 9 | Upgrade to outperform from market perform | Daryl Swetlishoff | Raymond James | 34.00 | 8.9% |
| Bankers Petroleum Ltd | TSX | BNK | 4.28 | 17 | Initiate with buy | Mark Heim | Jennings Capital | 6.00 | 40.2% |
| Kilo Goldmines Ltd | TSXV | KGL | 0.04 | 1 | Downgrade to hold from speculative buy | Nana Sangmuah | Clarus Securities | 0.05 | 25.0% |
Canaccord Genuity Corp upgraded BlackPearl Resources Inc (TSX: PXX), an oil and natural gas exploring company, to buy from hold increasing its price target to C$3.50 from C$2.75, indicating an upside of 40% from current levels. The stock was upgraded after the release of the company’s 2013 year-end reserves and contingent resource estimates and a production update. The company met its 2013 production guidance, with fourth quarter output rising 15% from a year earlier.
Progressive Waste Solutions Ltd (TSX: BIN), a waste management company, was upgraded to buy from hold at TD Securities increasing its price target to C$31.11 from C$29.26, indicating an upside of 21.5% from current levels. Recently, BIN announced that it has acquired 19.9% interest in TerraCycle Canada, a waste recycling company.
Raymond James upgraded Norbord Inc (TSX: NBD), an international producer of wood-based panels, to outperform from market perform with a price target of C$34.00, indicating an upside potential of 8.9% from current levels. NBD recently reported earnings of C$149 million or C$2.92 per share for full year 2013 compared to C$71 million or C$1.63 per share in 2012. The company also declared a quarterly dividend of C$0.60 per share payable on March 21, 2014 to shareholders of record on March 1, 2014.
Jennings Capital initiated coverage on Bankers Petroleum Ltd (TSX: BNK), engaged in the exploration of oil in Albania, with a buy rating assigning a 12-month price target of C$6.00, indicating an upside of 40.2% from current levels.
Clarus Securities downgraded Kilo Goldmines Ltd (TSXV: KGL), a junior resource company with gold exploration, to hold from speculative buy lowering its price target to C$0.05 from C$0.10, indicating an upside of 25% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| C&J Energy Services Inc | NYSE | CJES | 23.38 | 13 | Upgrade to overweight from equalweight | Michael Marino | Stephens Inc | 28.00 | 19.8% |
| Gigamon Inc | NYSE | GIMO | 30.46 | 9 | Upgrade to buy/neutral from neutral/neutral | Kent Schofield | Goldman Sachs | 38.00 | 24.8% |
| Computer Programs & Systems Inc | NASDAQ | CPSI | 66.82 | 14 | Upgrade to buy from neutral | Eugene Mannheimer | B Riley & Co | 68.00 | 1.8% |
| Headwaters Inc | NYSE | HW | 11.12 | 6 | Initiate with buy | Rob Hansen | Deutsche Bank | 14.00 | 25.9% |
| CARBO Ceramics Inc | NYSE | CRR | 115.12 | 15 | Downgrade to sell from neutral | Darren Gacicia | Guggenheim Securities LLC | 95.00 | -17.5% |
Stephens Inc upgraded C&J Energy Services Inc (NYSE: CJES), a provider of hydraulic fracturing, coiled tubing, wireline and other complementary services with a focus on complex, technically demanding well completions, was upgraded to overweight from equal-weight raising its price target to $28.00 from $25.00, indicating an upside of 19.8% from current levels. Recently, CJES announced that its is scheduled to report its fourth quarter 2013 earnings on Wednesday, February 12, 2014 after market close.
Gigamon Inc (NYSE: GIMO), a provider of solution that delivers visibility and control of traffic across networks, was upgraded to buy/neutral from neutral/neutral at Goldman Sachs increasing its price target to $38.00 from $37.00, indicating an upside of 24.8% from current levels. Analyst Kent Schofield upgraded the stock after the huge selloff led by weak Q4 results and lowered 2014 operating margin guidance. Analyst believes that GIMO’s leading position in an underpenetrated market for network visibility fabric hardware (interacts with other networking hardware to monitor/analyze traffic) will yield better-than-expected 2014 results.
B Riley & Co upgraded Computer Programs & Systems Inc (NASDAQ: CPSI), a healthcare information technology company that designs, develops, markets, installs and supports computerized information technology systems, to buy from neutral raising its price target to $68.00 from $60.00, indicating an upside of 1.8% from current levels. Recently, CPSI reported its earnings for fourth quarter and full year 2013. The company’s fourth quarter revenues increased 7% to $51.3 million, over the prior-year fourth quarter, while net income grew 10% to $10.0 million, or $0.90 per diluted share. The company also increased its regular quarterly cash dividend of $0.06 to $0.57 per share, payable on February 28, 2014, to stockholders of record as of the close of business on February 13, 2014.
Deutsche Bank initiated coverage on Headwaters Inc (NYSE: HW), a provider of products, technologies and services in the building products, construction materials and energy industries, with a buy rating assigning a 12-month price target of $14.00, indicating an upside of 25.9% from current levels.
Guggenheim Securities LLC downgraded CARBO Ceramics Inc (NYSE: CRR), a supplier of ceramic proppant and resin-coated sand, to sell from neutral lowering its price target to $95.00 from $105.00, indicating a downside of 17.5% from current levels.
