| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Copper Mountain Mining Corp | TSX | CUM | 1.65 | 19 | Upgrade to market perform from speculative underperform | John P Hayes | BMO Capital Markets | 1.75 | 6.1% |
| Silver Standard Resources Inc | TSX | SSO | 8.39 | 12 | Upgrade to hold from sell | Jorge M Beristain | Deutsche Bank | 8.00 | -4.6% |
| Heroux-Devtek Inc | TSX | HRX | 11.95 | 7 | Upgrade to outperform from market perform | Ben Cherniavsky | Raymond James | 13.50 | 13.0% |
| Canadian Zinc Corp | TSX | CZN | 0.50 | 6 | Initiate with buy | Jeffrey Woolley | Paradigm Capital Inc | 1.10 | 120.0% |
| Cardinal Energy Ltd | TSX | CJ | 12.80 | 3 | Initiate with buy | Chad Ellison | Dundee Securities Corp | 16.00 | 25.0% |
BMO Capital Markets upgraded Copper Mountain Mining Corp (TSX: CUM), engaged in the business of mineral exploration, development and operation of mineral deposits, to market perform from speculative underperform with a price target of C$1.75, an upside of 6.1% from current levels. Recently, CUM reported its 2013 production results, which included 66.2 million pounds of copper, 21.6 thousand ounces of gold, and 320.4 thousand ounces of silver.
Silver Standard Resources Inc (TSX: SSO), a silver resource company, was upgraded to hold from sell at Deutsche Bank increasing its price target to C$8.00 from C$7.00, indicating a downside of 4.6% from current levels. Recently, SSO bought Marigold mine in Humboldt County, Nevada from Goldcorp (NYSE: GG) and Barrick Gold Corp (NYSE: ABX) for $275 million in cash.
Raymond James upgraded Heroux-Devtek Inc (TSX: HRX), engaged in designing, development, manufacturing, repairing and overhaul of landing gear systems and components, to outperform from market perform increasing its price target to C$13.50 from C$9.50, an upside of 13% from current levels.
Paradigm Capital Inc initiated coverage on Canadian Zinc Corp (TSX: CZN), an exploration-stage company engaged in the exploration, development and permitting of its Prairie Creek Mine property, a zinc/lead/silver deposit with adjacent mill and infrastructure facilities, with a buy rating assigning a 12-month price target of C$1.10, indicating an upside of 120% from current levels.
Coverage on Cardinal Energy Ltd (TSX: CJ), a junior oil focused company, was initiated with a buy at Dundee Securities Corp with a 12-month price target of C$16.00, 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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Entegris Inc | NASDAQ | ENTG | 11.43 | 12 | Upgrade to buy from neutral | Jairam Nathan | Sidoti & Company LLC | 15.00 | 31.2% |
| East West Bancorp Inc | NASDAQ | EWBC | 33.43 | 18 | Upgrade to buy from hold | David Rochester | Deutsche Bank | 38.00 | 13.7% |
| Prospect Capital Corp | NASDAQ | PSEC | 11.07 | 13 | Upgrade to buy from hold | Merrill Ross | Wunderlich Securities | 12.00 | 8.4% |
| C&J Energy Services Inc | NYSE | CJES | 23.55 | 14 | Initiate with buy | Brad Handler | Jefferies | 28.00 | 18.9% |
| Peregrine Semiconductor Corp | NASDAQ | PSMI | 5.58 | 8 | Downgrade to neutral from overweight | Harlan Sur | JPMorgan | 7.00 | 25.4% |
Sidoti & Company LLC upgraded Entegris Inc (NASDAQ: ENTG), a developer, manufacturer and supplier of products and materials used in processing and manufacturing in the semiconductor and other high-technology industries, to buy from neutral increasing its price target to $15.00 from $12.00, indicating an upside of 31.2% from current levels. Recently, ENTG inked an agreement to acquire ATMI Inc (NASDAQ: ATMI) for a total consideration of $1.15 billion. The acquisition will provide ENTG a strong inorganic growth opportunity in the specialty semiconductor space.
East West Bancorp Inc (NASDAQ: EWBC), a bank holding company for East-West Bank, was upgraded to buy from hold at Deutsche Bank with a price target of $38.00, indicating an upside of 13.7% from current levels. The rating bank believes that EWBC has a strong potential to post stronger loan growth following its more conservative FY14 guidance.
Wunderlich Securities upgraded Prospect Capital Corp (NASDAQ: PSEC), a closed-end investment company investing primarily in senior and subordinated debt and equity of companies in need of capital for acquisitions, divestitures, growth, development and recapitalization, to buy from hold with a price target of $12.00, indicating an upside of 8.4% from current levels.
Jefferies initiated coverage on 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, with a buy rating assigning a 12-month price target of $28.00, indicating an upside of 18.9% from current levels.
JPMorgan downgraded Peregrine Semiconductor Corp (NASDAQ: PSMI), engaged in the design, manufacturing and marketing of radio frequency integrated circuits (RFICs), to neutral from overweight with a price target of $7.00, indicating an upside of 25.4% from current levels.
