| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Canexus Corp | TSX | CUS | 5.70 | 7 | Re-initiate with sector perform | Patrick Kenny | National Bank Financial | 6.50 | 14.0% |
| Alexander Energy Ltd | TSXV | ALX | 0.65 | 1 | Initiate with buy | Stacey Mcdonald | GMP | 1.00 | 53.8% |
| MATRRIX Energy Technologies Inc | TSXV | MXX | 0.61 | 2 | Initiate with speculative buy | Elias Foscolos | MGI Securities | 1.00 | 63.9% |
| Belo Sun Mining Corp | TSX | BSX | 0.47 | 9 | Downgrade to sector perform from sector outperform | Jeff Killeen | CIBC World Markets | 0.65 | 39.8% |
| Toromont Industries Ltd | TSX | TIH | 25.01 | 12 | Downgrade to hold from buy | Kam Mangat | Salman Partners | 26.20 | 4.8% |
National Bank Financial re-initiated coverage on Canexus Corp (TSX: CUS), a manufacturer of a wide range of chemical products, with a sector perform rating assigning a 12-month price target of C$6.50, indicating an upside of 14% from current levels.
Coverage on Alexander Energy Ltd (TSXV: ALX), a private-sector coal company, was initiated with a buy at GMP securities with a price target of C$1.00, indicating an upside of 53.8% from current levels. Recently, ALX and Renegade Petroleum Ltd (TSXV: RPL) entered into a mutual agreement to combine and create a premier light oil focused high-growth company. The combined company will maintain a Saskatchewan focused and concentrated asset base of high netback, low decline light oil assets.
Analyst Elias Foscolos at MGI Securities initiated coverage on MATRRIX Energy Technologies Inc (TSXV: MXX), engaged in selling, renting and providing services equipments to the directional oil drilling industry, with a speculative buy assigning a 12-month price target of C$1.00, indicating an upside of 63.9%
CIBC World Markets downgraded Belo Sun Mining Corp (TSX: BSX), a gold exploration company engaged in the exploration of properties located in Brazil, to sector perform from sector outperform lowering its price target to C$0.65 from the earlier target of C$0.85, indicating an upside of 39.8% from current levels.
Salman Partners downgraded Toromont Industries Ltd (TSX: TIH), engaged in selling, renting, and providing services for Caterpillar construction equipment and power systems, to hold from buy reducing its price target to C$26.20 from C$26.75, indicating an upside of 4.8% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| TETRA Technologies Inc | NYSE | TTI | 11.34 | 15 | Upgrade to outperform from market perform | J Marshall Adkins | Raymond James | 13.00 | 14.6% |
| Pioneer Energy Services Corp | NYSE | PES | 8.72 | 12 | Upgrade to buy from neutral | Brian Uhlmer | Global Hunter Securities | 11.00 | 26.1% |
| Allscripts Healthcare Solutions Inc | NASDAQ | MDRX | 16.68 | 25 | Upgrade to buy from hold | Anthony V Vendetti | Maxim Group LLC | 20.00 | 19.9% |
| ChannelAdvisor Corp | NYSE | ECOM | 39.71 | 9 | Initiate with outperform | Colin Sebastian | Robert W. Baird & Co | 50.00 | 25.9% |
| Infoblox Inc | NYSE | BLOX | 17.19 | 11 | Downgrade to neutral from outperform | Sanjit Singh | Wedbush | 25.00 | 45.4% |
Raymond James upgraded TETRA Technologies Inc (NYSE: TTI), an oil and gas services company focused on completion fluids and other products, production testing, wellhead compression, and selected offshore services, to outperform from market perform with a price target of $13.00, indicating an upside of 14.6% from current levels. Recently, TTI announced that it is scheduled to report its fourth quarter and full-year 2013 results on February 28, 2014 at 10:30 a.m. For the fourth quarter 2013, company expects earnings per share to be between $0.10 and $0.12, excluding one-time charges.
Pioneer Energy Services Corp (NYSE: PES), a provider of drilling and production services to independent oil and gas exploration and production companies, was upgraded to buy from neutral at Global Hunter Securities increasing its price target to $11.00 from $9.00, indicating an upside of 26.1% from current levels.
Maxim Group LLC upgraded Allscripts Healthcare Solutions Inc (NASDAQ: MDRX), a provider of clinical, financial, connectivity and information solutions and related professional services, to buy from hold with a price target of $20.00, indicating an upside of 19.9% from current levels. The rating firm cites that MDRX’s strengthened products have allowed the company to win new clients and expand contracts, which should lead to continued bookings growth. Further, analyst Anthony V Vendetti believes that company’s heavy investments in client retention should prove successful.
Robert W. Baird & Co initiated coverage on ChannelAdvisor Corp (NYSE: ECOM), a provider of software-as-a-service (SaaS), solutions that enable retailers and manufacturing customers to integrate, manage and optimize their merchandise sales, with an outperform rating assigning a 12-month price target of $50.00, indicating an upside of 25.9% from current levels.
Wedbush downgraded Infoblox Inc (NYSE: BLOX), an automated network controller, to neutral from outperform lowering its price target to $25.00 from the earlier target of $36.00, indicating an upside of 45.4% from current levels.
