| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Savanna Energy Services Corp | TSX | SVY | 8.11 | 12 | Upgrade to buy from hold | Scott Treadwell | TD Securities | 10.00 | 23.3% |
| BlackPearl Resources Inc | TSX | PXX | 2.44 | 17 | Upgrade to speculative buy from hold | Gordon Currie | Salman Partners | 3.75 | 53.7% |
| Cequence Energy Ltd | TSX | CQE | 1.78 | 12 | Initiate with outperform | Patrick J O’Rourke | Alta Corp Capital Inc. | 2.45 | 37.6% |
| Cardinal Energy Ltd | TSX | CJ | 13.00 | 5 | Initiate with outperform | Cody R Kwong | FirstEnergy Capital Corp | 15.00 | 15.4% |
| McCoy Corp/Canada | TSX | MCB | 5.68 | 6 | Downgrade to market perform from outperform | Steven P Hansen | Raymond James | 6.50 | 14.4% |
TD Securities upgraded Savanna Energy Services Corp (TSX: SVY), a drilling and oilfield services company, to buy from hold increasing its price target to C$10.00 from C$9.00, indicating an upside of 23.3% from current levels. Recently, SVY declared a monthly dividend of C$0.03 per share payable on March 14, 2014 to shareholders of record on February 28, 2014.
BlackPearl Resources Inc (TSX: PXX), an oil and natural gas company engaged in the business of oil and gas exploration, development and production, was upgraded to speculative buy from hold at Salman Partners raising its price target to C$3.75 from C$2.75, indicating an upside of 53.7% from current levels.
Alta Corp Capital Inc. initiated coverage on Cequence Energy Ltd (TSX: CQE), engaged in the exploration, development, production and acquisition of crude oil and natural gas, with an outperform rating assigning a 12-month price target of C$2.45, indicating an upside of 37.6% from current levels.
Coverage on Cardinal Energy Ltd (TSX: CJ), a junior oil focused company, was initiated at FirstEnergy Capital Corp with an outperform rating assigning a 12-month price target of C$15.00, indicating an upside of 15.4% from current levels. Recently, CJ closed its previously announced private placement worth $28 million, representing 2.19 million common shares at a price of C$12.80 per Share. The company also declared a dividend of C$0.05 per share payable on March 17, 2014 to shareholders of record on February 28, 2014.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Sagent Pharmaceuticals Inc | NASDAQ | SGNT | 20.38 | 9 | Upgrade to sector perform from underperform | Randall S Stanicky | RBC Capital Markets | 20.00 | -1.9% |
| Veeco Instruments Inc | NASDAQ | VECO | 39.75 | 20 | Upgrade to outperform from neutral | Brandon Heiken | Credit Suisse | 50.00 | 25.8% |
| Itron Inc | NASDAQ | ITRI | 39.19 | 16 | Upgrade to buy from hold | Sean K F Hannan | Needham & Co | 45.00 | 14.8% |
| Rally Software Development Corp | NYSE | RALY | 23.20 | 8 | Initiate with buy | Richard K Baldry | Roth Capital Partners | 33.00 | 42.2% |
| AMCOL International Corp | NYSE | ACO | 41.24 | 4 | Downgrade to neutral from buy | Daniel D Rizzo | Sidoti & Company LLC | 41.00 | -0.6% |
RBC Capital Markets upgraded Sagent Pharmaceuticals Inc (NASDAQ: SGNT), an injectable pharmaceutical company, to sector perform from underperform with a price target of $20.00, indicating a downside of 1.9% from current levels. Recently, SGNT reported its fourth quarter and fiscal year 2013 earnings. During the quarter, net revenues increased 20% to $64.1 million over the same quarter last year. The company reported an EPS of $0.11 for the quarter, beating the consensus estimate of loss per share of 1 cent. For 2013, revenues were up 33% to $244.8 million over 2012.
Veeco Instruments Inc (NASDAQ: VECO), engaged in designing, manufacturing and marketing equipments to make light emitting diodes (LEDs), hard-disk drives, as well as for emerging applications, was upgraded to outperform from neutral at Credit Suisse increasing its price target to $50.00 from $30.00, indicating an upside of 25.8% from current levels. The rating firm foresees an improved outlook for orders due to higher margins and yields for LED manufacturers.
Needham & Co upgraded Itron Inc (NASDAQ: ITRI), a technology company and one of the suppliers of a broad range of standard, advanced, and smart meters and meter communication systems, to buy from hold with a price target of $45.00, indicating an upside of 14.8% from current levels. The rating firm believes that the ITRI is poised to enter into a positive territory during 2014 as the solid core business growth becomes more prominent. Further, healthy EPS growth should be driven by expanding margins and also by completion of the company’s buyback.
Roth Capital Partners initiated coverage on Rally Software Development Corp (NYSE: RALY), a global provider of cloud-based solutions for managing Agile software development, with a buy rating assigning a 12-month price target of $33.00, indicating an upside of 42.2% from current levels.
Sidoti & Company LLC downgraded AMCOL International Corp (NYSE: ACO), engaged in the development and application of minerals and technology products and services to various industrial and consumer markets, to neutral from buy lowering its price target to $41.00 from $43.00, indicating a downside of 0.6% from current levels.
