| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Asanko Gold Inc | TSX | AKG | 2.25 | 7 | Upgrade to outperform from sector perform | Jonathan Guy | RBC Capital Markets | 3.20 | 42.2% |
| Alacer Gold Corp | TSX | ASR | 2.89 | 9 | Initiate with sector outperform | Cosmos Chiu | CIBC World Markets | 4.00 | 38.4% |
| Petroamerica Oil Corp | TSXV | PTA | 0.31 | 7 | Initiate with buy | Ian W Macqueen | Paradigm Capital Inc | 0.50 | 61.3% |
| Killam Properties Inc | TSX | KMP | 10.77 | 11 | Downgrade to market perform from outperform | Heather C Kirk | BMO Capital Markets | 11.75 | 9.1% |
| Osisko Mining Corp | TSX | OSK | 6.84 | 15 | Downgrade to hold from buy | Daniel Earle | TD Securities | 7.25 | 6.0% |
RBC Capital Markets upgraded Asanko Gold Inc (TSX: AKG), a natural resource company engaged in the acquisition and exploration of mineral resources, to outperform from sector perform raising its price target to C$3.20 from the earlier target of C$2.50, indicating an upside of 42.2% from current levels.
CIBC World Markets initiated coverage on Alacer Gold Corp (TSX: ASR), an explorer and producer of gold, with sector outperform assigning a 12-month price target of C$4.00, indicating an upside of 38.4% from current levels.
Coverage on Petroamerica Oil Corp (TSXV: PTA), engaged in hydrocarbon exploration, production and development activities, was initiated at Paradigm Capital Inc with a buy rating assigning a 12-month price target of C$0.50, indicating an upside of 61.3% from current levels.
BMO Capital Markets downgraded Killam Properties Inc (TSX: KMP), a Canada-based residential landlord engaged in owning, operating, managing and developing multi-family residential and Manufactured Home Community (MHC) properties, to market perform from outperform lowering its price target to C$11.75 from C$12.50, indicating an upside of 9.1% from current levels.
Osisko Mining Corp (TSX: OSK), engaged in the business of acquiring, exploring, developing and operating gold properties, was downgraded to hold from buy at TD Securities with a price target of C$7.25, indicating an upside of 6% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Cabot Microelectronics Corp | NASDAQ | CCMP | 42.49 | 7 | Upgrade to buy from neutral | Avinash Kant | D.A. Davidson & Co | 50.00 | 17.7% |
| CVB Financial Corp | NASDAQ | CVBF | 14.84 | 10 | Upgrade to outperform from market perform | Timothy Coffey | FIG Partners LLC | 18.00 | 21.3% |
| Ashford Hospitality Trust Inc | NYSE | AHT | 10.54 | 13 | Upgrade to outperform from neutral | David Loeb | Robert W. Baird & Co | 12.00 | 13.9% |
| Atlas Resource Partners LP | NYSE | ARP | 20.76 | 10 | Initiate with outperform | John Ragozzino | RBC Capital Markets | 26.00 | 25.2% |
| Valspar Corp/The | NYSE | VAL | 73.18 | 15 | Downgrade to equalweight from overweight | Steven Schwartz | First Analysis Corp | 82.00 | 12.1% |
D.A. Davidson & Co upgraded Cabot Microelectronics Corp (NASDAQ: CCMP), a supplier of polishing slurries and a CMP pad supplier used in the manufacture of advanced integrated circuit (IC) devices, to buy from neutral raising its price target to $50.00 from $47.00, indicating an upside of 17.7% from current levels. The rating firm upgraded the stock citing CCMP as an attractive takeover target.
CVB Financial Corp (NASDAQ: CVBF), a bank holding company of Citizens Business Bank, was upgraded to outperform from market perform at FIG Partners LLC with a price target of $18.00, indicating an upside of 21.3% from current levels. Recently, CVBF announced a stock purchase agreement worth $57.0 million with American Security Bank, the principal subsidiary of America Bancshares, Inc., pursuant to which American Security Bank will be sold and merged with Citizens Business Bank (CBB).
Robert W. Baird & Co upgraded Ashford Hospitality Trust Inc (NYSE: AHT), a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry, to outperform from neutral raising its price target to $12.00 from $9.39, indicating an upside of 13.9% from current levels.
RBC Capital Markets initiated coverage on Atlas Resource Partners LP (NYSE: ARP), an independent developer and producer of natural gas, crude oil and natural gas liquids (NGL), with an outperform rating assigning a 12-month price target of $26.00, indicating an upside of 25.2% from current levels. Recently, ARP announced plans to acquire approximately 70 Bcfe of natural gas proved reserves from GeoMet Inc. (OTCQB: GMET) for $107 million, with effective from January 1, 2014.
First Analysis Corp downgraded Valspar Corp (NYSE: VAL), an independent developer and producer of natural gas, crude oil and natural gas liquids (NGL), to equal-weight from overweight with a target of $82.00, indicating an upside of 12.1% from current levels.
