| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Canexus Corp | TSX | CUS | 5.88 | 7 | Upgrade to hold from reduce | Brian D Pow | Acumen Capital Finance | 6.50 | 10.5% |
| Pan American Silver Corp | TSX | PAA | 16.84 | 14 | Upgrade to buy from hold | Daniel Earle | TD Securities | 21.00 | 24.7% |
| Castle Mountain Mining Co Ltd | TSXV | CMM | 0.90 | 7 | Initiate with speculative outperform | Andrew Kaip | BMO Capital Markets | 1.30 | 44.4% |
| Morguard Real Estate Investment Trust | TSX | MRT-U | 16.60 | 6 | Initiate with buy | Nelson Mah | Laurentian Bank Securities | 18.25 | 9.9% |
| Western Forest Products Inc | TSX | WEF | 2.66 | 7 | Downgrade to sector perform from sector outperform | Mark Kennedy | CIBC World Markets | 3.00 | 12.8% |
Acumen Capital Finance upgraded Canexus Corp (TSX: CUS), engaged in the manufacture of chemical products, to hold from reduce increasing its price target to C$6.50 from C$6.20, indicating an upside of 10.5% from current levels.
Pan American Silver Corp (TSX: PAA), engaged in the operation and development of, and exploration for, silver producing properties and assets, was upgraded to buy from hold at TD Securities increasing its price target to C$21.00 from C$15.53, indicating an upside of 24.7% from current levels. The rating upgraded the stock on attractive valuations and foresees improved fundamentals for the company.
BMO Capital Markets initiated coverage on Castle Mountain Mining Co Ltd (TSXV: CMM), a Canada-based development-stage company engaged in exploring and developing base and precious metal mineral properties, with a speculative outperform rating assigning a 12-month price target of C$1.30, indicating an upside of 44.4% from current levels.
Coverage on Morguard Real Estate Investment Trust (TSX: MRT-U), an unincorporated close-ended real estate investment trust, was initiated at Laurentian Bank Securities with buy with a 12-month price target of $18.25, indicating an upside of 9.9% from current levels.
CIBC World Markets downgraded Western Forest Products Inc (TSX: WEF), engaged in the insurance businesses, a freight rail transportation business and a group of utility, and energy generation and distribution businesses, to sector perform from sector outperform with a price target of C$3.00, indicating an upside of 12.8% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| PDC Energy Inc | NASDAQ | PDCE | 59.16 | 22 | Upgrade to buy from neutral | Curtis R Trimble | Global Hunter Securities | 78.00 | 31.8% |
| EV Energy Partner LP | NASDAQ | EVEP | 35.13 | 12 | Upgrade to buy from hold | Abhishek Sinha | Wunderlich Securities | 40.00 | 13.9% |
| UTi Worldwide Inc | NASDAQ | UTIW | 15.40 | 15 | Upgrade to outperform from sector perform | John L Barnes Iii | RBC Capital Markets | 22.00 | 42.9% |
| Mattson Technology Inc | NASDAQ | MTSN | 2.64 | 6 | Initiate with outperform | Timothy M Arcuri | Cowen and Company | 4.00 | 51.5% |
| Insulet Corp | NASDAQ | PODD | 44.97 | 16 | Downgrade to sell from hold | Ben C Haynor | Feltl & Company | 33.00 | -26.6% |
Global Hunter Securities upgraded PDC Energy Inc (NASDAQ: PDCE), a domestic independent exploration and production company, which acquires, develops, explores, and produces natural gas, natural gas liquids (NGLs), and crude oil, to buy from neutral increasing its priced target to $78.00 from $72.00, indicating an upside of 31.8% from current levels. The rating firm upgraded PDCE on stronger than expected third quarter 2013 oil production and continued strong performance.
EV Energy Partner LP (NASDAQ: EVEP), engaged in the acquisition, development and production of oil and natural gas properties, was upgraded to buy from hold at Wunderlich Securities raising its price target to $40.00 from $39.00, indicating an upside of 13.9% from current levels. The rating firm believes that EVEP will be benefitted with the improving infrastructure in the Utica, providing a greater visibility towards production increase in the Basin and is expected to potentially benefit EVEP’s monetization plans at its Utica’s assets.
RBC Capital Markets upgraded UTi Worldwide Inc (NASDAQ: UTIW), an international, non-asset-based supply chain services and solutions company, to outperform from sector perform increasing its price target to $22.00 from $15.00, indicating an upside of 42.9% from current levels.
Cowen and Company initiated coverage on Mattson Technology Inc (NASDAQ: MTSN), engaged in designing, manufacturing, marketing, and supporting semiconductor wafer processing equipment used in the fabrication of integrated circuits (ICs), with an outperform rating assigning a 12-month price target of $4.00, indicating an upside of 51.5% from current levels.
Feltl & Company downgraded Insulet Corp (NASDAQ: PODD), primarily engaged in the development, manufacturing and sale of its OmniPod Insulin Management System, to sell from hold with a price target of $33.00, indicating a downside of 26.6% from current levels.
