| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Linamar Corp | TSX | LNR | 49.30 | 7 | Upgrade to sector outperform from sector perform | Todd Coupland | CIBC World Markets | 60.00 | 21.7% |
| Avigilon Corp | TSX | AVO | 32.38 | 10 | Upgrade to outperform from market perform | Steven Li | Raymond James | 35.00 | 8.1% |
| Allied Properties Real Estate Investment Trust | TSX | AP-U | 33.55 | 11 | Upgrade to outperform from sector perform | Matt Kornack | National Bank Financial | 36.50 | 8.8% |
| Tamarack Valley Energy Ltd | TSXV | TVE | 5.20 | 11 | Initiate with outperform | Ray Kwan | Macquarie | 6.50 | 25.0% |
| Lightstream Resources Ltd | TSX | LTS | 5.67 | 19 | Downgrade to underperform from market perform | Cody R Kwong | FirstEnergy Capital Corp | 5.50 | -3.0% |
CIBC World Markets upgraded Linamar Corp (TSX: LNR), a diversified global manufacturing company of engineered products, to sector outperform from sector perform increasing its price target to C$60.00 from C$42.00, indicating an upside of 21.7% from current levels. Recently, LNR reported record 2013 earnings results. During 2013, revenues grew 11.6% to C$3.6 billion over 2012, while earnings grew 57.3% to C$229.8 million or C$3.55 over previous year. Also, LNR increased its fourth quarter dividend by 25% to C$0.10 payable on April 16, 2014 to shareholders of record on April 2, 2014.
Avigilon Corp (TSX: AVO), a Canada-based company engaged in design, manufacturing and marketing of high-definition (HD) and megapixel (MP) network-based video surveillance systems and equipment for the global security market, was upgraded to outperform from market perform at Raymond James raising its price target to C$35.00 from C$22.50, indicating an upside of 8.1% from current levels. For full year 2013, AVO recently reported that its sales increased 78% to C$178.3 million over 2012, while net income rose to C$21.6 million from net income of C$7.2 million in 2012.
National Bank Financial upgraded Allied Properties Real Estate Investment Trust (TSX: AP-U), a closed-end real estate investment trust, to outperform from sector perform increasing its price target to C$36.50 from C$35.00, indicating an upside of 8.8% from current levels. Recently, AP-U announced results for its fourth quarter and year ended December 31, 2013. During 2013, the FFO and AFFO per unit of the company grew 8% and 16% respectively, while net income increased 26.7% to C$118.2 million over last year.
Macquarie initiated Tamarack Valley Energy Ltd (TSXV: TVE), a junior oil and gas exploration and production company focused on the Western Canada sedimentary basin, with an outperform rating assigning a 12-month price target of C$6.50, indicating an upside of 25% from current levels.
FirstEnergy Capital Corp downgraded Lightstream Resources Ltd (TSX: LTS), a light oil-focused exploration and production company, to underperform from market perform lowering its price target to C$5.50 from C$5.75, indicating a downside of 3% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| NuStar Energy LP | NYSE | NS | 51.45 | 14 | Upgrade to overweight from neutral | Jeremy Tonet | JPMorgan | 60.00 | 16.6% |
| AVG Technologies NV | NYSE | AVG | 20.58 | 6 | Upgrade to market outperform from market perform | Patrick Walravens | JMP Securities | 28.00 | 36.1% |
| Navios Maritime Holdings Inc | NYSE | NM | 10.89 | 7 | Upgrade to buy from hold | Benjamin J Nolan | Stifel | 14.00 | 28.6% |
| Energen Corp | NYSE | EGN | 82.22 | 19 | Initiate with buy | Ronald J Barone | Maxim Group LLC | 94.00 | 14.3% |
| Rockwood Holdings Inc | NYSE | ROC | 79.81 | 8 | Downgrade to neutral from outperform | Cooley May | Macquarie | 83.00 | 4.0% |
JPMorgan upgraded NuStar Energy LP (NYSE: NS), engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia, and petroleum refining and marketing, to overweight from neutral increasing its price target to $60.00 from $51.00, indicating an upside of 16.6% from current levels. Recently, NS entered into a long term agreement with two oil companies for the storage of light crude oil at its St. Eustatius terminal in the Caribbean and Pt. Tupper terminal in Nova Scotia.
AVG Technologies NV (NYSE: AVG), engaged in the development and sale of Internet security software and online service solutions branded under the AVG name, was upgraded to market outperform from market perform at JMP Securities with a price target of $28.00, indicating an upside of 36.1% from current levels.
Stifel upgraded Navios Maritime Holdings Inc (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company operating numerous businesses focused on the transport and transshipment of drybulk commodities, to buy from hold with a price target of $14.00, indicating an upside of 28.6% from current levels.
Maxim Group LLC initiated coverage on Energen Corp (NYSE: EGN), a diversified energy holding company engaged in the development, acquisition, exploration and production of oil, natural gas and natural gas liquids, with a buy rating assigning a 12-month price target of $94.00, indicating an upside of 14.3% from current levels.
Macquarie downgraded Rockwood Holdings Inc (NYSE: ROC), a developer, manufacturer and marketer of specialty chemicals and advanced materials used for industrial and commercial purposes, to neutral from outperform with a price target of $83.00, indicating an upside of 4% from current levels.
