| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Petrobank Energy & Resources Ltd | TSX | PBG | 0.43 | 4 | Upgrade to outperform from underperform | Michael Dunn | FirstEnergy Capital Corp | 0.90 | 111.8% |
| Detour Gold Corp | TSX | DGC | 9.87 | 17 | Re-initiate with outperform | Michael Siperco | Macquarie | 16.00 | 62.1% |
| Enghouse Systems Ltd | TSX | ESL | 34.60 | 6 | Initiate with buy | Ralph Garcea | Global Maxfin Capital Inc | 42.00 | 21.4% |
| Flyht Aerospace Solutions Ltd | TSXV | FLY | 0.70 | 3 | Initiate with speculative buy | Naser Iqbal | Salman Partners | 0.85 | 21.4% |
| Northern Property Real Estate Investment Trust | TSX | NPR-U | 28.35 | 9 | Downgrade to sector perform from sector outperform | Mario Saric | Scotia Capital | 31.75 | 12.0% |
FirstEnergy Capital Corp upgraded Petrobank Energy & Resources Ltd (TSX: PBG), an explorer and developer of oil and natural gas, to outperform from underperform increasing its price target to C$0.90 from C$0.29, indicating an upside of 111.8% from current levels. Recently, PBG announced a merger agreement with Touchstone Exploration Inc. (TSXV: TAB) to create an oil focused company with high growth potential. According to the deal, all shares of Touchstone will be exchanged for shares of PBG based on an exchange ratio of 0.47:1.
Macquarie re-initiated coverage on Detour Gold Corp (TSX: DGC), a Canadian gold exploration and development company, with an outperform rating assigning a 12-month price target of C$16.00, indicating an upside of 62.1% from current levels. For the fourth quarter 2013 earnings, DGC reported that it produced 81,877 ounces of gold and revenues from sales of gold stood at C$120.5 million at an average realized price of $1,269 per gold ounce sold.
Coverage on Enghouse Systems Ltd (TSX: ESL), engaged in the development of enterprise software solutions for a variety of vertical markets, was initiated with a buy rating at Global Maxfin Capital Inc with a price target of C$42.00, indicating an upside of 21.4% from current levels.
Analyst Naser Iqbal at Salman Partners initiated coverage on Flyht Aerospace Solutions Ltd (TSXV: FLY), a designer, developer and service provider to the global aerospace industry, with a speculative buy rating assigning a 12-month price target of C$0.85, indicating an upside of 21.4% from current levels.
Scotia Capital downgraded Northern Property Real Estate Investment Trust (TSX: NPR-U), an unincorporated real estate investment trust that invests in a portfolio of residential income-producing properties, to sector perform from sector outperform with a price target of C$31.75, indicating an upside of 12% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| United States Steel Corp | NYSE | X | 24.50 | 23 | Upgrade to buy from neutral | Curtis Woodworth | Nomura | 32.00 | 30.6% |
| Alon USA Energy Inc | NYSE | ALJ | 15.31 | 9 | Upgrade to outperform from neutral | Edward Westlake | Credit Suisse | 19.00 | 24.1% |
| IAC/InterActiveCorp | NASDAQ | IACI | 76.48 | 19 | Upgrade to outperform from market perform | John Blackledge | Cowen and Company | 92.00 | 20.3% |
| Infoblox Inc | NYSE | BLOX | 23.00 | 14 | Initiate with overweight | Troy D Jensen | Piper Jaffray | 30.00 | 30.4% |
| athenahealth Inc | NASDAQ | ATHN | 183.04 | 24 | Downgrade to underperform from market perform | Bret D Jones | Oppenheimer & Co | 140.00 | -23.5% |
Nomura upgraded United States Steel Corp (NYSE: X), an integrated steel producer of flat-rolled and tubular products, to buy from neutral increasing its price target to $32.00 from $27.00, indicating an upside of 30.6% from current levels. The rating firm believes that X has strong opportunity in the commercial, financial, and operating functions of the business and has strong potential to generate significant free cash flow in the coming years.
Alon USA Energy Inc (NYSE: ALJ), an independent refiner and marketer of petroleum products, was upgraded to outperform from neutral at Credit Suisse raising its price target to $19.00 from $16.00, indicating an upside of 24.1% from current levels. The rating firm believes that after the improved West Coast logistics in Bakersfield, Calif., ALJ has strong opportunity to improve its ability to increase the crude-by-rail off-take.
Cowen and Company upgraded IAC/InterActiveCorp (NASDAQ: IACI), a media and Internet company consisting more than 150 brands and products, to outperform from market perform with a price target of $92.00, indicating an upside of 20.3% from current levels. The rating firm upgraded the stock on both strategic and fundamental catalysts. The rating firm notes that IACI’s Match.com and OKCupid are expected to drive growth for the company.
Piper Jaffray initiated coverage on Infoblox Inc (NYSE: BLOX), an automated internet network controller, with an overweight rating assigning a 12-month price target of $30.00, indicating an upside of 30.4% from current levels.
Oppenheimer & Co downgraded athenahealth Inc (NASDAQ: ATHN), a business services company providing ongoing billing, clinical-related, and other related services to its customers, to underperform from market perform with a price target of $140.00, indicating a downside of 23.5% from current levels.
