Notable Analyst Upgrades and Downgrades (NYSE: NS) (TSX: SVL)

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The following stocks were upgraded/downgraded on March 14, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Silvercrest Mines Inc TSX SVL 2.66 8 Upgrade to outperform from market perform Chris Thompson Raymond James 3.25 22.2%
Quebecor Inc TSX QBR/B  25.29 17 Upgrade to buy from hold Maher Yaghi Desjardins Securities 29.00 14.7%
Oryx Petroleum Corp Ltd TSX OXC  14.54 11 Initiate with speculative buy Shahin Amini TD Securities 19.00 30.7%
WPT Industrial Real Estate Investment Trust TSX WIR/U  9.47 5 Initiate with outperform Troy Maclean BMO Capital Markets 10.50 10.9%
Kirkland Lake Gold Inc TSX KGI  4.51 10 Downgrade to sell from hold Adam Melnyk Desjardins Securities 3.50 -22.4%

Raymond James upgraded Silvercrest Mines Inc (TSX: SVL), engaged in the acquisition, exploration and development of mineral properties, to outperform from market perform increasing its price target to C$3.25 from C$2.30, indicating an upside of 22.2% from current levels.

Quebecor Inc (TSX: QBR/B), a media company engaged in cable and mobile telecommunications and publishing print media products, was upgraded to buy from hold at Desjardins Securities with a price target of C$29.00, indicating an upside of 14.7% from current levels.

TD Securities initiated coverage on Oryx Petroleum Corp Ltd (TSX: OXC), an international oil exploration company, with a speculative buy assigning a 12-month price target of C$19.00, indicating an upside of 30.7% from current levels.

Coverage on WPT Industrial Real Estate Investment Trust (TSX: WIR/U), an open-ended real estate investment trust with a particular focus on warehouse and distribution real estate, was initiated with outperform rating at BMO Capital Markets  with a price target of C$10.50, indicating an upside of 10.9% from current levels.

Desjardins Securities downgraded Kirkland Lake Gold Inc (TSX: KGI), a Canada-based gold mining company, to sell from hold with a price target of C$3.50, indicating a downside of 22.4% from current levels.

The following stocks were upgraded/downgraded on March 14, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
NuStar Energy LP NYSE NS  53.89 14 Upgrade to buy/attractive from neutral/attractive Steven Sherowski Goldman Sachs 62.00 15.0%
Staar Surgical Co NASDAQ STAA  15.37 6 Upgrade to buy from hold Jason R Mills Canaccord Genuity Corp 20.00 30.1%
Ashford Hospitality Trust Inc NYSE AHT  10.77 15 Upgrade to market outperform Robert A Lafleur JMP Securities 14.00 30.0%
WidePoint Corp NYSE WYY  1.61 3 Initiate with buy Michael Crawford B Riley & Co 2.80 73.9%
United States Steel Corp NYSE 24.05 23 Downgrade to underperform from neutral Nathan Littlewood Credit Suisse 19.00 -21.0%

Goldman Sachs 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 buy/attractive from neutral/attractive increasing its price target of $62.00 from $49.00, indicating an upside of 15% from current levels.

Staar Surgical Co (NASDAQ: STAA), engaged in designing, developing, manufacturing and selling implantable lenses for the eye, was upgraded to buy from hold at Canaccord Genuity Corp raising its price target to $20.00 from $14.00, indicating an upside of 30.1% from current levels.

JMP Securities upgraded Ashford Hospitality Trust Inc (NYSE: AHT), a self-administered real estate investment trust (REIT) focused on investing in the hospitality industry, to market outperform with a price target of $14.00, indicating an upside of 30% from current levels.

B Riley & Co initiated coverage on WidePoint Corp (NYSE: WYY), a provider of customized technology-based products and solutions to both the government sector and commercial markets, with a buy rating assigning a 12-month price target of $2.80, indicating an upside of 73.9% from current levels.

Credit Suisse downgraded United States Steel Corp (NYSE: X), an integrated steel producer of flat-rolled and tubular products, to underperform from neutral with a price target of $19.00, indicating a downside of 21% from current levels.

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