| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Medical Facilities Corp | TSX | DR | 19.51 | 5 | Upgrade to buy from hold | Lennox Gibbs | TD Securities | 21.00 | 7.6% |
| CWC Well Services Corp | TSXV | CWC | 0.89 | 3 | Downgrade to sector perform from outperform | Jason Sawatzky | Alta Corp Capital Inc. | 1.05 | 18.0% |
| Newalta Corp | TSX | NAL | 19.37 | 10 | Downgrade to sector perform from sector outperform | David Noseworthy | CIBC World Markets | 20.00 | 3.3% |
| InnVest Real Estate Investment Trust | TSX | INN-U | 5.18 | 6 | Downgrade to sector perform from outperform | Neil Downey | RBC Capital Markets | 5.50 | 6.2% |
TD Securities upgraded Medical Facilities Corp (TSX: DR), which owns a majority interest in each of four specialty surgical hospitals (SSHs) as well as a majority interest in one ambulatory surgery center (ASC), to buy from hold increasing its price target to C$21.00 from C$15.00, indicating an upside of 7.6% from current levels. DR recently reported that its fourth quarter 2013 revenues grew 24.7% to C$89.6 million over the same period last year, while revenues for full year 2013 were up 29.2% over the last year. Income from operations for the quarter and full year were up 28.1% & 15.7% respectively over the corresponding period last year.
Alta Corp Capital Inc. downgraded CWC Well Services Corp (TSXV: CWC), a Canada-based oilfield services company providing production services to oil and gas exploration and development companies, to sector perform from outperform with a price target of C$1.05, indicating an upside of 18% from current levels.
Newalta Corp (TSX: NAL), engaged in recycling and recovering saleable products from industrial wastes through a network of facilities, was downgraded to sector perform from sector outperform at CIBC World Markets with a price target of C$20.00, indicating an upside of 3.3% from current levels.
RBC Capital Markets downgraded InnVest Real Estate Investment Trust (TSX: INN-U), an unincorporated open-ended real estate investment trust (REIT), to sector perform from outperform with a price target of C$5.50, indicating an upside of 6.2% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Stratasys Ltd | NASDAQ | SSYS | 106.45 | 22 | Upgrade to overweight from neutral | Paul T Coster | JPMorgan | 125.00 | 17.4% |
| JDS Uniphase Corp | NASDAQ | JDSU | 14.62 | 17 | Upgrade to buy from neutral | Michael Genovese | MKM Partners | 18.00 | 23.2% |
| Schnitzer Steel Industries Inc | NASDAQ | SCHN | 28.78 | 10 | Initiate with buy | Thomas Van Buskirk | Sidoti & Company LLC | 35.00 | 21.6% |
| Spectranetics Corp | NASDAQ | SPNC | 29.80 | 10 | Initiate with buy | Michael S Matson | Needham & Co | 35.00 | 17.4% |
| Exelis Inc | NYSE | XLS | 19.70 | 8 | Downgrade to hold from buy | Howard A Rubel | Jefferies | 20.00 | 1.5% |
JPMorgan upgraded Stratasys Ltd (NASDAQ: SSYS), engaged in manufacturing three-dimensional printers, to overweight from neutral with a price target of $125.00, indicating an upside of 17.4% from current levels.
JDS Uniphase Corp (NASDAQ: JDSU), a provider of communications test and measurement solutions and optical products, was upgraded to buy from neutral at MKM Partners raising its price target to $18.00 from $15.00, indicating an upside of 23.2% from current levels. The rating firm believes that increase in the global carrier capex environment and positive product-mix trends will yield higher margins for the company. Analyst Michael Genovese notes that company’s TDD-LTE drive test and base station analyzers in addition to 100G optical components appears positive for capex growth at China Mobile.
Sidoti & Company LLC initiated coverage Schnitzer Steel Industries Inc (NAASDAQ: SCHN), a recycler of ferrous and nonferrous scrap metal, with a buy rating assigning a 12-month price target of $35.00, indicating an upside of 21.6% from current levels. The company is scheduled to report its second quarter earnings for fiscal 2014 on April 3, 2014.
Coverage on Spectranetics Corp (NASDAQ: SPNC), engaged in developing, manufacturing, marketing and distributing single-use medical devices used in minimally invasive procedures within the cardiovascular system, was initiated with buy at Needham & Co with a 12-month price target of $35.00, indicating an upside of 17.4% from current levels.
Jefferies downgraded Exelis Inc (NYSE: XLS), engaged in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) related products and systems and information and technical services, to hold from buy with a price target of $20.00, indicating an upside of 1.5% from current levels.
