| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Southern Pacific Resource Corp | TSX | STP | 0.33 | 7 | Upgrade to outperform from market perform | Chris Cox | Raymond James | 0.50 | 53.8% |
| Sprott Resource Corp | TSX | SCP | 2.51 | 4 | Upgrade to buy from hold | Carey Macrury | TD Securities | 3.75 | 49.4% |
| Glentel Inc | TSX | GLN | 12.55 | 5 | Upgrade to buy from hold | Robert Goff | Euro Pacific Canada Inc | 16.00 | 27.5% |
| Pine Cliff Energy Ltd | TSXV | PNE | 1.46 | 8 | Initiate with buy | Anthony Petrucci | Canaccord Genuity Corp | 2.25 | 54.1% |
| AGF Management Ltd | TSX | AGF/B | 12.51 | 10 | Downgrade to underperform from sector perform | Geoffrey Kwan | RBC Capital Markets | 12.00 | -4.1% |
Raymond James upgraded Southern Pacific Resource Corp (TSX: STP), engaged in the acquisition and development of heavy oil and bitumen producing properties, with a focus on thermal extraction in-situ oil sands projects, to outperform from market perform raising its price target to C$0.50 from C$0.30, indicating an upside of 53.8% from current levels. The rating firm cites STP as a takeover target.
Sprott Resource Corp (TSX: SCP), a Canada-based company that invests and operates through its subsidiaries in the natural resource sector, was upgraded to buy from hold at TD Securities with a price target of C$3.75, indicating an upside of 49.4% from current levels.
Euro Pacific Canada Inc upgraded Glentel Inc (TSX: GLN), engaged in offering wireless telecommunications services and products, to buy from hold with a price target of C$16.00, indicating an upside of 27.5% from current levels.
Canaccord Genuity Corp initiated coverage on Pine Cliff Energy Ltd (TSXV: PNE), a Canada-based company engaged in the business of oil and natural gas exploration, development and production, with a buy rating assigning a 12-month price target of C$2.25, indicating an upside of 24.1% from current levels.
RBC Capital Markets downgraded AGF Management Ltd (TSX: AGF/B), an integrated, global wealth management company, to underperform from sector perform with a price target of C$12.00, indicating a downside of 4.1% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Federated Investors Inc | NYSE | FII | 30.84 | 12 | Upgrade to neutral from underperform | Jason Weyeneth | Sterne, Agee & Leach | 35.00 | 13.5% |
| ANSYS Inc | NASDAQ | ANSS | 75.69 | 12 | Upgrade to outperform from neutral | Steven R Koenig | Wedbush | 88.00 | 16.3% |
| InvenSense Inc | NYSE | INVN | 22.55 | 14 | upgrade to buy from neutral | Krishna Shankar | Roth Capital Partners | 26.00 | 15.3% |
| RingCentral Inc | NYSE | RNG | 17.91 | 8 | Initiate with outperform | Brad A Zelnick | Macquarie | 24.00 | 34.0% |
| Ceco Environmental Corp | NASDAQ | CECE | 15.85 | 8 | Downgrade to market perform from outperform | Ajay K Kejriwal | FBR Capital Markets | 17.00 | 7.3% |
Sterne, Agee & Leach upgraded Federated Investors Inc (NYSE: FII), a provider of investment management products and related financial services, to neutral from underperform increasing its price target to $35.00 from $27.00, indicating an upside of 13.5% from current levels. The rating firm believes that growth headwinds for the company will end soon.
ANSYS Inc (NASDAQ: ANSS), engaged in developing and marketing engineering simulation software and services, was upgraded to outperform from neutral at Wedbush raising its price target to $88.00 from $86.00, indicating an upside of 16.3% from current levels. The rating firm believes that ANSS is well-positioned with improving software demand environment in North America and Europe. The rating firm notes that the recent pullback in share price provides a rare opportunity to own this competitively advantaged and highly profitable company at reasonable multiples.
Roth Capital Partners upgraded InvenSense Inc (NYSE: INVN), engaged in devices for the motion interface market that detect and track an object’s motion in three-dimensional space, to buy from neutral increasing its price target to $26.00 from $18.00, indicating an upside of 15.3% from current levels.
Macquarie initiated coverage on RingCentral Inc (NYSE: RNG), a provider of software-as-a-service (SaaS) solutions for business communications, with an outperform rating assigning a 12-month price target of $24.00, indicating an upside of 34% from current levels.
FBR Capital Markets downgraded Ceco Environmental Corp (NASDAQ: CECE), a provider of global air pollution control technology, to market perform from outperform with a price target of $17.00, indicating an upside of 7.3% from current levels.
