| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Labrador Iron Ore Royalty Corp | TSX | LIF | 30.73 | 9 | Upgrade to buy from hold | Harriet Li | Accountability Research Corp | 33.50 | 9.0% |
| Sprott Resource Corp | TSX | SCP | 2.49 | 4 | Upgrade to buy from hold | Anoop Prihar | GMP | 2.95 | 18.5% |
| Bonterra Energy Corp | TSX | BNE | 54.86 | 14 | Initiate with buy | Alan Knowles | Haywood Securities Inc. | 66.00 | 20.3% |
| Spartan Energy Corp | TSXV | SPE | 3.53 | 6 | Initiate with buy | Daniel Choi | Clarus Securities | 4.50 | 27.5% |
| Osisko Mining Corp | TSX | OSK | 7.22 | 14 | Downgrade to neutral from buy | Joe Fazzini | Dundee Securities Corp | 7.50 | 3.9% |
Accountability Research Corp upgraded Labrador Iron Ore Royalty Corp (TSX: LIF), a holder of 15.10% equity interest in Iron Ore Company of Canada (IOC) directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited, receiving a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC, to buy from hold, maintaining the price target at C$33.50, an upside of 9.0% from current levels.
Sprott Resource Corp (TSX: SCP), a Canada-based company that invests and operates through its subsidiaries in the natural resource sector, was upgraded at GMP to buy from hold. However, the target price was reduced to C$2.95 from C$3.00, an upside of 18.5% from current levels.
Haywood Securities Inc. initiated coverage on Bonterra Energy Corp (TSX: BNE), an oil and gas company with oil and natural gas properties in the Provinces of Alberta, British Columbia and Saskatchewan, with buy assigning a 12-month price target of C$66.00, an upside of 20.3% from current levels.
Clarus Securities initiated coverage on Spartan Energy Corp (TSXV: SPE), an oil and gas company with oil and natural gas properties in the Provinces of Alberta, British Columbia and Saskatchewan, with buy assigning a 12-month price target of C$4.50, an upside of 27.5% from current levels.
Osisko Mining Corp (TSX: OSK), engaged in the business of acquiring, exploring, developing and operating gold properties, with interests substantially in Canada was downgraded at Dundee Securities Corp to neutral from buy, reducing the price target to C$7.50 from C$8.25, an upside of 3.9% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| ServiceNow Inc | NYSE | NOW | 54.68 | 22 | Upgrade to overweight from equal weight | Stewart Kirk Materne III | Evercore Partners | 68.00 | 24.4% |
| Artisan Partners Asset Management Inc | NYSE | APAM | 63.34 | 8 | Upgrade to outperform from market perform | Robert A Lee | Keefe, Bruyette & Woods | 73.00 | 15.3% |
| Nimble Storage Inc | NYSE | NMBL | 33.76 | 14 | Initiate with overweight | Andrew J Nowinski | Piper Jaffray | 50.00 | 48.1% |
| Stillwater Mining Co | NYSE | SWC | 15.42 | 7 | Initiate with buy | Garrett S. Nelson | BB&T Capital Markets | 18.00 | 16.7% |
| Vivus Inc | NASDAQ | VVUS | 5.80 | 13 | Downgrade to underweight from neutral | Dr Charles C Duncan | Piper Jaffray | 3.00 | -48.3% |
Evercore Partners upgraded ServiceNow Inc (NYSE NOW), a provider of cloud-based services to automate enterprise information technology operations, to overweight from equal weight, raising the price target to $68.00 from $60.00, an upside of 24.4% from current levels.
Artisan Partners Asset Management Inc (NYSE APAM), an independent investment management company that provides a range of 12 equity investment strategies spanning different market capitalization segments and investing styles in both U.S. and non-U.S. markets, was upgraded at Keefe, Bruyette & Woods, to outperform from market perform, raising the price target to $73.00 from $68.00, an upside of 15.3% from current levels.
Piper Jaffray initiated coverage on Nimble Storage Inc (NYSE NMBL), a provider of data storage platform, with overweight, assigning a 12-month price target of $50.00, an upside of 48.1% from current levels. On Feb 27, 2014, NMBL announced fourth quarter and full year results. Revenues rose 107% y-o-y to $41.7 million for the fourth quarter of 2014 and 134% y-o-y to $125.7 million for full year 2014.
Meanwhile, the rating firm downgraded Vivus Inc (NASDAQ: VVUS), a biopharmaceutical company focused on commercializing and developing therapies to address unmet needs in obesity, sleep apnea, diabetes and sexual health, to underweight from neutral, reducing the price target to $3.00 from $8.00, a downside of 48.3% from current levels.
BB&T Capital Markets initiated coverage on Stillwater Mining Co (NYSE SWC), a provider of data storage platform, with buy assigning a 12-month price target of $18.00, an upside of 16.7% from current levels.
