| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| North American Palladium Ltd | TSX | PDL | 0.45 | 9 | Upgrade to sector perform from sector underperform | Leon Esterhuizen | CIBC World Markets | 0.60 | 34.8% |
| TMX Group Ltd | TSX | X | 54.28 | 8 | Upgrade to sector perform from underperform | Shubha Rahman Khan | National Bank Financial | 56.00 | 3.2% |
| Imperial Metals Corp | TSX | III | 14.14 | 11 | Upgrade to buy from hold | Raymond Goldie | Salman Partners | 19.10 | 35.1% |
| Pinecrest Energy Inc | TSXV | PRY | 0.19 | 9 | Upgrade to speculative buy from market perform | Todd Kepler | Cormark Securities Inc. | 0.30 | 62.2% |
| Endeavour Mining Corp | TSX | EDV | 0.75 | 6 | Initiate with buy | John McClintock | Pareto Securities | 1.15 | 53.3% |
CIBC World Markets upgraded North American Palladium Ltd (TSX: PDL), a precious metals producer engaged in exploring and mining palladium, platinum, gold and certain base metals, to sector perform from sector underperform increasing its price target to C$0.60 from C$0.50, indicating an upside of 34.8% from current levels.
TMX Group Ltd (TSX: X), an integrated exchange group that operates markets for multiple asset classes, was upgraded to sector perform from underperform with a price target of C$56.00, indicating an upside of 3.2% from current levels.
Salman Partners upgraded Imperial Metals Corp (TSX: III), engaged in the exploration, development and production of base and precious metals from its mineral properties, to buy from hold increasing its price target to C$19.10 from C$18.20, indicating an upside of 35.1% from current levels.
Cormark Securities Inc. upgraded Pinecrest Energy Inc (TSXV: PRY), a Canada-based junior oil and gas exploration company engaged in the acquisition, exploitation and development of petroleum and natural gas-related assets, to speculative buy from market perform with a price target of C$0.30, indicating an upside of 62.2% from current levels.
Pareto Securities initiated coverage on Endeavour Mining Corp (TSX: EDV), a junior gold producer, with a buy rating assigning a 12-month price target of C$1.15, indicating an upside of 53.3% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Ultra Petroleum Corp | NYSE | UPL | 28.50 | 25 | Upgrade to outperform from market perform | Raymond James | Raymond James | 36.00 | 26.3% |
| Rocket Fuel Inc | NASDAQ | FUEL | 41.13 | 9 | Upgrade to outperform from market perform | Daniel Salmon | BMO Capital Markets | 58.00 | 41.0% |
| Acuity Brands Inc | NYSE | AYI | 127.15 | 16 | Upgrade to buy from neutral | Glenn Wortman | Sidoti & Company LLC | 172.00 | 35.3% |
| JinkoSolar Holding Co Ltd | NYSE | JKS | 27.30 | 8 | Initiate with overweight | Jamie Yeh | Barclays | 51.00 | 86.8% |
| Questcor Pharmaceuticals Inc | NASDAQ | QCOR | 80.58 | 9 | Downgrade to hold from buy | Biren Amin | Jefferies | 86.00 | 6.7% |
Raymond James upgraded Ultra Petroleum Corp (NYSE: UPL), an independent oil and gas company engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties, to outperform from market perform with a price target of $36.00, indicating an upside potential of 26.3% from current levels. The rating firm foresees a tighter gas storage paving the way for improvement in 2015 gas prices, strong production growth to trend closer to 15% than current guidance of 5-9% and the leverage is expected to fall to 2.5x in the next 12-18 months.
Rocket Fuel Inc (NASDAQ: FUEL), a technology company that has developed an Artificial Intelligence and Big Data-driven predictive modeling and automated decision-making platform, was upgraded to outperform from market perform at BMO Capital Markets with a price target of $58.00, indicating an upside of 41% from current levels.
Sidoti & Company LLC upgraded Acuity Brands Inc (NYSE: AYI), a provider of lighting solutions for commercial, institutional, industrial, infrastructure, and residential applications, to buy from neutral increasing its price target to $172.00 from $148.00, indicating an upside of 35.3% from current levels.
Barclays initiated coverage on JinkoSolar Holding Co Ltd (NYSE: JKS), a solar power product manufacturer with vertically integrated solar power product value chain from recovered silicon materials to solar modules, with an overweight rating assigning a 12-month price target of $51.00, indicating an upside of 86.8% from current levels.
Jefferies downgraded Questcor Pharmaceuticals Inc (NASDAQ: QCOR), a biopharmaceutical company focused on the treatment of patients with serious, difficult-to-treat autoimmune and inflammatory disorders, to hold from buy lowering its price target to $86.00 from $89.00, indicating an upside of 6.7% from current levels.
