| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Novadaq Technologies Inc | TSX | NDQ | 19.79 | 13 | Upgrade to buy from hold | Douglas W Loe | Euro Pacific Canada Inc | 24.11 | 21.8% |
| Sherritt International Corp | TSX | S | 4.70 | 11 | Upgrade to sector outperform from sector perform | Orest Wowkodaw | Scotia Capital | 6.50 | 38.3% |
| Africa Oil Corp | TSXV | AOI | 7.50 | 25 | Initiate with outperform | Brendan Michael Warn | BMO Capital Markets | 12.00 | 60.0% |
| TransForce Inc | TSX | TFI | 23.86 | 12 | Initiate with buy | David Tyerman | Canaccord Genuity Corp | 29.00 | 21.5% |
| ENTREC Corp | TSXV | ENT | 1.18 | 10 | Downgrade to market perform from buy | David F Newman | Cormark Securities Inc. | 2.15 | 82.2% |
Euro Pacific Canada Inc upgraded Novadaq Technologies Inc (TSX: NDQ), engaged in developing and commercializing medical imaging and therapeutic devices for use in the operating room, to buy from hold with a price target of C$24.00, indicating an upside of 21.8% from current levels.
Sherritt International Corp (TSX: S), a Canada-based natural resource company with interests in nickel and cobalt mining, processing and refining; thermal coal technology and production; oil and gas exploration, development and production, and electricity generation, was upgraded to sector outperform from sector perform at Scotia Capital raising its price target to C$6.50 from C$3.50, indicating an upside of 38.3% from current levels.
BMO Capital Markets initiated coverage on Africa Oil Corp (TSXV: AOI), a Canada-based international oil and gas exploration and development company, with an outperform rating assigning a 12-month price target of C$12.00, indicating an upside of 60% from current levels.
Coverage on TransForce Inc (TSX: TFI), a Canada-based company that provides transportation and logistics services, was initiated with a buy rating at Canaccord Genuity Corp with a price target of C$29.00, indicating an upside of 21.5% from current levels.
Cormark Securities Inc. downgraded ENTREC Corp (TSXV: ENT), engaged in serving the oil and natural gas, construction, petrochemical, mining and power generation industries with transports and oversized cargo, to market perform from buy with a price target to C$2.15, indicating an upside of 82.2% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Palo Alto Networks Inc | NYSE | PANW | 65.94 | 26 | Upgrade to overweight from equalweight | Raimo Lenschow | Barclays | 78.00 | 18.3% |
| Ultimate Software Group Inc | NASDAQ | ULTI | 124.86 | 24 | Upgrade to outperform from market perform | Terry Tillman | Raymond James | 150.00 | 20.1% |
| Initiate with buy | Nandan Amladi | Deutsche Bank | 160.00 | 28.1% | |||||
| EnerNOC Inc | NASDAQ | ENOC | 20.18 | 10 | Upgrade to overweight from neutral | Paul T Coster | JPMorgan | 24.50 | 21.4% |
| Q2 Holdings Inc | NYSE | QTWO | 13.84 | 6 | Initiate with outperform | Matthew Hedberg | RBC Capital Markets | 17.00 | 22.8% |
| 3D Systems Corp | NYSE | DDD | 46.26 | 24 | Initiate with neutral/attractive | Samuel H Eisner | Goldman Sachs | 63.00 | 36.2% |
Barclays upgraded Palo Alto Networks Inc (NYSE: PANW), engaged in offering a network security platform that allows enterprises, service providers, and government entities to secure their networks, to overweight from equal-weight with a price target of $78.00, indicating an upside of 18.3% from current levels. The rating firm notes that an improving trend is witnessed in the industry after security spending was seen as the top driver of total IT spending in 2014. Moreover, the overhang from the litigation with Juniper appears to be dissipating with investors once again refocusing on the fundamental strength of the business model.
Ultimate Software Group Inc (NASDAQ: ULTI), a provider of cloud-based human capital management, was upgraded to outperform from market perform at Raymond James with a price target of $150.00, indicating an upside of 20.1% from current levels. Meanwhile, Deutsche Bank also initiated coverage on the stock with a buy rating assigning a 12-month price target of $16.00, indicating an upside of 28.1% from current levels.
JPMorgan upgraded EnerNOC Inc (NASDAQ: ENOC), a provider of energy management applications, services and products for the smart grid, which include demand response, data-driven energy efficiency, and energy price and risk management applications, services and products, to overweight from neutral increasing its price target to $24.50 from the earlier target of $21.00, indicating an upside of 21.4% from current levels.
RBC Capital Markets initiated coverage on Q2 Holdings Inc (NYSE: QTWO), a provider of secure, cloud-based virtual banking solutions, with an outperform rating assigning a 12-month price target of $17.00, indicating an upside of 22.8% from current levels.
Coverage on 3D Systems Corp (NYSE: DDD), a provider of three-dimensional (3D) content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers, was initiated with a neutral/attractive rating at Goldman Sachs with a price target of $63.00, indicating an upside of 36.2% from current levels.
