Notable Analyst Upgrades and Downgrades (NYSE: BWP) (TSX: LSG)

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The following stocks were upgraded/downgraded on April 16, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Lake Shore Gold Corp TSX LSG 0.85 9 Upgrade to buy from hold Kerry Smith Haywood Securities Inc. 1.15 35.3%
Innovente Inc TSXV IGE 0.40 1 Initiate with outperform Rupert M Merer National Bank Financial 0.65 62.5%
Castle Mountain Mining Co Ltd TSXV CMM 0.92 8 Initiate with buy Philip Ker PI Financial Corp. 1.75 90.2%
Donnycreek Energy Inc TSXV DCK 2.05 5 Initiate with buy Aaron Swanson GMP 3.00 46.3%
Logan International Inc TSX LII 6.27 2 Downgrade to market perform from outperform Kevin Lo FirstEnergy Capital Corp 8.00 27.6%

Haywood Securities Inc. upgraded Lake Shore Gold Corp (TSX: LSG), a gold mining company engaged in operating, exploring and development of three gold complexes located in the Timmins Gold Camp in Timmins, Ontario, to buy from hold raising its price target to C$1.15 from C$1.10, indicating an upside of 35.3% from current levels.

Coverage on Innovente Inc (TSXV: IGE), a Canada-based company that produces electricity from organic wastes and residues, was initiated with an outperform rating at National Bank Financial with a price target of C$0.65, indicating an upside of 62.5% from current levels.

PI Financial Corp. initiated coverage on Castle Mountain Mining Co Ltd (TSXV: CMM), a Canada-based development-stage company engaged in business of exploring and developing base and precious metal mineral properties, with a buy rating assigning a 12-month price target of C$1.75, indicating an upside of 90.2% from current levels.

GMP initiated coverage on Donnycreek Energy Inc (TSXV: DCK), a Canada-based oil and natural gas exploration and production company, with a buy rating assigning a 12-month price target of C$3.00, indicating an upside of 46.3% from current levels.

FirstEnergy Capital Corp downgraded Logan International Inc (TSX: LII), a manufacturer and seller of down hole tools for the oil and natural gas industry, to market perform from outperform with a price target of C$8.00, indicating an upside of 27.6% from current levels.

The following stocks were upgraded/downgraded on April 16, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Boardwalk Pipeline Partners LP NYSE BWP 15.04 15 Upgrade to overweight from underweight Jeremy Tonet JPMorgan 18.00 19.7%
j2 Global Inc NASDAQ JCOM 49.69 7 Upgrade to buy from neutral Gregory Burns Sidoti & Company LLC 59.00 18.7%
Nimble Storage Inc NYSE NMBL 33.98 16 Upgrade to buy from neutral Steven M Milunovich UBS 45.00 32.4%
Lpath Inc NASDAQ LPTN 4.57 4 Initiate with buy John Newman Canaccord Genuity Corp 17.00 272.0%
Fidelity & Guaranty Life NYSE FGL 22.60 5 Downgrade to neutral from outperform Sean Dargan Macquarie 24.00 6.2%

JPMorgan upgraded Boardwalk Pipeline Partners LP (NYSE: BWP), a limited partnership company that owns and operates three interstate natural gas pipeline systems including integrated storage facilities, to overweight from underweight increasing its price target to $18.00 from $14.00, indicating an upside of 19.7% from current levels.

j2 Global Inc (NASDAQ: JCOM), a provider of cloud services to businesses of all sizes, from individuals to enterprises through the Internet, was upgraded to buy from neutral at Sidoti & Company LLC raising its price target to $59.00 from $56.00, indicating an upside of 18.7% from current levels.

UBS upgraded Nimble Storage Inc (NYSE: NMBL), a provider of data storage platform for research and development of its technology platform, developing new products and enhancing its cloud-based management services, to buy from neutral with a price target of $45.00, indicating an upside of 32.4% from current levels.

Canaccord Genuity Corp initiated coverage on Lpath Inc (NASDAQ: LPTN), a biotechnology company focused on the discovery and development of bio-active lipid-targeted monoclonal antibody (mAb) therapeutics, with a buy rating assigning a 12-month price target of $17.00, indicating an upside of 272% from current levels.

Macquarie downgraded Fidelity & Guaranty Life (NYSE: FGL), engaged in offering various types of fixed annuities and life insurance products through its insurance subsidiaries, to neutral from outperform with a price target of $24.00, indicating an upside of 6.2% from current levels.

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