| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Tembec Inc | TSX | TMB | 2.37 | 4 | Upgrade to outperform from sector perform | Paul Quinn | RBC Capital Markets | 3.50 | 47.7% |
| Precision Drilling Corp | TSX | PD | 14.31 | 20 | Upgrade to buy from market perform | Todd W Garman | Cormark Securities Inc. | 18.50 | 29.3% |
| Terrace Energy Corp | TSXV | TZR | 2.12 | 3 | Initiate with buy | Stacey McDonald | GMP | 3.25 | 53.3% |
| MAG Silver Corp | TSX | MAG | 8.45 | 6 | Initiate with buy | Adam Melnyk | Desjardins Securities | 10.00 | 18.3% |
| Gluskin Sheff + Associates Inc | TSX | GS | 32.83 | 12 | Downgrade to hold from buy | Scott Chan | Canaccord Genuity Corp | 32.50 | -1.0% |
RBC Capital Markets upgraded Tembec Inc (TSX: TMB), engaged in operating an integrated forest products business, to outperform from sector perform increasing its price target to C$3.50 from C$3.00, indicating an upside of 47.7% from current levels.
Precision Drilling Corp (TSX: PD), a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies, was upgraded to buy from market perform at Cormark Securities Inc. raising its price target to C$18.50 from C$15.00, indicating an upside of 29.3% from current levels.
GMP initiated coverage on Terrace Energy Corp (TSXV: TZR), a development stage company engaged in oil & gas development of unconventional oil extraction in onshore areas of the U.S., with a buy rating assigning a 12-month price target of C$3.25, indicating an upside of 53.3% from current levels.
Coverage on MAG Silver Corp (TSX: MAG), engaged in developing a high-grade silver deposit, in addition to exploring for Silver, Lead, Zinc, at its fully owned properties in Mexico, was initiated with a buy at Desjardins Securities with a price target of C$10.00, indicating an upside of 18.3% from current levels.
Canaccord Genuity Corp downgraded Gluskin Sheff + Associates Inc (TSX: GS), a wealth management company providing a discretionary investment management services to high-net-worth private clients and institutional investors, to hold from buy with a price target of C$32.50, indicating a downside of 1% from current levels.
| 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 | 16.43 | 15 | Upgrade to outperform from underperform | John Edwards | Credit Suisse | 20.00 | 21.7% |
| Advent Software Inc | NASDAQ | ADVS | 27.95 | 7 | Upgrade to buy from hold | Christopher R Donat | Sandler O’Neill & Partners, LP | 33.00 | 18.1% |
| Tech Data Corp | NASDAQ | TECD | 62.04 | 10 | Upgrade to outperform from market perform | Brian G Alexander | Raymond James | 68.00 | 9.6% |
| Five9 Inc | NASDAQ | FIVN | 6.98 | 6 | Initiate with overweight | Sterling Auty | JPMorgan | 17.50 | 150.7% |
| Ultra Clean Holdings Inc | NASDAQ | UCTT | 8.73 | 6 | Downgrade to neutral from buy | Krishna Shankar | Roth Capital Partners | 12.00 | 37.5% |
Credit Suisse upgraded Boardwalk Pipeline Partners LP (NYSE: BWP), a limited partnership company engaged in operating three interstate natural gas pipeline systems including integrated storage facilities, to outperform from underperform increasing its price target to $20.00 from the earlier target of $15.00, indicating an upside of 21.7% from current levels.
Advent Software Inc (NASDAQ: ADVS), engaged in offering software and services, which automate work flows and data across investment management organizations, as well as the information flows between an investment management organization and external parties, was upgraded to buy from hold at Sandler O’Neill & Partners, LP with a price target of $33.00, indicating an upside of 18.1% from current levels.
Raymond James upgraded Tech Data Corp (NASDAQ: TECD), a wholesale distributor of technology products, to outperform from market perform with a price target of $68.00, indicating an upside of 9.6% from current levels.
JPMorgan initiated coverage on Five9 Inc (NASDAQ: FIVN), a provider of cloud software for contact centers that delivers a suite of applications that enable the breadth of contact center-related customer service, sales and marketing functions, with an overweight rating assigning a 12-month price target of $17.50, indicating an upside of 150.7% from current levels.
Roth Capital Partners downgraded Ultra Clean Holdings Inc (NASDAQ: UCTT), a developer and supplier of critical subsystems, primarily for the semiconductor capital equipment industry, to neutral from buy lowering its price target to $12.00 from $18.00, indicating an upside of 37.5% from current levels.
