Notable Analyst Upgrades and Downgrades (NYSE: MSL) (TSX: MIC)

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The following stocks were upgraded/downgraded on April 30, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Genworth MI Canada Inc TSX MIC 38.45 10 Upgrade to outperform from sector perform Shubha Rahman Khan National Bank Financial 43.00 11.8%
Excelsior Mining Corp TSXV MIN 0.31 2 Initiate with buy Joseph Gallucci Dundee Securities Corp 1.00 222.6%
Chinook Energy Inc TSX CKE 1.92 8 Initiate with outperform Patrick J O’Rourke Alta Corp Capital Inc. 2.50 30.2%
Fission Uranium Corp TSXV FCU 1.21 8 Initiate with outperform Pierre Vaillancourt Macquarie 2.25 86.0%
Probe Mines Ltd TSXV PRB 2.80 10 Downgrade to sector underperform from sector perform Mike Hocking Scotia Capital 1.30 -53.6%

National Bank Financial upgraded Genworth MI Canada Inc (TSX: MIC), a private residential mortgage insurer in Canada, to outperform from sector perform increasing its price target to C$43.00 from C$40.00, indicating an upside of 11.8% from current levels.

Coverage on Excelsior Mining Corp (TSXV: MIN), an exploration company with a copper project located within the copper porphyry belt of Arizona, was initiated with a buy rating at Dundee Securities Corp with a 12-month price target of C$1.00, indicating an upside of 222.6% from current levels.

Alta Corp Capital Inc. initiated coverage on Chinook Energy Inc (TSX: CKE), a Calgary-based public oil and natural gas exploration and development company with predominately natural gas and liquids assets in Western Canada and crude oil onshore and offshore in Tunisia, North Africa, with an outperform rating assigning a 12-month price target of C$2.50, indicating an upside of 30.2% from current levels.

Macquarie initiated coverage on Fission Uranium Corp (TSXV: FCU), a junior resource company primarily engaged in the acquisition, exploration, and development of uranium resource properties in Canada and Peru, with an outperform rating assigning a 12-month price target of C$2.25, indicating an upside of 86% from current levels.

Scotia Capital downgraded Probe Mines Ltd (TSXV: PRB), a precious metals exploration company whose key asset is the Borden Gold project in Ontario, Canada, to sector underperform from sector perform lowering its price target to C$1.30 from C$3.00, indicating a downside of 53.6% from current levels.

The following stocks were upgraded/downgraded on April 30, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
MidSouth Bancorp Inc NYSE MSL 16.72 6 Upgrade to overweight from equalweight Matt Olney Stephens Inc 20.00 19.6%
Yelp Inc NYSE YELP 58.32 33 Upgrade to outperform from sector perform Mark S Mahaney RBC Capital Markets 88.00 50.9%
Twin Disc Inc NASDAQ TWIN 28.93 3 Upgrade to accumulate from neutral Walter S Liptak Global Hunter Securities 31.00 7.2%
Mercer International Inc NASDAQ MERC 8.28 7 Initiate with outperform Andrew M Kuske Credit Suisse 10.00 20.8%
Auxilium Pharmaceuticals Inc NASDAQ AUXL 22.51 14 Downgrade to market perform from outperform Dr Eric Schmidt Cowen and Company 21.00 -6.7%

Stephens Inc upgraded MidSouth Bancorp Inc (NYSE: MSL), a bank holding company focused primarily on offering commercial and consumer loan and deposit services to small and middle market businesses, to overweight from equal-weight increasing its price target to $20.00 from $18.00, indicating an upside of 19.6% from current levels.

Yelp Inc (NYSE: YELP), engaged in the business of connecting people with great local businesses, was upgraded to outperform from sector perform at RBC Capital Markets with a price target of $88.00, indicating an upside of 50.9% from current levels.

Global Hunter Securities upgraded Twin Disc Inc (NASDAQ: TWIN), engaged in designing, manufacturing and selling marine and heavy duty off-highway power transmission equipment, to accumulate from neutral raising its price target to $31.00 from $26.00, indicating an upside of 7.2% from current levels.

Credit Suisse initiated coverage on Mercer International Inc (NASDAQ: MERC), a producer of northern bleached softwood kraft (NBSK) pulp, with an outperform rating assigning a 12-month price target of $10.00, indicating an upside of 20.8% from current levels.

Cowen and Company downgraded Auxilium Pharmaceuticals Inc (NASDAQ: AUXL), a specialty biopharmaceutical company focused on developing and marketing products to predominantly specialist audiences, to market perform from outperform lowering its price target to $21.00 from $37.00, indicating a downside of 6.7% from current levels.

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