| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Partners Real Estate Investment Trust | TSX | PAR-U | 4.25 | 5 | Upgrade to sector outperform from sector underperform | Brad Sturges | CIBC World Markets | 5.50 | 29.4% |
| Imris Inc | TSX | IM | 1.32 | 6 | Upgrade to buy from hold | Alan Ridgeway | Paradigm Capital Inc | 2.19 | 65.9% |
| Norbord Inc | TSX | NBD | 30.02 | 9 | Upgrade to buy from hold | Sean Steuart | TD Securities | 33.00 | 9.9% |
| Flyht Aerospace Solutions Ltd | TSXV | FLY | 0.58 | 5 | Initiate with strong buy | D Joseph Mackay | Global Maxfin Capital Inc | 1.00 | 72.4% |
| TVA Group Inc | TSX | TVA/B | 8.90 | 5 | Downgrade to underperform from sector perform | Adam Shine | National Bank Financial | 8.50 | -4.5% |
CIBC World Markets upgraded Partners Real Estate Investment Trust (TSX: PAR-U), an open-end real estate investment trust engaged in managing a portfolio of retail and mixed-use community and neighborhood shopping centers, was upgraded to sector outperform from sector underperform increasing its price target to C$5.50 from C$5.00, indicating an upside of 29.4% from current levels.
Imris Inc (TSX: IM), engaged in designing, manufacturing and marketing VISIUS Surgical Theatre, a multifunctional surgical environment that provides intraoperative vision to clinicians, was upgraded to buy from hold at Paradigm Capital Inc with a price target of C$2.19, indicating an upside of 65.9% from current levels.
TD Securities upgraded Norbord Inc (TSX: NBD), an international producer of wood-based panels, to buy from hold with a price target of C$33.00, indicating an upside of 9.9% from current levels.
Global Maxfin Capital Inc initiated coverage on Flyht Aerospace Solutions Ltd (TSXV: FLY), a designer, developer, and service provider to the global aerospace industry, with a strong buy assigning a 12-month price target of C$1.00, indicating an upside of 72.4% from current levels.
National Bank Financial downgraded TVA Group Inc (TSXV: TVA/B), a Canada-based communications company operating in two business segments: Television and Publishing, to underperform from sector perform with a price target of C$8.50, indicating a downside of 4.5% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Rudolph Technologies Inc | NYSE | RTEC | 9.64 | 7 | Upgrade to buy from neutral | Jairam Nathan | Sidoti & Company LLC | 12.00 | 24.5% |
| Zumiez Inc | NASDAQ | ZUMZ | 25.66 | 20 | Upgrade to overweight from neutral | Stephanie S Wissink | Piper Jaffray | 30.00 | 16.9% |
| Hi-Crush Partners LP | NYSE | HCLP | 41.83 | 10 | Upgrade to outperform from sector perform | Tj Schultz | RBC Capital Markets | 50.00 | 19.5% |
| Verastem Inc | NASDAQ | VSTM | 8.05 | 10 | Initiate with buy | Alethia Young | Deutsche Bank | 14.00 | 73.9% |
| Swift Energy Co | NYSE | SFY | 10.94 | 15 | Downgrade to underperform from neutral | Mark Lear | Credit Suisse | 10.00 | -8.6% |
Sidoti & Company LLC upgraded Rudolph Technologies Inc (NYSE: RTEC), engaged in designing, development and manufacture of process control defect inspection, metrology, and process control software systems used by microelectronics device manufacturers, to buy from neutral with a price target of $12.00, indicating an upside of 24.5% from current levels. For Q1’14, RTEC reported revenues of $41.36 million, while gross margins improved one percentage point Q-o-Q to 52%.
Zumiez Inc (NASDAQ: ZUMZ), a specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name, was upgraded to overweight from neutral at Piper Jaffray increasing its price target to $30.00 from the earlier target of $27.00, indicating an upside of 16.9% from current levels. The rating firm foresees a combination of reconciled valuation for more modest sqft growth and potential for estimate upside tied to streetwear inspired fashion. Further, Piper notes that evolution of the lifestyle trend from core urban to suburban areas where Zumiez maintains a competitive niche will drive the growth in the stock.
RBC Capital Markets upgraded Hi-Crush Partners LP (NYSE: HCLP), a domestic producer of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells, to outperform from sector perform increasing its price target to $50.00 from $41.00, indicating an upside of 19.5% from current levels.
Deutsche Bank initiated coverage on Verastem Inc (NASDAQ: VSTM), a clinical biopharmaceutical company focused on discovering and developing drugs to treat cancer by the targeted killing of cancer stem cells, with a buy rating assigning a 12-month price target of $14.00, indicating an upside of 73.9% from current levels.
Credit Suisse downgraded Swift Energy Co (NYSE: SFY), engaged in developing, exploring, acquiring, and operating oil and natural gas properties, to underperform from neutral with a price target of $10.00, indicating a downside of 8.6% from current levels.
