Notable Analyst Upgrades and Downgrades (NASDAQ: CLMT) (TSX: TCW)

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The following stocks were upgraded/downgraded on May 08, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Trican Well Service Ltd TSX TCW 15.59 18 Upgrade to buy from hold John Bereznicki Canaccord Genuity Corp 18.50 18.7%
Cineplex Inc TSX CGX 39.84 13 Upgrade to outperform from sector perform Haran Posner RBC Capital Markets 45.00 13.0%
Paramount Resources Ltd TSX POU 57.85 16 Upgrade to buy Travis Wood TD Securities 79.00 36.6%
Lonestar West Inc TSXV LSI 2.99 3 Initiate with outperform Greg Colman National Bank Financial 4.30 43.8%
Industrial Alliance Insurance & Financial Services Inc TSX IAG 45.15 9 Downgrade to market perform from outperform Tom MacKinnon BMO Capital Markets 49.00 8.5%

Canaccord Genuity Corp upgraded Trican Well Service Ltd (TSX: TCW), an oilfield services company providing an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells, to buy from hold increasing its price target to C$18.50 from C$15.50, indicating an upside of 18.7% from current levels.

Cineplex Inc (TSX: CGX), an entertainment company operating fully digitized motion picture theatre circuits in the world, was upgraded to outperform from sector perform at RBC Capital Markets raising its price target to C$45.00 from C$44.00, indicating an upside of 13% from current levels.

TD Securities upgraded Paramount Resources Ltd (TSX: POU), an exploration stage mining company with projects in northern Nevada and Chihuahua, Mexico, to buy with a price target of C$79.00, indicating an upside of 36.6% from current levels.

National Bank Financial initiated coverage on Lonestar West Inc (TSXV: LSI), engaged in providing technical application of vacuum and hydro-vacuum (HVAC) services, primarily to infrastructure and oil and gas customers, with an outperform rating assigning a 12-month price target of C$4.30, indicating an upside of 43.8% from current levels.

BMO Capital Markets downgraded Industrial Alliance Insurance & Financial Services Inc (TSX: IAG), a life and health insurance company, to market perform from outperform lowering its price target to C$49.00 from C$52.00, indicating an upside of 8.5% from current levels.

The following stocks were upgraded/downgraded on May 08, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Calumet Specialty Products Partners LP NASDAQ CLMT 30.65 10 Upgrade to outperform from neutral John Edwards Credit Suisse 35.00 14.2%
Sonic Corp NASDAQ SONC 20.09 17 Upgrade to outperform from market perform Brian J Bittner Oppenheimer & Co 25.00 24.4%
tw telecom inc NASDAQ TWTC 29.79 19 Upgrade to buy from hold Gregory Miller Canaccord Genuity Corp 35.00 17.5%
Cal-Maine Foods Inc NASDAQ CALM 58.67 3 Initiate with buy Francesco Pellegrino Sidoti & Company LLC 84.00 43.2%
QR Energy LP NYSE QRE 17.29 17 Downgrade to hold from buy Abhishek Sinha Wunderlich Securities 18.00 4.1%

Credit Suisse upgraded Calumet Specialty Products Partners LP (NASDAQ: CLMT), a producer of specialty hydrocarbon products in North America, to outperform from neutral increasing its price target to $35.00 from $29.00, indicating an upside of 14.2% from current levels.

Sonic Corp (NASDAQ: SONC), engaged in operating and providing franchisee chain of drive-in restaurants (Sonic Drive-Ins) in the United States, was upgraded to outperform from market perform at Oppenheimer & Co with a price target of $25.00, indicating an upside of 24.4% from current levels.

Canaccord Genuity Corp upgraded TW telecom Inc (NASDAQ: TWTC), a fiber facilities-based local exchange carrier offering a wide range of business telephony services, to buy from hold increasing its price target to $35.00 from the earlier target of $27.00, indicating an upside of 17.5% from current levels.

Sidoti & Company LLC initiated coverage on Cal-Maine Foods Inc (NASDAQ: CALM), engaged in producing, grading, packaging, marketing and distribution of shell eggs in the U.S., with a buy rating assigning a 12-month price target of $84.00, indicating an upside of 43.2% from current levels.

Wunderlich Securities downgraded QR Energy LP (NYSE: QR), engaged in the acquisition, exploitation, development and production of oil and natural gas properties, to hold from buy lowering its price target to $18.00 from $20.00, indicating an upside of 4.1% from current levels.

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