| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| ENTREC Corp | TSXV | ENT | 1.37 | 9 | Upgrade to buy from hold | John Bereznicki | Canaccord Genuity Corp | 1.60 | 16.8% |
| Alliance Grain Traders Inc | TSX | AGT | 19.40 | 8 | Upgrade to outperform from market perform | Steven P Hansen | Raymond James | 23.00 | 18.6% |
| Total Energy Services Inc | TSX | TOT | 22.59 | 11 | Upgrade to buy from hold | Scott Treadwell | TD Securities | 26.00 | 15.1% |
| Bauer Performance Sports Ltd | TSX | BAU | 15.38 | 10 | Initiate with buy | Lee Giordano | CRT Capital Group | 18.00 | 17.0% |
| Balmoral Resources Ltd | TSX | BAR | 0.94 | 2 | Downgrade to market perform from speculative buy | Tyron Breytenbach | Cormark Securities Inc. | 0.80 | -14.9% |
Canaccord Genuity Corp upgraded ENTREC Corp (TSXV: ENT), a transportation & logistics company serving the oil and natural gas, construction, petrochemical, mining and power generation industries, to buy from hold with a price target of C$1.60, indicating an upside of 16.8% from current levels. Recently, ENT reported that its Q1’14 revenues increased by 20% to $62 million from C$51.7 million in 2013. Net income for the period stood at C$1.4 million or a loonie per diluted share. Moreover, the company reiterated its guidance that revenue for the year ending Dec. 31, 2014 could range between $230 million and $250 million.
Alliance Grain Traders Inc (TSX: AGT), engaged in the business of sourcing and processing (cleaning, splitting, sorting and bagging) specialty crops, primarily for export markets, was upgraded to outperform from market perform at Raymond James increasing its price target to CD$23.00 from C$21.00, indicating an upside of 18.6% from current levels. Q1’14 revenues for AGT grew 12.6% to $311.3 million over the prior year quarter, while EBITDA grew to $17.1 million compared to $13.6 million registered same quarter last year.
TD Securities upgraded Total Energy Services Inc (TSX: TOT), an energy service company engaged in providing contract drilling services, rental and transportation of equipments, to buy from hold with a price target of C$26.00, indicating an upside of 15.1% from current levels.
CRT Capital Group initiated coverage on Bauer Performance Sports Ltd (TSX: BAU), engaged in designing, developing, manufacturing and selling performance sports equipment and accessories, with a buy rating assigning a 12-month price target of C$18.00, indicating an upside of 17% from current levels.
Cormark Securities Inc. downgraded Balmoral Resources Ltd (TSX: BAR), a Canada-based exploration-stage company engaged in the acquisition, exploration and development of mineral properties, to market perform from speculative buy with a price target of C$0.80, indicating a downside of 14.9% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Dynegy Inc | NYSE | DYN | 31.50 | 10 | Upgrade to neutral from underperform | Angie Storozynski | Macquarie | 35.00 | 11.1% |
| The Rubicon Project Inc | NYSE | RUBI | 11.37 | 5 | Upgrade to outperform from sector perform | Rohit Kulkarni | RBC Capital Markets | 19.00 | 67.1% |
| CalAmp Corp | NASDAQ | CAMP | 16.20 | 9 | Upgrade to overweight from equalweight | Howard Smith | First Analysis Corp | 23.00 | 42.0% |
| Monolithic Power Systems Inc | NASDAQ | MPWR | 37.93 | 12 | Initiate with overweight | Michael Lucarelli | Evercore Partners | 46.00 | 21.3% |
| DFC Global Corp | NASDAQ | DLLR | 9.29 | 10 | Downgrade to equalweight from overweight | John Hecht | Stephens Inc | 9.50 | 2.3% |
Macquarie upgraded Dynegy Inc (NYSE: DYN), engaged in the production and sale of electric energy, capacity and ancillary services, to neutral from underperform increasing its price target to $35.00 from $20.50, indicating an upside of 11.1% from current levels. Analyst Angie Storozynski believes that synergies associated with DYN’s ongoing M&A pursuits could support its future earnings.
The Rubicon Project Inc (NYSE: RUBI), a global technology company focused on automating buying and selling of advertising, was upgraded to outperform from sector perform at RBC Capital Markets with a price target of $19.00, indicating an upside of 67.1% from current levels. For Q1’14 results, RUBI reported that its revenues were up 39% to $23 million year-over-year. Managed revenue was up 34% compared to the first quarter last year to $129.6 million. Moreover, for 2014, the company issued revenue guidance of $111 million – $114 million and loss per share guidance of 60 cents to 50 cents per share.
First Analysis Corp upgraded CalAmp Corp (NASDAQ: CAMP), engaged in developing wireless technology solutions that deliver data, voice and video for critical networked communications and other applications, to overweight from equal-weight with a price target of $23.00, indicating an upside of 42% from current levels.
Evercore Partners initiated coverage on Monolithic Power Systems Inc (NASDAQ: MPWR), a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors, with an overweight rating assigning a 12-month price target of $46.00, indicating an upside of 21.3% from current levels.
Stephens Inc downgraded DFC Global Corp (NASDAQ: DLLR), an international non-bank provider of alternative financial services, unsecured short term consumer loans, secured pawn loans, check cashing, money transfers and reloadable prepaid debit cards, to equal-weight from overweight lowering its price target to $9.50 from the earlier target of $14.00, indicating an upside of 2.3% from current levels.
