| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Niko Resources Ltd | TSX | NKO | 2.17 | 9 | Upgrade to buy from hold | Alan Knowles | Haywood Securities Inc. | 6.00 | 176.5% |
| Kelso Technologies Inc | TSXV | KLS | 6.59 | 2 | Upgrade to speculative buy from hold | Russell Stanley | Jennings Capital | 7.00 | 6.2% |
| CAE Inc | TSX | CAE | 14.68 | 15 | Upgrade to buy from hold | Benoit Poirier | Desjardins Securities | 17.00 | 15.8% |
| DIRTT Environmental Solutions | TSX | DRT | 2.96 | 4 | Initiate with buy | Spencer Churchill | Paradigm Capital Inc | 4.50 | 52.0% |
| Eaglewood Energy Inc | TSXV | EWD | 0.37 | 2 | Downgrade to neutral from outperform | David Popowich | Macquarie | 0.38 | 2.7% |
Haywood Securities Inc. upgraded Niko Resources Ltd (TSX: NKO), engaged in the exploration for and development and production of oil and natural gas, to buy from hold with a price target of $6.00, indicating an upside of 176.5% from current levels.
Kelso Technologies Inc (TSXV: KLS), a Canada-based railroad equipment supplier engaged in producing and distributing tank car components, was upgraded to speculative buy from hold at Jennings Capital with a price target to C$7.00, indicating an upside of 6.2% from current levels. Recently, for the first quarter of 2014, the company reported revenues of C$5.48 million, up 172% over the previous year quarter. During the quarter, net income reached C$1.2 million or C$0.03 per share compared to C$0.79 million in the same quarter of 2013.
Desjardins Securities upgraded CAE Inc (TSX: CAE), engaged in providing simulation and modeling technologies and integrated training services primarily to the civil aviation industry and defense, to buy from hold increasing its price target to C$17.00 from C$16.00, indicating an upside of 15.8% from current levels. CAE declared a quarterly dividend of C$0.06 per share payable on June 30, 2014 to the shareholders of record on June 13, 2014.
Paradigm Capital Inc initiated coverage on DIRTT Environmental Solutions (TSX: DRT), a manufacturer of interior space solutions, with a buy rating assigning a 12-month price target of C$4.50, indicating an upside of 52% from current levels.
Macquarie downgraded Eaglewood Energy Inc (TSXV: EWD), an explorer and developer of its petroleum prospecting and retention licenses located in Papua New Guinea, to neutral from outperform lowering its price target to C$0.38 from the earlier target of C$0.60, indicating an upside of 2.7% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Synopsys Inc | NASDAQ | SNPS | 38.20 | 11 | Upgrade to buy from hold | Srini Sundararajan | Summit Research Partners LLC | 47.00 | 23.0% |
| Air Methods Corp | NASDAQ | AIRM | 47.78 | 8 | Upgrade to overweight from equal-weight | Dana Hambly | Stephens Inc | 58.00 | 21.4% |
| Dealertrack Technologies Inc | NASDAQ | TRAK | 39.96 | 12 | Upgrade to outperform from neutral | Kevin McVeigh | Macquarie | 60.00 | 50.2% |
| Actuate Corp | NASDAQ | BIRT | 4.20 | 6 | Initiate with buy | Matthew Galinko | Sidoti & Company LLC | 7.00 | 66.7% |
| Fibrocell Science Inc | NYSE | FCSC | 2.85 | 3 | Downgrade to neutral from buy | Dr Keith A Markey | Griffin Securities | 9.25 | 224.6% |
Summit Research Partners LLC upgraded Synopsys Inc (NASDAQ: SNPS), engaged in providing technology solutions used to develop electronics and electronic systems, to buy from hold increasing its price target to $47.00 from $44.00, indicating an upside of 23% from current levels. SNPS is scheduled to report its Q2’14 earnings today (May 21’14). Recently, Coverity, Inc., a subsidiary of SNPS acquired Kalistick, a provider of cloud-based software solutions, to build tighter collaboration between Development and QA teams, enabling faster time-to-market, reduced software development costs and higher end-product quality.
Air Methods Corp (NASDAQ: AIRM), a provider of air medical emergency transport services and systems, was upgraded to overweight from equal-weight at Stephens Inc raising its price target to $58.00 from $56.00, indicating an upside of 21.4% from current levels.
Macquarie upgraded Dealertrack Technologies Inc (NASDAQ: TRAK), a provider of Web-based software solutions and services, to outperform from neutral with a price target of $60.00, indicating an upside of 50.2% from current levels. Recently, TRAK guided its 2014 revenues in the range of $814 million – $826 million, while EPS between $1.42 and $1.53 during 2014.
Sidoti & Company LLC initiated coverage on Actuate Corp (NASDAQ: BIRT), a provider of software and services to develop and deploy custom Business Intelligence and information applications, with a buy rating assigning a 12-month price target of $7.00, indicating an upside of 66.7% from current levels.
Griffin Securities downgraded Fibrocell Science Inc (NYSE: FCSC), an aesthetic and therapeutic development stage biotechnology company focused on developing skin and tissue rejuvenation products, to neutral from buy maintaining the target price at $9.25, indicating an upside of 224.6% from current levels.
