| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| WestJet Airlines Ltd | TSX | WJA | 23.95 | 17 | Upgrade to outperform from market perform | Ben Cherniavsky | Raymond James | 28.00 | 16.9% |
| Precision Drilling Corp | TSX | PD | 13.70 | 20 | Upgrade to overweight from equalweight | Sean C Meakim | Barclays | 17.00 | 24.1% |
| Premier Gold Mines Ltd | TSX | PG | 2.06 | 9 | Initiate with speculative buy | Tyron Breytenbach | Cormark Securities Inc. | 3.20 | 55.3% |
| MAG Silver Corp | TSX | MAG | 8.24 | 7 | Initiate with outperform | Shane Nagle | National Bank Financial | 10.00 | 21.4% |
| Orbit Garant Drilling Inc | TSX | OGD | 1.78 | 3 | Downgrade to hold from buy | Ben Jekic | Industrial Alliance Securities | 2.00 | 12.4% |
Raymond James upgraded WestJet Airlines Ltd (TSX: WJA), a provider of airline service and travel packages, to outperform from market perform with a price target of C$28.00, indicating an upside of 16.9% from current levels.
Precision Drilling Corp (TSX: PD), an integrated oilfield drilling and energy service company providing services to the oil and gas industry, was upgraded to overweight from equal-weight at Barclays increasing its price target to C$17.00 from C$15.00, indicating an upside of 24.1% from current levels.
Cormark Securities Inc. initiated coverage on Premier Gold Mines Ltd (TSX: PG), an exploration company with a pipeline of gold projects focused in mining jurisdictions in Canada and the United States, with a speculative buy assigning a 12-month price target of C$3.20, indicating an upside of 55.3% from current levels.
Coverage on MAG Silver Corp (TSX: MAG), engaged in a joint venture for developing a high-grade silver deposit, was initiated with an outperform rating at National Bank Financial with a 12-month price target of C$10.00, indicating an upside of 21.4% from current levels.
Industrial Alliance Securities downgraded Orbit Garant Drilling Inc (TSX: OGD), engaged in operating a surface and underground diamond drilling business, to hold from buy lowering its price target to C$2.00 from C$2.20, indicating an upside of 12.4% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Quality Systems Inc | NASDAQ | QSII | 16.15 | 25 | Upgrade to outperform from sector perform | David K Francis | RBC Capital Markets | 19.00 | 17.6% |
| Pegasystems Inc | NASDAQ | PEGA | 20.34 | 5 | Upgrade to outperform from neutral | Steven R Koenig | Wedbush | 27.00 | 32.7% |
| Oil States International Inc | NYSE | OIS | 104.94 | 18 | Upgrade to outperform from market perform | J Marshall Adkins | Raymond James | 117.00 | 11.5% |
| ION Geophysical Corp | NYSE | IO | 3.98 | 7 | Initiate with buy | Christopher A Bamman | Sidoti & Company LLC | 6.00 | 50.8% |
| Gentiva Health Services Inc | NASDAQ | GTIV | 13.61 | 12 | Downgrade to neutral from overweight | Kevin Ellich | Piper Jaffray | 14.00 | 2.9% |
RBC Capital Markets upgraded Quality Systems Inc (NASDAQ: QSII), engaged in developing and marketing healthcare information systems, to outperform from sector perform with a price target of $19.00, indicating an upside of 17.6% from current levels. Recently, QSII announced that it is scheduled to report its financial results for the fiscal 2014 fourth quarter and year on May 29, 2014 before market open.
Pegasystems Inc (NASDAQ: PEGA), engaged in developing and marketing software which allows organizations to build, deploy, and change enterprise applications, was upgraded to outperform from neutral at Wedbush increasing its price target to $27.00 from $25.00, indicating an upside of 32.7% from current levels. The rating firm believes that PEGA will grow its business through strategic partnerships.
Raymond James upgraded Oil States International Inc (NYSE: OIS), a provider of specialty products and services to natural resources companies, to outperform from market perform with a price target of $117.00, indicating an upside of 11.5% from current levels.
Sidoti & Company LLC initiated coverage on ION Geophysical Corp (NYSE: IO), a technology-focused seismic solutions company, which provides acquisition equipment, software and planning and seismic processing services to the global energy industry, with a buy rating assigning a 12-month price target of $6.00, indicating an upside of 50.8% from current levels.
Piper Jaffray downgraded Gentiva Health Services Inc (NASDAQ: GTIV), a provider of products and services for hemophilia and bleeding disorders, growth hormone deficiency, RSV prevention and nutritional support services, to neutral from overweight with a price target of $14.00, indicating an upside of 2.9% from current levels. Recently, Kindred Healthcare Inc. (NYSE: KND), a provider of long-term medical care, made an unsolicited offer to buy GTIV for about $533 million in a cash-and-stock deal.
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