| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| 5N Plus Inc | TSX | VNP | 4.71 | 395.2 | Upgrade to outperform from sector perform | Rupert M Merer | National Bank Financial | 5.50 | 16.8% |
| Parkland Fuel Corp | TSX | PKI | 20.95 | 1,545.2 | Upgrade to outperform from sector perform | Dillon Culhane | RBC Capital Markets | 23.00 | 9.8% |
| Pan Orient Energy Corp | TSXV | POE | 1.95 | 110.7 | Initiate with buy | Mark Heim | Jennings Capital | 3.75 | 92.3% |
| Altius Minerals Corp | TSX | ALS | 13.34 | 430.1 | Initiate with outperform | Alex Terentiew | Raymond James | 19.50 | 46.2% |
| Capstone Mining Corp | TSX | CS | 2.75 | 1,047.7 | Initiate with buy | Jackie Przybylowski | Desjardins Securities | 3.65 | 32.7% |
National Bank Financial upgraded 5N Plus Inc (TSX: VNP), a producer of specialty metal and chemical products used in pharmaceutical, electronic and industrial applications, to outperform from sector perform with a price target of C$5.50, indicating an upside of 16.8% from current levels. Recently, VNP reported that it has entered into new supply agreements with First Solar, Inc. (FSLR), the thin-film solar module manufacturer, under which FSLR will purchase all the cadmium telluride (CdTe) from VNP for the manufacture of solar photovoltaic modules until 2019.
Parkland Fuel Corp (TSX: PKI), a marketer and distributor of petroleum products managing a network of sales channels for retail, commercial, wholesale and residential heating fuel customers, was upgraded to outperform from sector perform at RBC Capital Markets increasing its price target to C$23.00 from C$22.00, indicating an upside of 9.8% from current levels.
Jennings Capital initiated coverage on Pan Orient Energy Corp (TSXV: POE), a junior oil and natural gas company, with a buy rating assigning a 12-month price target of C$3.75, indicating an upside of 92.3% from current levels.
Coverage on Altius Minerals Corp (TSX: ALS), engaged in the generation and acquisition of exploration and evaluation assets, royalties, and investments, was initiated with an outperform rating assigning a 12-month price target to C$19.50, indicating an upside of 46.2% from current levels.
Desjardins Securities initiated coverage on Capstone Mining Corp (TSX: CS), a Canadian mining company engaged in the production and development of and the exploration for base and precious metals, with a buy rating assigning a 12-month price target of C$3.65, indicating an upside of 32.7% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Office Depot Inc | NYSE | ODP | 5.17 | 2,764.6 | Upgrade to buy/neutral from neutral/neutral | Matthew J Fassler | Goldman Sachs | 7.00 | 35.4% |
| Cepheid | NASDAQ | CPHD | 45.19 | 3,150.8 | Upgrade to buy from hold | Michael S Matson | Needham & Co | 50.00 | 10.6% |
| Palo Alto Networks Inc | NYSE | PANW | 69.61 | 5,155.7 | Upgrade to buy from neutral | Frederick Grieb | Nomura | 80.00 | 14.9% |
| Amtech Systems Inc | NASDAQ | ASYS | 8.54 | 84.1 | Initiate with buy | Sven Eenmaa | Stifel | 14.00 | 63.9% |
| NTELOS Holdings Corp | NASDAQ | NTLS | 12.97 | 281.0 | Downgrade to hold from buy | Michael L McCormack | Jefferies | 15.00 | 15.7% |
Goldman Sachs upgraded Office Depot Inc (NYSE: ODP), a global supplier of office products and services operating in three business segments: North American Retail Division, North American Business Solutions Division and International Division, to buy/neutral from neutral/neutral increasing its price target to $7.00 from $5.4, indicating an upside of 35.4% from current levels. Analyst Matthew J Fassler believes that ODP is likely to register impressive earnings growth over the next three years after the merger integration with Office Max.
Cepheid (NASDAQ: CPHD), a molecular diagnostics company that develops, manufactures and markets fully-integrated systems for testing in the Clinical market, as well as for application in its legacy Non-Clinical market, was upgraded to buy from hold at Needham & Co with a price target of $50.00, indicating an upside of 10.6% from current levels. Analyst Michael S Matson was encouraged to upgrade the stock after a few meetings with the company.
Nomura upgraded Palo Alto Networks Inc (NYSE: PANW), engaged in offering a network security platform that allows enterprises, service providers, and government entities to secure their networks, to buy from neutral increasing its price target to $80.00 from $60.00, indicating an upside of 14.9% from current levels. The rating firm believes that PANW is one of the best positioned vendors in the Network Security space. Moreover, the rating firm notes that PANW has also shown itself to be a fast follower by bringing WildFire quickly in the market, which competes with FireEye in the important APT Protection market.
Stifel initiated coverage on Amtech Systems Inc (NASDAQ: ASYS), a global provider of thermal processing systems, including related automation, parts and services for the solar/photovoltaic, semiconductor, silicon wafer and microelectromechanical systems (MEMS) industries, with a buy rating assigning a 12-month price target of $14.00, indicating an upside of 63.9% from current levels.
Jefferies downgraded NTELOS Holdings Corp (NASDAQ: NTLS), a provider of digital wireless communications services to consumers and businesses, to hold from buy lowering its price target to $15.00 from $25.00, indicating an upside of 15.7% from current levels.
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