| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Stornoway Diamond Corp | TSX | SWY | 0.73 | 111.6 | Upgrade to outperform from market perform | Edward Sterck | BMO Capital Markets | 1.00 | 37.0% |
| BlackPearl Resources Inc | TSX | PXX | 2.29 | 767.8 | Upgrade to overweight from hold | Neil Fonseca | EVA Dimensions | NA | NA |
| Avino Silver & Gold Mines Ltd | TSXV | ASM | 1.71 | 55.1 | Initiate with buy | Heiko Ihle | HC Wainwright & Co LLC | 2.28 | 33.3% |
| Savaria Corp | TSX | SIS | 3.55 | 84.5 | Initiate with buy | Nick Agostino | Laurentian Bank Securities | 4.50 | 26.8% |
| Energold Drilling Corp | TSXV | EGD | 1.69 | 80.1 | Downgrade to hold from accumulate | Stephen Kammermayer | Clarus Securities | 1.50 | -11.2% |
BMO Capital Markets upgraded Stornoway Diamond Corp (TSX: SWY), a diamond exploration and development company, to outperform from market perform with a price target of C$1.00, indicating an upside of 37.0% from current levels.
EVA Dimensions upgraded BlackPearl Resources Inc (TSX: PXX), an oil and natural gas company engaged in the business of oil and gas exploration, development and production, to overweight from hold. The rating firm did not assign any price target to the stock.
HC Wainwright & Co LLC initiated coverage on Avino Silver & Gold Mines Ltd (TSXV: ASM), a natural resource company, primarily engaged in the acquisition, exploration and development of natural resource properties, with a buy rating assigning a 12-month price target of C$2.28, indicating an upside of 33.3% from current levels. Recently, ASM reported that for the first quarter of 2014, the revenues of the company grew 65% to C$5.7 million, while income from mine operations were significantly up by 173%. During the quarter, silver production increased 46% to 232,401oz, while gold production increased 122% to 1,274 oz.
Coverage on Savaria Corp (TSX: SIS), engaged in the manufacturing, installing and distributing elevators, platform lifts and stairlifts, was initiated with a buy rating at Laurentian Bank Securities assigning a 12-month price target of C$4.50, indicating an upside of 26.8% from current levels.
Clarus Securities downgraded Energold Drilling Corp (TSXV: EGD), a provider of contract diamond drilling services, to hold from accumulate lowering its price target to C$1.50 from C$2.00, indicating a downside of 11.2% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Amsurg Corp | NASDAQ | AMSG | 45.28 | 1,473.0 | Upgrade to strong buy from market perform | John W Ransom | Raymond James | 60.00 | 32.5% |
| Microsemi Corp | NASDAQ | MSCC | 24.33 | 2,310.5 | Upgrade to buy/neutral from neutral/neutral | Mark Delaney | Goldman Sachs | 30.00 | 23.3% |
| Avery Dennison Corp | NYSE | AVY | 50.70 | 4,826.9 | Upgrade to overweight from neutral | Jeffrey J Zekauskas | JPMorgan | 58.00 | 14.4% |
| Cowen Group Inc | NASDAQ | COWN | 4.13 | 476.5 | Initiate with buy | Steven Chubak | Nomura | 5.40 | 30.8% |
| Infoblox Inc | NYSE | BLOX | 12.96 | 698.2 | Downgrade to hold from buy | Vijay Bhagavath | Deutsche Bank | 18.00 | 38.9% |
Raymond James upgraded Amsurg Corp (NASDAQ: AMSG), the owner and operator of short stay ambulatory surgery centers (ASCs), to strong buy from market perform with a price target of $60.00, indicating an upside of 32.5% from current levels. Recently, AMSG inked an agreement to acquire Sheridan Healthcare, a provider of multi-specialty outsourced physician services, for $2.35 billion in a combination of cash and stock. Moreover, the combined company will have a total addressable market of approximately $70 billion and will encompass more than 4,600 physician relationships across 38 states creating a unique business model that will meet critical needs for physicians, health systems, communities and payers.
Microsemi Corp (NASDAQ: MSCC), a designer, manufacturer and marketer of analog and mixed-signal semiconductor solutions differentiated by power, security, reliability and performance, was upgraded to buy/neutral from neutral/neutral at Goldman Sachs increasing its price target to $30.00 from $26.00, indicating an upside of 23.3% from current levels.
JPMorgan upgraded Avery Dennison Corp (NYSE: AVY), engaged in developing, manufacturing, and marketing pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products, to overweight from neutral increasing its price target $58.00 from $52.00, indicating an upside of 14.4% from current levels. The rating firm believes that AVY can deliver consistent free cash flow and profitable growth.
Nomura initiated coverage on Cowen Group Inc (NASDAQ: COWN), a provider of alternative investment management, investment banking, research, and sales and trading services, with a buy rating assigning a 12-month price target of $5.40, indicating an upside of 30.8% from current levels.
Deutsche Bank downgraded Infoblox Inc (NYSE: BLOX), a manufacturer of a device that allows users to create and manage dynamic computer networks, to hold from buy lowering its price target to $18.00 from $30.00, indicating an upside of 38.9% from current levels.
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