Notable Analyst Upgrades and Downgrades (NASDAQ: MOFG) (TSXV: SLG)

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The following stocks were upgraded/downgraded on June 16, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Sterling Resources Ltd TSXV SLG 0.60 185.5 Upgrade to speculative buy from market perform Stephane Foucaud FirstEnergy Capital Corp 1.00 66.7%
NovaCopper Inc TSX NCQ 1.03 55.2 Initiate with buy Heiko F Ihle HC Wainwright & Co LLC 2.17 110.7%
Absolute Software Corp TSX ABT 6.80 296.9 Initiate with outperform Michael W Kim Imperial Capital LLC 8.95 31.6%
Agnico Eagle Mines Ltd TSX AEM 36.29 6,330.8 Re-initiate with outperform David Haughton BMO Capital Markets 47.74 31.6%
Silver Standard Resources Inc TSX SSO 8.31 671.1 downgrade to sell from hold EVA Dimensions EVA Dimensions NA NA

FirstEnergy Capital Corp upgraded Sterling Resources Ltd (TSXV: SLG), an energy company engaged in the acquisition of petroleum and natural gas rights, and the exploration for, and the development and production of, crude oil and natural gas, to speculative buy from market perform increasing its price target to C$1.00 from C$0.85, indicating an upside of 66.7% from current levels.

HC Wainwright & Co LLC initiated coverage on NovaCopper Inc (TSX: NCQ), a base metals exploration company engaged in the exploration and development of mineral properties, with a buy rating assigning a 12-month price target of C$2.17, indicating an upside of 110.7% from current levels.

Coverage on Absolute Software Corp (TSX: ABT), a provider of endpoint firmware-persistent security and management solutions for computing devices such as computers, tablets and smart-phones, was initiated with an outperform at Imperial Capital LLC with a 12-month price target of C$8.95, indicating an upside of 31.6% from current levels.

BMO Capital Markets re-initiated coverage on Agnico Eagle Mines Ltd (TSX: AEM), a Canada-based international gold producer, with an outperform rating assigning a 12-month price target of C$47.74, indicating upside of 31.6% from current levels.

EVA Dimensions downgraded Silver Standard Resources Inc (TSX: SSO), a silver resource company, to sell from hold. The rating firm did not assign any price target to the stock.

The following stocks were upgraded/downgraded on June 16, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
MidWestOne Financial Group Inc NASDAQ MOFG 23.38 198.2 Upgrade to outperform from market perform Daniel Cardenas Raymond James 29.00 24.0%
Inter Parfums Inc NASDAQ IPAR 29.64 916.8 Upgrade to buy from hold Frank A Camma Sidoti & Company LLC 36.00 21.5%
Exterran Holdings Inc NYSE EXH 43.47 2,897.9 Upgrade to sector outperform from sector perform Blake A Hutchinson Howard Weil Inc 52.00 19.6%
Global Eagle Entertainment Inc NASDAQ ENT 10.98 790.4 Initiate with outperform Andrew Degasperi Macquarie 18.00 63.9%
Ply Gem Holdings Inc NYSE PGEM 11.28 765.2 Downgrade to sell/attractive from neutral/neutral Eli Hackel Goldman Sachs 11.00 -2.5%

Raymond James upgraded MidWestOne Financial Group Inc (NASDAQ: MOFG), a bank holding company providing full banking services, to outperform from market perform with a price target of $29.00, indicating an upside of 24% from current levels.

Inter Parfums Inc (NASDAQ: IPAR), engaged in operating fragrance business and manufactures, markets and distributes an array of fragrances and fragrance related products, was upgraded to buy from hold at Sidoti & Company LLC with a price target of $36.00, indicating an upside of 21.5% from current levels.

Howard Weil Inc upgraded Exterran Holdings Inc (NYSE: EXH), engaged in the full-service natural gas compression business, to sector outperform from sector perform, with a price target of $52.00, indicating an upside of 19.6% from current levels. The rating firm notes that EXH is leveraged to a turn in industry fundamentals.

Macquarie initiated coverage on Global Eagle Entertainment Inc (NASDAQ: ENT), engaged in offering airline content and connectivity services, with an outperform rating assigning a 12-month price target of $18.00, indicating an upside of 63.9% from current levels. Recently, ENT announced that it has been selected to equip Nok Air, Thailand’s premium low cost airline, with satellite-based connectivity and content services across its entire fleet.

Goldman Sachs downgraded Ply Gem Holdings Inc (NYSE: PGEM), a manufacturer of residential exterior building products, to sell/attractive from neutral/neutral with a price target of $11.00, indicating a downside of 2.5% from current levels.

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