| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Alexco Resource Corp | TSX | AXR | 1.20 | 75.1 | Upgrade to speculative buy from reduce | Graeme Jennings | Cormark Securities Inc. | 1.75 | 45.8% |
| BlackBerry Ltd | TSX | BB | 9.00 | 4,741.4 | Upgrade to buy from sell | Colin W Gillis | BGC Partners | 16.31 | 81.2% |
| Hydrogenics Corp | TSX | HYG | 20.20 | 203.8 | Initiate with buy | Dev Bhangui | Jennings Capital | 23.92 | 18.4% |
| Romarco Minerals Inc | TSX | R | 0.93 | 613.3 | Initiate with buy | Ryan Walker | Euro Pacific Canada Inc | 1.25 | 34.4% |
| New Zealand Energy Corp | TSXV | NZ | 0.12 | 19.7 | downgrade to hold from buy | Neil Fonseca | EVA Dimensions | NA | NA |
Cormark Securities Inc. upgraded Alexco Resource Corp (TSX: AXR), engaged in the process of mining, exploring and developing its mineral properties, to speculative buy from reduce with a price target to C$1.75, indicating an upside of 45.8% from current levels.
BlackBerry Ltd (TSX: BB), a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market, was upgraded to buy from sell at BGC Partners increasing its price target to C$16.31 from C$8.85, indicating an upside of 81.2% from current levels. BB is scheduled to report its earnings today. The rating firm upgraded the stock following the announcement of a licensing deal with Amazon.com Inc that will let the Canadian smartphone maker offer some 240,000 Android applications from Amazon’s app store on its lineup of BB10 devices this fall.
Jennings Capital initiated coverage on Hydrogenics Corp (TSX: HYG), engaged in designing, developing and providing hydrogen generation and fuel cell products based on water electrolysis technology and proton exchange membrane (PEM) technology, with a buy rating assigning a 12-month price target of C$23.92, indicating an upside of 18.4% from current levels.
Coverage on Romarco Minerals Inc (TSX: R), an exploration and development stage mining company engaged in the acquisition, exploration and development of precious metals mineral properties, was initiated with a buy at Euro Pacific Canada Inc with a 12-month price target of C$1.25, indicating an upside of 34.4% from current levels.
EVA Dimensions downgraded New Zealand Energy Corp (TSXV: NZ), an oil and natural gas company engaged in the exploration, acquisition and development of petroleum and natural gas, to hold from buy. The rating firm did not assign any price target to the stock.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Diamond Foods Inc | NASDAQ | DMND | 27.72 | 870.0 | Upgrade to buy from hold | Akshay S Jagdale | KeyBanc Capital Markets | 32.00 | 15.4% |
| Nordson Corp | NASDAQ | NDSN | 82.21 | 5,233.9 | Upgrade to outperform from market perform | Rudolf A Hokanson | Barrington Research | 95.00 | 15.6% |
| Geopark Ltd | NYSE | GPRK | 9.13 | 528.3 | Initiate with sector outperform | Gavin Wylie | Scotia Capital | 14.00 | 53.3% |
| Compugen Ltd | NASDAQ | CGEN | 9.52 | 459.9 | Initiate with market outperform | Michael G King Jr | JMP Securities | 14.00 | 47.1% |
| Outerwall Inc | NASDAQ | OUTR | 61.18 | 1,247.0 | Downgrade to neutral from buy | Eric Wold | B Riley & Co | 76.00 | 24.2% |
KeyBanc Capital Markets upgraded Diamond Foods Inc (NASDAQ: DMND), a packaged food company focused on building and energizing brands, to buy from hold with a price target of $32.00, indicating an upside potential of 15.4% from current levels. The rating firm notes that the recent underperformance in company’s stock price, elimination of the “tail-risk” associated with the company and an emerging inflection in its snacks segment growth will act as catalyst for the growth of the stock.
Nordson Corp (NASDAQ: NSDN), a manufacturer of equipment used for precision material dispensing, testing and inspection, surface preparation and curing, was upgraded to outperform from market perform at Barrington Research with a price target of $95.00, indicating an upside of 15.6% from current levels. For the second quarter 2014, NSDN recently reported that its sales grew 9% to $417.0 million over the same quarter last year, while the operating profit grew 13% to $93 million from the year ago quarter, with operating margin of 22%.
Scotia Capital initiated coverage on Geopark Ltd (NYSE: GPRK), an oil and gas exploration and production company, with a sector outperform rating assigning a 12-month price target of $14.00, indicating an upside of 53.3% from current levels.
Coverage on Compugen Ltd (NASDAQ: CGEN), engaged in developing accelerator products for algorithms used to analyze DNA generated by means of high throughput sequencing, was initiated with market outperform at JMP Securities with a 12-month price target of $14.00, indicating an upside of 47.1% from current levels.
B Riley & Co downgraded Outerwall Inc (NASADQ: OUTR), a provider of automated retail solutions, which offers convenient products and services, to neutral from buy with a price target of $76.00, indicating an upside of 24.2% from current levels.
