| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Bell Aliant Inc | TSX | BA | 27.77 | 6,327.0 | Upgrade to outperform from neutral | Greg MacDonald | Macquarie | 29.00 | 4.4% |
| Pason Systems Inc | TSX | PSI | 30.70 | 2,533.0 | Initiate with outperform | Sean Wetmore | National Bank Financial | 35.00 | 14.0% |
| Element Financial Corp | TSX | EFN | 13.37 | 2,533.7 | Re -initiate with outperform | Geoffrey Kwan | RBC Capital Markets | 18.00 | 34.6% |
| BlackPearl Resources Inc | TSX | PXX | 2.27 | 761.1 | Downgrade to sector perform from sector outperform | William S Lee | Scotia Capital | 3.00 | 32.2% |
| Augusta Resource Corp | TSX | AZC | 3.44 | 500.4 | Downgrade to hold from speculative buy | Gary Lampard | Canaccord Genuity Corp | 4.00 | 16.3% |
Macquarie upgraded Bell Aliant Inc (TSX: BA), a regional communications service provider offering a range of communications, information and entertainment services, to outperform from neutral raising its price target to C$29.00 from the earlier target of C$27.00, indicating an upside of 4.4% from current levels. Recently, BA declared a quarterly dividend of C$0.48 per share payable on July 07, 2014.
National Bank Financial initiated coverage on Pason Systems Inc (TSX: PSI), an international oil services company engaged in providing instrumentation systems for rent or sale to land-based and offshore drilling operations in the oil and gas industry, with an outperform rating assigning a 12-month price target of C$35.00, indicating an upside of 14% from current levels. Recently, PSI entered into a joint venture agreement with Rawabi Holding Company Limited to distribute PSI’s data management systems for drilling rigs in the Kingdom of Saudi Arabia and will serve as service provider in certain countries in the region.
RBC Capital Markets re-initiated coverage on Element Financial Corp (TSX: EFN), a Canada-based company that provides equipment financing services, with an outperform rating assigning a 12-month price target of C$18.00, indicating an upside of 34.6% from current levels.
Scotia Capital downgraded BlackPearl Resources Inc (TSX: PXX), a Canada-based company that provides equipment financing services, to sector perform from sector outperform lowering its price target to C$3.00 from C$3.50, indicating an upside of 32.2% from current levels.
Augusta Resource Corp (TSX: AZC), engaged in the acquisition, exploration and development of natural mineral resource properties, was downgraded to hold from speculative buy with a price target of C$4.00, indicating an upside of 16.3% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| AMERISAFE Inc | NASDAQ | AMSF | 39.95 | 746.0 | Upgrade to buy from neutral | Robert Paun | Sidoti & Company LLC | 49.00 | 22.7% |
| Burlington Stores Inc | NYSE | BURL | 31.53 | 2,335.4 | Upgrade to buy/attractive from neutral/attractive | Stephen Grambling | Goldman Sachs | 37.00 | 17.3% |
| Ryman Hospitality Properties Inc | NYSE | RHP | 47.98 | 2,437.3 | Upgrade to buy from hold | Chris Woronka | Deutsche Bank | 58.00 | 20.9% |
| Emerald Oil Inc | NYSE | EOX | 7.74 | 513.1 | Initiate with buy | Curtis R Trimble | Brean Capital LLC | 10.00 | 29.2% |
| MICROS Systems Inc | NASDAQ | MCRS | 67.98 | 5,086.3 | Downgrade to sector perform from outperform | Daniel R Perlin | RBC Capital Markets | 68.00 | 0.0% |
Sidoti & Company LLC upgraded AMERISAFE Inc (NASDAQ: AMSF), an insurance holding company engaged in providing workers’ compensation insurance to small to mid-sized employers, to buy from neutral increasing its price target to $49.00 from $44.00, indicating an upside of 22.7% from current levels.
Burlington Stores Inc (NYSE: BURL), a national off-price retailer of branded apparel, was upgraded to buy/attractive from neutral/attractive at Goldman Sachs increasing its price target to $37.00 from $33.00, indicating an upside of 17.3% from current levels. The rating firm believes that additional brand introduction, refined inventory management, and cost control will support the continuation of improvements in sales productivity and margins. Moreover, the rating firm notes that BURL is significantly discounted on a P/S basis and moderately underpriced based on P/E.
Deutsche Bank upgraded Ryman Hospitality Properties Inc (NYSE: RHP), a real estate investment trust specializing in group-oriented, destination hotel assets in urban and resort markets, to buy from hold raising its price target to $58.00 from $46.00, indicating an upside of 20.9% from current levels.
Brean Capital LLC initiated coverage on Emerald Oil Inc (NYSE: EOX), an independent oil and natural gas exploration and production company, with a buy rating assigning a 12-month price target of $10.00, indicating an upside of 29.2% from current levels.
RBC Capital Markets downgraded MICROS Systems Inc (NASDAQ: MCRS), a global designer, manufacturer, and marketer of enterprise information solutions for the global hospitality and retail industries, to sector perform from outperform with a price target of $68.00 per share.
