| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| DragonWave Inc | TSX | DWI | 2.25 | 131.6 | Upgrade to buy from neutral | Kevin Dede | HC Wainwright & Co LLC | 3.20 | 42.2% |
| Perpetual Energy Inc | TSX | PMT | 2.26 | 336.6 | Upgrade to outperform from market perform | Gordon Tait | BMO Capital Markets | 2.75 | 21.7% |
| Pure Industrial Real Estate Trust | TSX | AAR-U | 4.56 | 865.0 | Upgrade to outperform from sector perform | Neil Downey | RBC Capital Markets | 5.25 | 15.1% |
| GuestLogix Inc | TSX | GXI | 1.28 | 117.5 | Initiate with speculative buy | Nikhil Thadani | Mackie Research Capital Corp. | 2.10 | 64.1% |
| Cathedral Energy Services Ltd | TSX | CET | 4.92 | 178.4 | Downgrade to underperform from market perform | Kevin Lo | FirstEnergy Capital Corp | 5.00 | 1.6% |
HC Wainwright & Co LLC upgraded DragonWave Inc (TSX: DWI), engaged in providing wireless Ethernet equipment for use in IP networks, to buy from neutral with a price target of C$3.20, indicating an upside of 42.2% from current levels. The rating upgraded the stock noting a strong top-line growth potential.
Perpetual Energy Inc (TSX: PMT), an independent natural gas producer, was upgraded to outperform from market perform at BMO Capital Markets increasing its price target to C$2.75 from C$2.00, indicating an upside of 21.7% from current levels.
Pure Industrial Real Estate Trust (TSX: AAR-U), an unincorporated open-ended real estate investment trust (REIT), was upgraded to outperform from sector perform at RBC Capital Markets with a price target of C$5.25, indicating an upside of 15.1% from current levels.
Mackie Research Capital Corp initiated coverage on GuestLogix Inc (TSX: GXI), a provider of onboard store technology and retail solutions that enable passenger travel operators, with a speculative buy assigning a 12-month price target ofC$2.10, indicating an upside of 64.1% from current levels.
FirstEnergy Capital Corp downgraded Cathedral Energy Services Ltd (TSX: CET), engaged in the business of providing selected oilfield services to oil and natural gas companies, to underperform from market perform with a price target of C$5.00, indicating an upside of 1.6% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Park Electrochemical Corp | NYSE | PKE | 30.59 | 638.8 | Upgrade to buy from sell | Sean K F Hannan | Needham & Co | 33.00 | 7.9% |
| Artisan Partners Asset Management Inc | NYSE | APAM | 55.97 | 4,003.3 | Initiate with market perform | David J Chiaverini | BMO Capital Markets | 58.00 | 3.6% |
| Premier Inc | NASDAQ | PINC | 28.90 | 4,190.0 | Initiate with buy | Sean Dodge | Jefferies | 36.00 | 24.6% |
| Atlas Energy LP | NYSE | ATLS | 45.98 | 2,385.4 | Initiate with outperform | Tj Schultz | RBC Capital Markets | 55.00 | 19.6% |
| Millennial Media Inc | NYSE | MM | 4.55 | 486.4 | Downgrade to equalweight from overweight | Andrew McNellis | Evercore Partners | 5.00 | 9.9% |
Needham & Co upgraded Park Electrochemical Corp (NYSE: PKE), a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials, to buy from sell with a price target of $33.00, indicating an upside of 7.9% from current levels. For the first quarter 2014 earnings, PKE reported an increase in net income to $8.6 million or 39 cents per share compared to $5.1 million, or 24 cents per share in the same quarter last year. Total revenues for the company increased 12.3% to $48.8 million y-o-y during the quarter.
BMO Capital Markets initiated coverage on Artisan Partners Asset Management Inc (NYSE: APAM), an independent investment management company, with a market perform rating assigning a 12-month price target of $58.00, indicating an upside of 3.6% from current levels. The rating firm notes that APAM reflects solid net new asset growth and expansion. Currently, the company has a dividend yield of 3.83%.
Coverage on Premier Inc (NASDAQ: PINC), a health care services provider, was initiated with a buy rating at Jefferies with a 12-month price target of $36.00, indicating an upside of 24.6% from current levels.
Analyst Tj Schultz at RBC Capital Markets started coverage on Atlas Energy LP (NYSE: ATLS), engaged in operating natural gas processing plants and gas gathering pipeline systems, with an outperform rating assigning a 12-month price target of $55.00, indicating an upside of 19.6% from current levels.
Evercore Partners downgraded Millennial Media Inc (NYSE: MM), an independent mobile advertising platform company, to equal-weight from overweight with a price target of $5.00, indicating an upside of 9.9% from current levels.
