Notable Analyst Upgrades and Downgrades (NYSE: LII) (TSX: CWX)

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The following stocks were upgraded/downgraded on July 23, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
CanWel Building Materials Group Ltd TSX CWX 6.10 175.1 Upgrade to outperform from market perform Steven P Hansen Raymond James 6.50 6.6%
AG Growth International Inc TSX AFN 48.13 629.4 Upgrade to buy from market perform Marc Robinson Cormark Securities Inc. 53.00 10.1%
Sprott Inc TSX SII 2.92 725.1 Upgrade to buy from hold Graham Ryding TD Securities 4.00 37.0%
Espial Group Inc TSX ESP 3.01 70.1 Initiate with buy Eyal Ofir Clarus Securities 4.00 32.9%
Timmins Gold Corp TSX TMM 1.96 320.2 Downgrade to market perform from outperform Adam P Graf Cowen and Company 2.34 19.4%

Raymond James upgraded CanWel Building Materials Group Ltd (TSX: CWX), a national wholesale distributor of building materials and home renovation products and provides wood pressure treating services, to outperform from market perform increasing its price target to C$6.50 from C$5.50, indicating an upside of 6.6% from current levels.

AG Growth International Inc (TSX: AFN), conducting business in the grain handling, storage and conditioning market, was upgraded to buy from market perform at Cormark Securities Inc. raising its price target to C$53.00 from C$50.00, indicating an upside of 10.1% from current levels.

TD Securities upgraded Sprott Inc (TSX: SII), an independent asset management company, to buy from hold with a 12-months price target of C$4.00, indicating an upside of 37% from current levels.

Clarus Securities initiated coverage on Espial Group Inc (TSX: ESP), a Canada-based developer and marketer of software solutions that enable the delivery of Internet protocol television (IPTV), with a buy rating assigning a 12-month price target of C$4.00, indicating an upside of 32.9% from current levels.

Cowen and Company downgraded Timmins Gold Corp (TSX: TMM), a gold mining and exploration company, to market perform from outperform lowering its price target to C$2.34 from C$2.36, indicating an upside of 19.4% from current levels.

The following stocks were upgraded/downgraded on July 23, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Lennox International Inc NYSE LII 91.10 4,425.0 Upgrade to buy/attractive from neutral/attractive Samuel H Eisner Goldman Sachs 102.00 12.0%
PDC Energy Inc NASDAQ PDCE 55.05 1,970.4 Upgrade to sector outperform from sector perform Brian Corales Howard Weil Inc 86.00 56.2%
Cardtronics Inc NASDAQ CATM 36.04 1,603.1 Upgrade to overweight from neutral Reginald L Smith JPMorgan 45.00 24.9%
Gentherm Inc NASDAQ THRM 48.65 1,716.1 Initiate with overweight Samik Chatterjee JPMorgan 57.00 17.2%
Sunstone Hotel Investors Inc NYSE SHO 14.99 3,079.4 Downgrade to neutral from outperform David Loeb Robert W. Baird & Co 16.00 6.7%

Goldman Sachs upgraded Lennox International Inc (NYSE: LII), a provider of climate control solutions engaged in designing, manufacturing and marketing a range of products for the heating, ventilation, air conditioning and refrigeration (HVACR) markets, to buy/attractive from neutral/attractive increasing its price target to $102.00 from $93.00, indicating an upside of 12% from current levels.

PDC Energy Inc (NASDAQ: PDCE), a domestic independent exploration and production company, which acquires, develops, explores, and produces natural gas, natural gas liquids (NGLs), and crude oil, was upgraded to sector outperform from sector perform at Howard Weil Inc with a price target of $86.00, indicating an upside of 56.2% from current levels.

JPMorgan upgraded Cardtronics Inc (NASDAQ: CATM), a provider of automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks, to overweight from neutral increasing its price to $45.00 from $39.00, indicating an upside of 24.9% from current levels.

Meanwhile, JP Morgan initiated coverage on Gentherm Inc (NASDAQ: THRM), a developer and marketer of thermal management technologies for a range of heating and cooling and temperature control applications, with an overweight rating assigning a 12-months price target of $57.00, indicating an upside of 17.2% from current levels.

Robert W. Baird & Co downgraded Sunstone Hotel Investors Inc (NYSE: SHO), a real estate investment trust (REIT) with primary business to acquire, own, asset manage and renovate full-service hotel properties, to neutral from outperform with a price target of $16.00, indicating an upside of 6.7% from current levels.

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