Notable Analyst Upgrades and Downgrades (NYSE: RRTS) (TSX: TCW)

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The following stocks were upgraded/downgraded on July 30, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Trican Well Service Ltd TSX TCW         16.23        2,420.9 Upgrade to sector perform from sector underperform Jon Morrison CIBC World Markets 19.00 17.1%
Romarco Minerals Inc TSX         0.90           593.7 Upgrade to outperform from sector perform Sam Crittenden RBC Capital Markets 1.25 38.9%
Genworth MI Canada Inc TSX MIC         39.25        3,726.0 Upgrade to outperform from market perform Tom MacKinnon BMO Capital Markets 46.00 17.2%
Corridor Resources Inc TSX CDH          1.96           173.5 Initiate with buy Kuno Ryckborst Beacon Securities Ltd 2.65 35.2%
Major Drilling Group International Inc TSX MDI          9.20           728.3 Downgrade to sector perform from outperform Sam Crittenden RBC Capital Markets 9.00 -2.2%

CIBC World Markets upgraded Trican Well Service Ltd (TSX: TCW), an oilfield services company providing an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells, to sector perform from sector underperform increasing its price target to C$19.00 from C$18.00, indicating an upside of 17.1% from current levels.

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 upgraded to outperform from sector perform at RBC Capital Markets raising its price target to C$1.25 from C$1.00, indicating an upside of 38.9% from current levels.

However, RBC downgraded Major Drilling Group International Inc (TSX: MDI), a drilling service company engaged in contract drilling for companies primarily involved in mining and mineral exploration, to sector perform from outperform with a price target of C$9.00, indicating a downside of 2.2% from current levels.

BMO Capital Markets upgraded Genworth MI Canada Inc (TSX: MIC), a private residential mortgage insurer providing mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers, to outperform from market perform increasing its price target to C$46.00 from $41.00, indicating an upside of 17.2% from current levels.  

Beacon Securities Ltd initiated coverage on Corridor Resources Inc (TSX: CDH), a junior resource company engaged in the exploration for and development and production of petroleum and natural gas, with a buy rating assigning a 12-month price target of C$2.65, indicating an upside of 35.2% from current levels.

The following stocks were upgraded/downgraded on July 30, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Roadrunner Transportation Systems Inc NYSE RRTS         27.60        1,044.8 Upgrade to outperform from market perform Arthur W Hatfield Raymond James 31.00 12.3%
Independent Bank Group Inc NASDAQ IBTX         49.83           815.8 Upgrade to outperform from neutral John Moran Macquarie 56.00 12.4%
Internap Network Services Corp NASDAQ INAP          7.13           387.8 Upgrade to outperform from market perform Colby Synesael Cowen and Company 12.00 68.3%
Enphase Energy Inc NASDAQ ENPH         10.49           447.0 Initiate with outperform Ashok Kumar Imperial Capital LLC 12.00 14.4%
Vantage Drilling Co NYSE VTG          1.89           578.7 Downgrade to neutral from buy Mark Brown Global Hunter Securities 2.10 11.1%

Raymond James upgraded Roadrunner Transportation Systems Inc (NYSE: RRTS), a transportation and logistics service provider offering a full suite of logistic solutions, to outperform from market perform with a price target of $31.00, indicating an upside of 12.3% from current levels.

Independent Bank Group Inc (NASDAQ: IBTX), bank holding company engaged in providing a range of commercial banking products and services for businesses, professionals and individuals, was upgraded to outperform from neutral at Macquarie with a price target of $56.00, indicating an upside of 12.4% from current levels.

Cowen and Company upgraded Internap Network Services Corp (NASDAQ: INAP), a provider of intelligent information technology (IT) Infrastructure services that combine performance and platform flexibility, to outperform from market perform raising its price target to $12.00 from $7.50, indicating an upside of 68.3% from current levels.

Imperial Capital LLC initiated coverage on Enphase Energy Inc (NASDAQ: ENPH), engaged in designing, developing and selling micro-inverter systems for the solar photovoltaic industry, with an outperform rating assigning a 12-month price target of $12.00, indicating an upside of 14.4% from current levels. 

Global Hunter Securities downgraded Vantage Drilling Co (NYSE: VTG), an international offshore drilling company focused on operating a fleet of drilling units, to neutral from buy lowering its price target to $2.10 from the earlier target price of C$2.55, indicating an upside of 11.1% from current levels.

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