| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Detour Gold Corp | TSX | DGC | 7.85 | 18 | Upgrade to hold from sell | Rahul Paul | Canaccord Genuity Corp | 8.00 | 1.9% |
| Progressive Waste Solutions Ltd | TSX | BIN | 25.22 | 18 | Upgrade to buy from hold | Chris Bowes | Canaccord Genuity Corp | 28.68 | 13.7% |
| Precision Drilling Corp | TSX | PD | 10.24 | 21 | Upgrade to outperform from market perform | Kevin Lo | FirstEnergy Capital Corp | 12.50 | 22.1% |
| Yangarra Resources Ltd | TSXV | YGR | 0.67 | 6 | Initiate with speculative buy | Robert Pare | Clarus Securities | 1.00 | 49.3% |
| New Gold Inc | TSX | NGD | 6.10 | 20 | Downgrade to hold from buy | Stuart Mcdougall | Jennings Capital | 6.50 | 6.6% |
Canaccord Genuity Corp upgraded Detour Gold Corp (TSX: DGC), a Canadian gold exploration and development company to hold from sell increasing its price target to C$8.00 from C$4.50, indicating an upside of 1.9% from current levels. The upgrade came after DGC unveiled an updated life of mine plan for its Detour Lake open pit mine in northeastern Ontario. The company reported that new mine plan supports a 21.7-year operating life with the current mineral reserves standing at 15.5 million ounces of gold.
Meanwhile, Canaccord upgraded Progressive Waste Solutions Ltd (TSX: BIN), a waste management company, to buy from hold increasing its price target to C$28.68 from the earlier target of $27.69, indicating an upside of 13.7% from current levels.
Precision Drilling Corp (TSX: PD), a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies, was upgraded to outperform from market perform at FirstEnergy Capital Corp raising its price target to C$12.50 from C$11.50, indicating an upside of 22.1% from current levels.
Clarus Securities initiated coverage on Yangarra Resources Ltd (TSXV: YGR), an oil and natural gas company engaged in the production and development of resource properties, with a speculative buy assigning a 12-month price target of C$1.00, indicating an upside of 49.3% from current levels.
Jennings Capital downgraded New Gold Inc (TSX: NGD), engaged in gold mining and related activities, including acquisition, exploration, extraction, processing and reclamation, to hold from buy lowering its price target to C$6.50 from the earlier target of C$8.00, indicating an upside of 6.6% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| ESCO Technologies Inc | NYSE | ESE | 34.84 | 7 | Upgrade to market outperform from market perform | Jonathan Tanwanteng | CJS Securities | 40.00 | 14.8% |
| Synageva BioPharma Corp | NASDAQ | GEVA | 90.70 | 11 | Upgrade to overweight from neutral | Geoffrey Meacham | JPMorgan | 110.00 | 21.3% |
| YY Inc | NASDAQ | YY | 65.03 | 10 | Upgrade to buy from hold | Vivian Hao | Deutsche Bank | 81.00 | 24.6% |
| SunCoke Energy Partners LP | NYSE | SXCP | 29.40 | 9 | Initiate with buy | Lucas Pipes | Brean Capital LLC | 36.00 | 22.4% |
| Echo Global Logistics Inc | NASDAQ | ECHO | 17.23 | 14 | Downgrade to neutral from outperform | Allison Landry | Credit Suisse | 17.00 | -1.3% |
CJS Securities upgraded ESCO Technologies Inc (NYSE: ESE), a producer of engineered products and systems for utilities, industrials, aerospace and commercial applications, to market outperform from market perform increasing its price target to $40.00 from $38.00, indicating an upside of 14.8% from current levels. Recently, for its first quarter 2014 results, ESE reported first quarter profit of $11.2 million compared to $0.27 million in the previous year quarter. The company also declared cash dividend of 8 cents per share payable on April 17th 2014 to shareholders recorded as of April 3rd 2014.
Synageva BioPharma Corp (NASDAQ: GEVA), a clinical-stage biopharmaceutical company, was upgraded to overweight from neutral at JPMorgan with a price target of $110.00, indicating an upside of 21.3% from current levels.
Analyst Vivian Hao at Deutsche Bank upgraded YY Inc (NASDAQ: YY), a communication social platform engaging users in online group activities, to buy from hold raising its price target to $81.00 from $55.00, indicating an upside of 24.6% from current levels. The analyst believes that based on in-depth analysis of the behavioral traits and consumption patterns of YY’s target customers and company strategy, the company is steadily gaining market share and its improving penetration in online live broadcasting market segments such as entertainment and education will act as catalysts for growth.
Brean Capital LLC initiated coverage on SunCoke Energy Partners LP (NYSE: SXCP), engaged in manufacturing coke used in the blast furnace production of steel, with a buy assigning a 12-month price target of $36.00, indicating an upside of 22.4% from the current levels.
Credit Suisse downgraded Echo Global Logistics Inc (NASDAQ: ECHO), a provider of technology enabled transportation and supply chain management services, to neutral from outperform lowering its price target to $17.00 from $23.00, indicating a downside of 1.3% from current levels.
