Notable Analyst Upgrades and Downgrades (NYSE: BLT) (TSX: DPM)

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The following stocks were upgraded/downgraded on June 09, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Dundee Precious Metals Inc TSX DPM 3.95 551.1 Upgrade to sector outperform from sector perform Leon Esterhuizen CIBC World Markets 6.00 51.9%
Ritchie Bros Auctioneers Inc TSX RBA 26.26 2,814.3 Upgrade to buy from hold Peter Prattas Cantor Fitzgerald 28.37 8.0%
ProntoForms Corp TSXV PFM 0.45 31.7 Initiate with strong buy Joseph Mackay Global Maxfin Capital Inc 0.75 66.7%
Goldrock Mines Corp TSXV GRM 0.40 31.6 Initiate with speculative buy Stuart McDougall Jennings Capital 1.15 187.5%
Chinook Energy Inc TSX CKE 2.41 516.2 Initiate with buy Geoff Ready Dundee Securities Corp 2.75 14.1%

CIBC World Markets upgraded Dundee Precious Metals Inc (TSX: DPM), an international gold mining company, to sector outperform from sector perform, raising the price target to C$6.00 from C$5.00, an upside of 51.9% from current levels.

Ritchie Bros Auctioneers Inc (TSX: RBA), engaged in the sale of industrial equipment and other assets at auctions was upgraded at Cantor Fitzgerald, to buy from hold, raising the price target to C$28.37 from C$26.30, an upside of 8.0% from current levels.

Global Maxfin Capital Inc initiated coverage on ProntoForms Corp (TSXV: PFM), a provider of mobile business software solutions for enterprises and small/medium businesses, with strong buy assigning a 12-month price target of C$0.75, an upside of 66.7% from current levels.

Jennings Capital initiated coverage on Goldrock Mines Corp (TSXV: GRM), engaged in the acquisition and exploration and evaluation of assets located primarily in Argentina, with speculative buy assigning a 12-month price target of C$1.15, an upside of 187.5% from current levels.

Dundee Securities Corp initiated coverage on Chinook Energy Inc (TSX: CKE), a Calgary-based public oil and natural gas exploration and development company with predominately natural gas and liquids assets in Western Canada and crude oil onshore and offshore in Tunisia, North Africa, with buy assigning a 12-month price target of C$2.75, an upside of 14.1% from current levels.

The following stocks were upgraded/downgraded on June 09, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Blount International Inc NYSE BLT 13.15 650.4 Upgrade to buy from hold Steve Barger KeyBanc Capital Markets 16.00 21.7%
Bankwell Financial Group Inc NASDAQ BWFG 17.82 117.5 Initiate with outperform Collyn Bement Gilbert Keefe, Bruyette & Woods 21.00 17.8%
Akers Biosciences Inc NASDAQ AKER 4.00 19.6 Initiate with buy Dr Raghuram Selvaraju Aegis Capital Corp. 11.00 175.0%
Brandywine Realty Trust NYSE BDN 15.47 2,429.4 Downgrade to neutral from buy George Auerbach ISI Group 16.00 3.4%
Kofax Ltd NASDAQ KFX 8.45 778.5 Downgrade to hold from buy George O’Connor Panmure Gordon & Co Limited 7.98 -5.6%

KeyBanc Capital Markets upgraded Blount International Inc (NYSE: BLT), a global industrial company engaged in design, manufacture, and marketing of equipment, replacement and component parts, and accessories for professionals and consumers, to buy from hold with a price target of $16.00, an upside of 21.7% from current levels.

Keefe, Bruyette & Woods initiated coverage on Bankwell Financial Group Inc (NASDAQ: BWFG),  a federally-chartered bank holding company located in New Canaan, Connecticut, with outperform assigning a 12-month price target of $21.00, an upside of 17.8% from current levels.

Aegis Capital Corp. initiated coverage on Akers Biosciences Inc (NASDAQ: AKER), a developer of rapid, point of care screening and testing products designed to bring healthcare information both rapidly and directly to the consumer or healthcare provider, with buy assigning a 12-month price target of $11.00, an upside of 175.0% from current levels.

ISI Group downgraded Brandywine Realty Trust (NYSE: BDN), a self-administered and self-managed REIT, to neutral from buy. However, the target price was increased to $16.00 from $15.50, an upside of 3.4% from current levels.

Kofax Ltd (NASDAQ: KFX), a provider of smart process applications software and related maintenance and professional services for the critical First Mile of interactions between businesses, government agencies and other organizations , was downgraded at Panmure Gordon & Co Limited to hold from buy, reducing the price target to $7.98 from $8.26, a downside of 5.6% from current levels.

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