Notable Analyst Upgrades and Downgrades (NASDAQ: ACHN) (TSX: TN-U)

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The following stocks were upgraded/downgraded on June 10, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
True North Apartment Real Estate Investment Trust TSX TN-U 8.19 152.5 Upgrade to buy from hold Robert Sutherland Euro Pacific Canada Inc 10.25 25.2%
Regal Lifestyle Communities Inc TSX RLC 7.83 185.7 Upgrade to buy from hold Jonathan Kelcher TD Securities 9.50 21.3%
Storm Resources Ltd TSXV SRX 5.30 582.3 Initiate with buy Gregory Shaw Jennings Capital 7.00 32.1%
CCL Industries Inc TSX CCL/B 107.11 3,700.1 Initiate with buy Damir Gunja TD Securities 130.00 21.4%
Golden Queen Mining Co Ltd TSX GQM 1.55 154.2 Downgrade to hold from buy Derek Macpherson M Partners Inc 1.70 9.7%

Euro Pacific Canada Inc upgraded True North Apartment Real Estate Investment Trust (TSX: TN-U), a real estate investment trust focused on middle-market multi-residential properties across North America, to buy from hold, raising the price target to C$10.25 from C$8.85, an upside of 25.2% from current levels.

Regal Lifestyle Communities Inc (TSX: RLC), engaged in offering and acquiring a portfolio consisting of income-producing retirement communities offering primarily independent serviced living and assisted living programs was upgraded at TD Securities, to buy from hold, raising the price target to C$9.50 from C$8.50, an upside of 21.3% from current levels.

Jennings Capital initiated coverage on Storm Resources Ltd (TSXV: SRX), an oil and gas exploration and development company, with buy assigning a 12-month price target of C$7.00, an upside of 32.1% from current levels.

TD Securities initiated coverage on CCL Industries Inc (TSX: CCL/B), an oil and gas exploration and development company, with buy assigning a 12-month price target of C$130.00, an upside of 21.4% from current levels.

Golden Queen Mining Co Ltd (TSX: GQM), engaged in exploring its mineral properties located south of Mojave in Kern County in southern California was downgraded at M Partners Inc to hold from buy, reducing the price target to C$1.70 from C$2.50, an upside of 9.7% from current levels.

The following stocks were upgraded/downgraded on June 10, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Achillion Pharmaceuticals Inc NASDAQ ACHN 7.79 754.0 Upgrade to outperform from neutral Brian P Skorney Robert W. Baird & Co 12.00 54.0%
Entropic Communications Inc NASDAQ ENTR 3.40 302.1 Upgrade to buy from hold Rajvindra S. Gill Needham & Co 4.50 32.4%
Heritage Financial Group Inc NASDAQ HBOS 18.29 143.5 Initiate with outperform Christopher W Marinac FIG Partners LLC 25.00 36.7%
Coupons.com Inc NYSE COUP 24.88 1,928.8 Downgrade to sell/neutral from neutral/neutral Debra Schwartz Goldman Sachs 19.00 -23.6%
Hillshire Brands Co/The NYSE HSH 61.97 7,600.5 Downgrade to neutral from outperform Robert Moskow Credit Suisse 63.00 1.7%

Robert W. Baird & Co upgraded Achillion Pharmaceuticals Inc (NASDAQ: ACHN), a biopharmaceutical company focused on the discovery, development and commercialization of treatments for infectious diseases, to outperform from neutral, raising the price target to $12.00 from $4.00, an upside of 54.0% from current levels.

Entropic Communications Inc (NASDAQ: ENTR), a provider of semiconductor solutions for the connected home, was upgraded at Needham & Co, to buy from hold with a price target of $4.50, an upside of 32.4% from current levels.

FIG Partners LLC initiated coverage on Heritage Financial Group Inc (NASDAQ: HBOS), the bank holding company for HeritageBank of the South engaged in attracting retail and commercial deposits from the general public and investing those funds in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences, multi-family residences and commercial property and a variety of consumer and commercial business loans, with outperform assigning a 12-month price target of $25.00, an upside of 36.7% from current levels.

Goldman Sachs downgraded Coupons.com Inc (NYCE: COUP), an operator of a digital promotion platform that connects great brands and retailers with consumers, to sell/neutral from neutral/neutral, maintaining the price target at $19.00, a downside of 23.6% from current levels.

Hillshire Brands Co/The (NYCE: HSH), a manufacturer and marketer of food products, was downgraded at Credit Suisse to neutral from outperform. However, the target price was increased to $63.00 from $45.00, an upside of 1.7% from current levels.

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