Notable Analyst Upgrades and Downgrades (NASDAQ: LIOX) (TSX: VIC)

Published:

The following stocks were upgraded/downgraded on May 09, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Vicwest Inc TSX VIC 9.54 8 Upgrade to sector perform from underperform John Chu Alta Corp Capital Inc. 9.50 -0.4%
Points International Ltd TSX PTS 24.65 8 Upgrade to outperform from sector perform Drew McReynolds RBC Capital Markets 29.42 19.4%
I-Minerals Inc TSXV IMA 0.32 1 Initiate with buy Bhakti Pavani Euro Pacific Capital Inc 1.00 212.5%
Lucara Diamond Corp TSX LUC 1.93 4 Downgrade to market perform from outperform Edward Sterck BMO Capital Markets 2.00 3.6%
New Flyer Industries Inc TSX NFI 11.82 6 Downgrade to hold from buy David Tyerman Canaccord Genuity Corp 11.50 -2.7%

Alta Corp Capital Inc. upgraded Vicwest Inc (TSX: VIC), a manufacturer and distributor of engineered storage and handling systems for grain, fertilizer and liquid storage, to sector perform from underperform, raising the price target to C$9.50 from C$9.00, a downside of 0.4% from current levels.

Points International Ltd (TSX: PTS), a provider of a range of e-commerce and technology services to loyalty program operators was upgraded at RBC Capital Markets, to outperform from sector perform. However, the target price was reduced to C$29.42 from C$32.93, an upside of 19.4% from current levels.

Euro Pacific Capital Inc initiated coverage on I-Minerals Inc (TSXV: IMA), engaged in the development of the Helmer-Bovill industrial mineral property, with buy assigning a 12-month price target of C$1.00, an upside of 212.5% from current levels.

BMO Capital Markets downgraded Lucara Diamond Corp (TSX: LUC), a diamond development company focused in Africa, to market perform from outperform, maintaining the price target at C$2.00, an upside of 3.6% from current levels.

New Flyer Industries Inc (TSX: NFI), a manufacturer of heavy-duty transit buses in the United States and Canada, was downgraded at Canaccord Genuity Corp to hold from buy, reducing the price target to C$11.50 from C$12.50, a downside of 2.7% from current levels.

The following stocks were upgraded/downgraded on May 09, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Lionbridge Technologies Inc NASDAQ LIOX 5.81 5 Upgrade to strong buy from buy Randy L Hugen Feltl & Company 8.00 37.7%
Black Box Corp NASDAQ BBOX 23.08 2 Upgrade to buy from neutral Gregory Burns Sidoti & Company LLC 26.00 12.7%
Digimarc Corp NASDAQ DMRC 32.50 3 Initiate with outperform Jeffrey T Kessler Imperial Capital LLC 37.00 13.8%
TechTarget Inc NASDAQ TTGT 7.53 2 Downgrade to hold from buy Daniel L Kurnos TechTarget Inc 6.00 -20.3%
FXCM Inc NYSE FXCM 12.85 10 Downgrade to hold from buy Richard H Repetto Sandler O’Neill & Partners, LP 14.00 8.9%

Feltl & Company upgraded Lionbridge Technologies Inc (NASDAQ: LIOX), a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets, to strong buy from buy, maintaining the price target at $8.00, an upside of 37.7% from current levels.

Black Box Corp (NASDAQ: BBOX), a communications system integrator focusing on designing, sourcing, implementing and maintaining communications solutions, was upgraded at Sidoti & Company LLC, to buy from neutral, maintaining the price target at $26.00, an upside of 12.7% from current levels.

Imperial Capital LLC initiated coverage on Digimarc Corp (NASDAQ: DMRC), which enables governments and enterprises worldwide to give digital identities to media and objects that computers can sense and recognize and, to which they can react, with outperform assigning a 12-month price target of $37.00, an upside of 13.8% from current levels.

TechTarget Inc downgraded TechTarget Inc (NASDAQ: TTGT), a provider of specialized online content and brand advertising that brings together buyers and sellers of corporate information technology products, to hold from buy, maintaining the price target at $6.00, a downside of 20.3% from current levels.

FXCM Inc (NYSE: FXCM), an online provider of foreign exchange trading and related services to approximately 170,930 active retail customers globally, was downgraded at Sandler O’Neill & Partners, LP to hold from buy, reducing the price target to $14.00 from $17.00, an upside of 8.9% from current levels.

Related articles

Recent articles