| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Teranga Gold Corp | TSX | TGZ | 0.82 | 9 | Upgrade to market perform from underperform | Andrew Breichmanas | BMO Capital Markets | 1.00 | 22.0% |
| Sandvine Corp | TSX | SVC | 3.58 | 12 | Upgrade to buy from hold | Deepak Kaushal | GMP | 4.50 | 25.7% |
| Redknee Solutions Inc | TSX | RKN | 5.17 | 8 | Initiate with sector perform | Paul Treiber | RBC Capital Markets | 6.00 | 16.1% |
| Spartan Energy Corp | TSXV | SPE | 3.85 | 8 | Initiate with outperform | Cody R Kwong | FirstEnergy Capital Corp | 5.00 | 29.9% |
| ENTREC Corp | TSXV | ENT | 1.27 | 10 | Downgrade to hold from buy | John Bereznicki | Canaccord Genuity Corp | 1.60 | 26.0% |
BMO Capital Markets upgraded Teranga Gold Corp (TSX: TGZ), a Canada based gold company engaged in the production and sale of gold, as well as related activities such as exploration and mine development, to market perform from underperform increasing its price target to C$1.00 from C$0.75, indicating an upside of 22% from current levels. Recently, TGZ announced a Bought Deal financing worth C$30 million with a syndicate of underwriters pursuant to which they have agreed to purchase 36 million common shares at a price of C$0.83 per share.
GMP upgraded Sandvine Corp (TSX: SVC), a Canada-based company engaged in developing and marketing Network Policy Control solutions for high-speed, or broadband, Internet service providers, to buy from hold raising its price target to C$4.50 from C$3.00, indicating an upside of 25.7% from current levels.
RBC Capital Markets initiated coverage on Redknee Solutions Inc (TSX: RKN), a global provider of real-time monetization software products, solutions and services, with a sector perform rating assigning a 12-month price target of C$6.00, indicating an upside of 16.1% from current levels.
Coverage on Spartan Energy Corp (TSXV: SPE), engaged in the exploration for and production of crude oil and natural gas, was initiated with an outperform rating at FirstEnergy Capital Corp with a price target of C$5.00, indicating an upside of 29.9% from current levels.
Canaccord Genuity Corp downgraded ENTREC Corp (TSXV: ENT), engaged in serving the oil and natural gas, construction, petrochemical, mining and power generation industries with transports and oversized cargo, to hold from buy lowering its price target to C$1.60 from C$2.20, indicating an upside of 26% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| AO Smith Corp | NYSE | AOS | 45.31 | 13 | Upgrade to outperform from neutral | Michael Halloran | Robert W. Baird & Co | 57.00 | 25.8% |
| TTM Technologies Inc | NASDAQ | TTMI | 7.49 | 8 | Upgrade to buy from hold | Matthew Sheerin | Stifel | 10.00 | 33.5% |
| CalAmp Corp | NASDAQ | CAMP | 23.56 | 9 | Upgrade to buy from neutral | Michael Crawford | B Riley & Co | 32.50 | 37.9% |
| Q2 Holdings Inc | NYSE | QTWO | 13.68 | 2 | Initiate with outperform | Matthew Hedberg | RBC Capital Markets | 17.00 | 24.3% |
| HeartWare International Inc | NASDAQ | HTWR | 81.26 | 16 | Downgrade to sell/neutral from neutral/neutral | David H Roman | Goldman Sachs | 73.00 | -10.2% |
Robert W. Baird & Co upgraded AO Smith Corp (NYSE: AOS), a manufacturer of water heating equipment, serving a diverse mix of residential and commercial end markets, to outperform from neutral increasing its price target to $57.00 from $55.00, indicating an upside of 25.8% from current levels. Recently, AOS declared a regular quarterly cash dividend of 15 cents per share payable on May 15, 2014 to shareholders of record April 30, 2014.
TTM Technologies Inc (NASDAQ: TTMI), a provider of time-critical and technologically complex printed circuit board (PCB) products and backplane assemblies, was upgraded to buy from hold at Stifel with a price target of $10.00, indicating an upside of 33.5% from current levels. The company is scheduled to report its first quarter 2014 earnings and second quarter 2014 outlook on April 30, 2014, at 4:30 p.m. E.T. For the first quarter, the company expects its revenues to be in the range $290 million to $310 million.
B Riley & Co upgraded CalAmp Corp (NASDAQ: CAMP), engaged in developing and marketing wireless technology solutions that deliver data, voice and video for critical networked communications and other applications, to buy from neutral with a price target of $32.50, an upside of 37.9% from current levels.
RBC Capital Markets initiated coverage on Q2 Holdings Inc (NYSE: QTWO), a provider of secure, cloud-based virtual banking solutions, with an outperform rating assigning a 12-month price target of $17.00, indicating an upside of 24.3% from current levels.
Goldman Sachs downgraded HeartWare International Inc (NASDAQ: HTWR), engaged in developing and manufacturing small implantable heart pumps, or ventricular assist devices, for the treatment of advanced heart failure, to sell/neutral from neutral/neutral lowering its price target to $73.00 from $94.00, indicating a downside of 10.2% from current levels.
