| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| DragonWave Inc | TSX | DWI | 2.42 | 141.5 | Upgrade to hold from reduce | Scott Penner | TD Securities | 2.95 | 21.9% |
| Parex Resources Inc | TSX | PXT | 14.87 | 1,860.0 | Upgrade to top pick from buy | Justin Anderson | Desjardins Securities | 17.00 | 14.3% |
| Sandvine Corp | TSX | SVC | 3.54 | 532.0 | Upgrade to outperform from sector perform | Steven Arthur | RBC Capital Markets | 4.60 | 29.9% |
| ShawCor Ltd | TSX | SCL | 55.50 | 3,341.8 | Initiate with outperform | Jeremy Mersereau | National Bank Financial | 70.00 | 26.1% |
| Bear Creek Mining Corp | TSXV | BCM | 3.50 | 325.7 | Downgrade to hold from speculative buy | Eric Zaunscherb | Canaccord Genuity Corp | 3.20 | -8.6% |
TD Securities upgraded DragonWave Inc (TSX: DWI), engaged in the business of developing broadband wireless backhaul and pseudowire equipment, to hold from reduce increasing its price target to C$2.95 from C$1.09, indicating an upside of 21.9% from current levels. Recently, DWI reported that for Q1’15, revenues for the company soared 17% to $28.8 million over the same quarter last year, while the gross margins improved to 20.5% compared 11.5% in the first quarter of fiscal year 2014.
Parex Resources Inc (TSX: PXT), engaged in oil and natural gas exploration, development and production, was upgraded to top pick from buy at Desjardins Securities increasing its price target to C$17.00 from C$14.00, indicating an upside of 14.3% from current levels.
RBC Capital Markets 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 outperform from sector perform raising its price target to C$4.60 from C$4.00, indicating an upside of 29.9% from current levels.
National Bank Financial initiated coverage on ShawCor Ltd (TSX: SCL), a global energy services company, with an outperform rating assigning a 12-month price target of $70.00, indicating an upside of 26.1% from current levels.
Canaccord Genuity Corp downgraded Bear Creek Mining Corp (TSXV: BCM), engaged in the acquisition, exploration and development of precious and base metal properties, to hold from speculative buy with a price target of C$3.20, indicating a downside of 8.6% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Informatica Corp | NASDAQ | INFA | 34.12 | 3,746.1 | Upgrade to overweight from equalweight | Stewart Kirk Materne III | Evercore Partners | 43.00 | 26.0% |
| LogMeIn Inc | NASDAQ | LOGM | 39.97 | 970.5 | Upgrade to outperform from market perform | Gregg Moskowitz | Cowen and Company | 47.00 | 17.6% |
| Halozyme Therapeutics Inc | NASDAQ | HALO | 9.77 | 1,216.2 | Initiate with overweight | Cory William Kasimov | JPMorgan | 13.00 | 33.1% |
| Sterling Bancorp/DE | NYSE | STL | 12.30 | 1,028.2 | Initiate with buy | Casey Haire | Jefferies | 14.00 | 13.8% |
| Golden Minerals Co | NYSE | AUMN | 1.30 | 56.6 | Downgrade to neutral from buy | Joseph Reagor | Roth Capital Partners | 1.40 | 7.7% |
Evercore Partners upgraded Informatica Corp (NASDAQ: INFA), an independent provider of enterprise data integration and data quality software and services, to overweight from equal-weight with a price target of $43.00, indicating an upside of 26% from current levels. Recently, the company announced that it is scheduled to release its second quarter 2014 earnings results on July 24, 2014, after market close.
LogMeIn Inc (NASDAQ: LOGM), engaged in offers remote connectivity services to computers for mobile professionals and help desk and systems administrators, was upgraded to outperform from market perform at Cowen and Company with a price target of $47.00, indicating an upside of 17.6% from current levels.
JPMorgan initiated coverage on Halozyme Therapeutics Inc (NASDAQ: HALO), a biopharmaceutical company engaged primarily in human enzymes that alter the extracellular matrix, with an overweight rating assigning a 12-month price target of $13.00, indicating an upside of 33.1% from current levels. The rating firm notes that the company’s proprietary pipeline appears to be garnering increased attention.
Coverage on Sterling Bancorp (NYSE: STL), a bank holding company and a financial holding company engaged in providing banking and related financial services and products to customers, was initiated with a buy rating at Jefferies with a 12-month price target of $14.00, indicating an upside of 13.8% from current levels.
Roth Capital Partners downgraded Golden Minerals Co (NYSE: AUMN), a mining company with a focus on exploration, development, providing mining services, and growth through strategic business transactions, to neutral from buy with a price target of $1.40, indicating an upside of 7.7% from current levels.
