Notable Analyst Upgrades and Downgrades (NYSE: RAX) (TSX: GS)

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The following stocks were upgraded/downgraded on July 15, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Gluskin Sheff + Associates Inc TSX GS 31.25 927.4 Upgrade to outperform from sector perform Shubha Rahman Khan National Bank Financial 37.00 18.4%
AutoCanada Inc TSX ACQ 74.54 1,825.6 Upgrade to outperform from sector perform Steven Arthur RBC Capital Markets 92.00 23.4%
Input Capital Corp TSXV INP 2.32 142.1 Upgrade to buy from speculative buy Brian D Pow Acumen Capital Finance 4.50 94.0%
Alter Nrg Corp TSX NRG 2.60 73.3 Initiate with speculative buy Macmurray Whale Cormark Securities Inc. 5.60 115.4%
UEX Corp TSX UEX 0.41 92.3 Downgrade to neutral from buy David A Talbot Dundee Securities Corp 0.70 72.8%

National Bank Financial upgraded Gluskin Sheff + Associates Inc (TSX: GS), a wealth management company that provides discretionary investment management services to high-net-worth private clients and institutional investors, to outperform from sector perform increasing its price target to C$37.00 from the earlier target of C$33.00, indicating an upside of 18.4% from current levels.

RBC Capital Markets upgraded AutoCanada Inc (TSX: ACQ), a multi-location automobile dealership groups, to outperform from sector perform increasing its price target to C$92.00 from C$91.00, indicating an upside of 23.4% from current levels.

Input Capital Corp (TSXV: INP), an agricultural commodity streaming company with primary focus on serving the domestic market for canola production, was upgraded to buy from speculative buy at Acumen Capital Finance increasing its price target to C$4.50 from C$3.60, indicating an upside of 94% from current levels.

Cormark Securities Inc. initiated coverage on Alter Nrg Corp (TSX: NRG), provides and pursues alternative clean and renewable energy solutions through plasma gasification, with a speculative buy rating assigning a 12-month price target of C$5.60, indicating an upside of 115.4% from current levels.

Dundee Securities Corp downgraded UEX Corp (TSX: UEX), a uranium exploration and development company, to neutral from buy lowering its price target to C$0.70 from C$0.80, indicating an upside of 72.8% from current levels.

The following stocks were upgraded/downgraded on July 15, 2014
Company Name Exchange Ticker Last Price Market Cap Recommendation Analyst Name Rating Company Target Price Upside/
Downside (%)
Rackspace Hosting Inc NYSE RAX 31.69 4,502.3 Upgrade to neutral from underperform Mark Kelleher D.A. Davidson & Co 33.00 4.1%
Mellanox Technologies Ltd NASDAQ MLNX 35.77 1,593.6 Upgrade to buy from hold James Kisner Jefferies 50.00 39.8%
Kodiak Oil & Gas Corp NYSE KOG 14.91 3,973.8 Upgrade to buy from hold Jason A Wangler Wunderlich Securities 17.70 18.7%
Proofpoint Inc NASDAQ PFPT 33.26 1,230.3 Initiate with buy/attractive Matthew Niknam Goldman Sachs 42.00 26.3%
Uranerz Energy Corp NYSE URZ 1.39 119.9 Downgrade to sell from neutral David A Talbot Dundee Securities Corp 1.39 0.0%

D.A. Davidson & Co upgraded Rackspace Hosting Inc (NYSE: RAX), an open cloud company offering a diverse portfolio of cloud computing services, including public, dedicated and private cloud, and hybrid hosting, to neutral from underperform with a price target of 4.1% from current levels.

Mellanox Technologies Ltd (NASDAQ: MLNX), a fabless semiconductor company that produces and supplies high-performance interconnects products, was upgraded to buy from hold at Jefferies increasing its price target to $50.00 from $37.00, indicating an upside of 39.8% from current levels.

Wunderlich Securities upgraded Kodiak Oil & Gas Corp (NYSE: KOG), an independent energy company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas, to buy from hold raising its price target to $17.70 from $14.00, indicating an upside of 18.7% from current levels.

Goldman Sachs initiated coverage on Proofpoint Inc (NASDAQ: PFPT), a security-as-a-service vendor that delivers data protection solutions, which helps medium- and large-sized organizations, with a buy/attractive rating assigning a 12-month price target of $42.00, indicating an upside of 26.3% from current levels.

Dundee Securities Corp downgraded Uranerz Energy Corp (NYSE: URZ), a uranium company focused on commercial in-situ recovery (ISR) uranium production, to sell from neutral lowering its price target to $1.39 from the earlier target of $1.49 per share.

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