| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Baytex Energy Corp | TSX | BTE | 41.45 | 20 | Upgrade to overweight from equalweight | Grant Hofer | Barclays | 48.00 | 15.8% |
| Alvopetro Energy Ltd/CA | TSXV | ALV | 1.04 | 3 | Initiate with buy | David Beddis | GMP | 1.50 | 44.2% |
| Dundee Real Estate Investment Trust | TSX | D-U | 29.45 | 7 | Initiate with outperform | Matt Kornack | National Bank Financial | 35.25 | 19.7% |
| Madalena Energy Inc | TSXV | MVN | 0.76 | 5 | Downgrade to market perform from buy | Garett Ursu | Cormark Securities Inc. | 0.85 | 11.8% |
| SNC-Lavalin Group Inc | TSX | SNC | 49.74 | 14 | Downgrade to market perform from outperform | Bert Powell | BMO Capital Markets | 52.00 | 4.5% |
Barclays upgraded Baytex Energy Corp (TSX: BTE), engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets, to overweight from equal-weight increasing its price target to C$48.00 from C$46.00, indicating an upside of 15.8% from current levels.
GMP initiated coverage on Alvopetro Energy Ltd (TSXV: ALV), engaged in the exploration for, and the acquisition, development and production of hydrocarbons, with a buy rating assigning a 12-month price target of C$1.50, indicating an upside of 44.2% from current levels.
Coverage on Dundee Real Estate Investment Trust (TSX: D-U), an open-ended investment trust, was initiated with an outperform rating at National Bank Financial with a price target of C$35.25, indicating an upside of 19.7% from current levels.
Cormark Securities Inc. downgraded Madalena Energy Inc (TSXV: MVN), an international upstream oil and gas company, to market perform from buy with a price target of C$0.85, indicating an upside of 11.8% from current levels.
SNC-Lavalin Group Inc (TSX: SNC), an international engineering and construction company, was downgraded to market perform from outperform at BMO Capital Markets with a price target of C$52.00, indicating an upside of 4.5% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| NetSuite Inc | NYSE | N | 110.61 | 22 | Upgrade to outperform from market perform | David M Hilal | FBR Capital Markets | 125.00 | 13.0% |
| Allison Transmission Holdings Inc | NYSE | ALSN | 28.50 | 12 | Upgrade to overweight from neutral | Ann Duignan | JPMorgan | 31.00 | 8.8% |
| Esterline Technologies Corp | NYSE | ESL | 108.95 | 11 | Upgrade to buy from neutral | David E Strauss | UBS | 123.00 | 12.9% |
| Allegion PLC | NYSE | ALLE | 47.40 | 7 | Initiate with buy | Michael Jaffe | S&P Capital IQ | 52.00 | 9.7% |
| Forum Energy Technologies Inc | NYSE | FET | 26.00 | 19 | Downgrade to neutral from outperform | Jonathan Sisto | Credit Suisse | 30.00 | 15.4% |
FBR Capital Markets upgraded NetSuite Inc (NYSE: N), a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites, to outperform from market perform increasing its price target to $125.00 from $110.00, indicating an upside of 13% from current levels. The rating agency believes that NetSuite will deliver a growth of over 30% in 2014 due to strong momentum for software-as-a-service (SaaS) enterprise resource planning (ERP), accelerating adoption of Suite Commerce and the very large opportunity to cross-sell human capital management (HCM) solutions.
Allison Transmission Holdings Inc (NYSE: ALSN), engaged in designing and manufacturing commercial and military fully-automatic transmissions, was upgraded to overweight from neutral at JPMorgan raising its price target to $31.00 from $27.00, indicating an upside of 8.8% from current levels.
UBS upgraded Esterline Technologies Corp (NYSE: ESL), a manufacturing company serving aerospace and defense customers, to buy from neutral increasing its price target to $123.00 from $90.00, indicating an upside of 12.9% from current levels.
S&P Capital IQ initiated coverage on Allegion PLC (NYSE: ALLE), a global provider of security products and solutions, with a buy rating assigning a 12-month price target of $52.00, indicating an upside of 9.7% from current levels.
Credit Suisse downgraded Forum Energy Technologies Inc (NYSE: FET), an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry, to neutral from outperform lowering its price target to $30.00 from $33.00, indicating an upside of 15.4% from current levels.
