| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Pan American Silver Corp | TSX | PAA | 15.93 | 14 | Upgrade to market perform from underperform | Andrew Kaip | BMO Capital Markets | 16.42 | 3.1% |
| Niko Resources Ltd | TSX | NKO | 3.16 | 10 | Upgrade to market perform from underperform | Darren B Engels | FirstEnergy Capital Corp | 4.00 | 26.6% |
| BlackBerry Ltd | TSX | BB | 10.37 | 43 | Upgrade to market perform from underperform | Scott S Thompson | FBR Capital Markets | 10.95 | 5.6% |
| Polymet Mining Corp | TSX | POM | 1.28 | 4 | Initiate with speculative buy | Santo Ranieri | Paradigm Capital Inc | 2.15 | 68.0% |
| Silvercrest Mines Inc | TSXV | SVL | 2.93 | 9 | Downgrade to neutral from buy | Joseph Reagor | Roth Capital Partners | 2.73 | -6.8% |
BMO Capital Markets upgraded Pan American Silver Corp (TSX: PAA), engaged in the operation and development of silver producing properties and assets, to market perform from underperform increasing its price target to C$16.42 from C$11.04, indicating an upside of 3.1% from current levels. Recently, PAA reported that during the fourth quarter of 2013, it produced 6.8 million ounces of silver at its seven operating mines setting a new consolidated production record of 26 million silver ounces for fiscal 2013, in-line with the upper end of its annual guidance.
Niko Resources Ltd (TSX: NKO), engaged in the exploration for and development and production of natural gas and oil, was upgraded to market perform from underperform at FirstEnergy Capital Corp raising its price target to C$4.00 from C$2.00, indicating an upside of 26.6% from current levels.
FBR Capital Markets upgraded BlackBerry Ltd (TSX: BB), a designer, manufacturer and marketer of wireless solutions, to market perform from underperform increasing its price target to C$10.95 from the earlier target of C$7.17, indicating an upside of 5.6% from current levels.
Paradigm Capital Inc initiated coverage on Polymet Mining Corp (TSX: POM), a development-stage company engaged in the exploration and development of natural resource properties, with a speculative buy assigning a 12-month price target of C$2.15, indicating an upside of 68% from current levels.
Roth Capital Partners downgraded Silvercrest Mines Inc (TSXV: SVL), engaged in the acquisition, exploration and development of mineral properties, to neutral from buy with a price target of C$2.73, indicating a downside of 6.8% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Athenahealth Inc | NASDAQ | ATHN | 193.51 | 23 | Upgrade to outperform from neutral | Eric W Coldwell | Robert W. Baird & Co | 255.00 | 31.8% |
| CubeSmart | NYSE | CUBE | 17.29 | 13 | Upgrade to outperform from market perform | Richard J Milligan | Raymond James | 20.00 | 15.7% |
| Newfield Exploration Co | NYSE | NFX | 26.33 | 24 | Upgrade to outperform from market perform | Dan Mcspirit | BMO Capital Markets | 30.00 | 13.9% |
| SunEdison Inc | NYSE | SUNE | 15.18 | 18 | Initiate with outperform | Aditya Satghare | FBR Capital Markets | 20.00 | 31.8% |
| NPS Pharmaceuticals Inc | NASDAQ | NPSP | 37.95 | 16 | Downgrade to hold from buy | Eun K Yang | Jefferies | 38.00 | 0.1% |
Robert W. Baird & Co upgraded Athenahealth Inc (NASDAQ: ATHN), a business services company providing ongoing billing, clinical-related, and other related services, to outperform from neutral increasing its price target to $225.00 from $135.00, indicating an upside of 31.8% from current levels. The rating firm has upgraded the stock for significantly longer period of 5, 10, 20 years. The company has forward EV/revenue multiple of 11.0x and 10.5x for one and two years respectively.
CubeSmart (NYSE: CCUBE), a self-administered and self-managed real estate company that owns, operates, acquires and develops self-storage facilities, was upgraded to outperform from market perform at Raymond James with a price target of $20.00, indicating an upside of 15.7% from current levels. The rating firm upgraded the stock on strong 4Q results, a solid 2014 outlook and robust external growth.
BMO Capital Markets upgraded Newfield Exploration Co (NYSE: NFX), an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids, to outperform from market perform with a price target of $30.00, indicating an upside of 13.9% from current levels.
FBR Capital Markets initiated coverage on SunEdison Inc (NYSE: SUNE), engaged in the development, manufacture and sale of silicon wafers, with an outperform rating assigning a 12-month price target of $20.00, indicating an upside of 31.8% from current levels.
Jefferies downgraded NPS Pharmaceuticals Inc (NASDAQ: NPSP), a biopharmaceutical company focused on pioneering and delivering therapies that transform the lives of patients with rare diseases, to hold from buy with a price target of $38.00, indicating an upside of 0.1% from current levels.
