| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Penn West Petroleum Ltd | TSX | PWT | 10.02 | 20 | Upgrade to sector perform from underperform | Kyle Preston | National Bank Financial | 11.00 | 9.8% |
| Points International Ltd | TSX | PTS | 25.66 | 8 | Upgrade to buy from neutral | Stephen Altebrando | Sidoti & Company LLC | 32.88 | 28.1% |
| ShawCor Ltd | TSX | SCL | 48.51 | 6 | Upgrade to outperform from market perform | Michael Mazar | BMO Capital Markets | 54.00 | 11.3% |
| Reservoir Minerals Inc | TSXV | RMC | 6.25 | 6 | Initiate with sector outperform | Jeff Killeen | CIBC World Markets | 9.00 | 44.0% |
| Stella-Jones Inc | TSX | SJ | 31.09 | 8 | Downgrade to sector perform from outperform | Leon Aghazarian | National Bank Financial | 32.00 | 2.9% |
National Bank Financial upgraded Penn West Petroleum Ltd (TSX: PWT), a Canadian exploration and production company engaged in the business of acquiring, exploring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets, to sector perform from underperform increasing its price target to C$11.00 from C$9.00, indicating an upside of 9.8% from current levels. Recently, PWT declared a second quarter 2014 dividend of C$0.14 per share payable on July 15, 2014 to shareholders of record at the close of business on June 30, 2014.
Points International Ltd (TSX: PTS), a provider of a range of e-commerce and technology services, was upgraded to buy from neutral at Sidoti & Company LLC with a price target of C$32.88, indicating an upside of 28.1% from current levels. Recently, PTS reported that it completed the acquisition of Accruity Inc., the San Francisco-based operator of PointsHound hotel booking service. PTS is scheduled to report its first quarter 2014 earnings on May 8, 2014, after market close.
BMO Capital Markets upgraded ShawCor Ltd (TSX: SCL), a global energy services company operating in two segments: Pipeline and Pipe Services and Petrochemical and Industrial, to outperform from market perform raising its price target to C$54.00 from C$48.00, indicating an upside of 11.3% from current levels.
CIBC World Markets initiated coverage on Reservoir Minerals Inc (TSXV: RMC), an international mineral exploration and development company with a portfolio of precious and base metal exploration properties in Serbia, with sector outperform rating assigning a 12-month price target of C$9.00, indicating an upside of 44% from current levels.
National Bank Financial downgraded Stella-Jones Inc (TSX: SJ), a producer and marketer of industrial treated wood products, specializing in the production of railway ties and timbers, as well as wood poles supplied to electrical utilities and telecommunication companies, to sector perform from outperform with a price target of C$32.00, indicating an upside of 2.9% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Cavium Inc | NASDAQ | CAVM | 44.73 | 21 | Upgrade to neutral from reduce | Sanjay Chaurasia | Nomura | 40.00 | -10.6% |
| Maxwell Technologies Inc | NASDAQ | MXWL | 14.69 | 6 | Upgrade to buy from neutral | Philip Shen | Roth Capital Partners | 20.00 | 36.1% |
| CTS Corp | NYSE | CTS | 18.00 | 3 | Upgrade to buy from neutral | John E Franzreb IV | Sidoti & Company LLC | 23.00 | 27.8% |
| Methode Electronics Inc | NYSE | MEI | 28.23 | 6 | Initiate with outperform | FBR Capital Markets | FBR Capital Markets | 37.00 | 31.1% |
| Emulex Corp | NYSE | ELX | 4.96 | 13 | Downgrade to neutral from overweight | Andrew J Nowinski | Piper Jaffray | 6.00 | 21.0% |
Nomura upgraded Cavium Inc (NASDAQ: CAVM), engaged in designing, developing and marketing semiconductor processors for intelligent and secure networks, to neutral from reduce increasing its price target to $40.00 from $32.0 per share. The rating firm upgraded the stock following strong first quarter 2014 results, which showed revenues grew 19% y-o-y to $83.2 million and net income reached $2.3 million or 4 cents per share compared to net loss of $3.2 million or 6 cents per diluted share reported in the same quarter last year.
Maxwell Technologies Inc (NASDAQ: MXWL), engaged in developing, manufacturing and marketing energy storage and power delivery products, was upgraded to buy from neutral at Roth Capital Partners increasing its price target to $20.00 from $10.00, indicating an upside of 36.1% from current levels. For the first quarter of 2014, MXWL recently reported net income of $0.32 million or 1 cent per share compared with a net loss of $0.27 million or $1 cent per share in first quarter of 2013. During the quarter, total revenues stood at $46.0 million.
Sidoti & Company LLC upgraded CTS Corp (NYSE: CTS), a global manufacturer of electronic components and sensors and a supplier of electronics manufacturing services, to buy from neutral with a price target of $23.00, indicating an upside of 27.8% from current levels.
FBR Capital Markets initiated coverage on Methode Electronics Inc (NYSE: MEI), a manufacturer of component and subsystem devices, with an outperform rating assigning a 12-month price target of $37.00, indicating an upside of 31.1% from current levels.
Piper Jaffray downgraded Emulex Corp (NYSE: ELX), a provider of a range of network convergence solutions that connect servers, storage, and networks within the data center, to neutral from overweight lowering its price target to $6.00 from $10.00, indicating an upside of 21% from current levels.
