| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Canyon Services Group Inc | TSX | FRC | 13.13 | 14 | Upgrade to sector perform from sector underperform | Vladislav C Vlad | Scotia Capital | 14.50 | 10.4% |
| Fortuna Silver Mines Inc | TSX | FVI | 4.07 | 10 | Upgrade to buy from hold | Benjamin Asuncion | Haywood Securities Inc. | 5.00 | 22.9% |
| Vermilion Energy Inc | TSX | VET | 66.91 | 20 | Upgrade to buy from hold | Travis Wood | TD Securities | 75.00 | 12.1% |
| NovaCopper Inc | TSX | NCQ | 1.57 | 4 | Initiate with buy | Stefan Ioannou | Haywood Securities Inc. | 2.75 | 75.2% |
| SEMAFO Inc | TSX | SMF | 4.30 | 14 | Downgrade to sell from buy | Stuart McDougall | Jennings Capital | 4.25 | -1.2% |
Scotia Capital upgraded Canyon Services Group Inc (TSX: FRC), engaged in providing specialized simulation services to exploring and producing (E&P) Companies, to sector perform from sector underperform increasing its price target to C$14.50 from C$12.00, indicating an upside of 10.4% from current levels. Recently, FRC announced that it has increased its 2014 capital budget to approximately $62.9 million from $32.5 million. The incremental capital will include adding 30,000 hydraulic horsepower (“HHP”) of fracturing equipment bringing Canyon’s total fleet to 255,500 HHP.
Fortuna Silver Mines Inc (TSX: FVI), engaged in silver mining and related activities, was upgraded to buy from hold at Haywood Securities Inc with a price target of C$5.00, indicating an upside of 22.9% from current levels.
TD Securities upgraded Vermilion Energy Inc (TSX: VET), engaged in the business of oil and natural gas exploitation, development, acquisition and production, to buy from hold raising its price target to C$75.00 from C$66.00, indicating an upside of 12.1% from current levels.
Coverage on NovaCopper Inc (TSX: NCQ), a base metals exploration company, was initiated at Haywood Securities Inc. with a buy rating assigning a 12-month price target of C$2.75, indicating an upside of 75.2% from current levels.
Jennings Capital downgraded SEMAFO Inc (TSX: SMF), a Canadian-based mining company with gold production and exploration, to sell from buy with a price target of C$4.25, indicating a downside of 1.2% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Infinera Corp | NASDAQ | INFN | 9.37 | 9 | Upgrade to buy from hold | Sanjiv R Wadhwani | Stifel | 13.00 | 38.7% |
| Regal-Beloit Corp | NYSE | RBC | 72.10 | 15 | Upgrade to outperform from neutral | Michael Halloran | Robert W. Baird & Co | 87.00 | 20.7% |
| Tableau Software Inc | NYSE | DATA | 89.22 | 19 | Initiate with buy | Yun Kim | B Riley & Co | 110.00 | 23.3% |
| Ubiquiti Networks Inc | NASDAQ | UBNT | 54.85 | 14 | Initiate with outperform | Rajesh Ghai | Macquarie | 65.00 | 18.5% |
| Resolute Energy Corp | NYSE | REN | 7.17 | 13 | Downgrade to equalweight from overweight | Jeffrey W Robertson | Barclays | 8.00 | 11.6% |
Stifel upgraded Infinera Corp (NASDAQ: INFN), a provider of optical networking equipment, software and services, to buy from hold with a price target of $13.00, indicating an upside potential of 38.7% from current levels.
Regal-Beloit Corp (NYSE: RBC), a global manufacturer of electric motors and controls, electric generators and controls, and mechanical motion control products, was upgraded to outperform from neutral at Robert W. Baird & Co increasing its price target to $87.00 from $83.00, indicating an upside of 20.7% from current levels. Analyst Michael Halloran noted that the upgrade was a valuation call.
B Riley & Co initiated coverage on Tableau Software Inc (NYSE: DATA), a computer software company, with a buy rating assigning a 12-month price target of $110.00, indicating an upside of 23.3% from current levels.
Coverage on Ubiquiti Networks Inc (NASDAQ: UBNT), a communications technology company engaged in designing, manufacturing and selling broadband wireless solutions, was initiated with outperform rating at Macquarie with a price target of $65.00, indicating an upside of 18.5% from current levels.
Barclays downgraded Resolute Energy Corp (NYSE: REN), an independent oil and gas company engaged in the exploitation, development, exploration and acquisition of oil and gas properties, to equal-weight from overweight lowering its price target to $8.00 from $11.00, indicating an upside 11.6% from current levels.
