| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Turquoise Hill Resources Ltd | TSX | TRQ | 4.18 | 10 | Upgrade to hold from reduce | Craig Hutchison | TD Securities | 4.50 | 7.7% |
| Lithium Americas Corp | TSX | LAC | 0.48 | 2 | Upgrade to buy from neutral | David A Talbot | Dundee Securities Corp | 2.00 | 321.1% |
| Pengrowth Energy Corp | TSX | PGF | 7.18 | 20 | Upgrade to buy from hold | Kristopher Zack | Desjardins Securities | 8.00 | 11.4% |
| Cardinal Energy Ltd | TSX | CJ | 12.65 | 1 | Initiate with outperform | Shailender Randhawa | RBC Capital Markets | 14.00 | 10.7% |
| Midway Gold Corp | TSX | MDW | 1.10 | 7 | Downgrade to hold from speculative buy | Joe Mazumdar | Canaccord Genuity Corp | 1.15 | 4.5% |
TD Securities upgraded Turquoise Hill Resources Ltd (TSX: TRQ), an international mineral exploration and development company, to hold from reduce increasing its price target to C$4.50 from the earlier target of C$2.37, indicating an upside of 7.7% from current levels.
Lithium Americas Corp (TSX: LAC), engaged in developing lithium, was upgraded to buy from neutral at Dundee Securities Corp with a price target of C$2.00, indicating a significant upside of 321.1% from current levels. Recently, LAC announced a development deal with POSCO, Korea’s largest steel company and a separate $18.5 million financing deal to repay all of its $9.5 million outstanding debt and for general working capital, including the continued funding of the Cauchari-Olaroz project..
Desjardins Securities upgraded Pengrowth Energy Corp (TSX: PGF), engaged in the development, production and acquisition of, and the exploration for, oil and natural gas reserves, to buy from hold raising its price target to C$8.00 from C$6.50, indicating an upside of 11.4% from current levels.
RBC Capital Markets initiated coverage on Cardinal Energy Ltd (TSX: CJ), a junior oil exploring company, with an outperform rating assigning a 12-month price target of C$14.00, indicating an upside of 10.7% from current levels.
Canaccord Genuity Corp downgraded Midway Gold Corp (TSX: MDW), a development-stage company engaged in the acquisition, exploration and development of gold and silver mineral properties, to hold from speculative buy with a price target of C$1.15, 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 (%) |
|---|---|---|---|---|---|---|---|---|---|
| Century Aluminum Co | NASDAQ | CENX | 11.12 | 8 | Upgrade to overweight from underweight | Michael F Gambardella | JPMorgan | 13.00 | 16.9% |
| Quintiles Transnational Holdings Inc | NYSE | Q | 48.98 | 16 | Upgrade to buy/neutral from neutral/neutral | Robert P Jones | Goldman Sachs | 58.00 | 18.4% |
| 21Vianet Group Inc | NASDAQ | VNET | 23.56 | 9 | Initiate with buy | Team Coverage | Finam Investment | 35.60 | 51.1% |
| FireEye Inc | NASDAQ | FEYE | 73.57 | 16 | Downgrade to neutral from overweight | Sterling Auty | JPMorgan | 75.00 | 1.9% |
| Covance Inc | NYSE | CVD | 95.80 | 20 | Downgrade to neutral/neutral from buy/neutral | Robert P Jones | Goldman Sachs | 101.00 | 5.4% |
JPMorgan upgraded Century Aluminum Co (NASDAQ: CENX), engaged in producing aluminum, to overweight from underweight increasing its price target to $13.00 from the earlier target of $6.00, indicating an upside of 16.9% from current levels.
However, JP Morgan downgraded FireEye Inc (NASDAQ: FEYE), a provider of malware protection systems and network threat prevention solutions, to neutral from overweight with a price target of $75.00, indicating an upside of 1.9% from current levels.
Quintiles Transnational Holdings Inc (NYSE: Q), a provider of biopharmaceutical development services and commercial outsourcing services, was upgraded to buy/neutral from neutral/neutral at Goldman Sachs raising its price target to $58.00 from $50.00, indicating an upside of 18.4% from current levels.
Goldman Sachs downgraded Covance Inc (NYSE: CVD), a drug development services company providing a range of early-stage and late-stage product development services, to neutral/neutral from buy/neutral with a price target of $101.00, indicating an upside of 5.4% from current levels.
Finam Investment initiated coverage on 21Vianet Group Inc (NASDAQ: VNET), a carrier-neutral Internet data center services provider, with a buy rating assigning a 12-month price target of $35.60, indicating an upside of 51.1% from current levels.
