| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| DeeThree Exploration Ltd | TSX | DTX | 11.19 | 9 | Upgrade to sector outperform from sector perform | Adam Gill | CIBC World Markets | 13.50 | 20.6% |
| Sherritt International Corp | TSX | S | 4.84 | 11 | Upgrade to outperform from sector perform | Stephen Parsons | National Bank Financial | 5.80 | 19.8% |
| CAE Inc | TSX | CAE | 14.86 | 17 | Upgrade to buy from market perform | David F Newman | Cormark Securities Inc. | 16.50 | 11.0% |
| Ivanhoe Mines Ltd | TSX | IVN | 1.74 | 13 | Initiate with buy | David Davidson | Paradigm Capital Inc | 3.50 | 101.1% |
| SunOpta Inc | TSX | SOY | 12.77 | 12 | Downgrade to sell from hold | Keith E Howlett | Desjardins Securities | 11.28 | -11.7% |
CIBC World Markets upgraded DeeThree Exploration Ltd (TSX: DTX), engaged in natural gas and light crude oil exploration, development and production in Western Canada, to sector outperform from sector perform increasing its price target to C$13.50 from C$12.00, indicating an upside of 20.6% from current levels.
Sherritt International Corp (TSX: S), a Canada-based natural resource company engaged in nickel and cobalt mining, processing and refining; thermal coal technology and production; oil and gas exploration, development and production, and electricity generation, was upgraded outperform from sector perform at National Bank Financial increasing its price target to C$5.80 from C$4.40, indicating an upside of 19.8% from current levels.
Cormark Securities Inc. upgraded CAE Inc (TSX: CAE), engaged in providing simulation and modeling technologies and integrated training services primarily to the civil aviation industry and defense forces around the globe, to buy from market perform increasing its price target to C$16.50 from C$15.00, indicating an upside of 11% from current levels.
Paradigm Capital Inc initiated coverage on Ivanhoe Mines Ltd (TSX: IVN), a mineral exploration and development company with properties located in Africa, with a buy rating assigning a 12-month price target of C$3.50, indicating an upside of 101.1% from current levels.
Desjardins Securities downgraded SunOpta Inc (TSX: SOY), a global company operating businesses focused on a healthy products portfolio that promotes sustainable well-being, to sell from hold with a price target of C$11.28, indicating a downside of 11.7% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Arch Coal Inc | NYSE | ACI | 5.01 | 26 | Upgrade to neutral/neutral from sell/neutral | Neil Mehta | Goldman Sachs | 5.00 | -0.2% |
| Safe Bulkers Inc | NYSE | SB | 8.76 | 11 | Upgrade to buy from hold | Douglas J Mavrinac | Jefferies | 11.00 | 25.6% |
| HNI Corp | NYSE | HNI | 33.54 | 5 | Upgrade to outperform from market perform | Budd Bugatch | Raymond James | 36.00 | 7.3% |
| Atmos Energy Corp | NYSE | ATO | 49.90 | 11 | Initiate with neutral | Christopher Turnure | JPMorgan | 52.00 | 4.2% |
| GasLog Ltd | NYSE | GLOG | 28.04 | 15 | Downgrade to hold from buy | Douglas J Mavrinac | Jefferies | 40.00 | 42.7% |
Goldman Sachs upgraded Arch Coal Inc (NYSE: ACI), a coal producer, to neutral/neutral from sell/neutral raising its price target to $5.00 from the earlier target of $3.00, indicating a downside of 0.2% from current levels. ACI is scheduled to report its first quarter 2014 earnings tomorrow (April 22, 2014).
Safe Bulkers Inc (NYSE: SB), an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes, was upgraded to buy from hold at Jefferies increasing its price target to $11.00 from $10.00, indicating an upside of 25.6% from current levels.
However, Jefferies downgraded GasLog Ltd (NYSE: GLOG), an owner, operator and manager of liquefied natural gas (LNG) carriers, to hold from buy with a price target of $40.00, indicating an upside of 42.7% from current levels.
Raymond James upgraded HNI Corp (NYSE: HNI), a provider of office furniture and hearth products, to outperform from market perform with a price target of $36.00, indicating an upside of 7.3% from current levels.
JPMorgan initiated coverage on Atmos Energy Corp (NYSE: ATO), engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other non-regulated natural gas businesses, with a neutral rating assigning a 12-month price target of $52.00, indicating an upside of 4.2% from current levels.
