| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Lundin Mining Corp | TSX | LUN | 5.11 | 25 | Upgrade to outperform from market perform | Alex Terentiew | Raymond James | 6.25 | 22.3% |
| Rock Energy Inc | TSX | RE | 3.75 | 8 | Upgrade to outperform from sector perform | Don Rawson | Alta Corp Capital Inc. | 5.00 | 33.3% |
| CAE Inc | TSX | CAE | 14.55 | 17 | Upgrade to outperform from sector perform | Cameron Doerksen | National Bank Financial | 17.00 | 16.8% |
| Cardinal Energy Ltd | TSX | CJ | 13.18 | 3 | Initiate with outperform | Ray Kwan | Macquarie | 18.00 | 36.6% |
| Argonaut Gold Inc | TSX | AR | 5.31 | 12 | Downgrade to hold from buy | Matthew Sheppard | Jacob Securities Inc | 6.50 | 22.4% |
Raymond James upgraded Lundin Mining Corp (TSX: LUN), a diversified base metals mining company, to outperform from market perform increasing its price target to C$6.25 from C$5.50, indicating an upside of 22.3% from current levels.
Rock Energy Inc (TSX: RE), an energy company engaged in the exploration for and development and production of crude oil and natural gas in Western Canada, was upgraded to outperform from sector perform at Alta Corp Capital Inc. raising its price target to C$5.00 from C$3.75, indicating an upside of 33.3% from current levels. Recently, RE reported its operating results for three months ended December 31, 2013. During the quarter, the company reported that Rock’s daily sales averaged ~4,000 boepd (92% oil & liquids) and the company estimates production for the year ended 2013 to have averaged ~3,500 boepd (90% oil and liquids).
National Bank Financial 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 outperform from sector perform raising its price target to C$17.00 from C$12.00, indicating an upside of 16.8% from current levels.
Macquarie 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$18.00, indicating an upside of 36.6% from current levels.
Jacob Securities Inc downgraded Argonaut Gold Inc (TSX: AR), engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties, to hold from buy with a price target of C$6.50, indicating an upside of 22.4% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| NetSuite Inc | NYSE | N | 111.82 | 22 | Upgrade to buy from hold | Bradley Sills | Maxim Group LLC | 130.00 | 16.3% |
| Stratasys Ltd | NASDAQ | SSYS | 123.45 | 22 | Upgrade to outperform from neutral | Jonathan Shaffer | Credit Suisse | 144.00 | 16.6% |
| Power Integrations Inc | NASDAQ | POWI | 59.25 | 8 | Upgrade to outperform from market perform | J Steven Smigie | Raymond James | 66.00 | 11.4% |
| CatchMark Timber Trust Inc | NYSE | CTT | 13.94 | 3 | Initiate with outperform | Dave Rodgers | Robert W. Baird & Co | 16.00 | 14.8% |
| Targa Resources Corp | NYSE | TRGP | 90.35 | 17 | Downgrade to hold from buy | Christopher P Sighinolfi | Jefferies | 94.00 | 4.0% |
Maxim Group LLC upgraded NetSuite Inc (NYSE: N), a provider of cloud-based financials / Enterprise Resource Planning (ERP) software suites, to buy from hold increasing its price target to $130.00 from $112.00, indicating an upside of 16.3% from current levels. NetSuite is scheduled to report its financial results for the fourth quarter and fiscal year 2013 on January 30, 2014 after market close.
Stratasys Ltd (NASDAQ: SSYS), engaged in manufacturing three-dimensional (3D) printers, was upgraded to outperform from neutral at Credit Suisse increasing its price target of $144.00 from $120.68, indicating an upside of 16.6% from current levels.
Raymond James upgraded Power Integrations Inc (NASDAQ: POWI), engaged in designing, developing, manufacturing and marketing high-voltage, analog and mixed-signal integrated-circuit (IC) products and high-voltage silicon diodes, to outperform from market perform with a price target of $66.00, indicating an upside of 11.4% from current levels. POWI is scheduled to report its fourth quarter results on Monday, February 3, 2014 after market close.
Robert W. Baird & Co initiated coverage on CatchMark Timber Trust Inc (NYSE: CTT), a real estate company investing in timberlands, with an outperform rating assigning a 12-month price target of $16.00, indicating an upside of 14.8% from current levels.
Jefferies downgraded Targa Resources Corp (NYSE: TRGP), an acquirer and developer of diversified portfolio of complementary midstream energy assets, to hold from buy with a price target of $94.00, indicating an upside of 4% from current levels.
