A Canadian gold project developer and a U.S. bank holding company both received analyst upgrades, one of which has an implied upside of nearly 50%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| EXO U Inc | TSXV | EXO | 4.00 | 166.1 | Initiate with speculative buy | Nikhil Thadani | Mackie Research Capital Corp. | 6.00 | 50.0% |
| Endeavour Mining Corp | TSX | EDV | 0.91 | 376.0 | Initiate with buy | Tara Hassan | Haywood Securities Inc. | 1.25 | 37.4% |
| MDC Partners Inc | TSX | MDZ/A | 21.62 | 1,089.8 | Initiate with outperform | William Bird | FBR Capital Markets | 31.76 | 46.9% |
| Labrador Iron Ore Royalty Corp | TSX | LIF | 31.08 | 1,989.1 | Downgrade to hold from buy | Harriet Li | Accountability Research Corp | 33.50 | 7.8% |
Mackie Research Capital Corp. initiated coverage on EXO U Inc (TSXV: EXO), an enterprise software company that enables organizations to embrace the consumerization of information technology (IT) and simplify Bring Your Own Device (BYOD) programs, with a speculative buy assigning a 12-month price target of C$6.00, indicating an upside of 50% from current levels.
Coverage on Endeavour Mining Corp (TSX: EDV), a junior gold producer, was initiated with a buy rating at Haywood Securities Inc. assigning a 12-month price target of C$1.25, indicating an upside of 37.4% from current levels.
FBR Capital Markets initiated coverage on MDC Partners Inc (TSX: MDZ/A), a provider of marketing communications services to customers worldwide, assigning a 12-month price target of $31.76, indicating an upside of 46.9% from current level.
Accountability Research Corp downgraded Labrador Iron Ore Royalty Corp (TSX: LIF), an unincorporated open-ended trust that holds an overriding royalty on all iron ore products, to hold from buy with a price target of C$33.50, indicating upside of 7.8% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Rosetta Resources Inc | NASDAQ | ROSE | 49.13 | 3,020.3 | Upgrade to accumulate from hold | John J Gerdes | KLR Group | 59.00 | 20.1% |
| Photronics Inc | NASDAQ | PLAB | 9.02 | 556.4 | Upgrade to buy from hold | Edwin Mok | Needham & Co | 11.00 | 22.0% |
| DTS Inc/CA | NASDAQ | DTSI | 22.98 | 393.2 | Upgrade to outperform from market perform | James C Goss | Barrington Research | 27.00 | 17.5% |
| Federated Investors Inc | NYSE | FII | 30.62 | 3,212.0 | Initiate with buy | Surinder Thind | Jefferies | 35.00 | 14.3% |
| Madison Square Garden Co | NASDAQ | MSG | 63.63 | 4,911.9 | Downgrade to neutral from buy | David C Joyce | ISI Group | 66.00 | 3.7% |
KLR Group upgraded Rosetta Resources Inc (NASDAQ: ROSE), an independent exploration and production company engaged in the acquisition and development of onshore energy resources, to accumulate from hold with a price target of $59.00, indicating an upside of 20.1% from current levels.
Photronics Inc (NASDAQ: PLAB), a manufacturers of photomasks, which are precision photographic quartz plates containing microscopic images of electronic circuits, was upgraded to buy from hold at Needham & Co with a price target of $11.00, indicating an upside of 22% from current levels.
Barrington Research upgraded DTS Inc (NAASDAQ: DTSI), a provider of audio technologies that are incorporated into a range of consumer electronics devices by hundreds of licensee customers worldwide, to outperform from market perform with a price target of $27.00, indicating an upside of 17.5% from current levels.
Jefferies initiated coverage on Federated Investors Inc (NYSE: FII), a provider of investment management products and related financial services, with a buy rating assigning a 12-month price target of $35.00, indicating an upside of 14.3% from current levels.
ISI Group downgraded Madison Square Garden Co (NASDAQ: MSG), an integrated sports, entertainment and media business company, to neutral from buy with a price target of $66.00, indicating an upside of 3.7% from current levels.
