| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Aecon Group Inc | TSX | ARE | 15.95 | 11 | Upgrade to buy from hold | Yuri Lynk | Canaccord Genuity Corp | 20.00 | 25.4% |
| Castle Mountain Mining Co Ltd | TSXV | CMM | 0.66 | 6 | Re-initiate with outperform | Michael Siperco | Macquarie | 2.00 | 203.0% |
| Sphere 3D Corp | TSXV | ANY | 6.05 | 1 | Initiate with buy | Damian Wojcichowsky | Jacob Securities Inc | 8.50 | 40.5% |
| IAMGOLD Corp | TSX | IMG | 4.01 | 25 | Downgrade to sell from neutral | Josh Wolfson | Dundee Securities Corp | 3.75 | -6.5% |
| Capstone Mining Corp | TSX | CS | 3.19 | 21 | Downgrade to sector perform from outperform | Patrick Morton | RBC Capital Markets | 3.40 | 6.6% |
Canaccord Genuity Corp upgraded Aecon Group Inc (TSX: ARE), a provider of construction, contracting and infrastructure development services, to buy from hold increasing its price target to C$20.00 from C$14.00, indicating an upside of 25.4% from current levels. Analyst Yuri Lynk cites that mega projects in Canadian infrastructure has brightened sector outlook and ARE is well positioned in the sector.
Macquarie reinitiated coverage on Castle Mountain Mining Co Ltd (TSXV: CMM), a Canada-based development-stage company engaged in business of exploring and developing base and precious metal mineral properties, with an outperform rating assigning a 12-month price target of C$2.00, indicating a significant upside of 203% from current levels.
Coverage on Sphere 3D Corp (TSXV: ANY), engaged in developing compatibility technology and specializing in solutions that enable compatible hardware and software products to work together through device emulation and software virtualization, was initiated with a buy at Jacob Securities Inc with a 12-month price target of C$8.50, indicating an upside of 40.5% from current levels.
Dundee Securities Corp downgraded IAMGOLD Corp (TSX: IMG), a gold mining company, to sell from neutral lowering its price target to C$3.75 from C$4.5, indicating a downside of 6.5% from current levels.
Capstone Mining Corp (TSX: CS), a Canadian mining company engaged in the production and development of and the exploration for base and precious metals, was downgraded to sector perform from outperform at RBC Capital Markets with a price target of C$3.40, indicating an upside of 6.6% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Silicon Motion Technology Corp | NASDAQ | SIMO | 15.00 | 8 | Upgrade to buy from hold | Rajvindra S. Gill | Needham & Co | 18.00 | 20.0% |
| KBR Inc | NYSE | KBR | 33.11 | 17 | Upgrade to overweight from equalweight | Andy Kaplowitz | Barclays | 38.00 | 14.8% |
| Southwest Bancorp Inc | NASDAQ | OKSB | 18.43 | 8 | Upgrade to outperform from market perform | John Rodis | FIG Partners LLC | 20.00 | 8.5% |
| Fidelity & Guaranty Life | NYSE | FGL | 19.67 | 5 | Initiate with outperform | Eric N Berg | RBC Capital Markets | 24.00 | 22.0% |
| Bemis Co Inc | NYSE | BMS | 38.75 | 11 | Downgrade to underweight from equalweight | Scott L Gaffner | Barclays | 36.00 | -7.1% |
Needham & Co upgraded Silicon Motion Technology Corp (NASDAQ: SIMO), a semiconductor company engaged in designing, developing, and marketing semiconductor products for the multimedia consumer electronics market, to buy from hold with a price target of $18.00, indicating an upside of 20% from current levels. Analyst Rajvindra S. Gill believes that recovery in the LTE transceiver business, SIMO’s better penetration into eMMC and hybrid SSDs, lesser impact of legacy products and stable margins, solid dividend and attractive valuations will act as catalysts for the stock price.
KBR Inc (NYSE: KBR), a global engineering, construction and services company, was upgraded to overweight from equal-weight at Barclays increasing its price target to $38.00 from the earlier target of $36.00, indicating an upside of 14.8% from current levels.
However, Barclays downgraded Bemis Co Inc (NYSE: BMS), a manufacturer of packaging products and pressure sensitive materials, to underweight from equal-weight lowering its price target to $36.00 from the earlier target of $39.00, indicating a downside of 7.1% from current levels.
FIG Partners LLC upgraded Southwest Bancorp Inc (NASDAQ: OKSB), a bank holding company for the Stillwater National Bank and Trust Company (Stillwater National) and Bank of Kansas, to outperform from market perform raising its price target to $20.00 from $17.50, indicating an upside of 8.5% from current levels. Recently, OKSB reported an EPS of 34 cents for the fourth quarter of 2013 beating analysts’ consensus estimate of 19 cents per share. The bank declared a quarterly dividend of 4 cents per share payable on February 14, 2014 to share holders recorded as of February 3, 2014.
RBC Capital Markets initiated coverage on Fidelity & Guaranty Life (NYSE: FGL), engaged in offering various types of fixed annuities and life insurance products through its insurance subsidiaries, with an outperform rating assigning a 12-month price target of $24.00, indicating an upside of 22% from current levels.
