| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Chinook Energy Inc | TSX | CKE | 1.70 | 7 | Upgrade to buy from market perform | Garett Ursu | Cormark Securities Inc. | 2.20 | 29.4% |
| Crombie Real Estate Investment Trust | TSX | CRR-U | 13.41 | 10 | Initiate with sector perform | Michael Smith | RBC Capital Markets | 14.00 | 4.4% |
| Orezone Gold Corp | TSX | ORE | 0.49 | 11 | Initiate with buy | Dr Geordie Mark | Haywood Securities Inc. | 0.90 | 83.7% |
| B2Gold Corp | TSX | BTO | 3.10 | 18 | Initiate with buy/neutral | Andrew Quail | Goldman Sachs | 4.20 | 35.5% |
| MBAC Fertilizer Corp | TSX | MBC | 0.58 | 7 | Downgrade to market perform from outperform | Steven P Hansen | Raymond James | 1.00 | 72.4% |
Cormark Securities Inc. upgraded Chinook Energy Inc (TSX: CKE), a Calgary-based public oil and natural gas exploration and development company with predominately natural gas and liquids assets in Western Canada and crude oil onshore and offshore in Tunisia, to buy from market perform increasing its price target to C$2.20 from C$1.50, indicating an upside of 29.4% from current levels.
Coverage on Crombie Real Estate Investment Trust (TSX: CRR-U), an open-ended real estate investment trust which owns, manages and operates a diverse portfolio of commercial real estate with a primary holding of retail properties, was initiated with a sector perform rating at RBC Capital Markets assigning a 12-month price target of C$14.00, indicating an upside of 4.4% from current levels. Recently, CRR-U declared a monthly cash dividend of 7 cents per unit payable on May 15, 2014, to unit holders of record as at April 30, 2014.
Haywood Securities Inc. initiated coverage on Orezone Gold Corp (TSX: ORE), an exploration-stage company engaged in the acquisition, exploration and development of gold projects, with a buy rating assigning a 12-month price target of C$0.90, indicating an upside of 83.7% from current levels.
Analyst Andrew Quail at Goldman Sachs started coverage on B2Gold Corp (TSX: BTO), a gold producer with mining operations in Nicaragua and a portfolio of development and exploration assets in Colombia, Nicaragua and Uruguay, with a buy/neutral rating assigning a 12-month price target of C$4.20, indicating an upside of 35.5% from current levels.
Raymond James downgraded MBAC Fertilizer Corp (TSX: MBC), a Canada-based company engaged in the mining, production and exploration of phosphate and potash fertilizer, to market perform from outperform lowering its price target to C$1.00 from C$3.00, indicating an upside of 72.4% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Ruth’s Hospitality Group Inc | NASDAQ | RUTH | 12.74 | 6 | Upgrade to outperform from market perform | Bryan C Elliott | Raymond James | 13.50 | 6.0% |
| BJ’s Restaurants Inc | NASDAQ | BJRI | 30.47 | 19 | Upgrade to buy from hold | Robert M Derrington | Wunderlich Securities | 36.00 | 18.1% |
| HomeAway Inc | NASDAQ | AWAY | 37.45 | 15 | Upgrade to outperform from market perform | Jake Fuller | FBR Capital Markets | 45.00 | 20.2% |
| Aerohive Networks Inc | NYSE | HIVE | 11.17 | 5 | Initiate with buy/attractive | Kent Schofield | Goldman Sachs | 13.00 | 16.4% |
| Fidelity & Guaranty Life | NYSE | FGL | 22.26 | 5 | Downgrade to neutral from outperform | Thomas Gallagher | Credit Suisse | 24.00 | 7.8% |
Raymond James upgraded Ruth’s Hospitality Group Inc (NASDAQ: RUTH), a restaurant company focused on the upscale dining segment, to outperform from market perform with a price target of $13.50, indicating an upside of 6% from current levels. RUTH is scheduled to report its first quarter 2014 earnings on Monday, April 28, 2014 at 4:30 PM Eastern Time. The rating firm noted the recent pullback in the share price as the reason to upgrade the stock.
BJ’s Restaurants Inc (NASDAQ: BJRI), a restaurants owner and operator with over 130 restaurants located in 15 states across U.S., was upgraded to buy from hold at Wunderlich Securities increasing its price target to $36.00 from $27.00, indicating an upside of 18.1% from current levels. The rating firm believes that BJRI’s recent aggressive plans including the addition of new board members, a $50 million repurchase authorization and expansion of the company’s cost-optimization plans will lead to improved operating performance of the company.
FBR Capital Markets upgraded HomeAway Inc (NASDAQ: AWAY), an online marketplace for the vacation rental industry, to outperform from market perform raising its price target to $45.00 from $34.00, indicating an upside of 20.2% from current levels. AWAY is scheduled to report its Q1’14 earnings on April 24th 2014.
Goldman Sachs initiated coverage on Aerohive Networks Inc (NYSE: HIVE), engaged in designing and developing a cloud-managed mobile networking platform that enables enterprises to deploy a mobile-centric network edge, with a buy/attractive rating assigning a 12-month price target of $13.00, indicating an upside of 16.4% from current levels.
Credit Suisse downgraded Fidelity & Guaranty Life (NYSE: FGL), a holding company that offers various types of fixed annuities and life insurance products through its insurance subsidiaries, to neutral from outperform with a price target of $24.00, indicating an upside of 7.8% from current levels.
