| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Baytex Energy Corp | TSX | BTE | 40.79 | 14 | Upgrade to buy from hold | Menno Hulshof | TD Securities | 47.00 | 15.2% |
| OceanaGold Corp | TSX | OGC | 2.77 | 7 | Initiate with outperform | Raj Ray | National Bank Financial | 3.40 | 22.7% |
| Orezone Gold Corp | TSX | ORE | 0.63 | 9 | Initiate with buy | Nana Sangmuah | Clarus Securities | 1.20 | 90.5% |
| Prometic Life Sciences Inc | TSX | PLI | 1.58 | 3 | Initiate with buy | Neil Maruoka | Canaccord Genuity Corp | 2.00 | 26.6% |
| Endeavour Silver Corp | TSX | EDR | 6.06 | 11 | Downgrade to hold from buy | Ash Guglani | Salman Partners | 6.50 | 7.3% |
TD Securities upgraded Baytex Energy Corp (TSX: BTE), engaged in the business of acquiring, developing, exploiting and holding interests in petroleum and natural gas properties, to buy from hold raising its price target to C$47.00 from C$45.00, indicating an upside of 15.2% from current levels. The rating firm upgraded the stock following the announced acquisition of Aurora Oil and Gas Ltd. (TSX: AEF) and concurrent financing.
National Bank Financial initiated coverage on OceanaGold Corp (TSX: OGC), engaged in exploration and the development and operation of gold and other mineral mining activities, with an outperform rating assigning a 12-month price target of C$3.40, indicating an upside of 22.7% from current levels.
Coverage on Orezone Gold Corp (TSX: ORE), an exploration-stage company engaged in the acquisition, exploration and development of gold projects, was initiated with a buy at Clarus Securities assigning a 12-month price target of C$1.20, indicating an upside of 90.5% from current levels.
Canaccord Genuity Corp initiated coverage on Prometic Life Sciences Inc (TSX: PLI), a bio-pharmaceutical company offering technologies for large-scale drug purification, drug development, proteomics, clinical diagnostics and the elimination of pathogens, with a buy assigning a 12-month price target of C$2.00, indicating an upside of 26.6% from current levels.
Salman Partners downgraded Endeavour Silver Corp (TSX: EDR), engaged in the evaluation, acquisition, exploration, development and exploitation of silver mining properties, to hold from buy with a price target of C$6.50, indicating an upside of 7.3% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Polypore International Inc | NYSE | PPO | 32.50 | 15 | Upgrade to outperform from neutral | Craig Irwin | Wedbush | 38.00 | 16.9% |
| TriQuint Semiconductor Inc | NASDAQ | TQNT | 11.50 | 10 | Upgrade to buy from hold | Mike Burton | Brean Capital LLC | 16.00 | 39.1% |
| SciQuest Inc | NASDAQ | SQI | 29.85 | 11 | Upgrade to buy from hold | Richard Davis Jr | Canaccord Genuity Corp | 36.00 | 20.6% |
| Datawatch Corp | NASDAQ | DWCH | 33.22 | 6 | Initiate with outperform | Peter Goldmacher | Cowen and Company | 40.00 | 20.4% |
| RealPage Inc | NASDAQ | RP | 16.03 | 9 | Downgrade to sector perform from outperform | Matthew Hedberg | RBC Capital Markets | 22.00 | 37.2% |
Wedbush upgraded Polypore International Inc (NYSE: PPO), a global high-technology filtration company that develops, manufactures and markets specialized microporous membranes used in separation and filtration processes, to outperform from neutral with a price target of $38.00, indicating an upside of 16.9% from current levels. For the fourth quarter 2013 earnings, PPO reported an EPS of 31 cents per share beating the consensus estimate of 29 cents. The rating firm upgraded the stock citing it attractively valued.
TriQuint Semiconductor Inc (NASDAQ: TQNT), engaged in providing a portfolio of radio frequency (RF) solutions, was upgraded to buy from hold at Brean Capital LLC with a price target of $16.00, indicating an upside of 39.1% from current levels. Analyst Mike Burton believes that after RF Micro Devices Inc. (NASDAQ: RFMD) agreed to buy TQNT for $1.59 billion, the combination will reduces the number of suppliers and boost their profits by making it harder for customers to push back on pricing.
Canaccord Genuity Corp upgraded SciQuest Inc (NASDAQ: SQI), a provider of on-demand strategic procurement and supplier management solutions, to buy from hold increasing its price target to $36.00 from the earlier target of $28.00, indicating an upside of 20.6% from current levels. After announcing a strong fourth quarter 2013 earnings, SQI provided guidance for first quarter and full year of 2014. For the first quarter 2014, the company expects revenues between $25.5 million – $25.8 million and foresees earnings to range in 8 cents – 9 cents per share. For the full year 2014, SQI guided revenues between $106.5 million – $111.5 million and EPS of 40 cents to 44 cent.
Cowen and Company initiated coverage on Datawatch Corp (NASDAQ: DWCH), engaged in the designing, developing and providing support of business computer software, with an outperform rating assigning a 12-month price target of $40.00, indicating an upside of 20.4% from current levels.
RBC Capital Markets downgraded RealPage Inc (NASDAQ: RP), a provider of on demand software solutions for the rental housing industry, to sector perform from outperform lowering its price target to $22.00 from the earlier target of $28.00, indicating an upside of 37.2% from current levels.
