| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Donnycreek Energy Inc | TSXV | DCK | 2.27 | 5 | Upgrade to buy from hold | Ken F Lin | Paradigm Capital Inc | 3.00 | 32.2% |
| Petroamerica Oil Corp | TSXV | PTA | 0.32 | 6 | Initiate with strong buy | Victor Vallance | Edgecrest Capital | 0.45 | 40.6% |
| Rubicon Minerals Corp | TSX | RMX | 1.13 | 5 | Initiate with buy | Brian Szeto | PI Financial Corp. | 2.00 | 77.0% |
| Cogeco Cable Inc | TSX | CCA | 63.39 | 15 | Initiate with buy | Joseph Mackay | Global Maxfin Capital Inc | 74.00 | 16.7% |
Paradigm Capital Inc upgraded Donnycreek Energy Inc (TSXV: DCK), a Canada-based oil and natural gas exploration and production company, to buy from hold increasing its price target to C$3.00 from C$2.25, indicating an upside of 32.2% from current levels. Recently, DCK reported the results of Evaluation of Oil and Gas Reserves on its Alberta oil and gas properties as of March 31, 2014. Total proved plus probable reserves for natural gas and liquids stood at 16.4 mmboe, while total proved reserves came at 10.8 mmboe. Donnycreek’s undeveloped acreage is valued at approximately $67.7 million.
Coverage on Petroamerica Oil Corp (TSXV: PTA), engaged in hydrocarbon exploration, production and development activities, was initiated with a strong buy at Edgecrest Capital assigning a 12-month price target of C$0.45, indicating an upside of 40.6% from current levels.
PI Financial Corp. initiated coverage on Rubicon Minerals Corp (TSX: RMX), a mineral exploration company engaged in the acquisition, exploration and development of gold and base-metal exploration properties, with a buy rating assigning a 12-month price target of $2.00, indicating an upside of 77% from current levels.
Global Maxfin Capital Inc initiated coverage on Cogeco Cable Inc (TSX: CCA), a telecommunications corporation, with a buy rating assigning a 12-month price target of C$74.00, indicating an upside of 16.7% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| The Children’s Place Retail Stores Inc | NASDAQ | PLCE | 47.56 | 20 | Upgrade to buy from neutral | Jennifer M Davis | Buckingham Research Group | 55.00 | 15.6% |
| The St Joe Co | NYSE | JOE | 22.89 | 2 | Upgrade to outperform from market perform | Buck Horne | Raymond James | 25.00 | 9.2% |
| Portfolio Recovery Associates Inc | NASDAQ | PRAA | 54.65 | 8 | Upgrade to buy from neutral | Sameer Gokhale | Janney Montgomery Scott LLC | 60.00 | 9.8% |
| Kindred Biosciences Inc | NASDAQ | KIN | 18.11 | 5 | Initiate with buy | Charles Haff | Craig-Hallum Capital Group LLC | 25.00 | 38.0% |
| Aeropostale Inc | NYSE | ARO | 3.41 | 29 | Downgrade to sector perform from outperform | Howard Tubin | RBC Capital Markets | 6.00 | 76.0% |
Buckingham Research Group upgraded The Children’s Place Retail Stores Inc (NASDAQ: PLCE), a specialty retailer of apparel and accessories for children, to buy from neutral increasing its price target to $55.00 from $52.00, indicating an upside of 15.6% from current levels. Recently, PLCE announced that it has entered into a franchise agreement with Grupo David, a retail corporation headquartered in Panama, to expand its brand in Latin America and the Caribbean with the potential to open 35 to 40 stores over the next few years beginning fall 2014. The company also declared a quarterly cash dividend of 13 cents per share payable on July 17th 2014 to shareholders of record at the close of business on June 27th 2014.
The St Joe Co (NYSE: JOE), a Florida based real estate development company operating in five segments: residential real estate, commercial real estate, resorts, leisure and leasing operations, forestry, and rural land, was upgraded to outperform from market perform at Raymond James with a price target of $25.00, indicating an upside of 9.2% from current levels.
Janney Montgomery Scott LLC upgraded Portfolio Recovery Associates Inc (NASDAQ: PRAA), engaged in the detection, collection and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others, to buy from neutral with a price target of $60.00, indicating an upside of 9.8% from current levels.
Craig-Hallum Capital Group LLC initiated coverage on Kindred Biosciences Inc (NASDAQ: KIN), a development-stage biopharmaceutical company, with a buy rating assigning a 12-month price target of $25.00, indicating an upside of 38% from current levels.
RBC Capital Markets downgraded Aeropostale Inc (NYSE: ARO), a mall-based specialty retailer of casual apparel and accessories, to sector perform from outperform lowering its price target to $6.00 from $14.00, indicating an upside of 76% from current levels.
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