| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Computer Modelling Group Ltd | TSX | CMG | 30.00 | 9 | Upgrade to buy from hold | Steve Li | Industrial Alliance Securities | 35.00 | 16.7% |
| BrightPath Early Learning Inc | TSXV | BPE | 0.44 | 4 | Upgrade to buy from neutral | Dundee Securities Corp | Dundee Securities Corp | 0.65 | 47.7% |
| Sherritt International Corp | TSX | S | 4.45 | 11 | Upgrade to sector outperform from sector perform | Alec Kodatsky | CIBC World Markets | 6.50 | 46.1% |
| Transcontinental Inc | TSX | TCL/A | 16.05 | 10 | Downgrade to sector perform from outperform | Haran Posner | RBC Capital Markets | 16.00 | -0.3% |
| HudBay Minerals Inc | TSX | HBM | 10.58 | 18 | Downgrade to sector perform from sector outperform | Alec Kodatsky | CIBC World Markets | 11.00 | 4.0% |
Industrial Alliance Securities upgraded Computer Modelling Group Ltd (TSX: CMG), a computer software technology company engaged in serving the oil and gas industry, to buy from hold raising its price target to C$35.00 from C$25.50, indicating an upside of 16.7% from current levels.
BrightPath Early Learning Inc (TSXV: BPE), engaged in the design, development, marketing, management and ownership of child care centers, was upgraded to buy from neutral at Dundee Securities Corp raising its price target to C$0.65 from C$0.55, indicating an upside of 47.7% from current levels.
CIBC World Markets upgraded Sherritt International Corp (TSX: S), a Canada-based natural resource company with interests in nickel and cobalt mining, processing and refining; thermal coal technology and production; oil and gas exploration, development and production, and electricity generation, to sector outperform from sector perform increasing its price target to C$6.50 from C$5.00, indicating an upside of 46.1% from current levels.
However, CIBC downgraded HudBay Minerals Inc (TSX: HBM), an integrated mining company engaged in producing copper concentrate and zinc metal and focuses on the discovery, production and marketing of base and precious metals, to sector perform from sector outperform with a price target of C$11.00, indicating an upside of 4% from current levels.
RBC Capital Markets downgraded Transcontinental Inc (TSX: TCL/A), a printer and provider of media and marketing activation solutions, to sector perform from outperform with a price target of C$16.00, indicating a downside of 0.3% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Youku Tudou Inc | NYSE | YOKU | 20.31 | 19 | Upgrade to neutral from underweight | Chi Tsang | HSBC | 22.00 | 8.3% |
| Icad Inc | NASDAQ | ICAD | 6.87 | 2 | Upgrade to overweight from hold | Timothy Stanish | EVA Dimensions | NA | NA |
| Montage Technology Group Ltd | NASDAQ | MONT | 17.17 | 7 | Upgrade to overweight from hold | Andrew S Zamfotis | EVA Dimensions | NA | NA |
| InterXion Holding NV | NYSE | INXN | 25.84 | 15 | Upgrade to overweight from equalweight | Jonathan Schildkraut | Evercore Partners | 28.00 | 8.4% |
| Frontline Ltd/Bermuda | NYSE | FRO | 2.86 | 24 | Downgrade to sell from hold | Nicolay Dyvik | DNB Markets | 2.18 | -23.8% |
HSBC upgraded Youku Tudou Inc (NYSE: YOKU), an Internet television company in China which enables consumers to search, view and share video content across multiple devices, to neutral from underweight with a price target of $22.00, indicating an upside of 8.3% from current levels. Recently, YOKU reported that its first quarter 2014 revenues grew 36% to $112.7 million over the previous year period, while its losses narrowed 19% to $23.8 million or 14 cents per share. For the second quarter, the company expects revenues between $151.3 million and $160.9 million.
EVA dimensions upgraded the following two stocks to overweight rating from hold. The rating firm did not assign any price target to the stocks.
- Icad Inc (NASDAQ: ICAD) sells and supports medical imaging systems worldwide. The company focuses on women’s health initiatives, particularly computer-aided detection (CAD) of breast cancer.
- Montage Technology Group Ltd (NASDAQ: MONT), a global fabless provider of analog and mixed-signal semiconductor solutions addressing the home entertainment and cloud computing markets.
Evercore Partners upgraded InterXion Holding NV (NYSE: INXN), a provider of carrier-neutral colocation data center services, to overweight from equal-weight with a price target of $28.00, indicating an upside of 8.4% from current levels.
DNB Markets downgraded Frontline Ltd (NYSE: PRO), a Bermuda-based shipping company engaged primarily in the ownership and operation of oil tankers, to sell from hold lowering its price target to $2.18 from $4.13, indicating a downside of 23.8% from current levels.
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