| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Secure Energy Services Inc | TSX | SES | 19.47 | 13 | Upgrade to buy from hold | John Bereznicki | Canaccord Genuity Corp | 22.50 | 15.6% |
| Ensign Energy Services Inc | TSX | ESI | 16.97 | 13 | Upgrade to outperform from market perform | Andrew Bradford | Raymond James | 19.00 | 12.0% |
| Precision Drilling Corp | TSX | PD | 13.84 | 20 | Upgrade to outperform from market perform | Andrew Bradford | Raymond James | 15.50 | 12.0% |
| Toromont Industries Ltd | TSX | TIH | 26.10 | 13 | Downgrade to sector perform from outperform | Sara O’Brien | RBC Capital Markets | 28.00 | 7.3% |
| Capital Power Corp | TSX | CPX | 25.30 | 11 | Downgrade to sector perform from outperform | Patrick Kenny | National Bank Financial | 26.00 | 2.8% |
Canaccord Genuity Corp upgraded Secure Energy Services Inc (TSX: SES), a diversified energy services company operating in two divisions: processing, recovery and disposal division and drilling services division, to buy from hold increasing its price target to C$22.50 from $18.00, indicating an upside of 15.6% from current levels. Analyst John Bereznicki notes the company’s impressive track record of generating return for shareholders at a CAGR of 60% since its 2010 initial public offering, positions it well for future growth as the company expands its leadership in the oilfield waste treatment subsector.
Raymond James upgraded two energy companies, Ensign Energy Services Inc (TSX: ESI) and Precision Drilling Corp (TSX: PD), to outperform from market perform with a price target of C$19.00 for ESI and C$15.50 for PD. The price targets indicate an upside potential of 12% for each of the stocks.
RBC Capital Markets downgraded Toromont Industries Ltd (TSX: TIH), engaged in selling and providing services for Caterpillar construction equipment and power systems in the provinces of Ontario, Manitoba, Newfoundland, Labrador and Nunavut, Canada, to sector perform from outperform with a price target of C$28.00, indicating an upside of 7.3% from current levels.
Capital Power Corp (TSX: CPX), a North American independent power producer, was downgraded to sector perform from outperform at National Bank Financial with a price target of C$26.00, indicating an upside of 2.8% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Netscout Systems Inc | NASDAQ | NTCT | 38.44 | 12 | Upgrade to buy from hold | Matthew S Robison | Wunderlich Securities | 46.00 | 19.7% |
| Landstar System Inc | NASDAQ | LSTR | 63.20 | 21 | Upgrade to buy from hold | Robert Salmon | Deutsche Bank | 70.00 | 10.8% |
| Youku Tudou Inc | NYSE | YOKU | 24.14 | 19 | Upgrade to buy from neutral | Chao Wang | Nomura | 35.00 | 45.0% |
| Nord Anglia Education Inc | NYSE | NORD | 20.79 | 9 | Initiate with outperform | Anjaneya Singh | Credit Suisse | 25.00 | 20.3% |
| Cytokinetics Inc | NASDAQ | CYTK | 4.59 | 9 | Downgrade to neutral from overweight | Dr Charles C Duncan | Piper Jaffray | 7.00 | 52.5% |
Wunderlich Securities upgraded Netscout Systems Inc (NASDAQ: NTCT), engaged in designing, developing, manufacturing, marketing, licensing, selling and providing supports to application and network performance management and service assurance solutions, to buy from hold with a price target of $46.00, indicating an upside of 19.7% from current levels. The rating firm upgraded the stock following the company’s strong Q1’14 results. The firm reported net income of $16.7 million or 40 cents per share in the first quarter 2014 compared to $14.6 million or 34 cents per share during the same quarter of 2013.
Landstar System Inc (NASDAQ: LSTR), a non-asset based provider of freight transportation services and supply chain solutions, was upgraded to buy from hold at Deutsche Bank raising its price target to $70.00 from $63.00, indicating an upside of 10.8% from current levels. The rating firm notes that improving fundamentals and the company’s buyback potential following its Q1 results will drive the stock.
Nomura upgraded Youku Tudou Inc (NYSE: YOKU), an Internet television company that enables consumers to search, view and share video content across multiple devices, to buy from neutral with a price target of $35.00, indicating an upside of 45% from current levels.
Credit Suisse initiated coverage on Nord Anglia Education Inc (NYSE: NORD), an international operator of premium schools, with an outperform rating assigning a 12-month price target of $25.00, indicating an upside of 20.3% from current levels.
Piper Jaffray downgraded Cytokinetics Inc (NASDAQ: CYTK), a biopharmaceutical company focused on the discovery and development of small molecule therapeutics that modulate muscle function for the potential treatment of serious diseases and medical conditions, to neutral from overweight lowering its price target to $7.00 from $18.00, indicating an upside of 52.5% from current levels.
