Ithaca
Energy Inc. (TSX: IAE) and Buffalo Wild Wings Inc. (NASDAQ: BWLD) are among a
number of companies that received either an analyst upgrade or downgrade
recently, including one with potential upside of more than 69%.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Midway Gold Corp | TSX | MDW | 0.97 | 167.6 | Upgrade to speculative buy from hold | Joe Mazumdar | Canaccord Genuity Corp | 1.15 | 18.6% |
| Ithaca Energy Inc | TSX | IAE | 1.49 | 491.0 | Upgrade to outperform from market perform | Stephane Foucaud | FirstEnergy Capital Corp | 2.53 | 69.8% |
| Aimia Inc | TSX | AIM | 15.55 | 2,705.8 | Upgrade to outperform from sector perform | Adam Shine | National Bank Financial | 20.00 | 28.6% |
| NeuLion Inc | TSX | NLN | 1.05 | 183.8 | Initiate with buy | Matthew Harrigan | Wunderlich Securities | 1.50 | 42.9% |
| Lightstream Resources Ltd | TSX | LTS | 3.39 | 678.7 | Downgrade to underweight from equalweight | Grant Hofer | Barclays | 3.25 | -4.1% |
Canaccord Genuity Corp upgraded Midway Gold Corp (TSX: MDW), engaged in the acquisition, exploration and development of gold and silver mineral properties in North America, to speculative buy from hold with a price target of C$1.15, indicating an upside of 18.6% from current levels.
Ithaca Energy Inc (TSX: IAE), engaged in the exploration, development and production of oil and gas, was upgraded by FirstEnergy Capital Corp to outperform from market perform raising its price target to C$2.53 from C$2.51, indicating an upside potential of 69.8% from current levels.
National Bank Financial upgraded Aimia Inc (TSX: AIM), engaged in providing provides loyalty management services, to outperform from sector perform with a price target of C$20.00, indicating an upside of 28.6% from current levels.
Coverage on NeuLion Inc (TSX: NLN), engaged in delivering international television channels over the Internet, was initiated with a buy rating at Wunderlich Securities, assigning a 12-month price target of C$1.50, indicating an upside potential of 42.9% from current levels.
Barclays downgraded Lightstream Resources Ltd (TSX: LTS), engaged in the exploration and production of light oil in Canada, to underweight from equal weight by reducing its price target to C$3.25 from C$7.00, indicating a downside of 4.1% from current levels.
| Company Name | Exchange | Ticker | Last Price | Market Cap | Recommendation | Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| DryShips Inc | NASDAQ | DRYS | 1.61 | 700.5 | Upgrade to outperform from underperform | Andrew Casella | Imperial Capital LLC | 1.90 | 18.0% |
| Buffalo Wild Wings Inc | NASDAQ | BWLD | 151.68 | 2,869.9 | Upgrade to outperform from neutral | David E Tarantino | Robert W. Baird & Co | 180.00 | 18.7% |
| Akorn Inc | NASDAQ | AKRX | 43.54 | 4,534.0 | Initiate with Fairly Valued | Timothy Chiang | CRT Capital Group | 46.00 | 5.6% |
| Cogent Communications Holdings Inc | NASDAQ | CCOI | 32.82 | 1,521.0 | Initiate with buy | Walter P Piecyk Jr | BTIG LLC | 40.00 | 21.9% |
| Artisan Partners Asset Management Inc | NYSE | APAM | 49.02 | 3,575.2 | Downgrade to hold from buy | Michael S Kim | Sandler O’Neill & Partners, LP | 52.00 | 6.1% |
Imperial Capital LLC upgraded DryShips Inc (NASDAQ: DRYS), engaged in the business of providing ocean transportation services for drybulk and petroleum cargoes, to outperform from underperform raising its price target to $1.90 from $1.40, indicating an upside of 18.0% from current levels.
Buffalo Wild Wings Inc (NASDAQ: BWLD), engaged in owning, operating, and franchising casual dining restaurants, was upgraded by Robert W. Baird & Co to outperform from neutral raising its price target to $180.00 from $160.00, indicating an upside potential of 18.7% from current levels.
Coverage on Akorn Inc (NASDAQ: AKRX), engaged in manufacturing and marketing a full line of diagnostic and therapeutic ophthalmic pharmaceuticals, as well as niche hospital drugs and injectable pharmaceuticals, was initiated with a fairly valued rating at CRT Capital Group, assigning a 12-month price target of $46.00, indicating an upside potential of 5.6% from current levels.
BTIG LLC initiated coverage on Cogent Communications Holdings Inc (NASDAQ: CCOI), engaged in providing Internet access, Internet Protocol (IP) and communications services, with a buy rating assigning a 12-month price target of $40.00, indicating an upside of 21.9% from current levels.
Artisan Partners Asset Management Inc (NYSE: APAM), engaged in providing investment management services, was downgraded by Sandler O’Neill & Partners, LP to hold from buy by reducing its price target to $52.00 from $59.00, implying an upside potential of 6.1% from current levels.
