Notable Analyst Upgrades and Downgrades (NASDAQ: GLNG) (TSX: PSD)

Published:

The following stocks were upgraded/downgraded on July 03, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Pulse Seismic Inc TSX PSD 3.19 189.9 Upgrade to hold from sell Gabriel Leung Paradigm Capital Inc 3.00 -6.0%
TAG Oil Ltd TSX TAO 2.72 174.2 Upgrade to neutral from underperform David Popowich Macquarie 3.50 28.7%
Dollarama Inc TSX DOL 91.28 6,113.5 Upgrade to buy from hold Keith E Howlett Desjardins Securities 99.00 8.5%
TECSYS Inc TSX TCS 6.40 73.9 Initiate with buy Nick Agostino Laurentian Bank Securities 8.25 28.9%
Canexus Corp TSX CUS 4.67 851.1 Downgrade to reduce from hold Damir Gunja TD Securities 4.00 -14.3%

Paradigm Capital Inc upgraded Pulse Seismic Inc (TSX: PSD), engaged in the acquisition, marketing and licensing of two-dimensional (2D) and three-dimensional (3D) seismic data for the energy sector, to hold from sell increasing its price target to C$3.00 from C$2.75, indicating a downside of 6% from current levels.

TAG Oil Ltd (TSX: TAO), an oil and gas exploration and production company, was upgraded to neutral from underperform at Macquarie with a price target of C$3.50, indicating an upside of 28.7% from current levels.

Desjardins Securities upgraded Dollarama Inc (TSX: DOL), engaged in offering a range of consumer products and general merchandise for everyday use, in addition to seasonal products, to buy from hold with a price target of C$99.00, indicating an upside of 8.5% from current levels.

Laurentian Bank Securities initiated coverage on TECSYS Inc (TSX: TCS), a supply chain management (SCM) provider of powerful warehouse, transportation and distribution management software solutions and industry expert services, with a buy rating assigning a 12-month price target of C$8.25, indicating an upside of 28.9% from current levels.

TD Securities downgraded Canexus Corp (TSX: CUS), engaged in manufacturing a wide range of chemical products, to reduce from hold lowering its price target to C$4.00 from C$5.00, indicating a downside of 14.3% from current levels.

The following stocks were upgraded/downgraded on July 03, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Golar LNG Ltd NASDAQ GLNG 60.42 5,635.7 Upgrade to hold from strong sell Axel Styrman Nordea Equity Research 63.00 4.3%
Athlon Energy Inc NYSE ATHL 48.03 4,664.9 Upgrade to buy from neutral Betty Jiang UBS 58.00 20.8%
Alliance Fiber Optic Products Inc NASDAQ AFOP 19.96 368.7 Initiate with buy Christopher J Longiaru Sidoti & Company LLC 28.00 40.3%
Aerie Pharmaceuticals Inc NASDAQ AERI 25.31 593.2 Initiate with buy Dr Corey Davis Canaccord Genuity Corp 40.00 58.0%
Regado Biosciences Inc NASDAQ RGDO 2.81 94.4 Downgrade to underperform from outperform Dr Jim Birchenough BMO Capital Markets 1.00 -64.4%

Nordea Equity Research upgraded Golar LNG Ltd (NASDAQ: GLNG), owner and operator of liquefied natural gas (LNG) carriers and floating storage regasification units, to hold from strong sell increasing its price target to $63.00 from $31.00, indicating an upside of 4.3% from current levels.

Athlon Energy Inc (NYSE: ATHL), an oil and natural gas exploration and production company, was upgraded to buy from neutral at UBS raising its price target to $58.00 from the earlier target of $45.00, indicating an upside of 20.8% from current levels.

Sidoti & Company LLC initiated coverage on Alliance Fiber Optic Products Inc (NASDAQ: AFOP), a designer, manufacturer, and marketer of a variety of high performance fiber optic components and modular solutions, with a buy rating assigning a 12-month price target of $28.00, indicating an upside of 40.3% from current levels.

Coverage on Aerie Pharmaceuticals Inc (NASDAQ: AERI), a clinical stage pharmaceutical company focused on the discovery, development, and distribution of pharmaceutical products for the treatment of glaucoma and other eye diseases, was initiated with a buy at Canaccord Genuity Corp with a 12-month price target of $40.00, indicating an upside of 58% from current levels.

BMO Capital Markets downgraded Regado Biosciences Inc (NASDAQ: RGDO), a biopharmaceutical company focused on the discovery and development of actively controllable antithrombotic drug systems for acute and sub-acute cardiovascular indications, to underperform from outperform lowering its price target to $1.00 from $12.00, indicating a downside of 64.4% from current levels.

Related articles

Recent articles