Notable Analyst Upgrades and Downgrades (NASDAQ: ANDE) (TSX: KBL)

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The following stocks were upgraded/downgraded on June 04, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
K-Bro Linen Inc TSX KBL 37.05 262.9 Upgrade to buy from hold Douglas W Loe Euro Pacific Canada Inc 42.50 14.7%
Magor Corp TSXV MCC 0.30 17.5 Initiate with speculative buy Damian Wojcichowsky Jacob Securities Inc 0.60 100.0%
Questor Technology Inc TSXV QST 3.96 101.0 Initiate with buy Stephen Kammermayer Clarus Securities 5.00 26.3%
B2Gold Corp TSX BTO 2.54 1,717.0 Downgrade to buy from top-pick Richard Gray Cormark Securities Inc. 4.25 67.3%

Euro Pacific Canada Inc upgraded K-Bro Linen Inc (TSX: KBL), an operator of laundry and linen processing facilities, to buy from hold increasing its price target to C$42.50 from C$38.75, indicating an upside of 14.7% from current levels.

Jacob Securities Inc initiated coverage on Magor Corp (TSXV: MCC), engaged in developing a software-based technology solution, with a speculative buy assigning a 12-month price target of C$0.60, indicating an upside of 100% from current levels.

Coverage on Questor Technology Inc (TSXV: QST), an international environmental oilfield services provider focused on clean air technologies, was initiated with a buy rating at Clarus Securities with a 12-month price target of C$5.00, indicating an upside of 26.3% from current levels.

Cormark Securities Inc. lowered its rating on B2Gold Corp (TSX: BTO), a gold producer with mining operations in Nicaragua and a portfolio of development and exploration assets in Colombia, Nicaragua and Uruguay, to buy from top-pick with a price target of C$4.25, indicating an upside of 67.3% from current levels.

The following stocks were upgraded/downgraded on June 04, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Andersons Inc NASDAQ ANDE 51.11 1,441.3 Upgrade to outperform from neutral Andrew Russell Macquarie 58.00 13.5%
Rexnord Corp NYSE RXN 27.14 2,747.0 Upgrade to overweight from equalweight Scott R Davis Barclays 37.00 36.3%
Teradyne Inc NYSE TER 18.41 3,576.2 Upgrade to buy from hold Christian Schwab Craig-Hallum Capital Group LLC 25.00 35.8%
Build-A-Bear Workshop Inc NYSE BBW 13.99 244.5 Initiate with overweight Stephanie S Wissink Piper Jaffray 17.00 21.5%
Monroe Capital Corp NASDAQ MRCC 13.92 133.2 Downgrade to neutral from outperform Bryce W Rowe Robert W. Baird & Co 14.00 0.6%

Macquarie upgraded The Andersons Inc (NASDAQ: ANDE), a diversified company engaged in agriculture business, to outperform from neutral with a price target of $58.00, indicating an upside of 13.5% from current levels.

Rexnord Corp (NYSE: RXN), a multi-platform industrial company that comprises two platforms – Process & Motion Control and Water Management, was upgraded to overweight from equal-weight at Barclays increasing its price target to $37.00 from $26.00, indicating an upside of 36.3% from current levels.

Craig-Hallum Capital Group LLC upgraded Teradyne Inc (NYSE: TER), a supplier of automatic test equipment that designs, develops, manufactures and sells automatic test systems and solutions used to test semiconductors, wireless products, hard disk drives and circuit boards, to buy from hold raising its price target to $25.00 from $19.00, indicating an upside of 35.8% from current levels.

Piper Jaffray initiated coverage on Build-A-Bear Workshop Inc (NYSE: BBW), engaged in providing a make your own stuffed animal interactive entertainment under the Build-A-Bear Workshop brand, with an overweight rating assigning a 12-month price target of $17.00, indicating an upside of 21.5% from current levels.

Robert W. Baird & Co downgraded Monroe Capital Corp (NASDAQ: MRCC), an externally managed, closed-end, non-diversified management investment company and is a specialty finance company focused on providing financing primarily to lower middle-market companies, to neutral from outperform with a price target of $14.00, indicating an upside of 0.6% from current levels.

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