| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Canexus Corp | TSX | CUS | 5.57 | 5 | Re-initiate with sector perform | Benoit Laprade | Scotia Capital | 7.50 | 34.6% |
| Peyto Exploration & Development Corp | TSX | PEY | 33.28 | 16 | Re-initiate with outperform | Jim Byrne | BMO Capital Markets | 37.00 | 11.2% |
| Corridor Resources Inc | TSX | CDH | 1.67 | 2 | Downgrade to underweight from hold | Doug Walters | EVA Dimensions | NA | NA |
| Northern Property Real Estate Investment Trust | TSX | NPR-U | 29.04 | 9 | Downgrade to hold from overweight | Timothy Stanish | EVA Dimensions | NA | NA |
Scotia Capital re-initiated coverage on Canexus Corp (TSX: CUS), a manufacturer of a wide range of chemical products, with sector perform rating assigning a 12-month price target of C$7.50, indicating an upside of 34.6% from current levels. Recently, CUS closed its previously announced private equity offerings worth C$150.1 million, representing 26.8 million shares at a price of C$5.60 per share.
Coverage on Peyto Exploration & Development Corp (TSX: PEY), a Canada-based energy company engaged in the acquisition, exploration, development and production of oil and natural gas, was re-initiated at BMO Capital Markets with an outperform rating assigning a 12-month price target of C$37.00, indicating an upside of 11.2% from current levels. Recently, PEY closed its previously announced bought deal offering of common shares worth C$160 million, issuing 4.72 million shares at a price of C$34.00 per common share.
EVA Dimensions downgraded the following stocks without assigning any price target:
- Corridor Resources Inc (TSX: CDH), a junior resource company engaged in the exploration for and development and production of petroleum and natural gas, was downgraded to underweight from hold.
- Northern Property Real Estate Investment Trust (TSX: NPR-U), an open-ended real estate investment trust that invests in a portfolio of mainly residential income-producing properties, was downgraded to hold from overweight.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Clayton Williams Energy Inc | NYSE | CWEI | 85.03 | 7 | Upgrade to buy from neutral | Ryan Oatman | SunTrust Robinson Humphrey | 145.00 | 70.5% |
| Zillow Inc | NASDAQ | Z | 78.69 | 15 | Upgrade to buy from Fairly Valued | Neil A Doshi | CRT Capital Group | 95.00 | 20.7% |
| CACI International Inc | NYSE | CACI | 70.63 | 15 | Upgrade to buy from hold | William R Loomis | Stifel | 92.00 | 30.3% |
| Natural Gas Services Group Inc | NYSE | NGS | 28.35 | 5 | Initiate with buy | Robert D. Brown | Lake Street Capital Markets LLC | 40.00 | 41.1% |
| Century Aluminum Co | NASDAQ | CENX | 10.78 | 8 | Downgrade to market perform from outperform | Anthony B Rizzuto Jr | Cowen and Company | 9.00 | -16.5% |
SunTrust Robinson Humphrey upgraded Clayton Williams Energy Inc (NYSE: CWEI), an independent oil and gas company engaged in the exploration for and production of oil and natural gas, to buy from neutral increasing its price target to C$145.00 from $83.00, indicating an upside potential of 70.5% from current levels. Recently, CWEI provided its fourth quarter 2013 operational updates. The company reported that during the fourth quarter 2013, total production increased by 8% to 14,883 BOE/D over the previous quarter. For 2014, the company estimates to produce 16,433 to 17,367 BOE of total oil equivalents.
Zillow Inc (NASDAQ: Z), a provider of products and services to help consumers through every stage of homeownership, such as buying, selling, renting, borrowing and remodeling, was upgraded to buy from fairly valued at CRT Capital Group with a price target of $95.00, indicating an upside of 20.7% from current levels. The company is scheduled to report its fourth quarter and full year 2013 financial results on Wednesday, February 12, 2014 at 5 p.m. Eastern Time.
Stifel upgraded CACI International Inc (NYSE: CACI), a provider of information technology products and services, was upgraded to buy from hold with a price target of $92.00, indicating an upside of 30.3% from current levels. Recently, after a drop in earnings on high acquisition costs, CACI boosted its full-year revenue forecast to a range of $3.6 billion to $3.8 billion, up from its previous guidance of $3.5 billion to $3.7 billion. Its forecast for fiscal 2014 earnings remains unchanged at $142 million to $152 million.
Lake Street Capital Markets LLC initiated coverage on Natural Gas Services Group Inc (NYSE: NGS), a provider of small to medium horsepower compression equipment to the natural gas industry, with a buy rating assigning a 12-month price target of $40.00, indicating an upside of 41.1% from current levels.
Cowen and Company downgraded Century Aluminum Co (NASDAQ: CENX), engaged in producing aluminum, to market perform from outperform lowering its price target to $9.00 from $10.00, indicating a downside of 16.5% from current levels.
