| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Veresen Inc | TSX | VSN | 16.17 | 11 | Upgrade to sector perform from underperform | Patrick Kenny | National Bank Financial | 15.50 | -4.1% |
| Primero Mining Corp | TSX | P | 7.60 | 15 | Upgrade to buy from hold | Rob Chang | Cantor Fitzgerald | 9.10 | 19.7% |
| Zargon Oil & Gas Ltd | TSX | ZAR | 7.93 | 9 | Upgrade to buy from hold | Gordon Currie | Salman Partners | 10.00 | 26.1% |
| Trican Well Service Ltd | TSX | TCW | 13.33 | 19 | Initiate with buy | Daniel Cruise | ISI Group | 15.00 | 12.5% |
| Argent Energy Trust | TSX | AET-U | 5.11 | 8 | Downgrade to reduce from hold | Aaron Bilkoski | TD Securities | 5.75 | 12.5% |
National Bank Financial upgraded Veresen Inc (TSX: VSN), a Canadian corporation managing its pipeline transportation, midstream services, and power generation businesses, to sector perform from underperform increasing its price target to C$15.50 from C$14.00, indicating a downside of 4.1% from current levels. Recently, VSN reported that Canada’s National Energy Board had approved its request for a license to export natural gas for a U.S. liquefied natural gas project.
Primero Mining Corp (TSX: P), a precious metals producer focused on assets in the Americas through acquiring, exploring, developing and operating mineral resource properties, was upgraded to buy from hold at Cantor Fitzgerald increasing its price target to C$9.10 from C$7.00, indicating an upside of 19.7% from current levels.
Salman Partners upgraded Zargon Oil & Gas Ltd (TSX: ZAR), engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production, to buy from hold increasing its price target to C$10.00 from C$8.00, indicating an upside of 26.1% from current levels.
ISI Group initiated coverage on Trican Well Service Ltd (TSX: TCW), an oilfield services company providing an array of specialized products, equipment, services and technology for use in the drilling, completion, stimulation and reworking of oil and gas wells, with a buy rating assigning a 12-month price target of C$15.00, indicating an upside of 12.5% from current levels.
TD Securities downgraded Argent Energy Trust (TSX: AET-U), a Canada-based open-ended trust focused on acquiring, exploiting and developing long-life crude oil and natural gas reserves, to reduce from hold lowering its price target to C$5.75 from C$7.50, indicating an upside of 12.5% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Axiall Corp | NYSE | AXLL | 45.96 | 13 | Upgrade to buy/attractive from neutral/attractive | Brian P Maguire | Goldman Sachs | 60.00 | 30.5% |
| Inphi Corp | NTSE | IPHI | 15.17 | 9 | Upgrade to buy from hold | Sundeep Bajikar | Jefferies | 17.00 | 12.1% |
| E2open Inc | NASDAQ | EOPN | 28.85 | 9 | Initiate with buy | Yun Kim | B Riley & Co | 35.00 | 21.3% |
| Alcobra Ltd | NASDAQ | ADHD | 23.61 | 3 | Initiate with market outperform | Jason N Butler | JMP Securities | 36.00 | 52.5% |
| Numerex Corp | NASDAQ | NMRX | 15.11 | 4 | Downgrade to hold from buy | T Michael Walkley | Canaccord Genuity Corp | 15.00 | -0.7% |
Goldman Sachs upgraded Axiall Corp (NYSE: AXLL), a manufacturer and an international marketer of chlorovinyl and aromatic chemicals, and vinyl-based building and home improvement products, to buy/attractive from neutral/attractive raising its price target to $60.00 from $45.00, indicating an upside of 30.5% from current levels. The rating firm believes that all the near-term bad news for the company is priced into the shares and the current price reflects the headwinds are priced in. The rating firm believes the stock could appreciate in the next 12 months as fundamentals rebound.
Inphi Corp (NYSE: IPHI), a provider of high-speed analog semiconductor solutions for the communications and computing markets, was upgraded to buy from hold at Jefferies increasing its price target to $17.00 from $13.00, indicating an upside of 12.1% from current levels. The rating firm believes that a confluence of SDN, Data Center Disaggregation, and transition from HDD to SSD is driving a compelling case for upgrading Cloud Data Center interconnects from 10G to 100G. As the only company with a full silicon solution for 100G, we expect IPHI to dominate silicon components for 100G both through optical modules and line cards.
B Riley & Co initiated coverage on E2open Inc (NASDAQ: EOPN), a provider of cloud-based, on-demand software solutions, with a buy rating assigning a 12-month price target of $35.00, indicating an upside of 21.3% from current levels.
Coverage on Alcobra Ltd (NASDAQ: ADHD), a biopharmaceutical company engaged in the development and commercialization of a proprietary drug, MG01CI, to treat Attention Deficit Hyperactivity Disorder (ADHD), was initiated with market outperform rating at JMP Securities with a price target of $36.00, indicating an upside of 52.5% from current levels. Recently, FDA approved the trial of ADHD’s Metadoxine Extended Release (MDX) treatment for Attention Deficit Hyperactivity Disorder (ADHD), Fragile X Syndrome and other cognitive dysfunctions.
Canaccord Genuity Corp downgraded Numerex Corp (NASDAQ: MNRX), a provider of business services, technology, and products used in the development and support of machine-to-machine (M2M) solutions, to hold from buy lowering its price target to $15.00 from $18.00, indicating a downside of 0.7% from current levels.
