| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Kootenay Silver Inc | TSXV | KTN | 0.35 | 1 | Upgrade to buy from neutral | Philip Ker | PI Financial Corp. | 0.50 | 44.9% |
| ZCL Composites Inc | TSX | ZCL | 6.45 | 5 | Upgrade to outperform from market perform | Ben Cherniavsky | Raymond James | 7.50 | 16.3% |
| Wajax Corp | TSX | WJX | 33.75 | 10 | Upgrade to buy from hold | Peter Prattas | Cantor Fitzgerald | 36.00 | 6.7% |
| MAG Silver Corp | TSX | MAG | 8.32 | 6 | Initiate with buy | Heiko Ihle | HC Wainwright & Co LLC | 10.02 | 20.4% |
| Essential Energy Services Ltd | TSX | ESN | 2.99 | 10 | Downgrade to sector perform from outperform | Greg Colman | National Bank Financial | 3.15 | 5.4% |
PI Financial Corp. upgraded Kootenay Silver Inc (TSXV: KTN), an exploration-stage company focused on acquiring and exploring mineral properties, to buy from neutral with a price target of C$0.50, indicating an upside of 44.9% from current levels.
ZCL Composites Inc (TSX: ZCL), engaged in the manufacturing and distribution of liquid storage system, including fibregalss underground storage tanks, dual-laminate composite tanks and related products and accessories, was upgraded to outperform from market perform at Raymond James raising its price target to C$7.50 from C$6.75, indicating an upside of 16.3% from current levels. Recently, ZCL reported that for Q1’14, it registered revenues of C$31.6 million, while net income stood at C$1.4 million or C$0.05 per share. The company increased its quarterly dividend by 40% to C$0.035 per share payable on July 15th 2014, to the shareholders of record as of June 30th 2014.
Cantor Fitzgerald upgraded Wajax Corp (TSX: WJX), engaged in the sale and after-sales parts and service support of equipment, power systems and industrial components, to buy from hold with a price target of C$36.00, indicating an upside of 6.7% from current levels.
HC Wainwright & Co LLC initiated coverage on MAG Silver Corp (TSX: MAG), a silver mining company, with a buy rating assigning a 12-month price target of C$10.02, indicating an upside of 20.4% from current levels.
National Bank Financial downgraded Essential Energy Services Ltd (TSX: ESN), a Canada-based company operating the coil well servicing fleet in the Western Canadian Sedimentary Basin (WCSB), to sector perform from outperform lowering its price target to C$3.15 from C$3.50, indicating an upside of 5.4% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| BroadSoft Inc | NASDAQ | BSFT | 20.36 | 15 | Upgrade to outperform from market perform | Tavis C McCourt | Raymond James | 24.00 | 17.9% |
| Infinity Pharmaceuticals Inc | NASDAQ | INFI | 9.05 | 12 | Upgrade to buy from hold | Eun K Yang | Jefferies | 13.00 | 43.6% |
| Interactive Intelligence Group Inc | NASDAQ | ININ | 50.16 | 8 | Upgrade to buy from neutral | Matthew Galinko | Sidoti & Company LLC | 69.00 | 37.6% |
| TriNet Group Inc | NYSE | TNET | 22.87 | 7 | Initiate with overweight | Tien-Tsin Huang | JPMorgan | 27.00 | 18.1% |
| KBR Inc | NYSE | KBR | 23.48 | 19 | Downgrade to neutral from buy | Steven Fisher | UBS | 26.00 | 10.7% |
Raymond James upgraded BroadSoft Inc (NASDAQ: BSFT), a global provider of software and services that enable mobile, fixed-line and cable service providers to deliver unified communications (UC) and other voice and multimedia services, to outperform from market perform with a price target of $24.00, indicating an upside potential of 17.9% from current levels.
Infinity Pharmaceuticals Inc (NASDAQ: INFI), a drug discovery and development company for both hematologic malignancies and inflammatory diseases, was upgraded to buy from hold at Jefferies with a price target of $13.00, indicating an upside of 43.6% from current levels.
Sidoti & Company LLC upgraded Interactive Intelligence Group Inc (NASDAQ: ININ), a provider of software applications consisting of a range of applications, to buy from neutral with a price target of $69.00, indicating an upside of 37.6% from current levels. For Q1’14, ININ reported an 8% y-o-y growth in revenues to $79.8 million. Total orders were up 42% y-o-y and cloud-based orders increased 165% to 59% of total orders.
JPMorgan initiated coverage on TriNet Group Inc (NYSE: TNET), a provider of a comprehensive human resources solution for small to medium-sized businesses, with an overweight rating assigning a 12-month price target of $27.00, indicating an upside of 18.1% from current levels. Recently, TNET reported that its total revenues for Q1’14 grew 45% to $508.9 million and Net Service Revenues increased 31% to $127.8 million. Net income during the quarter stood at $1.50 million or 3 cents per share.
UBS downgraded KBR Inc (NYSE: KBR), a global engineering, construction and services company supporting the energy, hydrocarbons, Government services, minerals, civil infrastructure, power, industrial and commercial markets, to neutral from buy lowering its price target to $26.00 from $33.00, indicating an upside of 10.7% from current levels.
