| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| TAG Oil Ltd | TSX | TAO | 2.70 | 172.9 | Upgrade to neutral from underperform | David Popowich | Macquarie | 3.50 | 29.6% |
| DeeThree Exploration Ltd | TSX | DTX | 11.18 | 991.8 | Upgrade to outperform from sector perform | Dan Payne | National Bank Financial | 11.50 | 2.9% |
| MDC Partners Inc | TSX | MDZ/A | 23.20 | 1,148.2 | Initiate with overweight | Tracy Young | Evercore Partners | 28.74 | 23.9% |
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 29.6% from current levels.
National Bank Financial upgraded DeeThree Exploration Ltd (TSX: DTX), engaged in natural gas and light crude oil exploration, development and production in Western Canada, to outperform from sector perform with a 12-month price target of C$11.50, indicating an upside of 2.9% from current levels.
Evercore Partners initiated coverage on MDC Partners Inc (TSX: MDZ/A), a provider of marketing communications services to customers, with an overweight rating assigning a 12-month price target of $28.74, indicating an upside of 23.9% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| ConnectOne Bancorp Inc | NASDAQ | CNOB | 19.53 | 320.5 | Upgrade to hold from sell | Neil Fonseca | EVA Dimensions | NA | NA |
| Clearfield Inc | NASDAQ | CLFD | 16.54 | 222.0 | Upgrade to hold from under-weight | Andrew S Zamfotis | EVA Dimensions | NA | NA |
| Knightsbridge Tankers Ltd | NASDAQ | VLCCF | 13.65 | 670.5 | Upgrade to hold from under-weight | Timothy Stanish | EVA Dimensions | NA | NA |
| GT Advanced Technologies Inc | NASDAQ | GTAT | 19.55 | 2,666.5 | Downgrade to hold from buy | Jonathan E Dorsheimer | Canaccord Genuity Corp | 20.00 | 2.3% |
| Tidewater Inc | NYSE | TDW | 54.48 | 2,708.7 | Downgrade to neutral from buy | Terje Mauer | RS Platou Markets | 55.00 | 1.0% |
EVA Dimensions upgraded the following three stocks last Friday. However, the rating firm did not assign any price target to these stocks.
- ConnectOne Bancorp Inc (NASDAQ: CNOB), a bank holding company for ConnectOne Bank – a community-based, full service commercial bank, was upgraded to hold from sell.
- Clearfield Inc (NASDAQ: CLFD), engaged in manufacturing, marketing and selling fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site, was upgraded to hold from under-weight.
- Knightsbridge Tankers Ltd (NASDAQ: VLCCF), an international shipping company specializing in the transportation of dry bulk cargoes, was upgraded to hold from under-weight.
Canaccord Genuity Corp downgraded GT Advanced Technologies Inc (NASDAQ: GTAT), a diversified technology company with crystal growth equipment and solutions for the global solar, light emitting diode (LED) and electronics industries, to hold from buy with a price target of $20.00, indicating an upside of 2.3% from current levels.
Tidewater Inc (NYSE: TDW), a provider of offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels, was downgraded at RS Platou Markets to neutral from buy with a 12-month price target of $55.00, indicating an upside of $55.00, indicating an upside of 1% from current levels.
