| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Ensign Energy Services Inc | TSX | ESI | 17.27 | 2,648.3 | Upgrade to sector outperform from sector perform | Vladislav C Vlad | Scotia Capital | 22.00 | 27.4% |
| WestJet Airlines Ltd | TSX | WJA | 27.15 | 3,370.6 | Upgrade to outperform from market perform | Fadi Chamoun | BMO Capital Markets | 31.00 | 14.2% |
| TIO Networks Corp | TSXV | TNC | 0.80 | 45.7 | Initiate with outperform | Kris Thompson | National Bank Financial | 2.00 | 150.0% |
| Cineplex Inc | TSX | CGX | 41.38 | 2,605.5 | Initiate with buy | Jeffrey B Logsdon | Hudson Square Research | 47.00 | 13.6% |
| MAG Silver Corp | TSX | MAG | 10.08 | 608.5 | Downgrade to neutral from buy | Philip Ker | PI Financial Corp. | 10.00 | -0.8% |
Scotia Capital upgraded Ensign Energy Services Inc (TSX: ESI), a provider of oilfield services to the crude oil and natural gas industry, to sector outperform from sector perform increasing its price target to C$22.00 from C$19.00, indicating an upside of 27.4% from current levels.
WestJet Airlines Ltd (TSX: WJA), a provider of airline service and travel packages, was upgraded to outperform from market perform at BMO Capital Markets increasing its price target to C$31.00 from C$28.00, indicating an upside of 14.2% from current levels.
National Bank Financial initiated coverage on TIO Networks Corp (TSXV: TNC), an information technology company that specializes in processing bill payment transactions through a secure Internet enabled platform, with an outperform rating assigning a 12-month price target of C$2.00, indicating an upside of 150% from current levels.
Coverage on Cineplex Inc (TSX: CGZ), an entertainment company and operates fully digitized motion picture theatre circuits, was initiated with a buy rating at Hudson Square Research with a 12-month price target of C$47.00, indicating an upside of 13.6% from current levels.
PI Financial Corp. downgraded MAG Silver Corp (TSX: MAG), a silver producing company, to neutral from buy with a price target of C$10.00, indicating a downside of 0.8% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Celadon Group Inc | NYSE | CGI | 21.26 | 498.7 | Upgrade to buy from hold | John G Larkin | Stifel | 26.00 | 22.3% |
| Canadian Solar Inc | NASDAQ | CSIQ | 29.73 | 1,594.6 | Upgrade to outperform from market perform | Aditya Satghare | FBR Capital Markets | 40.00 | 34.5% |
| Alliance Holdings GP LP | NASDAQ | AHGP | 66.74 | 3,995.3 | Upgrade to strong buy from market perform | James M Rollyson | Raymond James | 77.00 | 15.4% |
| TherapeuticsMD Inc | NYSE | TXMD | 4.13 | 600.7 | Initiate with outperform | William Tanner | FBR Capital Markets | 34.00 | 723.2% |
| Coeur Mining Inc | NYSE | CDE | 8.79 | 910.0 | Downgrade to hold from buy | Jorge M Beristain | Deutsche Bank | 11.00 | 25.1% |
Stifel upgraded Celadon Group Inc (NYSE: CGI), engaged in the business of truckload carriers, to buy from hold with a price target of $26.00, indicating an upside of 22.3% from current levels. Recently, CGI declared a quarterly dividend of 2 cents per share payable on July 18th 2014 to the share holders recorded as of July 3rd 2014.
Canadian Solar Inc (NASDAQ: CSIQ), engaged in designing, developing, and manufacturing solar wafers, cells and solar module products that convert sunlight into electricity, was upgraded to outperform from market perform at FBR Capital Markets with a price target of $40.00, indicating an upside of 34.5% from current levels. The rating firm believes that the market is undervaluing the company’s diverse project pipeline.
Meanwhile, FBR initiated coverage on TherapeuticsMD Inc (NYSE: TXMD), a specialty pharmaceutical company focused on creating branded prescription, generic prescription and over-the-counter (non-prescription) products targeted for women, with an outperform rating assigning a 12-month price target of $34.00, indicating a significant upside of 723.2% from current levels.
Raymond James upgraded Alliance Holdings GP LP (NASDAQ: AHGP), an owner and controller of Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L.P. (ARLP) – a coal producer, to strong buy from market perform with a price target of $77.00, indicating an upside of 15.4% from current levels.
Deutsche Bank downgraded Coeur Mining Inc (NYSE: CDE), a precious metals producer, to hold from buy lowering its price target to $11.00 from the earlier target of $13.00, indicating an upside of 25.1% from current levels.
