| Company Name | Exchange | Ticker | Last Price | Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| Partners Real Estate Investment Trust | TSX | PAR-U | 5.47 | 5 | Upgrade to buy from hold | Brendon Abrams | M Partners Inc | 6.00 | 9.7% |
| True Gold Mining Inc | TSXV | TGM | 0.40 | 7 | Initiate with buy | Nana Sangmuah | Clarus Securities | 0.75 | 89.9% |
| Spectral Diagnostics Inc | TSX | SDI | 0.58 | 1 | Initiate with speculative buy | David Dean | Cormark Securities Inc. | 1.40 | 141.4% |
| Input Capital Corp | TSXV | INP | 1.92 | 6 | Initiate with buy | Tom O Varesh | M Partners Inc | 3.10 | 61.5% |
| Pacific Rubiales Energy Corp | TSX | PRE | 18.31 | 34 | Downgrade to neutral from outperform | David Popowich | Macquarie | 20.50 | 12.0% |
M Partners Inc upgraded Partners Real Estate Investment Trust (TSX: PAR-U), an open-end real estate investment trust, to buy from hold with a price target of C$6.00, indicating an upside of 9.7% from current levels. Meanwhile, the rating firm initiated coverage on Input Capital Corp (TSXV: INP), an agricultural commodity streaming company, with a buy rating assigning a 12-month price target of C$3.10, indicating an upside of 61.5% from current levels.
Clarus Securities initiated coverage on True Gold Mining Inc (TSXV: TGM), a mineral exploration company focused on exploring and developing gold projects, with a buy rating assigning a 12-month price target of C$0.75, indicating an upside potential of 89.9% from current levels. Recently, TGM reported that the Burkina Faso Ministry of Environment and Sustainable Development have approved Environmental Permit for the development of its Kao deposit at the Karma Gold Project. Further, TGM will begin its Phase 2 construction of the fresh water reservoir at the Karma gold project in Burkina Faso, West Africa in February 2014.
Coverage on Spectral Diagnostics Inc (TSX: SDI), engaged in the development and commercialization of treatment for severe sepsis and septic shock, was initiated with a speculative buy at Cormark Securities Inc., assigning a 12-month price target of C$1.40, indicating an upside of 141.4% from current levels.
Macquarie downgraded Pacific Rubiales Energy Corp (TSX: PRE), a producer and seller of natural gas and heavy crude oil, to neutral from outperform lowering its price target to C$20.50 from C$26.00, indicating an upside potential of 12% from current levels.
| Company Name | Exchange | Ticker | Last Price |
Total Analyst Coverage |
Upgrade/ Downgrade |
Analyst Name | Rating Company | Target Price |
Upside/ Downside (%) |
|---|---|---|---|---|---|---|---|---|---|
| MV Oil Trust | NYSE | MVO | 25.27 | 1 | Upgrade to market perform from underperform | Kevin Smith | Raymond James | NA | NA |
| Riverbed Technology Inc | NASDAQ | RVBD | 19.53 | 33 | Upgrade to hold from underperform | George C Notter | Jefferies | 19.00 | -2.7% |
| Athlon Energy Inc | NYSE | ATHL | 28.50 | 15 | Upgrade to sector outperform from sector perform | Joseph Bachmann | Howard Weil Inc | 38.00 | 33.3% |
| Sanchez Energy Corp | NYSE | SN | 23.95 | 20 | Initiate with outperform | Dan Mcspirit | BMO Capital Markets | 30.00 | 25.3% |
| Federal-Mogul Corp | NASDAQ | FDML | 22.97 | 4 | Downgrade to sell/neutral from neutral/neutral | Patrick Archambault | Goldman Sachs | 17.00 | -26.0% |
Raymond James upgraded MV Oil Trust (NYSE: MVO), a statutory trust formed to acquire and hold a term net profits interest of MV Partners, LLC, for the benefit of the trust unit holders, to market perform from underperform. The rating firm did not assign any price target to the stock. Recently, MVO declared a cash dividend of 83 cents per share payable on January 24, 2014 to shareholders as of record on January 15, 2014.
Jefferies upgraded Riverbed Technology Inc (NASDAQ: RVBD), a manufacturer and marketer of appliances used to connect computers, to hold from underperform increasing its price target to $19.00 from $14.00, indicating a downside of 2.7% from current levels. Recently, RVBD received a buyout offer from activist fund manager Elliott Associates LP, valuing the company at more than $3 billion.
Athlon Energy Inc (NYSE: ATHL), an independent exploration and production company, was upgraded to sector outperform from sector perform at Howard Weil Inc with a price target of $38.00, indicating an upside of 33.3% from current levels.
BMO Capital Markets initiated coverage on Sanchez Energy Corp (NYSE: SN), an independent exploration and production company, with an outperform rating assigning a 12-month price target of $30.00, indicating an upside of 25.3% from current levels.
Goldman Sachs downgraded Federal-Mogul Corp (NASDAQ: FDML), a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems, to sell/neutral from neutral/neutral with a price target of $17.00, indicating a downside of 26% from current levels.
