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One of the buildings which house workers at the Millennium Base Camp at Suncor north of Fort McMurray, Alberta.

Fred Lum/The Globe and Mail

Oilfield services company Black Diamond Group Ltd., which rents and sells buildings used by resource companies in remote places, has "multi-years of growth potential," said Raymond James analyst Andrew Bradford. The firm just hiked its capital spending budget because of potential accommodation contracts this year.

Upside: The analyst, who maintains a "strong buy" rating, raised his one-year target to $28.50 a share from $27.50.


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The acquisition of Integrated Export Systems Ltd. along with last week's purchase of Dutch-based Infodis B.V. gives Descartes Systems Group Inc. a significantly larger market presence in the Asia Pacific region, said M Partners analyst Ron Shuttleworth. The area represented 6 per cent of first-quarter revenue.

Upside: He raised his one-year target on the logistics software company to $12.25 a share from $12, and maintained his "buy" rating.


Quebec-based steel fabricator ADF Group Inc., which reported weaker first-quarter profit, has "limited earnings visibility," and potentially steeper losses heading into fiscal 2014 if industry conditions don't improve, said Stonecap Securities analyst Chris Blake.

Downside: He cut his one-year target to $1.50 a share from $1.75, and maintained his "sector perform" rating.


BMO Nesbitt Burns analyst Jim Byrne upgraded his rating on oil and gas producer Celtic Exploration Ltd. because of recent price weakness, but "remains cautious on gas-weighted producers over the next several months given the natural-gas storage overhang, particularly in Canada."

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Upside: He raised his rating on the stock to "market perform" from "underperform, but cut his one-year target to $14 a share from $14.50.


The Nevada-based gold producer Allied Nevada Gold Corp., which recently raised $389-million (U.S.) from a high-yield debt offering, has "one of the largest net debt positions relative to its production profile" compared with many peers, said Desjardins Securities analyst Brian Christie.

Downside: The analyst cut his one-year target to $50 U.S. a share from $52, but maintains a "buy" rating.

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