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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.

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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.

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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.

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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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