CANADA RESEARCH SUMMARY: Oct 28 1752 GMT

Tue Oct 28, 2008 1:52pm EDT
 
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 Le Chateau             Versant Partners  Cuts price target to
C$15.50 from
 (CTUa.TO)                                C$20.25; rating
strong buy
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 ------------ Major Drilling Group   Jennings Capital  Starts
with buy rating; price
 (MDI.TO)                                 target of C$25
 ---------------------------------------------------------------
 ------------ National Bank of       Dundee            Cuts to
neutral from buy; price
 Canada (NA.TO) [nBNG381855]              target to C$49 from
C$58
 ---------------------------------------------------------------
 ------------ Onex Corp (OCX.TO)     BMO               Cuts
target price to C$25 from
                                       C$32; rating
outperform
 ---------------------------------------------------------------
 ------------ Paladin Energy         Raymond James     Cuts
price target to C$2.90 from
 (PDN.TO)                                 C$4.40; rating
outperform
 ---------------------------------------------------------------
 ------------ Paramount Resources    Scotia Capital    Raises
to sector perform from
 (POU.TO)                                 sector underperform
 ---------------------------------------------------------------
 ------------ Pembina Pipeline       Scotia Capital    Cuts to
sector underperform from
 Income Fund (PIF_u.TO)                   sector perform
 ---------------------------------------------------------------
 ------------ Platinum Group         Raymond James     Cuts
price target to C$2 from C$4;
 (PTM.TO)                                 rating outperform
 ---------------------------------------------------------------
 ------------ Research in Motion     Genuity           Cuts
price target to $100 from
 (RIMM.O)                                 $140; rating buy
 ---------------------------------------------------------------
 ------------ Ritchie Bros.          Blackmont         Cuts
price target to $26 from
 (RBA.N) (RBA.TO)                         $31.50; rating buy
 ---------------------------------------------------------------
 ------------ Royal Bank of Canada   Dundee            Cuts to
sell from buy; price target
 (RY.TO) [nBNG381855]                     to C$43 from C$54
                     Merrill Lynch     Cuts price target to
C$50 from C$53
 ---------------------------------------------------------------
 ------------ Shoppers Drug Mart     UBS               Cuts
price target to C$59 from C$63;  (SC.TO)
       rating buy
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 ------------ SNC-Lavalin (SNC.TO)   Dundee            Cuts
price target to C$31.00 from
                                       C$35.70; rating buy
 ---------------------------------------------------------------
 ------------ Southern Pacific       CanAccord Adams   Raises
to buy from hold
 Resource (STP.V)
 ---------------------------------------------------------------
 ------------ Stantec Inc (STN.TO)   CanAccord Adams   Cuts
price target to C$35 from
                                       C$39; rating buy
 ---------------------------------------------------------------
 ------------ Stornoway (SWY.TO)     Raymond James     Cuts
price target to C$0.40 from
   C$0.70; keeps outperform rating
 ---------------------------------------------------------------
 ------------ Strathmore Minerals    Raymond James     Raises
to outperform from
 (STM.V)                                  market perform
 ---------------------------------------------------------------
 ------------ Thompson Creek Metals  Desjardins        Cuts
price target to C$16.20 from  (TCM.TO)
    C$18; keeps top pick rating
 ---------------------------------------------------------------
 ------------ Toromont Industries    RBC               Raises
price target to C$29 from
 (TIH.TO)                                 C$28; rating
outperform
                     Blackmont         Cuts price target to
C$28 from C$30;
                                       rating buy
 ---------------------------------------------------------------
 ------------ Toronto Dominion Bank  Dundee            Cuts to
neutral from buy; price
 (TD.TO) [nBNG381855]                     target to C$59 from
C$71
 ---------------------------------------------------------------
 ------------ Twin Butte Energy Ltd  Scotia Capital    Raises
to sector perform from
 (TBE.TO)                                 sector underperform
 ---------------------------------------------------------------
 ------------ Victoria Gold (VIT.V)  Raymond James     Cuts
price target to C$0.80 from
                                       C$1.50; keeps strong
buy rating
 ---------------------------------------------------------------
 ------------ WestJet Airlines       Versant Partners  Cuts to
hold from buy; price target
 (WJA.TO)                                 to C$11.50 from
C$14.50
 ---------------------------------------------------------------
 ------------ Zincore Metals         Raymond James     Raises
to outperform from market
 (ZNC.TO)                                 perform; cuts price
target to
                                       C$0.10 from C$0.30
 ---------------------------------------------------------------
 ------------ ((Compiled by Tenzin Pema; Bangalore Equities
Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780)) 

 

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