CANADA RESEARCH SUMMARY: Oct 22 1531 GMT
Following is a summary of research actions on Canadian companies reported by Reuters on Wednesday. Stock entries are in alphabetical order. For a summary of research on S&P 500 companies, double click on [RCH/US] For a summary of research on non-S&P 500 companies, double click on [RCH/US2] --------------------------------------------------------------- ------------ STOCK RESEARCH BY ACTION Action Energy Dundee Cuts price target to C$0.90 from AEC.V C$1.35; rating buy ---------------------------------------------------------------- ----------- Alter NRG NRG.V Raymond James Cuts price target to C$3.25 from C$6;
rating outperform
---------------------------------------------------------------
------------ Atlantic Power RBC Cuts to
sector perform from (ATP_u.TO)
outperform; price target to
C$8.50 from C$9.25 --------------------------------------------------------------- ------------ Baytex Energy Trust Dundee Cuts price target to C$26 from (BTE_u.TO) C$32; rating buy --------------------------------------------------------------- ------------ Bell Aliant Regional National Bank Cuts price target to C$31 from C$34; Communications (BA_u.TO)
rating outperform --------------------------------------------------------------- ------------ Berens Energy Ltd Dundee Cuts price target to C$0.90 from (BEN.TO) C$1.15; rating buy --------------------------------------------------------------- ------------ Breaker Energy Ltd Dundee Cuts price target to C$11 from (WAV.TO) C$14; rating buy ---------------------------------------------------------------- ----------- Canadian National Stifel Raises price target to $62 from $61; Railway (CNI.N) rating buy
Dahlman Rose Cuts price target by $4 to $64;
rating buy
Credit Suisse Raises price target
to $48 from $46
---------------------------------------------------------------
------------ Canfor Corp (CFP.TO) Raymond James Cuts
price target to C$8.00 from
C$9.00 --------------------------------------------------------------- ------------ Canfor Pulp Income Raymond James Cuts price target to c$8.25 from Fund (CFX_u.TO) C$12.50 --------------------------------------------------------------- ------------ Celestica Inc RBC Cuts price target to $5 from $9; (CLS.N) rating sector perform --------------------------------------------------------------- ------------ Cogeco Cable (CCA.TO) National Bank Cuts price target to C$55 from C$60;
rating outperform --------------------------------------------------------------- ------------ Crescent Point Energy Dundee Cuts price target to C$35 from C$42; Trust CPG_u.TO rating buy ---------------------------------------------------------------- ----------- Danier Leather BMO Cuts price target to C$4 from C$6; (DL.TO) rating market perform --------------------------------------------------------------- ------------ Daylight Resources Dundee Cuts price target to C$12 from Trust (DAY_u.TO) C$16; rating buy ---------------------------------------------------------------- ----------- Delphi Energy Corp Dundee Cuts price target to C$2.75 from (DEE.TO) C$3.50; rating buy --------------------------------------------------------------- ------------ Fairborne Energy Dundee Cuts price target to C$12.50 from Trust (FEL.TO) C$15; rating buy ---------------------------------------------------------------- ----------- First Capital Realty Scotia Capital Starts with sector outperform; (FCR.TO) price target of C$22.50 --------------------------------------------------------------- ------------ FNX Mining UBS Cuts price target to C$12.00 from (FNX.TO) C$15.00; rating buy --------------------------------------------------------------- ------------ Fortress Paper Ltd Raymond James Cuts price target to c$12.25 from (FTP.TO) C$16.50 --------------------------------------------------------------- ------------ Galleon Energy Dundee Cuts price target to C$14.25 from GOa.TO C$17.50; rating buy --------------------------------------------------------------- ------------ Harvest Energy Trust Dundee Cuts price target to C$14 from (HTE_u.TO) C$21; rating buy ---------------------------------------------------------------- ----------- International Forest Raymond James Cuts price target to C$5.50 from Products (IFPa.TO) C$8.00 --------------------------------------------------------------- ------------ Inmet Mining Corp Raymond James Cuts price target to C$50.00 from (IMN.TO) C$87.00; Rating outperform --------------------------------------------------------------- ------------ Iteration Energy Dundee Cuts price target to C$5.75 from (ITX.TO) C$7.25; rating buy ---------------------------------------------------------------- ----------- Norbord (NBD.TO) Raymond James Cuts price target to C$5.50 from
C$7.50 --------------------------------------------------------------- ------------ Open Text Versant Partners Cuts to hold from buy (OTC.TO) (OTEX.O) --------------------------------------------------------------- ------------ Open Range Energy Dundee Cuts price target to C$3.25 from (ONR.TO) C$4.50; rating buy --------------------------------------------------------------- ------------ Orleans Energy Ltd Dundee Cuts price target to C$4 from C$5; (OEX.TO) rating buy ---------------------------------------------------------------- ----------- Paramount Energy Trust Dundee Cuts price target to C$6 from C$8; (PMT_u.TO) rating neutral ---------------------------------------------------------------- ----------- Pengrowth Energy Trust Dundee Cuts price target to C$13 from (PGF_u.TO) C$17.50; rating neutral ---------------------------------------------------------------- ----------- Precision Drilling Canaccord Adams Starts with buy rating; Price target Trust (PD_u.TO) of C$18 --------------------------------------------------------------- ------------ Primaris Retail Real Scotia Capital Starts with sector perform rating; Estate Investment Trust (PMZ_u.TO) price target of C$13 --------------------------------------------------------------- ------------ ProEx Energy Ltd Dundee Cuts price target to C$13.75 from PXE.TO C$17.50; rating neutral --------------------------------------------------------------- ------------ Questerre Energy Dundee Cuts price target to C$5.75 from (QEC.TO) C$8.25; rating buy ---------------------------------------------------------------- ----------- Riocan Real Estate Scotia Capital Starts with sector outperform rating; Investment Trust (REI_u.TO) price target of C$20 --------------------------------------------------------------- ------------ Rock Energy (RE.TO) Dundee Cuts price target to C$4 from
C$5; rating buy ---------------------------------------------------------------- ----------- Rogers Communications National Bank Cuts price target to C$50 from C$56; (RCIb.TO) rating outperform --------------------------------------------------------------- ------------ Sabretooth Energy Dundee Cuts price target to C$1 from SAB.TO C$1.75; rating buy ---------------------------------------------------------------- ----------- Savanna Energy Canaccord Adams Starts with buy rating; price target Services (SVY.TO) of C$17 --------------------------------------------------------------- ------------ SFK Pulp Fund Raymond James Cuts price target to c$1.25 from (SFK_u.TO) C$1.90 --------------------------------------------------------------- ------------ Stoneham Drilling Canaccord Adams Starts with buy rating; Price target Trust (SDG_u.TO) of C$13 --------------------------------------------------------------- ------------ Storm Exploration Dundee Cuts price target to C$11.50 from (SEO.TO) C$16.50; rating neutral --------------------------------------------------------------- ------------ Sun Life Financial BMO Cuts price target to C$34 from C$43; (SLF.TO) rating market perform
Credit Suisse Cuts price target to
C$36 from C$40
---------------------------------------------------------------
------------ Timberwest Forest Corp Raymond James Cuts
price target to C$10.50 from
(TWF_u.TO) C$11.50
Credit Suisse Cuts price target to C$9 from C$11.50 --------------------------------------------------------------- ------------ Trinidad Drilling Canaccord Adams Starts with buy rating; price target (TDG.TO) of C$12 --------------------------------------------------------------- ------------ Trilogy Energy Trust Dundee Cuts price target to C$9.50 from (TET_u.TO) C$12; rating buy ---------------------------------------------------------------- ----------- TriStar Oil & Gas Dundee Cuts price target to C$16.25 from (TOG.TO) C$21.50; rating buy --------------------------------------------------------------- ------------ Vero Energy Dundee Cuts price target to C$9.25 from (VRO.TO) C$11; rating buy ---------------------------------------------------------------- ----------- Western Forest Raymond James Cuts price target to C$0.60 from Products (WEF.TO)C$1.25 --------------------------------------------------------------- ------------ Xtreme Coil Drilling Canaccord Adams Starts with speculative buy rating; (XDC.TO) Price target of c$8.50 --------------------------------------------------------------- ------------ ((Compiled by Aftab Ahmed; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780))
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