Following is a summary of research actions on Canadian
companies reported by Reuters on Friday. Stock entries are in
alphabetical order.
See bottom of table for Sector/Index target changes.
---------------------------------------------------------------
------------ STOCK RESEARCH BY ACTION
Arc Energy Trust UBS Raises to buy from
neutral
(AET_u.TO)
---------------------------------------------------------------
------------ BCE Inc Genuity Raises
to buy from hold
(BCE.TO)
---------------------------------------------------------------
------------ Coastal Contacts Octagon Raises
to buy from hold
(COA.TO)
---------------------------------------------------------------
------------ Ember Resources BMO Cuts
price target to C$4.25 from
(EBR.TO) C$5.63; rating
outperform
---------------------------------------------------------------
------------ Empire Co Ltd BMO Cuts to
underperform from market
(EMPa.TO) [ID:nWNA3716] perform; price target
to C$42
from C$43
---------------------------------------------------------------
------------ Eveready Income Fund Paradigm Cuts
price target to C$4 from C$4.50;
EIS_u.TO [ID:nWNA3722] rating hold
---------------------------------------------------------------
------------ Falcon Oil and Gas BMO Starts
with outperform rating; price
(FO.V) target of C$1.35
---------------------------------------------------------------
------------ Harry Winston UBS Cuts
price target to C$33.50 from
Diamond (HW.TO) C$37; keeps buy
rating
---------------------------------------------------------------
------------ Lululemon Athletica BMO Raises
to outperform from
(LLL.TO) (LULU.O) market perform
Goldman Sachs Cuts price target to
$21 from $27;
rating neutral
---------------------------------------------------------------
------------ Manulife Financial BMO Raises
price target to C$43 from C$41;
(MFC.TO) [ID:nWNA3717] rating outperform
---------------------------------------------------------------
------------ Maple Leaf Foods Scotia Capital Cuts to
sector underperform from
(MFI.TO) [ID:nWNAS0939] sector perform
---------------------------------------------------------------
------------ Niko Resources Genuity Raises
to buy from hold; keeps price
(NKO.TO) target of C$130
---------------------------------------------------------------
------------ North West Company RBC Cuts
price target to C$19 from C$21;
Fund (NWF_u.TO) rating sector
perform
---------------------------------------------------------------
------------ ProEx Energy Scotia Capital Cuts
price target to C$23 from C$26;
PXE.TO keeps sector perform
rating
---------------------------------------------------------------
------------ Questerre Energy Dundee Starts
with buy rating; price target
(QEC.TO) of C$8.25
---------------------------------------------------------------
------------ Transcontinental RBC Cuts
price target to C$18 from C$20;
(TCLa.TO) Rating sector perform
BMO Cuts price target to
C$18 from C$20;
[ID:nWNA3719] rating market perform
Credit Suisse Cuts price target to
C$18 from C$22;
[ID:nWNAS0961] rating neutral
---------------------------------------------------------------
------------ Viterra Scotia Capital Raises
to sector perform from
(VT.TO) [ID:nWNAS0939] sector underperform
---------------------------------------------------------------
------------ Xceed Mortgage BMO Raises
to market perform from
(XMC.TO) [ID:nWNA3715] underperform; price
target to
C$1.75 from C$1.25
---------------------------------------------------------------
------------ 20-20 Technologies Blackmont Cuts
price target to C$4.50 from C$6;
(TWT.TO) keeps hold rating
---------------------------------------------------------------
------------ SECTOR/INDEX TARGET CHANGES:
S&P/TSX Composite BMO Cuts year-end target
to 15,000;
Index .GSPTSE Cuts 2008 operating
earnings forecast
[ID:nBNG355693] by $45 to $890; cuts
2009 operating
earnings forecast by
$55 to $945, as
part of Canadian
portfolio strategy
---------------------------------------------------------------
------------ ((Compiled by Neha Singh; Bangalore Equities
Newsdesk +91 80 4135 5800; within U.S. +1 646 223 8780))
