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))
