Canada Research Roundup:
posted on
Nov 12, 2013 01:56PM
We may not make much money, but we sure have a lot of fun!
Nov 12 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including IGM Financial and Ensign Energy Services, on Tuesday. HIGHLIGHTS * IGM Financial : TD Securities ups to buy from hold; target to C$60 from C$51 * CCL Industries : BMO raises target to C$90 from C$80; rating outperform * Ensign Energy Services Inc : RBC cuts target to C$19 from C$20; sector perform * Paladin Labs Inc : BMO raises target to C$113.72 from C$105; market perform Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. See bottom of the table for sector changes. * Aastra Technologies : Salman Partners ups target to C$31.96 from C$21.15; hold * Altus Group : Canaccord Genuity raises target to C$16 from C$15; buy * Atacama Pacific Gold : Stonecap cuts target to C$4 from C$4.50; rating outperform * Atrium : National Bank Financial ups target to C$21 from C$19; outperform * Bankers Petroleum : RBC raises target to C$5 from C$4.50; rating outperform * Bird Construction Inc : Canaccord Genuity cuts target to C$13 from C$13.50; buy * Canexus : TD Securities cuts to hold from buy; cuts target to C$7 from C$9.50 * CCL Industries : BMO raises target to C$90 from C$80; rating outperform * Copper Mountain Mining : Paradigm Capital cuts target to C$5 from C$5.75; buy * Copper Mountain Mining : Haywood cuts target price by C$0.35 to C$2; buy * Copper Mountain Mining : PI Financial cuts target to C$2 from C$2.30; buy * Ensign Energy Services Inc : RBC cuts target to C$19 from C$20; sector perform * Ensign Energy Services Inc : Barclays ups target to C$21 from C$20; equal weight * Fiera Capital : Canaccord Genuity ups target to C$15.75 from C$15.25; buy * GuestLogix : NBF ups target to C$2.25 from C$1.75; rating outperform * Healthlease Properties : NBF resumes coverage with outperform; target of C$12 * HudBay Minerals Inc : Paradigm Capital cuts target to C$10.50 from C$11; buy * IGM Financial : TD Securities ups to buy from hold * IGM Financial : TD Securities ups target to C$60 from C$51 * LGX Oil + Gas Inc : NBF cuts target to C$0.65 from C$1; sector perform * Lucara Diamond Corp : Paradigm Capital ups target to C$2.30 from C$1.50; buy * Lucara Diamond : BMO raises target to C$1.60 from C$1.25; outperform * North American Energy : BMO raises target to C$7.50 from C$7; outperform * Osisko Mining Corp : CIBC raises target to C$7 from C$6; sector outperformer * Paladin Labs Inc : BMO raises target to C$113.72 from C$105; market perform * Parallel Energy : TD Securities cuts to hold from buy * Parallel Energy : TD Securities cuts target to C$4.25 from C$4.75 * Redknee Solutions : Paradigm Capital ups target to C$7.50 from C$5.50; buy * Sears Canada : Desjardins raises target price to C$15 from C$14.50; hold * TSO3 Inc : Canaccord Genuity cuts target to C$1.75 from C$2; speculative buy (Compiled By Sampad Patnaik in Bangalore)