Ear on the Street
Agnico-Eagle Mines (AEM : TSX : $49.99 | NYSE : US$43.83)
Downgrade due to rapid stock price rise
Canaccord Adams downgrades to "hold", 12-month target price is US$44.00
AEterna Zentaris (AEZ : TSX : $6.02 | AEZS : NASDAQ : US$5.28)
Management updates and reviews cetrorelix clinical program
Canaccord Adams maintains "buy", 12-month target price is raised to US$8.00
RBC Capital Markets maintains "outperform", 12-month target price is US$7.00
Bombardier Inc. (BBD.B : TSX : $3.90)
Q3 close to expectation
BMO Capital Markets maintains "underperform", 12-month target price is raised to $3.20
Canaccord Adams maintains "sell", 12-month target price is "under review"
RBC Capital Markets maintains "underperform", 12-month target price is raised to $3.50
Bear Ridge Resources (BER : TSX : $3.60)
Balance sheet is strengthened by asset disposition
BMO Capital Markets maintains "outperform", 12-month target price is cut to $5.00
Bank of Montreal (BMO : TSX : $68.66)
Q4 result is of low quality
CIBC World Markets maintains "sector perform", 12-month target price is $73.00
Committee Bay Resources (CBR : TSX-V : $0.64)
Australia joint venture reports drilling results
Canaccord Adams maintains "buy", 12-month target price is $1.20
Chemtrade Logistics Inc Fd (CHE.UN : TSX : $7.98)
The impact of trust tax changes
BMO Capital Markets maintains "market perform", 12-month target price is cut to $8.25
Canadian Oil Sands Trust (COS.UN : TSX : $29.88)
Purchased 1.25% interest in Syncrude
BMO Capital Markets maintains "outperform", 12-month target price is $35.00
Canaccord Adams maintains "buy", 12-month target price is $33.00
RBC Capital Markets maintains "underperform", 12-month target price is $27.00
Creststreet Power & Income (CRS.UN : TSX : $4.41)
Invests additional $1 million in Kettles Hill
BMO Capital Markets maintains "underperform", 12-month target price is $4.25
Cognos Inc. (CSN : TSX : $45.64 | COGN : NASDAQ : US$40.00)
To report Q3 on December 20
Canaccord Adams maintains "buy", 12-month target price is raised to US$48.00
Canexus Income Fund (CUS.UN : TSX : $6.59)
Q3 in line
BMO Capital Markets maintains "market perform", 12-month target price is cut to $7.00
Far West Mining (FWM : TSX : $3.90)
Released third round of drill hole results in the Estrellita
Blackmont Capital maintains "hold", 12-month target price is $4.75
Groupe Laperriere & Verreault (GLV.A : TSX : $30.10)
Announced largest acquisition yet
Blackmont Capital maintains "buy", 12-month target price is increased to $35.00
BMO Nesbitt Burns maintains "outperform", 12-month target price is increased to $35.00
Desjardins Securities maintains "buy", 12-month target price is increased to $33.00
Gennum Corp. (GND : TSX : $14.27)
Cost cutting is done
CIBC World Markets maintains "sector perform", 12-month target price is raised to $15.00
Husky Injection Molding Sys. (HKY : TSX : $4.75)
Foreign exchange will negatively impact Q1/07
BMO Nesbitt Burns maintains "market perform", 12-month target price is $5.20
Cossette Communication Group (KOS : TSX : $7.50)
To report Q4 on December 6
TD Newcrest maintains "buy", 12-month target price is cut to $10.50
Magna International (MG.A : TSX : $86.80 | MGA : NYSE : US$75.87)
Substantial revenue decline
BMO Nesbitt Burns maintains "market perform", 12-month target price is US$80.00
MKS Inc. (MKX : TSX : $1.97)
Upgrades on price decline
TD Newcrest upgrades to "buy", 12-month target price is cut to $2.25
March Networks (MN : TSX : $22.30)
Q2 in line with estimates with strong guidance
BMO Nesbitt Burns maintains "outperform", 12-month target price is $30.00
RBC Capital Markets maintains "outperform", 12-month target price is $33.00
NAL Oil & Gas Trust (NAE.UN : TSX : $13.84)
Recent market price weakness
BMO Nesbitt Burns upgrades to "outperform", 12-month target price is $15.25
Newport Partners Income Fund (NPF.UN : TSX : $5.53)
New Street coverage
TD Newcrest initiates coverage with a "hold", 12-month target price is $5.00
Nortel Networks Corp. (NT : TSX : $2.44 | NYSE : US$2.14)
Reverse stock-spilt takes place today
RBC Capital Markets maintains "sector perform", 12-month target price is US$2.50
Phoenix Oilfield Hauling (PHN : TSX-V : $0.80)
Q3/In line with expectations
Blackmont Capital maintains "hold", 12-month target price is decreased to $1.10
Peer 1 Network Enterprises (PIX : TSX-V : $0.69)
Solid results ahead of forecast
Haywood Security maintains "sector outperform", 12-month target price is $0.95
Parkland Income Fund (PKI.UN : TSX : $34.36)
Downgrade on price appreciation
CIBC World Markets downgrades to "sector perform", 12-month target price is $31.00
Paramount Resources (POU : TSX : $26.70)
Resuming coverage
TD Newcrest maintains "buy", 12-month target price is increased to $37.00
Strongco Income Fund (SQP.UN : TSX : $12.30)
Proposed tax for income trust effect
BMO Nesbitt Burns maintains "market perform", 12-month target price is decreased to $13.00
Sierra Wireless (SW : TSX : $13.86 | SWIR : NASDAQ : US$12.13)
Major wins are being unnoticed by investors
Haywood Security maintains "sector outperform", 12-month target price is US$20.00
TransAlta Corp. (TA : TSX : $25.37 | TAC : NYSE : US$22.21)
Centralia coal plant to average 1000MW of output in 2007
BMO Nesbitt Burns maintains "underperform", target price lowered to $22.00
Canaccord Adams maintains "buy", target price is $32.00
CIBC World Markets maintains "sector outperform", 12-month target price is $28.00
RBC Capital Markets maintains "underperform", 12-month target price is $24.00
TD Newcrest maintains "reduce", target price is $22.00
Talisman Energy (TLM : TSX : $19.18 | NYSE : US$16.80)
Announces sale of 1.25% stake in Syncrude to COS for about $481 million
Canaccord Adams maintains "buy", target price is $24.00
Desjardins Securities reiterates "top pick", target price is $25.00
TriStar Oil & Gas (TOG : TSX : $6.10)
Capital budget for 2007 is $65 million
BMO Nesbitt Burns maintains "outperform", target price lowered to $7.75
Haywood Securities maintains "sector outperform", target price is $9.00
West Fraser Timber Co. (WFT : TSX : $42.95)
West Fraser acquires 13 sawmills from International Paper, becoming second largest lumber producer in N. America
CIBC World Markets maintains "sector perform", target price lowered to $40.00
Desjardins Securities maintains "buy", target price is $42.00
RBC Capital Markets maintains "outperform", 12-month target price is raised to $47.00
TD Newcrest upgrades to "action list buy" 12-month target price raised to $48.00
