Ear on the Street
ARC Energy Trust (AET.UN : TSX : $22.94)
Downgrade based on price appreciation
CIBC World Markets downgrades to "sector perform", 12-month target price is $25.25
Angiotech Pharmaceuticals (ANP : TSX : $9.98 | ANPI : NASDAQ : US$8.69)
FDA panel says DES benefits outweight risks
Blackmont Capital maintains "buy", 12-month target price is US$14.00
Avenir Diversified Income Tr. (AVF.UN : TSX : $6.60)
Stock retreated to pre-announcement levels
Blackmont Capital maintains "buy", 12-month target price is $9.00
Aurora Energy Resources (AXU : TSX : $13.50)
Additional drill results expands high-grade zone in Michelin
Canaccord Adams maintains "hold", 12-month target price is $15.00
National Bank Financial maintains "outperform", 12-month target price is $16.50
Bear Ridge Resources (BER : TSX : $3.95)
$24 million flow-through financing enhances balance sheet
BMO Capital Markets maintains "outperform", 12-month target price is $5.00
Bonterra Energy Income Trust (BNE.UN : TSX : $27.00)
Upgrade based on valuation
CIBC World Markets upgrades to "sector perform", 12-month target price is $30.00
Calfrac Well Services (CFW : TSX : $22.01)
Board approves $76 million 2007 capital plan
RBC Capital Markets maintains "sector perform", 12-month target price is $24.00
CanWest Global Communications (CGS : TSX : $10.92)
New Zealand results in line
Desjardins Securities maintains "hold", 12-month target price is $11.00
National Bank Financial maintains "outperform", 12-month target price is raised to $13.50
Certicom Corp. (CIC : TSX : $5.33)
Q2 EPS meets expectations
CIBC World Markets maintains "sector perform", 12-month target price is $10.00
TD Newcrest maintains "buy", 12-month target price is $8.50
CIBC (CM : TSX : $96.99 | NYSE : US$84.35)
Great Q4 EPS
Blackmont Capital maintains "hold", 12-month target price is raised to $99.00
BMO Capital Markets maintains "outperform", 12-month target price is raised to $104.00
Credit Suisse upgrades to "outperform", 12-month target price is raised to $103.00
Desjardins Securities maintains "buy", 12-month target price is raised to $99.00
RBC Capital Markets upgrades to "outperform", 12-month target price is $105.00
TD Newcrest maintains "hold", 12-month target price is raised to $100.00
Compton Petroleum (CMT : TSX : $11.43)
Revises 2006 production outlook again
Canaccord Adams downgrades to "sell", 12-month target price is cut to $11.25
Canadian Oil Sands Trust (COS.UN : TSX : $30.78)
2007 guidance in line
CIBC World Markets maintains "sector perform", 12-month target price is $26.00
Countryside Power Income Fund (COU.UN : TSX : $6.20)
The banks are in control
RBC Capital Markets maintains "underperform", 12-month target price is $7.00
Crew Energy Inc (CR : TSX : $13.10)
2007 guidance
TD Newcrest maintains "buy", 12-month target price is raised to $15.00
Churchill Corporation (CUQ : TSX : $5.85)
CEO resigns
Blackmont Capital maintains "buy", 12-month target price is $7.00
Canadian Western Bank (CWB : TSX : $49.97)
Q4 in line
Blackmont Capital upgrades to "buy", 12-month target price is raised to $54.00
BMO Capital Markets maintains "outperform", 12-month target price is $53.00
Desjardins Securities maintains "buy", 12-month target price is raised to $55.00
TD Newcrest maintains "hold", 12-month target price is raised to $49.00
Dalsa Corp. (DSA : TSX : $12.30)
CEO set to resign, company is now in search of replacement
Blackmont Capital maintains "buy", 12-month target price is $20.70
Domtar Inc. (DTC : TSX : $8.59 | NYSE : US$7.48)
Initiating coverage
Credit Suisse initiates coverage with a "outperform", 12-month target price is US$10.00
Eldorado Gold (ELD : TSX : $6.57)
A step closer to resource conversion at Efemcurku
Raymond James maintains "market perform", 12-month target price is $6.75
Energy Metals (EMC : TSX : $9.16)
Moor lake delivers positive results
Raymond James maintains "outperform", 6-12 month target price is $11.00
Emergis (EME : TSX : $5.54)
Sings agreement to process Ontario drug benefit program
CIBC World Markets maintains "sector perform", 12-month target price is $6.00
Enerplus Resources Fund (ERF.UN : TSX : $52.97)
Trust no longer above average value
CIBC World Markets downgrades to "sector perform", 12-month target price is $57.00
Fording Canadian Coal Trust (FDG.UN : TSX : $27.51)
2007 coaking coal pricing brightens a bit.
TD Newcrest upgrades to "hold", 12-month target price is increased to $24.00
Gateway Casinos Income Fund (GCI.UN : TSX : $17.15)
Delta to manage the new Burnaby Casino opening Q2/2008
Blackmont Capital places both rating and target price "under review"
Gildan Activewear (GIL : TSX : $58.26 | NYSE : US$50.69)
Acceleration capacity for anticipated growth
BMO Nesbitt Burns maintains "outperform", 12-month target price is increased to $68.00
CIBC World Markets maintains "sector outperform", 12-month target price is US$59.00
Desjardins Securities downgrades to "buy", 12-month target price is increased to $70.00
National Bank Financial downgrades to "sector perform", 12-month target price is $62.00
Raymond James maintains "strong buy", 6-12 month target price is increased to US$51.25
Great Lakes Hydro Inc. Fd. (GLH.UN : TSX : $18.65)
Strong relative price performance
RBC Capital Markets downgrades to "sector perform", 12-month target price is $20.00
Goldcorp Inc. (G : TSX : $33.52 | GG : NYSE : US$29.29)
Ultimate 25% reserve addition
Canaccord Capital maintains "buy", 12-month target price is US$37.50
Desjardins Securities maintains "buy", 12-month target price is $40.25
Garda World Security Corp (GW : TSX : $20.67)
Garda acquires Kroll's international security group
Desjardins Securities maintains "buy", 12-month target price is $29.25
National Bank Financial maintains "outperform", 12-month target price is $25.50
Harris Steel Group (HSG : TSX : $43.00)
Preliminary discussion with third party for potential sale
Blackmont Capital upgrades to "buy", 12-month target price is increased to $ 44.00
Raymond James upgrades to "outperform", 6-12 month target price is $45.00
Cossette Communication Group (KOS : TSX : $9.25)
Q4 ahead of expectation
National Bank Financial maintains "sector perform", 12-month target price is $10.50
LionOre Mining International (LIM : TSX : $11.80)
Issued production targets and guidance on major expenses for FY07
Credit Suisse maintains "neutral " target price is $11.00
RBC Capital Markets maintains "sector perform", target price is $11.00
TD Newcrest maintains "buy", target price raised to $14.00
MacDonald Dettwiler & Assoc. (MDA : TSX : $40.30)
Announces HIP licensing deal for new home sales
CIBC World Markets maintains "sector outperform", target price is $55.00
NAL Oil & Gas Trust (NAE.UN : TSX : $13.51)
Recent distribution cut
CIBC World Markets upgrades to "sector outperform", target price is $16.25
Newport Partners Income Fund (NPF.UN : TSX : $5.70)
NPF owns 80% of Murray demolition, which has acquired Quantum Environmental for $50million
Blackmont Capital maintains "sell", target price raised to $5.50
Nevsun Resources (NSU : TSX : $2.91)
Operations improving at Tabakoto
Blackmont Capital maintains "speculative buy", target price is $4.00
North West Company Fund (NWF.UN : TSX : $16.81)
Reported Q3 EBITDA of $25.6 million
CIBC World Markets upgrades to "sector outperform", target price raised to $18.00
National Bank Financial maintains "sector perform", 12-month target price is raised to $16.00
Jean Coutu Group (PJC) (PJC.A : TSX : $12.74)
Industry consolidation speculation
National Bank Financial maintains "sector perform", 12-month target price is $12.00
Penn West Energy Trust (PWT.UN : TSX : $37.26)
Benefited from a flight to quality
CIBC World Markets downgrades to "sector perform", target price is $41.00
Research In Motion (RIM : TSX : $146.15 | RIMM : NASDAQ : US$127.17)
To report Q3/F07 on December 21, 2006
Canaccord Adams reiterates "buy", target price is US$180.00
Energy Savings Income Fund (SIF.UN : TSX : $12.92)
Another distribution increase
RBC Capital Markets maintains "top pick", 12-month target price is $15.00
Saskatchewan Wheat Pool (SWP : TSX : $8.49)
Reported fiscal Q1/07 EPS loss of $0.06
BMO Nesbitt Burns maintains "market perform", target price is $8.50
National Bank Financial maintains "sector perform", 12-month target price is $8.50
Transat A.T. (TRZ.B : TSX : $29.75)
Building its market share in Ontario to over 40% is a priority
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $33.00
