Ear on the Street
Algoma Steel (AGA : TSX : $33.42)
Reduction in shipments estimate in fourth quarter
BMO Nesbitt Burns maintains a "sector outperform", target price is $45.00
Advantage Energy Income Fund (AVN.UN : TSX : $12.83)
Makes distribution cut and provides 2007 outlook
CIBC World Markets maintains a "sector underperform", target price is $10.50
Carfinco Income Fund (CFN.UN : TSX : $4.00)
Attacking niche others fear
Blackmont Capital initiates coverage with a "speculative buy", 12-month target price is $4.75
CanWest Global Communications (CGS : TSX : $11.61 | CWG : NYSE : US$9.87)
Recent share price appreciation behind downgrade
TD Newcrest downgrades to "buy", 12-month target price is $13.50
CI Financial Income Fund (CIX.UN : TSX : $26.05)
Buyback and market growth to provide support
CIBC World Markets maintains a "sector perform", target price raised to $28.50
CSI Wireless (CSY : TSX : $2.10)
F07 revenue guidance provided
Haywood Securities maintains a "sector perform", target price raised to $2.20
Canadian Tire Corporation (CTC.A : TSX : $69.75)
Weather hampers short-term; however, long-term remains bright
CIBC World Markets maintains a "sector perform", target price is $76.00
Desjardins Securities maintains a "buy", target price is $80.00
Raymond James maintains a "market perform", 6-12 month target price is $78.00
RBC Capital Markets maintains a "outperform", target price is $89.00
bcMetals Corporation (C : TSX-V : $1.26)
Taseko increases bid
Haywood Securities maintains a "sector perform", target price raised to $1.25
Great Canadian Gaming (GCD : TSX : $12.56)
Turnaround story in progress
RBC Capital Markets initiates coverage with a "sector perform", target price is $12.00
Gateway Casinos Income Fund (GCI.UN : TSX : $18.19)
Relatively attractive
RBC Capital Markets upgrades to "outperform", target price raised to $20.00
Gennum Corp. (GND : TSX : $13.99)
Cost cuts to benefit Q4; uncertainty remains going forward
Blackmont Capital downgrades to "hold", 12-month target price is $14.00
CIBC World Markets reiterates "sector perform", target price is $15.00
Highpine Oil & Gas (HPX : TSX : $15.12)
Corporate update provided
BMO Nesbitt Burns continues to rate a "outperform", target price is $20.00
Loblaw Companies (L : TSX : $51.44)
Looking ahead to new strategic plan
CIBC World Markets maintains a "sector underperform", target price is $42.00
MDS Inc. (MDS : TSX : $20.17 | MDZ : NYSE : US$17.10)
Strategic decisions surrounding Pharma Services may take place in short to mid-term
TD Newcrest maintains a "hold", 12-month target price is $22.00
Magna Entertainment (D) (MEC.A : TSX : $4.95 | MECA : NASDAQ : US$4.18)
Updates slot roll-out at Gulfstream Park
GMP Securities maintains a "buy", target price is US$8.00
Magna International (MG.A : TSX : $93.25 | MGA : NYSE : US$79.53)
Negative takeaway from December production data
BMO Nesbitt Burns maintains a "market perform", target price is US$80.00
Metro Inc. (MRU.A : TSX : $37.86)
Market to focus on A&P integration during upcoming earnings call
CIBC World Markets maintains a "sector perform", target price is $38.00
RBC Capital Markets maintains a "sector perform", target price is $38.00
Methanex Corp. (MX : TSX : $32.49 | MEOH : NASDAQ : US$27.60)
Lower prices in North America and Europe
RBC Capital Markets maintains a "underperform", target price is US$23.00
Nova Chemicals Corp (NCX : TSX : $34.59 | NYSE : US$29.38)
Ethylene/polyolefin margin expected to decline in Q4
CIBC World Markets maintains "sector perform", 12-month target price is US$31.00
New Flyer Industries Inc. (NFI.UN : TSX : $8.50)
Q4 warning
BMO Capital Markets maintains "outperform", 12-month target price is $9.00
CIBC World Markets maintains "sector perform", 12-month target price is $9.00
Nortel Networks Corp. (NT : TSX : $31.78 | NYSE : US$27.02)
Possibly to swap its GSM business for Alcatel-Lucent's PBX business
GMP Securities maintains "buy", 12-month target price is $35.00
Precision Drilling (PD.UN : TSX : $26.47 | PDS : NYSE : US$22.55)
Distribution cut more than expected
Raymond James downgrades to "market perform", 6-12 month target price is cut to $26.00
RBC Capital Markets maintains "outperform", 12-month target price is raised to $34.00
Research In Motion (RIM : TSX : $143.93 | RIMM : NASDAQ : US$122.14)
More T-Mobile dealers are selling Pearl
TD Newcrest maintains "action list buy", 12-month target price is US$165.00
Stratos Global (SGB : TSX : $5.27)
To report Q4 in mid-February
TD Newcrest maintains "action list buy", 12-month target price is $8.00
sxr Uranium One (SXR : TSX : $14.59)
New Street coverage
Raymond James maintains "market perform", 6-12 month target price is raised to $15.00
RBC Capital Markets initiates coverage with a "outperform", 12-month target price is $20.00
TransAlta Corp. (TA : TSX : $26.14)
Awarded a 25-year power purchase agreement by New Brunswick Power
BMO Capital Markets maintains "underperform", 12-month target price is $22.00
RBC Capital Markets maintains "underperform", 12-month target price is $24.00
Breaker Energy Ltd. (WAV.A : TSX : $5.60)
2007 production guidance remains in tact
BMO Nesbitt Burns maintains a "market perform", target price is $6.50
WebTech Wireless Inc. (WEW : TSX-V : $5.56)
New Street coverage
GMP Securities maintains "buy", 12-month target price is $6.50
Xceed Mortgage Corp. (XMC : TSX : $6.22)
Strong Q4 EPS
Blackmont Capital maintains "buy", 12-month target price is $8.00
BMO Capital Markets maintains "market perform", 12-month target price is raised to $6.50
Desjardins Securities maintains a "hold", target price is $7.20
GMP Securities maintains "buy", 12-month target price is $8.60
TD Newcrest maintains "hold", 12-month target price is raised to $6.50
TSX Group (X : TSX : $50.49)
To report Q4 on January 31
CIBC World Markets upgrades to "sector outperform", 12-month target price is raised to $60.00
TD Newcrest maintains "hold", 12-month target price is raised to $49.00
Zarlink Semiconductor (ZL : TSX : $2.55)
To report Q3 on January 25
Blackmont Capital maintains "buy", 12-month target price is $3.60
