The Trading Floor

[Arctec]

Ear on the Street

Bell Aliant (BA.UN : TSX : $29.51)
Q4 preview
TD Newcrest downgrades to "hold", 12-month target price is $31.00

Bombardier Inc. (BBD.B : TSX : $4.18)
New Street coverage
Desjardins Securities initiates coverage with a "buy", 12-month target price is $4.80

Custom Direct Income Fund (CDI.UN : TSX : $8.46)
Mixed Q4
TD Newcrest maintains "buy", 12-month target price is raised to $10.00

Canadian Oil Sands Trust (COS.UN : TSX : $30.46)
Q4 reported yesterday
Canaccord Adams maintains "buy", 12-month target price is $33.00

bcMetals Corporation (C : TSX-V : $1.42)
A possible counter bid from Imperial
Haywood Securities maintains "sector perform", 12-month target price is raised to $1.40

Canadian Royalties Inc (CZZ : TSX : $3.17)
20% increase of indicated resource estimate at Mesamax
Raymond James maintains "strong buy", 12-month target price is raised to $4.20

Dalsa Corp. (DSA : TSX : $12.49)
To report Q4 on January 31
CIBC World Markets maintains "sector outperform", 12-month target price is $18.00

Ember Resources (EBR : TSX : $2.56)
$15 million equity financing
GMP Securities maintains "buy", 12-month target price is $3.50
Raymond James maintains "market perform", 6-12 month target price is cut to $2.50

E4 Energy (EFE : TSX-V : $1.20)
Operations on track
Canaccord Adams maintains "buy", 12-month target price is $1.70

CGI Group (GIB.A : TSX : $8.31 | GIB : NYSE : US$7.04)
Q1 reported today
Raymond James maintains "market perform", 6-12 month target price is $8.50
TD Newcrest maintains "hold", 12-month target price is $8.50

Iamgold Corp. (IMG : TSX : $10.01)
An illegal work stoppage at Rosebel mine
Blackmont Capital maintains "buy", 12-month target price is $14.00

Newalta Income Fund (NAL.UN : TSX : $24.60)
Closes equity financing
RBC Capital Markets resumes coverage with "sector perform", target price is $28.00

Novadaq Technologies (NDQ : TSX : $7.25)
As expected, announces termination of distribution agreement with Sorin Group
Blackmont Capital maintains a "buy", 12-month target price is $15.00

Newport Partners Income Fund (NPF.UN : TSX : $6.44)
Disappointing since IPO
RBC Capital Markets initiates coverage with a "underperform", target price is $5.75

Novelis (NVL : TSX : $43.85 | NYSE : US$37.04)
In discussions with various parties
Blackmont Capital maintains a "sell", 12-month target price is US$26.00
Desjardins Securities maintains a "hold", target price is US$26.70

Pengrowth Energy Trust (PGF.UN : TSX : $20.30 | PGH : NYSE : US$17.21)
Lower 2007 guidance and 2006 year-end reserves update
Canaccord Adams downgrades to "hold", target price cut to $19.00
CIBC World Markets downgrades to "sector underperform", target price cut to $19.00
RBC Capital Markets maintains a "sector perform", target price cut to $16.50
TD Newcrest maintains a "hold", 12-month target price is $17.00

Purepoint Uranium Group (PTU : TSX-V : $1.71)
New expolration agreement
Blackmont Capital maintains "speculative buy", 12 month target price is raised to $1.60

Richelieu Hardware (RCH : TSX : $24.50)
Fourth quarter results meet estimates
Blackmont Capital maintains "buy", 12 month target price is raised to $29.00
Canaccord Capital maintains "buy", 12 month target price is raised to $26.50
Desjardins Securities maintains a "hold", target price raised to $25.50

TransAlta Corp. (TA : TSX : $26.14)
Q4 results reported
Canaccord Capital maintains "buy", 12 month target price is raised to $32.00
CIBC World Markets rate "sector perform", 12-month target price is $28.00
Desjardins Securities downgrades to "hold", 12-month target price is $28.25
RBC Capital Markets maintains "underperform", 12-month target price is $24.00
TD Newcrest maintains "reduce", 12-month target price is $24.00

Theratechnologies (TH : TSX : $8.65)
Drugs with potential
GMP Securities Securities maintains "buy", 12-month target price is raised to $11.50

20-20 Technologies (TWT : TSX : $6.95)
Q4 results double expectations
TD Newcrest maintains "action list buy", 12-month target price is $8.50

Western Canadian Coal (WTN : TSX : $1.90)
Lower sales estimate
GMP Securities Securities maintains "buy", 12-month target price is reduced to $2.65

Zargon Energy Trust (ZAR.UN : TSX : $24.40)
Looks attractive at current levels
CIBC World Markets upgrades to "sector outperform", target price is $29.50