Ear on the Street
Air Canada (AC.A : TSX : $19.92)
Solid Q4
Raymond James maintains "market perform", 6-12 month target price is raised to $21.00
TD Newcrest maintains "buy", 12-month target price is $25.00
ACE Aviation Holdings (ACE.B : TSX : $35.86)
Q4 in line
Desjardins Securities maintains "hold", 12-month target price is $40.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $41.00
TD Newcrest maintains "buy", 12-month target price is raised to $45.00
AutoCanada Income Fund (ACQ.UN : TSX : $10.50)
New Street coverage
Scotia Capital Markets initiates coverage with a "sector outperform", 12-month target price is $12.50
ATS Automation Tooling Systems (ATA : TSX : $12.55)
Q3 preview
Blackmont Capital maintains "buy", 12-month target price is $13.70
Alimentation Couche-Tard (ATD.B : TSX : $25.07)
Retail gasoline margin below estimates
Blackmont Capital maintains "buy", 12-month target price is $32.00
Aur Resources (AUR : TSX : $19.94)
Q4 weaker than expected
Canaccord Adams maintains "hold", 12-month target price is cut to $20.00
CIBC World Markets maintains "sector outperform", 12-month target price is $32.00
Credit Suisse maintains "neutral", 12-month target price is $23.00
Desjardins Securities maintains "buy", 12-month target price is $26.85
GMP Securities maintains "buy", 12-month target price is $29.00
Scotia Capital Markets maintains "sector underperform", 12-month target price is cut to $19.00
TD Newcrest downgrades to "hold", 12-month target price is cut to $23.00
Brookfield Properties (BPO : TSX : $54.15 | NYSE : US$46.24)
Q4 in line
CIBC World Markets maintains a "sector perform", target price raised to US$49.00
Desjardins Securities maintains "buy", 12-month target price is US$58.50
Raymond James maintains "outperform", 6-12 month target price is raised to US$56.00
RBC Capital Markets maintains "sector perform", 12-month target price is raised to US$48.00
Scotia Capital Markets maintains "sector underperform", 12-month target price is US$38.50
TD Newcrest maintains "hold", 12-month target price is US$46.00
CAE Inc. (CAE : TSX : $12.67 | CGT : NYSE : US$10.79)
Rebounding of civil sim market share
GMP Securities reiterates "focus buy", target price is $14.40
Canaccord Capital Inc. (CCI : TSX : $19.00)
Delivers on most recent quarter
Westwind Partners maintains a "buy", 1-year target price is $21.75
Calpine Power Income Fund (CF.UN : TSX : $12.89)
No superior alternatives in sight
Desjardins Securities changes to "sell", target price is $13.00
Countryside Power Income Fund (COU.UN : TSX : $9.31)
Reviewing strategic alternatives
Desjardins Securities downgrades to "hold", target price raised to $10.00
CanWest MediaWorks (CWM.UN : TSX : $8.34)
Takeover premium potential increasing
TD Newcrest maintains a "action list buy", 12-month target price is raised to $9.00
Labopharm Inc. (DDS : TSX : $7.19)
More visibility on Tramadol OD's potential
Blackmont Capital maintains a "buy", 12-month target price is $9.00
EnCana Corp. (ECA : TSX : $55.90 | NYSE : US$47.52)
Fourth quarter results expected to be released before market open on Thursday
Blackmont Capital maintains a "buy", 12-month target price is US$57.00
Enerflex Systems (EFX.UN : TSX : $10.43)
Weak fourth quarter results
Raymond James maintains a "outperform", 6-12 month target price cut to $12.00
Finning International (FTT : TSX : $50.23)
Fourth quarter results expected today
RBC Capital Markets maintains a "outperform", target price is $53.00
H&R Real Estate Invest. Trust (HR.UN : TSX : $25.96)
Developing EnCana's new head office complex in Calgary
CIBC World Markets maintains a "sector outperform", target price raised to $27.35
Heroux-Devtek Inc. (HRX : TSX : $7.44)
Posts strong Q3/07 results
GMP Securities maintains a "buy", target price raised to $8.20
International Forest Products (IFP.A : TSX : $7.75)
Fourth quarter results encouraging
TD Newcrest maintains a "buy", 12-month target price is $9.00
Inmet Mining (IMN : TSX : $59.73)
Falling commodity prices to be offset by production growth
Scotia Capital Markets maintains a "sector outperform", 1-year target price raised to $65.00
Quebecor World (IQW : TSX : $16.60 | NYSE : US$14.09)
Print market is weak
Desjardins Securities maintains "sell", 12-month target price is US$11.00
Kingsway Financial Services (KFS : TSX : $23.01 | NYSE : US$19.61)
Reports disappointing fourth quarter results
RBC Capital Markets downgrades to "sector perform", target price cut to $26.00
Mediagrif Interactive Techn. (MDF : TSX : $9.00)
Initiating restructuring
CIBC World Markets maintains a "sector perform", target price cut to $9.50
Scotia Capital Markets maintains a "sector underperform", 1-year target price is $9.50
Masters Energy (MSY : TSX : $3.10)
Company provides 2007 guidance
Raymond James maintains a "outperform", 6-12 month target price is $4.75
Novelis (NVL : TSX : $51.43 | NYSE : US$43.75)
Agreed to be bought by Hindalco
Blackmont Capital upgrades to "hold", 12-month target price is raised to US$44.93
Nexen (NXY : TSX : $69.67 | NYSE : US$59.20)
Fourth quarter results expected to be released before market open on Thursday
Blackmont Capital maintains a "buy", 12-month target price is $71.00
Scotia Capital Markets maintains a "sector outperform", 1-year target price is $83.50
Penn West Energy Trust (PWT.UN : TSX : $35.20)
Acquires new assets
TD Newcrest maintains "buy", 12-month target price is $36.00
QLT Inc. (QLT : TSX : $10.43)
Settles patent suit
Scotia Capital Markets maintains "sector underperform", 12-month target price is $6.00
Redstar Oil & Gas (RED : TSX : $1.45)
Joint venture with private US oil and gas co
GMP Securities maintains "buy", 12-month target price is $2.00
Stratos Global (SGB : TSX : $5.13)
Q4 reports on Thursday Feb 15
Scotia Capital Markets rates "sector underperform", 12-month target price is $5.50
Shell Canada (SHC : TSX : $44.89)
Directors circular released
RBC Capital Markets rates "sector perform", 12-month target price is $46.00
Teck Cominco Ltd. (TCK.B : TSX : $82.40 | TCK : NYSE : US$70.08)
Weak zinc market
Scotia Capital Markets downgrade to "sector perform", 12-month target price is $87.00
TORR Canada (TOR : TSX : $0.95)
Working on several projects
Blackmont Capital maintains "speculative buy", 12-month target price is $1.60
TELUS (T : TSX : $57.99 | TU : NYSE : US$48.01)
Leveraged buyout model
RBC Capital Markets rates "sector perform", 12-month target price is $64.00
TimberWest Forest Corp. (TWF.UN : TSX : $16.75)
Higher real estate proceeds
Raymond James maintains a "market perform", 6-12 month target price raised to $16.00
TD Newcrest maintains "hold", 12-month target price is raised to $16.50
Vecima Networks (VCM : TSX : $10.50)
Details coming on WiMAX market
CIBC World Markets maintains "sector outperform", 12-month target price is $15.50
Raymond James maintains "outperform", 12-month target price is $12.50
Western Canadian Coal (WTN : TSX : $1.92)
Net loss exceeds expectations
GMP Securities maintains "buy", 12-month target price is lowered to $2.45
Western Oil Sands Inc (WTO : TSX : $32.93)
Possible corporate transactions
Scotia Capital Markets downgrades to "sector perform", 12-month target price is $32.00
Yellow Pages Income Fund (YLO.UN : TSX : $13.08)
Ideal LBO candidate
Blackmont Capital maintains "hold", 12-month target price is $13.50
YM BioSciences (YM : TSX : $1.99)
Tesmilifene trial failed
RBC Capital Markets rates "sector perform", 12-month target price is $2.00
