Ear on the Street
Aeroplan Income Fund (AER.UN : TSX : $19.44)
Strong Q4 DCPU
CIBC World Markets maintains "sector perform", 12-month target price is raised to $18.00
Desjardins Securities maintains "hold", 12-month target price is raised to $21.00
TD Newcrest maintains "buy", 12-month target price is raised to $22.00
Algoma Steel (AGA : TSX : $36.76)
Q4 EPS above estimates
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $48.00
GMP Securities maintains "buy", 12-month target price is raised to $49.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is raised to $51.50
TD Newcrest downgrades to "hold", 12-month target price is $40.00
Axcan Pharma (AXP : TSX : $18.33 | AXCA : NASDAQ : US$15.61)
A solid Q1
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $17.50
Axia NetMedia (AXX : TSX : $4.80)
Better-than-expected Q2
Canaccord Adams maintains "buy", 12-month target price is raised to $5.00
Haywood Securities maintains "sector outperform", 12-month target price is raised to $6.00
CAE Inc. (CAE : TSX : $12.17 | CGT : NYSE : US$10.41)
Q3 beats expectations
Canaccord Adams maintains "sell", 12-month target price is raised to $9.00
GMP Securities maintains "buy", 12-month target price is raised to $14.40
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $12.00
Scotia Capital Markets upgrades to "sector outperform", 12-month target price is raised to $14.50
TD Newcrest maintains "buy", 12-month target price is raised to $14.00
Canaccord Capital Inc. (CCI : TSX : $18.45)
Q3 EPS ahead of expectations
CIBC World Markets maintains "sector outperform", 12-month target price is $23.00
TD Newcrest maintains "hold", 12-month target price is raised to $21.00
Cameco Corp. (CCO : TSX : $43.72 | CCJ : NYSE : US$37.32)
2007 deliveries delayed
GMP Securities maintains "buy", 12-month target price is US$54.00
Crescent Point Energy Trust (CPG.UN : TSX : $17.23)
Momentum increases due to Mission acquisition
TD Newcrest maintains "buy", 12-month target price is raised to $18.50
Canadian Tire Corporation (CTC.A : TSX : $72.89)
Q4 in line
CIBC World Markets maintains "sector perform", 12-month target price is $76.00
Desjardins Securities maintains "buy", 12-month target price is $80.00
Raymond James maintains "market perform", 6-12 month target price is $78.00
RBC Capital Markets maintains "outperform", 12-month target price is cut to $85.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $80.00
CV Technologies (CVQ : TSX : $2.27)
Q1 loss and disappointing U.S. sales
RBC Capital Markets maintains "sector perform", 12-month target price is cut to $3.00
Consumers Waterheater Fund (CWI.UN : TSX : $14.92)
Closed acquisition of Toronto Hydro Energy Sevices Inc.
TD Newcrest maintains "hold", 12-month target price is $13.50
Draxis Health (DAX : TSX : $5.92 | DRAX : NASDAQ : US$5.04)
Q4 in line
Desjardins Securities maintains "hold", 12-month target price is US$5.75
Scotia Capital Markets maintains "sector outperform", 12-month target price is $6.00
TD Newcrest maintains "action list buy", 12-month target price is US$6.50
Dalsa Corp. (DSA : TSX : $11.68)
Attractive valuation
Scotia Capital Markets maintains "sector perform", 12-month target price is $15.00
Enerflex Systems (EFX.UN : TSX : $10.60)
Q4 misses
RBC Capital Markets maintains "outperform", 12-month target price is $14.00
Emergis (EME : TSX : $5.25)
Infoway DIS agreement
Scotia Capital Markets maintains "sector outperform", 12-month target price is $6.00
Forzani Group (FGL : TSX : $18.88)
Cold weather in eastern Canada my help sales
Canaccord Adams maintains "hold", 12-month target price is $18.50
Fortis Inc. (FTS : TSX : $27.10)
Another quarter above estimates
Canaccord Adams maintains "buy", 12-month target price is raised to $32.00
CIBC World Markets maintains "sector underperform", 12-month target price is $27.00
TD Newcrest upgrades to "hold", 12-month target price is $26.00
Highpine Oil & Gas (HPX : TSX : $17.40)
Strong production growth expected in Q1
RBC Capital Markets maintains "outperform", 12-month target price is $21.00
Heroux-Devtek Inc. (HRX : TSX : $7.47)
Strong Q3
Raymond James maintains "outperform", 6-12 month target price is raised to $9.25
International Forest Products (IFP.A : TSX : $7.25)
Q4 beats expectations
Raymond James maintains "outperform", 6-12 month target price is $8.50
RBC Capital Markets maintains "outperform", 12-month target price is $8.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $8.35
Jazz Air Income Fund (JAZ.UN : TSX : $8.60)
2006 results beat expectations
CIBC World Markets maintains "sector outperform", 12-month target price is $9.30
Desjardins Securities maintains "buy", 12-month target price is $9.75
Kingsway Financial Services (KFS : TSX : $23.15 | NYSE : US$19.77)
Disappointing quarter
CIBC World Markets downgrade to "sector perform", 12-month target price is cut to $26.00
Desjardins Securities maintains "buy", 12-month target price is cut to $32.00
Scotia Capital Markets rates "sector perform", 12-month target price is $29.00
Cossette Communication Group (KOS : TSX : $12.00)
Q1 slightly ahead of expectations
Desjardins Securities maintains "hold", 12-month target price is $13.00
TD Newcrest upgrades to "buy", 12-month target price is raised to $14.00
Loblaw Companies (L : TSX : $46.92)
Long road to recovery
Desjardins Securities maintains "hold", 12-month target price is $50.00
RBC Capital Markets rates "underperform", 12-month target price is $46.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $43.50
TD Newcrest maintains "reduce", 12-month target price is cut to $46.00
Major Drilling Group Intl. (MDI : TSX : $25.35)
Second largest minerals and mining driller
TD Newcrest initiates coverage with a "buy", 12-month target price is $32.00
Mission Oil & Gas (MSO : TSX : $12.75)
Acquired by Crescent Point Energy Trust
GMP Securities Securities discontinues coverage
Nortel Networks Corp. (NT : TSX : $33.91 | NYSE : US$29.02)
Expect class action settlement in Q3/07
Scotia Capital Markets maintains "sector outperform", 1-year target price of $40.00
Open Text (OTC : TSX : $26.83 | OTEX : NASDAQ : US$22.91)
Beat expectations on bottom line
Canaccord Capital maintains "hold", 12-month target price is US$20.00
CIBC World Markets maintains "sector perform", 12-month target price is raised to US$25.00
GMP Securities Securities maintains "buy", 12-month target price is raised to US$24.00
Raymond James maintains "outperform", 12-month target price is raised to $30.00
RBC Capital Markets maintains "outperform", 12-month target price is raised to US$27.00
Scotia Capital Markets rates "sector perform", 12-month target price is US$25.00
TD Newcrest maintains "buy", 12-month target price is raised to US$27.00
Research In Motion (RIM : TSX : $156.38 | RIMM : NASDAQ : US$133.33)
One million subscriber adds in Q4
RBC Capital Markets maintains "sector perform", 12-month target price is US$145.00
Shoppers Drug Mart (SC : TSX : $51.25)
Strong quarter on all fronts
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $57.00
Desjardins Securities maintains "hold", 12-month target price is $50.50
Scotia Capital Markets maintains "sector outperform", 1-year target price of $59.00
Steeplejack Industrial Group (SID : TSX : $7.55)
Another strong quarter
Raymond James maintains "strong buy", 6-12 month target price is $10.00
Energy Savings Income Fund (SIF.UN : TSX : $13.00)
Mixed Q3 and lower 2007 customer addition guidance
Canaccord Adams maintains "buy", 12-month target price is $15.25
Haywood Securities maintains "sector outperform", 12-month target price is $15.00
TD Newcrest downgrades to "hold", 12-month target price is cut to $14.00
Sun Life Financial Inc. (SLF : TSX : $51.89 | NYSE : US$44.25)
Beats consensus in Q4
Desjardins Securities maintains "buy", 12-month target price is $56.00
GMP Securities Securities maintains "buy", 12-month target price is $57.50
Scotia Capital Markets rates "sector outperform", 12-month target price is $58.00
TD Newcrest upgrade to "buy" 12-month target price is raised to $58.00
Stelco Inc. (STE : TSX : $20.00)
Operating losses of 120-140 million in Q4/06
RBC Capital Markets maintains "underperform", 12-month target price is reduced to $16.00
TIO Networks (TNC : TSX-V : $0.95)
New COO announced
GMP Securities Securities maintains "buy" 12-month target price is $1.70
Thomson Corporation (TOC : TSX : $51.00 | NYSE : US$43.55)
Increased annual divided by 11%
Scotia Capital Markets rates "sector perform", 12-month target price is $52.50
TD Newcrest maintains "hold", 12-month target price is raised to $53.00
TimberWest Forest Corp. (TWF.UN : TSX : $17.00)
Unit price appreciation
Raymond James rates "market perform", 6-12 month target price is $14.50
Scotia Capital Markets downgrades to "sector underperform", 12-month target price is $15.50
Westport Innovations (WPT : TSX : $1.52)
Provides update on WRI
Canaccord Capital maintains "hold", 12-month target price is $1.60
Western Oil Sands Inc (WTO : TSX : $33.50)
Potential for sale or merger
GMP Securities Securities upgrades to "buy", 12-month target price is raised to $37.00
Raymond James rates "market perform", 6-12 month target price is $34.00
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