The Trading Floor

[Arctec]

Ear on the Street

Alberta Clipper Energy (ACN : TSX : $4.95)
Bought deal financing closed
BMO Capital Markets maintains "outperform", 12-month target price is cut to $6.75

Amtelecom Income Fund (AMT.UN : TSX : $13.45)
Bell Aliant bids for $13.00/unit
Canaccord Adams maintains "buy", 12-month target price is raised to $14.00

Aur Resources (AUR : TSX : $20.89)
Q4 fell short of consensus
Raymond James maintains "market perform", 6-12 month target price is $27.00

Bell Aliant (BA.UN : TSX : $29.40)
Sale of directory business for $330 million
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $30.00

Bombardier Inc. (BBD.B : TSX : $4.74)
Launched the CRJ1000 regional jet
BMO Capital Markets maintains "underperform", 12-month target price is $3.20
Credit Suisse maintains "underperform", 12-month target price is $2.65
Desjardins Securities maintains "buy", 12-month target price is $4.80
GMP Securities maintains "reduce", 12-month target price is $3.35
TD Newcrest maintains "reduce", 12-month target price is $4.00

Bird Construction Income Fund (BDT.UN : TSX : $14.45)
Wins marquee project
Blackmont Capital maintains "buy", 12-month target price is raised to $19.00

BlackWatch Energy Services (BWT.UN : TSX : $2.20)
Suspension of distributions
Blackmont Capital downgrades to "sell", 12-month target price is cut to $2.25

Cameco Corp. (CCO : TSX : $42.16)
New Street coverage
CIBC World Markets initiates coverage with a "sector outperform", 12-month target price is $51.00

Canfor Pulp Income Fund (CFX.UN : TSX : $15.03)
Strong Q4
BMO Capital Markets maintains "outperform", 12-month target price is raised to $15.00
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $16.50

Chemtrade Logistics Inc Fd (CHE.UN : TSX : $8.33)
Limited downside risk
Blackmont Capital upgrades to "hold", 12-month target price is raised to $8.00

Cangene Corp. (CNJ : TSX : $8.60)
A strong contender for BioShield contracts
GMP Securities maintains "buy", 12-month target price is $13.50

Cardiome Pharma (COM : TSX : $14.04 | CRME : NASDAQ : US$12.01)
FDA accepts NDA for Vernakalant IV
Raymond James maintains "strong buy", 6-12 month target price is $19.00
RBC Capital Markets maintains "outperform", 12-month target price is $15.00

Cordero Energy (COR : TSX : $5.02)
Lower 2007 guidance
BMO Capital Markets maintains "outperform", 12-month target price is cut to $6.50

Canadian Utilities (CU : TSX : $43.49)
ATCO Electric files 2007/08 GTA
BMO Capital Markets maintains "market perform", 12-month target price is $42.50

Domtar Inc. (DTC : TSX : $11.00 | NYSE : US$9.40)
Better than expected performance by the Weyerhaeusre Paper Division
BMO Capital Markets maintains "outperform", 12-month target price is raised to $13.50

Great Lakes Carbon Inc. Fd (GLC.UN : TSX : $11.95)
Rain's bid insufficient
RBC Capital Markets upgrades to "outperform", 12-month target price is raised to $14.25

GobiMin (GMN : TSX-V : $2.35)
New copper joint venture in China
Desjardins Securities maintains "buy", 12-month target price is $3.90

Goldcorp Inc. (G : TSX : $32.12 | GG : NYSE : US$27.36)
Announces sale of Peak, Amapari
CIBC World Markets maintains "sector outperform", 12-month target price is cut to US$39.00
Raymond James maintains "outperform", 12-month target price is $37.00

Great-West Lifeco (GWO : TSX : $36.67)
To purchase Putnam
BMO Capital Markets maintains "outperform", 12-month target price is $40.00

Iamgold Corp. (IMG : TSX : $10.43)
Increase in reserves at Rosebel
Blackmont Capital maintains "buy", 12-month target price is $14.00

Inmet Mining (IMN : TSX : $60.85)
Less metal expected from Ok Tedi and Cayeli
Raymond James rates "outperform", 12-month target price is $62.38

Isotechnika Inc (ISA : TSX : $1.62)
Raised $40.4 million in bought deal
RBC Capital Markets rates "outperform", 12-month target price is $4.50

KCP Income Fund (KCP.UN : TSX : $8.34)
Takeover speculation
BMO Nesbitt Burns maintains "market perform" 12-month target price is $9.25

Loblaw Companies (L : TSX : $47.78)
Annual investor day Wednesday Feb 21
Desjardins Securities rates "hold", 12-month target price is $50.00

Miranda Technologies (MT : TSX : $14.45)
Results better that consensus
BMO Nesbitt Burns maintains "outperform", 12-month target price is raised to $18.00

Noranda Income Fund (NIF.UN : TSX : $9.98)
Weaker zinc sales
BMO Nesbitt Burns maintains "outperform", 12-month target price is $12.50
RBC Capital Markets rates "sector perform", 12-month target price is $10.50
TD Newcrest maintains "hold", 12-month target price is cut to $10.00

Q9 Networks Inc. (Q : TSX : $14.19)
Leading provider of outsourced IT
GMP Securities initiates coverage with "buy", 12-month target price is $17.00

Ritchie Bros Auctioneers Inc. (RBA : TSX : $71.85 | NYSE : US$61.47)
Solid start
Raymond James maintains "market perform", 12-month target price is $62.50

Rogers Communications (RCI.B : TSX : $39.50)
Wireless competitors could increase
Canaccord Capital rates "sell", 12-month target price is raised to $32.00

Cdn. Real Estate Investment (REF.UN : TSX : $32.56)
Sells 1/2 interest in Toronto office building
Desjardins Securities maintains "hold", 12-month target price is raised to $34.00

Research In Motion (RIM : TSX : $165.48 | RIMM : NASDAQ : US$141.25)
Blackberry 8800 impressive
RBC Capital Markets maintains "sector perform", 12-month target price is US$145.00
TD Newcrest maintains "action list buy", 12-month target price is raised to US$175.00

RONA Inc. (RON : TSX : $24.09)
Q4 results coming today
Blackmont Capital maintains a "buy", 12-month target price is $27.50
Canaccord Capital maintains "buy", 12-month target price is $25.00

SFK Pulp Fund (SFK.UN : TSX : $5.47)
Distribution increased, as expected
Raymond James maintains a "outperform", 6-12 month target price raised to $5.75
TD Newcrest maintains a "buy", 12-month target price is raised to $5.75

Silver Wheaton (SLW : TSX : $12.33 | NYSE : US$10.53)
Posts in line results
Blackmont Capital maintains a "buy", 12-month target price is raised to $16.00
RBC Capital Markets maintains a "sector perform", target price not provided

Sound Energy Trust (SND.UN : TSX : $4.65)
Drops the monthly DPU; updates guidance
TD Newcrest maintains a "hold", 12-month target price is $4.75

Savanna Energy Services (SVY : TSX : $19.07)
Makes $68 million service rig purchase
RBC Capital Markets maintains a "top pick", target price raised to $28.00
TD Newcrest maintains a "hold", 12-month target price is $21.00

Stornoway Diamond (SWY : TSX : $1.13)
Renard project should add value
GMP Securities initiates coverage with a "buy", 12-month target price is $1.80

TELUS (T : TSX : $58.30 | TU : NYSE : US$48.53)
Fourth quarter results slightly ahead of expectations
Credit Suisse maintains a "outperform", target price raised to $65.00

Vecima Networks (VCM : TSX : $10.55)
Acquiring Spectrum Signal Processing
CIBC World Markets maintains a "sector outperform", target price is $14.00

West Fraser Timber Co. (WFT : TSX : $44.15)
Fourth quarter meets expectations
RBC Capital Markets maintains a "sector perform", target price is $47.00

Wolfden Resources Inc (WLF : TSX : $3.70)
Receives conditional takeover offer from Zinifex
Desjardins Securities reiterates "hold", target price raised to $4.25

Canadian Satellite Radio (XSR : TSX : $7.40)
XM Satellite Radio and Sirius Satellite Radio announce merger plans
Desjardins Securities maintains "hold", 12-month target price is $10.00
GMP Securities maintains "buy", 12-month target price is $9.50
RBC Capital Markets maintains "sector perform", 12-month target price is $8.50

Yellow Pages Income Fund (YLO.UN : TSX : $13.24)
Acquiring Bell Aliant's Directory Services
Blackmont Capital upgrades to "buy", 12-month target price is raised to $14.00
BMO Nesbitt Burns maintains a "market perform", target price is $13.50
CIBC World Markets maintains a "sector perform", target price raised to $13.75
Desjardins Securities reiterates "top pick", target price is $15.00
TD Newcrest maintains a "action list buy", 12-month target price is raised to $15.00