The Trading Floor

[Arctec]

Ear on the Street

ATCO Ltd. (ACO.X : TSX : $46.39)
Q4 in line
RBC Capital Markets maintains "sector perform", 12-month target price is $48.00

Agnico-Eagle Mines (AEM : TSX : $47.25 | NYSE : US$40.76)
Strong Q4 and reserves up 19.3%
Blackmont Capital maintains "hold", 12-month target price is $48.00
Canaccord Adams upgrades to "buy", 12-month target price is raised to US$50.00
Desjardins Securities maintains "buy", 12-month target price is $62.75
Raymond James maintains "outperform", 6-12 month target price is $54.00
RBC Capital Markets maintains "sector perform", 12-month target price is not given

AGF Management (AGF.B : TSX : $30.73)
Margin expansion
CIBC World Markets upgrades to "sector outperform", 12-month target price is raised to $34.00
Credit Suisse maintains "outperform", 12-month target price is raised to $36.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is raised to $40.00
TD Newcrest maintains "hold", 12-month target price is raised to $32.00

Bow Valley Energy (BVX : TSX : $6.27)
Selling Canadian assets?
Scotia Capital Markets maintains "sector outperform", 12-month target price is $9.00

CAP REIT (CAR.UN : TSX : $20.80)
Flat 2006 FFO
Raymond James maintains "market perform", 6-12 month target price is $21.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is raised to $21.00
TD Newcrest maintains "hold", 12-month target price is raised to $19.50

Cascades Inc. (CAS : TSX : $13.90)
Q4 reported today
RBC Capital Markets maintains "sector perform", 12-month target price is $14.00

Canfor Corporation (CFP : TSX : $11.90)
Q4 preview
RBC Capital Markets maintains "sector perform", 12-month target price is $11.00

Certicom Corp. (CIC : TSX : $5.81)
To report Q3 on February 28
Canaccord Adams maintains "hold", 12-month target price is $6.00

Corus Entertainment (CJR.B : TSX : $47.00)
Downgrade based on price appreciation
TD Newcrest downgrades to "hold", 12-month target price is $52.00

Cinch Energy (CNH : TSX : $0.95)
Closing of flow-through financing
Canaccord Adams maintains "buy", 12-month target price is $2.00

Le Chateau (CTU.A : TSX : $58.97)
Strong Canadian retail sales (Dec) number bodes well for company
GMP Securities maintains a "buy", target price is $72.50

Canadian Utilities (CU : TSX : $43.28)
Q4 meets expectations
Canaccord Adams maintains "hold", 12-month target price is $42.00
RBC Capital Markets maintains "outperform", 12-month target price is $49.00

CV Technologies (CVQ : TSX : $2.61)
Alleged lobbying without being registered
RBC Capital Markets maintains "sector perform", 12-month target price is $3.00

Consumers Waterheater Fund (CWI.UN : TSX : $15.05)
Increase distribution by 4.9%
Scotia Capital Markets maintains "sector outperform", 12-month target price is $14.50

Defiant Resources (DFR : TSX : $1.51)
Lower than expected reserves
Raymond James maintains a "strong buy", 6-12 month target price cut to $3.00

Movie Distribution Income Fund (FLM.UN : TSX : $8.41)
Fourth quarter results come in above expectations
Raymond James maintains a "market perform", 6-12 month target price is $10.00
TD Newcrest maintains a "speculative buy", 12-month target price is $9.00

First Quantum Minerals (FM : TSX : $70.09)
Recent price appreciation behind downgrade
Haywood Securities downgrades to "sector perform", target price is $70.00

FNX Mining Company (FNX : TSX : $21.10)
New discovery at Levack Mine
GMP Securities maintains a "buy", target price is $30.00
RBC Capital Markets maintains a "outperform", target price is $24.00
Scotia Capital Markets maintains "sector perform", 12-month target price is raised to $18.50

Gammon Lake Resources (GAM : TSX : $21.68)
January has been the best month to date
Scotia Capital Markets maintains "sector outperform", 12-month target price is $24.00

Glencairn Gold (GGG : TSX : $0.63)
Announces plans to convert Libertad to a conventional milling operation
Blackmont Capital maintains a "buy", 12-month target price is cut to $0.90

Iamgold Corp. (IMG : TSX : $10.69 | IAG : NYSE : US$9.22)
Recent increases in reserves offsets news of higher costs in 2007
Blackmont Capital maintains a "buy", 12-month target price is cut to $13.50
TD Newcrest maintains a "action list buy", 12-month target price is cut to US$15.00

International Minerals (IMZ : TSX : $5.65)
Company provides project updates
TD Newcrest maintains a "hold", 12-month target price is $6.50

Kinross Gold (K : TSX : $15.93 | KGC : NYSE : US$13.71)
Earnings and outlook meet expectations
Blackmont Capital maintains a "buy", 12-month target price is $19.00
RBC Capital Markets maintains a "sector perform", target price is US$16.00
TD Newcrest maintains a "hold", 12-month target price is US$15.00

Loblaw Companies (L : TSX : $47.44)
Held much anticipated Investor Day Wednesday
Credit Suisse reiterates "outperform", target price is $53.00
Desjardins Securities maintains a "hold", target price is $50.00
Scotia Capital Markets maintains "sector underperform", 12-month target price is $43.50
TD Newcrest maintains a "reduce", 12-month target price is $46.00

March Networks (MN : TSX : $11.20)
Q3 preview: Awaiting clarity on product roadmap and cost structure
Canaccord Adams maintains a "sell", target price is $10.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $11.00

Macquarie Power & Infrastruct. (MPT.UN : TSX : $11.69)
Posts solid fourth quarter
TD Newcrest maintains a "action list buy", 12-month target price is raised to $12.00

Newport Partners Income Fund (NPF.UN : TSX : $6.90)
Recent share price appreciation offers attractive exit point
Blackmont Capital maintains a "sell", 12-month target price is $5.50

Osprey Media Income Fund (OSP.UN : TSX : $5.84)
Seasonally strong quarter comes in below expectations
CIBC World Markets maintains a "sector perform", target price is $6.00

Orezone Resources (OZN : TSX : $1.91 | AMEX : US$1.65)
Releases positive results from Kossa project
Canaccord Adams maintains a "speculative buy", target price is $2.45

Pan American Silver (PAA : TSX : $33.94)
Reserves Grew by 20% over 2005
RBC Capital Markets rates "outperform", no target price reported

PrimeWest Energy Trust (PWI.UN : TSX : $23.09)
Q4 in line
Scotia Capital Markets maintains "sector outperform", 12-month target price is $28.50

Ritchie Bros Auctioneers Inc. (RBA : TSX : $67.41 | NYSE : US$58.08)
Gross auction sales up 25% over last year
Blackmont Capital maintains "buy", 12-month target price is US$69.00

RONA Inc. (RON : TSX : $24.25)
Aggressive growth aspirations
Blackmont Capital maintains "buy", 12-month target price is $27.50
Canaccord Capital maintains "buy", 12-month target price is $30.00
CIBC World Markets maintains "sector outperform", 12-month target price is raised to $27.00
Desjardins Securities rates "buy", 12-month target price is $26.00
RBC Capital Markets rates "outperform", 12-month target price is $31.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $28.50

Saputo Inc. (SAP : TSX : $42.70)
Buy Land O'Lakes cheese
CIBC World Markets maintains "sector perform", 12-month target price is raised to $42.00
Desjardins Securities maintains "buy", 12-month target price is $50.00
TD Newcrest maintains "buy", 12-month target price is raised to $49.00

Somerset Entertainment (SOM.UN : TSX : $2.83)
Going private potential has created overvaluation
Raymond James maintains a "underperform", 6-12 month target price is $1.75

Tiberon Minerals Ltd (TBR : TSX : $3.63)
Taken out by Vietnamese investment bank
Haywood Securities drops coverage

Transcontinental Inc. (TCL.A : TSX : $21.96)
Newspaper outsourcing
Desjardins Securities maintains "hold", 12-month target price is $22.00

Trafalgar Energy (TFL : TSX : $4.17)
Operational update in line
Blackmont Capital maintains "buy", 12-month target price is $5.00

Tim Hortons (THI : TSX : $35.96)
Breakfast sandwich success
Blackmont Capital maintains "buy", 12-month target price is $43.00
RBC Capital Markets rates "outperform", 12-month target price is $41.00

Taseko Mines (TKO : TSX : $3.20)
Looking for undervalued opportunities
Raymond James maintains "outperform", 12-month target price is $5.00

TransCanada Corp. (TRP : TSX : $38.09 | NYSE : US$32.85)
Increases ownership in TC Pipelines
RBC Capital Markets rates "outperform", 12-month target price is $46.00

Torstar Corp. (TS.B : TSX : $18.00)
Free papers in Alberta
CIBC World Markets rates "sector underperform", 12-month target price is $19.00

UraMin Inc. (UMN : TSX : $5.68)
Uranium in Namibia
Canaccord Capital upgrades to "buy", 12-month target price is $6.58

Virginia Mines (VGQ : TSX : $6.08)
2007 exploration budget to exceed $16 million
Canaccord Capital maintains "speculative buy", 12-month target price is $7.25

Zargon Energy Trust (ZAR.UN : TSX : $25.45)
Future remains bright
CIBC World Markets maintains a "sector outperform", target price is $29.50