Ear on the Street
ACE Aviation Holdings (ACE.B : TSX : $30.66)
Analyst changes valuation based on Air Canada & Jazz
Scotia Capital Markets maintains "sector perform", 12-month target price is raised to $37.25
Addenda Capital (ADV : TSX : $23.18)
New Street coverage
TD Newcrest initiates coverage with a "buy", 12-month target price is $27.00
Ag Growth Income Fund (AFN.UN : TSX : $20.65)
Q4 in line
Canaccord Adams maintains "hold", 12-month target price is raised to $20.70
TD Newcrest maintains "buy", 12-month target price is raised to $22.00
Agrium (AGU : TSX : $44.00 | NYSE : US$37.43)
Higher forecast for nitrogen fertilizer prices
RBC Capital Markets maintains "sector perform", 12-month target price is raised to $42.00
Alcan Inc. (AL : TSX : $61.15 | NYSE : US$52.00)
Chinese statistics indicate better-than-expected aluminium market
Desjardins Securities maintains "top pick", 12-month target price is US$75.00
Amtelecom Income Fund (AMT.UN : TSX : $13.45)
Rejects Bell Aliant offer
Canaccord Adams maintains "buy", 12-month target price is $14.00
Artis REIT (AX.UN : TSX : $16.18)
New Street coverage
CIBC World Markets initiates coverage with a "sector outperform", 12-month target price is $19.00
Bear Ridge Resources (BER : TSX : $1.54)
Q4 production and net debt in line
GMP Securities maintains "buy", 12-month target price is $2.00
BFI Canada Income Fund (BFC.UN : TSX : $26.65)
Plans for a new landfill in the Calgary area
RBC Capital Markets upgrades to "sector perform", 12-month target price is raised to $27.00
Biovail (BVF : TSX : $24.53 | NYSE : US$20.92)
Strong Q4
BMO Capital Markets maintains "outperform", 12-month target price is raised to US$26.00
CIBC World Markets maintains "sector perform", 12-month target price is US$22.00
RBC Capital Markets maintains "outperform", 12-month target price is US$24.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $22.00
COM DEV International (CDV : TSX : $5.85)
Q1 beats expectations
BMO Capital Markets maintains "outperform", 12-month target price is cut to $7.50
CIBC World Markets maintains "sector outperform", 12-month target price is $8.00
GMP Securities maintains "buy", 12-month target price is $7.60
Haywood Securities maintains "sector outperform", 12-month target price is $8.00
Cangene Corp. (CNJ : TSX : $8.01)
Lower Q2 revenues
RBC Capital Markets maintains "sector perform", 12-month target price is $10.00
Coastal Contacts Inc. (COA : TSX : $0.99)
Mixed Q1
Canaccord Adams maintains "buy", 12-month target price is cut to $1.35
Labopharm Inc. (DDS : TSX : $6.90)
Releases financial results
Blackmont Capital maintains a "buy", 12-month target price is $10.00
Digital Dispatch Systems Inc. (DD : TSX : $3.09)
Fourth-quarter a mixed bag; outlook disappointing
GMP Securities maintains a "hold", target price cut to $3.00
Ember Resources (EBR : TSX : $2.80)
2006 results meet estimates
BMO Nesbitt Burns maintains a "market perform", target price is $3.25
Raymond James maintains "market perform", 6-12 month target price is $2.50
Empire Company (EMP.A : TSX : $41.00)
Weak Q3
Scotia Capital Markets maintains "sector perform", 12-month target price is $44.50
EPCOR Power L.P. (EP.UN : TSX : $26.40)
Good Q4 results
BMO Nesbitt Burns maintains a "market perform", target price cut to $26.50
Canaccord Adams maintains a "buy", target price is $28.00
CIBC World Markets maintains "sector perform", 12-month target price is $27.00
Desjardins Securities reiterates "hold", target price is $27.00
RBC Capital Markets maintains a "underperform", target price cut to $25.50
Scotia Capital Markets maintains "sector perform", 12-month target price is $26.00
TD Newcrest maintains a "hold", 12-month target price is $27.25
Flint Energy Services Ltd. (FES : TSX : $25.98)
Future looking bright
Blackmont Capital maintains a "buy", 12-month target price is $38.50
TD Newcrest maintains a "buy", 12-month target price is $36.00
First Uranium (FIU : TSX : $9.97)
Updating valuation
RBC Capital Markets maintains a "outperform", target price cut to $12.00
CHC Helicopter (FLY.A : TSX : $22.89 | FLI : NYSE : US$19.50)
Lower Q3 results
RBC Capital Markets maintains "underperform", 12-month target price is $24.00
First Quantum Minerals (FM : TSX : $64.09)
Weaker than expected fourth quarter; outlook remains strong
CIBC World Markets maintains a "sector perform", target price is $70.00
RBC Capital Markets rates a "outperform", target price cut to $80.00
Gateway Casinos Income Fund (GCI.UN : TSX : $19.50)
Weaker than expected fourth-quarter results
Blackmont Capital maintains a "hold", 12-month target price is $19.00
RBC Capital Markets maintains a "outperform", target price not provided
Scotia Capital Markets maintains "sector outperform", 12-month target price is $20.50
CGI Group (GIB.A : TSX : $9.82)
Takeover speculation
CIBC World Markets maintains "sector perform", 12-month target price is $9.50
Golden Star Resources (GSC : TSX : $4.59 | GSS : AMEX : US$3.89)
Time for management to deliver
CIBC World Markets maintains a "sector perform", target price raised to US$4.50
Iamgold Corp. (IMG : TSX : $8.81 | IAG : NYSE : US$7.50)
Earnings reduced on higher depreciation, but shares remain very cheap
Blackmont Capital maintains a "buy", 12-month target price is cut to $12.50
Canaccord Adams maintains a "buy", target price is US$12.00
Morneau Sobeco Income Fund (MSI.UN : TSX : $12.02)
Fourth-quarter in line; increases distribution
BMO Nesbitt Burns maintains a "outperform", target price raised to $12.50
180 Connect Inc. (NCT.U : TSX : $2.30)
Further signs of improvement
BMO Nesbitt Burns maintains a "market perform", target price raised to $3.00
GMP Securities maintains a "buy", target price is $3.00
Nortel Networks Corp. (NT : TSX : $31.95 | NYSE : US$27.13)
Little surprises expected from results
RBC Capital Markets maintains a "sector perform", target price is US$32.00
Open Range Energy (ONR : TSX : $2.65)
Q4 came in as expected
Canaccord Adams maintains "buy", 12-month target price is $4.00
GMP Securities maintains "buy", 12-month target price is $4.75
RBC Capital Markets maintains "outperform", 12-month target price is $4.00
Pembina Pipeline Income Fund (PIF.UN : TSX : $16.29)
2006 EPU lower than expected
BMO Capital Markets maintains "market perform", 12-month target price is $15.00
TD Newcrest maintains "hold", 12-month target price is raised to $14.50
Potash Corp. of Saskatchewan (POT : TSX : $180.32 | NYSE : US$153.50)
Price increases gaining momentum
RBC Capital Markets rates "outperform", 12-month target price is raised to US$180.00
Radiant Communications (RCN : TSX-V : $1.05)
Attractive takeover candidate
Haywood Securities rates "sector outperform", 12-month target price is $1.70
Real Resources (RER : TSX : $8.84)
Reserve revisions
Raymond James maintains "strong buy", 6-12 month target price is cut to $19.50
RBC Capital Markets rates "sector perform", 12-month target price is $12.00
Scotia Capital Markets maintains "sector perform", 12-month target price is $12.00
Rogers Sugar Income Fund (RSI.UN : TSX : $4.00)
Declining gas price is postivie for Rogers
Scotia Capital Markets maintains "sector perform", 12-month target price is $4.15
SemBioSys Genetics (SBS : TSX : $3.02)
Well financed with plenty of news flow
Canaccord Capital maintains "buy", 12-month target price is $7.70
Raymond James maintains "strong buy", 6-12 month target price is cut to $9.50
SFK Pulp Fund (SFK.UN : TSX : $4.93)
Results below expectation
RBC Capital Markets rate "underperform", no target price reported
Energy Savings Income Fund (SIF.UN : TSX : $13.04)
Ontario electricity target margins increased
Haywood Securities maintains a "sector outperform", target price is $15.00
TD Newcrest maintains a "hold", 12-month target price is $14.00
SNC-Lavalin Group (SNC : TSX : $34.85)
Acquiring Spain company
Scotia Capital Markets maintains "sector outperform", 12-month target price is $39.00
Sound Energy Trust (SND.UN : TSX : $3.99)
Challenges continue
TD Newcrest maintains "hold", 12-month target price is cut to $4.50
Strongco Income Fund (SQP.UN : TSX : $8.99)
Distribution cut announced
BMO Nesbitt Burns maintains "market perform", 12-month target price is cut to $10.00
Desjardins Securities rates "hold", 12-month target price is cut to $11.00
Sherritt International (S : TSX : $15.57)
Record highs in Nickel
Desjardins Securities rates "buy", 12-month target price is $19.15
Stylus Energy (STY : TSX : $2.00)
Results below expectation
BMO Nesbitt Burns maintains "market perform", 12-month target price is $3.00
Savanna Energy Services (SVY : TSX : $18.65)
Q4/06 results released
RBC Capital Markets rates "top pick", no target price reported
Transcontinental Inc. (TCL.A : TSX : $20.99)
Q1/07 results
BMO Nesbitt Burns rates "market perform", 12-month target price is $23.00
CIBC World Markets maintains "sector perform", 12-month target price is $24.00
Desjardins Securities rates "hold", 12-month target price is $22.00
RBC Capital Markets rates "outperform", 12-month target price is $25.00
Scotia Capital Markets maintains "sector outperform", 12-month target price is $24.75
TD Newcrest maintains "hold", 12-month target price is $23.00
TLC Vision Corporation (TLC : TSX : $6.23 | TLCV : NASDAQ : US$5.31)
Weak Q4
Scotia Capital Markets maintains "sector underperform", 12-month target price is $5.00
Talisman Energy (TLM : TSX : $18.84 | NYSE : US$16.05)
Southeast Asian portfolio tended to be overlooked
Scotia Capital Markets maintains "sector outperform", 12-month target price is $24.75
20-20 Technologies (TWT : TSX : $7.01)
Margins slightly weaker than expected
BMO Nesbitt Burns rates "market perform", 12-month target price is $ 7.50
TD Newcrest rates "buy", 12-month target price is $8.50
Vault Energy Trust (VNG.UN : TSX : $4.24)
Q4 cash flow down 63% from last year
Canaccord Capital maintains "buy", 12-month target price is $6.00
Scotia Capital Markets upgrades to "sector perform", 12-month target price is $4.50
West Energy Ltd. (WTL : TSX : $3.59)
Solid year end reserve growth
GMP Securities maintains "buy", 12-month target price is $8.00
