Boralex, Guardian Capital Group, West 49: Canada Equity Preview
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By Nikolaj Gammeltoft
Dec. 11 (Bloomberg) -- Shares of the following companies may have unusual moves in Canadian trading on Dec. 14. Stock symbols are in parentheses.
The Standard & Poor’s/TSX Composite Index fell 40.64 points, or 0.4 percent, to 11,423.93.
Boralex Inc. (BLX CN): The hydroelectric and thermal power producer said in a statement on PR Newswire it will reduce dividend to unit holders from 70 cents to 40 cents per trust unit on an annualized basis.
Guardian Capital Group Ltd. (GCG/A CN): The Toronto-based financial services company was downgraded to “sector perform” from “sector outperform” at Scotia Capital by equity analyst Phil Hardie. The price estimate is C$9.50 per share.
West 49 Inc. (WXX CN): The skateboarding, snowboarding and surfing apparel retailer was raised to “neutral” from “sell” at Versant Partners by equity analyst Neil Linsdell. The 12- month price estimate is 50 cents per share.
To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net
Last Updated: December 11, 2009 17:44 EST
