Among the companies whose shares are making notable moves in Tuesday's session are Rona Inc. (RON.T), Just Energy Group Inc. (JE.T) and Gildan Activewear Inc. (GIL).
Rona (C$11.62, down 6.1%) said adjusted earnings fell to 4 Canadian cents from 5 Canadian cents in the fourth quarter. Revenue was hurt by poor weather in Ontario and Quebec, and same-store sales shrank 3.5%. The latest earnings were below analyst expectations.
National Bank upgraded Just Energy (C$8.78, up 5.8%) to outperform from sector perform, citing the "surprisingly good" third-quarter results released last week. National Bank also raised its price target on the stock to C$9.50 from C$7.00 on expectations of higher EBITDA and discounted cash flow in 2015.
T-shirt maker Gildan Activewear (C$56.10, down 2.5%) said Chief Executive Glenn J. Chamandy plans to sell up to 1 million of his Gildan shares over an 11-month period. Chamandy will remain Gildan's largest shareholder after the sale. National Bank kept its outperform rating on the stock unchanged, saying it doesn't view the sale as a negative for the stock.
