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Arctec

01/25/07 5:23 PM

#11578 RE: Arctec #11577

Ear on the Street

Alcan Inc. (AL : TSX : $58.00 | NYSE : US$49.19)
Higher costs at Gove
Blackmont Capital maintains a "buy", 12-month target price is cut to US$56.00
RBC Capital Markets maintains a "outperform", target price cut to US$64.00
TD Newcrest maintains a "action list buy", 12-month target price is US$62.00

Atrium Biotechnologies (ATB : TSX : $16.10)
Buying AquaCap Pharmaceutical
BMO Nesbitt Burns maintains a "market perform", target price raised to $18.00
Desjardins Securities maintains a "buy", target price raised to $19.50
GMP Securities reiterates "buy", target price raised to $25.50

Alimentation Couche-Tard (ATD.B : TSX : $26.58)
Outlook stronger
TD Newcrest upgrades to "action list buy", 12-month target price is raised to $33.00

Advantage Energy Income Fund (AVN.UN : TSX : $13.39 | AAV : NYSE : US$11.35)
Cuts distribution
BMO Nesbitt Burns maintains a "underperform", target price is $12.00
RBC Capital Markets maintains a "sector perform", target price is $10.25

Bronco Energy (BCF : TSX-V : $6.70)
Initial drill results in line with expectations
RBC Capital Markets maintains a "outperform", target price is $10.00

BTB REIT (BTB.UN : TSX-V : $2.30)
Early stage growth
Blackmont Capital initiates coverage with a "buy", 12-month target price is $2.60

Buhler Industries (BUI : TSX : $5.31)
A tough Q1
Blackmont Capital maintains "sell", 12-month target price is $4.90
Canaccord Adams maintains "sell", 12-month target price is $4.50
Raymond James maintains a "underperform", 6-12 month target price is $4.95

BlackWatch Energy Services (BWT.UN : TSX : $4.80)
Distribution cut
Blackmont Capital maintains a "buy", 12-month target price is raised to $5.75

Custom Direct Income Fund (CDI.UN : TSX : $8.45)
Considering strategic alternatives
TD Newcrest maintains a "buy", 12-month target price is $9.50

Calpine Power Income Fund (CF.UN : TSX : $12.75)
Offer for B shares revised
TD Newcrest maintains a "hold", 12-month target price is $12.25

Chariot Resources (CHD : TSX : $0.63)
Promising sample results
Raymond James maintains a "strong buy", 6-12 month target price is $1.30

Canadian Natural Resources (CNQ : TSX : $57.43)
Q4/06 results expected in the first week of March
Credit Suisse maintains a "outperform", target price is $80.00

Cardiome Pharma (COM : TSX : $13.20 | CRME : NASDAQ : US$11.17)
Successfully complete an equity offering
Canaccord Adams maintains "buy", 12-month target price is raised to $20.90

CryoCath Technologies (CYT : TSX : $2.75)
Recovery on track
Blackmont Capital upgrades to "buy", 12-month target price is raised to $4.00

Emera Inc. (EMA : TSX : $22.43)
2007 rate settlement proposal filed by NSPI
CIBC World Markets maintains a "sector underperform", target price is $21.00
RBC Capital Markets maintains a "sector perform", target price is $22.00

FirstService Corp. (FSV : TSX : $27.26 | FSRV : NASDAQ : US$23.09)
Acquisitions expand commercial real estate division
Raymond James maintains a "strong buy", 6-12 month target price is $32.50
TD Newcrest upgrades to "action list buy", 12-month target price is $33.00

Fortis Inc. (FTS : TSX : $27.31)
Current level attractive on relative basis
RBC Capital Markets maintains a "outperform", target price raised to $33.00

Far West Mining (FWM : TSX : $3.81)
Drilling confirms extent of mineralization in the Estrellita target
Blackmont Capital maintains "hold", 12-month target price is $4.75

Husky Energy (HSE : TSX : $75.70)
Q4 preview
Credit Suisse maintains "neutral", 12-month target price is $83.00

Imperial Oil (IMO : TSX : $39.93)
Q4 preview
Credit Suisse maintains "underperform", 12-month target price is $44.00

Liquor Barn Income Fund (LBN.UN : TSX : $8.32)
Acquisitions to fuel growth
Raymond James initiates coverage with a "outperform", 6-12 month target price is $9.50

Loblaw Companies (L : TSX : $50.67)
Will labour cuts benefit EPS?
CIBC World Markets maintains a "sector underperform", target price is $42.00
Credit Suisse maintains a "outperform", target price is $53.00
Desjardins Securities maintains a "hold", target price is $50.00
RBC Capital Markets maintains a "underperform", target price is $46.00
TD Newcrest maintains a "reduce", 12-month target price is $48.00

MGM Energy (MGX : TSX : $5.75)
New Street coverage
BMO Capital Markets initiates coverage with a "outperform", 12-month target price is $7.50

Midnight Oil Exploration (MOX : TSX : $1.87)
To release 2007 capex guidance
GMP Securities maintains "buy", 12-month target price is $4.25

Methanex Corp. (MX : TSX : $33.68 | MEOH : NASDAQ : US$28.49)
To report Q4 today
Raymond James maintains "underperform", 6-12 month target price is US$17.00

Newmont Mining (NMC : TSX : $51.89 | NEM : NYSE : US$43.95)
Reduced grades at Yanacocha and higher labor costs in Australia
RBC Capital Markets maintains "sector perform", 12-month target price is US$52.00

Nexen (NXY : TSX : $71.86)
Q4 preview
Credit Suisse maintains "neutral", 12-month target price is $76.00

Ondine Biopharma (OBP : TSX : $1.48)
Analysts updated model
Canaccord Adams maintains "buy", 12-month target price is cut to $4.50

Petro-Canada (PCA : TSX : $44.64)
Q4 preview
Credit Suisse maintains "outperform", 12-month target price is $68.00

Richelieu Hardware (RCH : TSX : $25.00)
Q4 preview
Blackmont Capital maintains "buy", 12-month target price is $27.50

Shell Canada (SHC : TSX : $45.25)
Q4 preview
Credit Suisse maintains "underperform", 12-month target price is $40.00

Suncor Energy (SU : TSX : $88.92)
Q4 preview
Credit Suisse maintains "outperform", 12-month target price is $110.00

Savanna Energy Services (SVY : TSX : $18.49)
Sold the wireline operations to Halliburton
Canaccord Adams maintains "buy", 12-month target price is $26.00
RBC Capital Markets maintains "top pick", 12-month target price is $27.00
TD Newcrest maintains "hold", 12-month target price is $21.00

Trilogy Energy Trust (TET.UN : TSX : $10.99)
Cuts distribution by 38%
Blackmont Capital maintains "buy", 12-month target price is $12.50

Theratechnologies (TH : TSX : $9.83)
Detailed Phase III data shows strong competitiveness of Th9507
BMO Capital Markets maintains "outperform", 12-month target price is raised to $13.50

TerraVest Income Fund (TI.UN : TSX : $6.47)
Distribution cut by 28%
Raymond James maintains "market perform", 6-12 month target price is cut to $6.50
RBC Capital Markets maintains "underperform", 12-month target price is $6.00
TD Newcrest upgrades to "hold", 12-month target price is raised to $6.00

Talisman Energy (TLM : TSX : $19.20)
Q4 preview
Credit Suisse maintains "neutral", 12-month target price is $23.00

TransCanada Corp. (TRP : TSX : $39.78)
New Street coverage
Desjardins Securities initiates coverage with a "buy", 12-month target price is $43.00

WebTech Wireless Inc. (WEW : TSX-V : $5.60)
New Street coverage
Haywood Securities initiates coverage with a "sector outperform", 12-month target price is $10.50

Whiterock REIT (WRK.UN : TSX : $14.08)
Seeks acquisition or merger proposals
RBC Capital Markets maintains "sector perform", 12-month target price is $14.00

XS Cargo Income Fund (XSC.UN : TSX : $9.27)
Q4 profit warning
CIBC World Markets maintains "sector perform", 12-month target price is cut to $10.00

Yukon Zinc (YZC : TSX-V : $0.31)
Optimized feasibility study on the Wolverine project shows stronger returns
Blackmont Capital maintains "buy", 12-month target price is $0.74