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Canadian Blue-chip Industrial Forum
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Stocks that should be on your radar screenSTOCKS THAT SHOULD BE ON YOUR RADAR SCREENTuesday, September 30, 2014 DARCY KEITH, JODY WHITEFinning International (FTT-TSX) Close: $32.11, down 34¢ Citing growing concerns that China's economic outlook is deteriorating and that demand for base metals and coal impact will fall as a result, CIBC World Markets analyst Jacob Bout downgraded Finning International Inc. to "sector perform" from "sector outperform." Finning provides rental equipment to the global mining industry. Target: Mr. Bout maintained a $35 price target. The consensus target is $34.95, according to Thomson Reuters data. Cervus Equipment (CVL-TSX) Close: $19.05, up 6¢ A prolonged harvest season due to cold weather, rain and snow in Western Canada should translate into good news for shareholders of Cervus Equipment Corp., said CIBC's Jacob Bout as he upgraded his rating to "sector outperform" from "sector perform." A prolonged and wet harvest is usually positive for farm-equipment dealerships, as it results in farmers using equipment for longer. Target: He raised his price target to $23 from $22. The consensus target is $23.26. Concordia Healthcare (CXR-TSX) Close: $36.18, up $1.21 Concordia Healthcare Corp. is entering the "sweet spot" in its growth trajectory as it executes a sound investment and operational strategy, RBC Dominion Securities analyst Douglas Miehm said in initiating coverage on the stock. "We view Concordia Healthcare as an exciting new specialty pharma company that has reached a level of maturity." Target: Mr. Miehm rates Concordia Healthcare "outperform" with a $46 price target. The consensus target is $44.38. Nike Inc. (NKE-NYSE) Close: $89.12 (U.S.), down 38¢ A "truly exceptional quarter" has earned Nike Inc. an upgrade from Credit Suisse analyst Christian Buss. The sports apparel giant posted first-quarter 2015 results that easily beat his expectations. "Increasingly, it looks like Nike will continue to capture market share at an elevated rate globally," he said. Target: Mr. Buss upgraded Nike to "outperform" from "neutral" and raised his target price to $100 (U.S.) from $80. The consensus target is $93.26. BlackBerry Ltd. (Nasdaq) Close: $10.23 (U.S.), down 3¢ Raymond James analyst Steven Li sees near term-opportunity and long-term uncertainty for BlackBerry Ltd. "Near-term, we expect a successful Passport launch could boost profitability, which would make it possible for BBRY to approach its cash flow breakeven target next quarter," Mr. Li said. Target: Mr. Li maintained his "market perform" rating and raised his target price to $10.50 (U.S.) from $10. The consensus target is $8.65. |
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