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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, July 7, 2015 AHMAD HATHOUTCanWel Building (CWX-TSX) Close: $6.07, up 25¢ Canaccord Genuity has upgraded shares of CanWel Building Materials Group Ltd. to "speculative buy" from "hold" in light of its acquisition of California Cascade Industries. The $56.6-million (U.S.) acquisition is CanWel's dip into the U.S. building products and pressure-treated wood products markets. It provides CanWel with "exposure to the booming Californian housing market." Target: Canaccord raised its target price to $6.50 from $5.50. The consensus is $6.75, according to Thomson Reuters. EnerCare Solutions Inc. (ECI-TSX) Close: $13.58, up 36¢ EnerCare Solutions Inc. has been upgraded to a "buy" from a "hold" by Desjardins Capital Markets. "Recent selling pressure on the shares has prompted us to revisit our recommendation. The company is benefiting from traction stemming from its strategy to add high-value customers (eg. through HVAC rentals), as well as less aggressive competition and favourable regulatory changes." Target: Desjardins left its target price unchanged at $15.50. The consensus is $16.40. Jean Coutu Group (PJC.A-TSX) Close: $22.30, down 63¢ Desjardins Capital Markets is reducing its target price but maintaining its "hold" rating on Jean Coutu Group (PJC) Inc. as a "precautionary measure" after the drugstore chain based in Longueuil, Que., warned that regulatory change may be coming in the province, including a potential reduction in dispensing fees. Target: "Until more is known, we have reduced our target price by $2.50 to $23 as a precautionary measure," Desjardin said. The consensus is $24.25. Crius Energy Trust (KWH.UN-TSX) Close: $7.65, down 10¢ Desjardins Capital Markets increased its price target of Crius Energy Trust after the U.S.-based provider of electricity, natural gas and solar products closed a $46million offering and used the money to increase its indirect ownership stake in Crius Energy LLC to 43.1 per cent from 26.8 per cent. Target: The firm reiterated its "buy" rating and increased its price target to $10.25 from $9.50. The consensus is $11.76. Alamos Gold Inc. (AGI-TSX) Close: $6.99, down 37¢ The strength of the merger between Alamos Gold Inc. and AuRico Gold Inc. has led Canaccord Genuity to increase its target price for Alamos. "In our opinion, the combination of both companies creates a higher quality intermediate gold producer than either of the companies on a stand-alone basis." Target: Canaccord maintained its "hold" rating but boosted its price target on Alamos Gold to $9 from $8.50. The consensus is $11.77. |
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