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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 SCREENFreshii (FRII-TSX) Close: $14.75, up 74¢ Freshii Inc. brings investors an attractive investment opportunity, according to RBC Dominion Securities Inc. analyst Sabahat Khan. Believing the Torontobased company can successfully deliver against its network expansion and earnings-growth targets, he initiated coverage of the stock with an "outperform" rating. Target: Mr. Khan set a price target of $17. The analyst average is $16.73. Fairfax Financial (FFH-TSX) Close: $614.45, down $3.55 There are "not enough of the right growth levers" for Fairfax Financial Holdings Ltd., said CIBC World Markets Inc. analyst Paul Holden, who downgraded his rating for the stock to "underperformer" from "neutral." "We think the outlook for growth does not support a premium relative to its historical average," he said. Target: He reduced his price target to $600 from $650. The analyst consensus is $715.62. Choice Properties (CHP.UN-TSX) Close: $14.17, down 13¢ Choice Properties Real Estate Investment Trust's strategy remains on track and there's "plenty of pipeline left," said BMO Nesbitt Burns Inc. analyst Troy MacLean. "We believe CHP REIT is fairly valued due to the defensive nature of its groceryanchored portfolio and development pipeline," he said. Target: Mr. MacLean maintained his "market perform" rating with a target of $15 a unit, up from $14.50. Consensus is $14.47. Celestica (CLS-NYSE) Close: $14.05 (U.S.), up 16¢ Celestica Inc.'s current valuation discount is "undeserved," said Canaccord Genuity Group Inc. analyst Robert Young. "The EMS [electronics-manufacturing services] neighbourhood appears to be improving but despite strong quarterly performance, Celestica continues to trail its peers on valuation," Mr. Young said. Target: With a "buy" rating for the stock (unchanged), he raised his target to $16.25 (U.S.) from $14.25. Consensus is $13.90. Boardwalk REIT (BEI.UN-TSX) Close: $44.01, down $1.61 Boardwalk Real Estate Investment Trust felt the impact of low oil prices and increased apartment vacancies in key western Canadian markets in the fourth quarter, said BMO Nesbitt Burns analyst Heather Kirk."It was a rough end to a challenging year" Ms. Kirk said. Target: With a "market perform" rating, she lowered her target price to $40 (Canadian) from $42.50. Consensus is $44.73. |
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