CANADA RESEARCH ROUNDUP-Boralex, Fortis, Western Forest Products
RTR North American Financial News
Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Boralex, Fortis and Western Forest Products, on Tuesday.
HIGHLIGHTS
* Boralex Inc BLX.TO : CIBC cuts target price to C$46 from C$50
* Fortis Inc FTS.TO : CIBC cuts target price to C$54 from C$63
* Western Forest Products Inc WEF.TO : RBC cuts to sector perform from outperform
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Atco Ltd ACOx.TO : CIBC cuts target price to C$49 from C$55
* Boralex Inc BLX.TO : CIBC cuts target price to C$46 from C$50
* Cameco Corp CCO.TO : TD Securities cuts target price to C$40 from C$45
* Canadian Utilities Ltd CU.TO : CIBC cuts target price to C$36 from C$41
* Capital Power Corp CPX.TO : CIBC cuts target price to C$46 from C$50
* Chartwell Retirement Residences CSH_u.TO : Scotiabank cuts PT to C$10 from C$12.50
* Critical Elements Lithium CRE.V : Canaccord Genuity initiates with speculative buy
rating; C$3.50 PT
* Diversified Royalty Corp DIV.TO : Canaccord Genuity raises target to C$3.5 from C$3
* Emera Inc EMA.TO : CIBC cuts target price to C$55 from C$66
* Endeavour Mining Plc EDV.TO : Canaccord Genuity raises target price to C$46 from C$45
* Fortis Inc FTS.TO : CIBC cuts target price to C$54 from C$63
* GDI Integrated Facility Services Inc GDI.TO : Scotiabank raises PT to C$53 from C$52.50
* Hydro One Ltd H.TO : CIBC cuts target price to C$35 from C$37
* Innergex Renewable Energy Inc INE.TO : CIBC cuts target price to C$20 from C$23
* Northland Power Inc NPI.TO : CIBC cuts target price to C$44 from C$49
* Patriot Battery Metals PMET.V : Canaccord Genuity initiates with speculative buy rating;
C$9.75 PT
* Small pharma Inc DMT.V : Canaccord Genuity cuts target price to C$0.75 from C$1
* Transalta Corp TA.TO : CIBC cuts target price to C$16 from C$17.5
* Transalta Renewables Inc RNW.TO : CIBC cuts target price to C$17 from C$19
* Western Forest Products Inc WEF.TO : RBC cuts to sector perform from outperform
* Western Forest Products Inc WEF.TO : RBC cuts target price to C$1.75 from C$2.25
(Compiled by Bengaluru Newsroom)