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Eye on Equities-G&MEye on Equities-G&M EYE ON EQUITIES / STOCKS THAT SHOULD BE ON YOUR RADAR SCREEN Friday, June 15, 2012 SHIRLEY WON Black Diamond Group Ltd. (BDI-TSX) Close: $22.40, up 4¢ Black Diamond, an oil field services company that rents and sells buildings used by resource companies in remote places, has "multi-years of growth potential," said Raymond James analyst Andrew Bradford. The firm just hiked its capital spending budget because of potential accommodation contracts this year. Upside: The analyst, who maintains a "strong buy" rating, raised his one-year target to $28.50 a share from $27.50. Descartes Systems Group (DSG-TSX) Close: $8.59, up 13¢ The acquisition of Integrated Export Systems Ltd. along with last week's purchase of Dutch-based Infodis B.V. gives Descartes, a logistics software company, a significantly larger market presence in the Asia Pacific region, said M Partners analyst Ron Shuttleworth. The area represented 6 per cent of first-quarter revenue. Upside: He raised his one-year target to $12.25 a share from $12, and maintained his "buy" rating. ADF Group Inc. (DRX-TSX) Close: $1.16, unchanged ADF, a Quebec-based steel fabricator, reported weaker first-quarter profit. It has "limited earnings visibility," and potentially steeper losses heading into fiscal 2014 if industry conditions don't improve, said Stonecap Securities analyst Chris Blake. Downside: He cut his one-year target to $1.50 a share from $1.75, and maintained his "sector perform" rating. Celtic Exploration Ltd. (CLT-TSX) Close: $11.97, up 89¢ BMO Nesbitt Burns analyst Jim Byrne upgraded his rating on Celtic, an oil and gas producer, because of recent price weakness, but "remains cautious on gas-weighted producers over the next several months given the natural gas storage overhang, particularly in Canada." Upside: He raised his rating on the stock to market perform, but cut his one-year target to $14 a share from $14.50. Allied Nevada Gold Corp. (ANV-TSX) Close: $30.31, down 8¢ Allied Nevada Gold Corp., the Nevada-based gold producer, which recently raised $389-million (U.S.) from a high-yield debt offering, has "one of the largest net debt positions relative to its production profile" compared with many peers, said Desjardins Securities analyst Brian Christie. Downside: The analyst cut his one-year target to $50 a share from $52, but maintains a "buy" rating. |
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