Canada Research Roundup: Bombardier, Canadian Natural Resources, Detour Gold

Alderon Iron Ore

13/07/2015 11:50

July 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
Canadian companies, including Bombardier, Canadian Natural Resources and Detour Gold, on Monday. 
     
    HIGHLIGHTS     
    * Bombardier Inc  BBDb.TO : Sterne Agee raises to neutral from underperform 
    * Canadian Natural Resources  CNQ.TO : Barclays raises target to C$42 from C$40; overweight 
    * Detour Gold  DGC.TO , Primero Mining  P.TO : Desjardins raises to buy from hold 
 
    
Following is a summary of research actions on Canadian companies reported by Reuters on Monday. 
Stock entries are in alphabetical order. 
      
    * Alderon Iron Ore  ADV.TO : Desjardins cuts price target to C$0.25 from C$0.40; rating hold 
    * Bombardier Inc  BBDb.TO : Sterne Agee raises to neutral from underperform 
    * Canadian National Railway Co  CNR.TO : Desjardins cuts target price to C$83 from C$89  
    * Canadian Natural Resources  CNQ.TO : Barclays raises target to C$42 from C$40; overweight 
    * Canadian Oil Sands Ltd  COS.TO : Barclays raises price target to C$8 from C$6; underweight 
    * Canadian Pacific Railway Ltd  CP.TO : Desjardins cuts target price to C$236 from C$263  
    * Detour Gold  DGC.TO : Desjardins raises to buy from hold 
    * Home Capital Group  HCG.TO : NBF cuts target price to C$50 from C$51; sector perform 
    * Home Capital Group  HCG.TO : RBC cuts to underperform from sector perform 
    * Home Capital Group  HCG.TO : RBC cuts price target to C$39 from C$48 
    * Hudbay Minerals  HBM.TO : Desjardins raises price target to C$13.75 from C$13; rating hold 
    * IAMGOLD Corp  IMG.TO : RBC cuts to underperform from sector perform 
    * Labrador Iron Ore Royalty  LIF.TO : Desjardins cuts price target to C$18 from C$19.25; buy 
    * Mandalay Resources Corp  MND.TO : Desjardins cuts price target to C$1.50 from C$1.60  
    * MEG Energy Corp  MEG.TO : Barclays raises price target to C$20 from C$18; overweight 
    * Nevada Copper Corp  NCU.TO : Desjardins cuts price target to C$2.50 from C$3; rating buy  
    * New Gold Inc  NGD.TO : Desjardins cuts price target to C$5 from C$5.50 
    * Primero Mining  P.TO : Desjardins raises to buy from hold 
    * Primero Mining  P.TO : Desjardins raises price target to C$6.25 from C$5.75 
    * Sherritt International  S.TO : Desjardins cuts price target to C$2.10 from C$2.25; hold 
    * Taseko Mines Ltd  TKO.TO : Desjardins cuts price target to C$1.75 from C$1.90; rating buy  
    * Teck Resources  TCKb.TO : Desjardins cuts price target to C$18 from C$18.50; rating buy    
     
 
 (Compiled by Geetha Panchaksharam in Bengaluru) 
 ((Bangalore.EditorialSupport@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 
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Keywords: RESEARCH CANADA/