Canada Research Roundup: Hexo, Loop Energy, Transalta Renewables

American Lithium

16/12/2022 06:53

Dec 16 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Hexo, Loop Energy and Transalta Renewables, on Friday. 
    HIGHLIGHTS    
     * Hexo Corp  HEXO.TO : CIBC raises to neutral from underperformer
     * Loop Energy Inc  LPEN.TO : Canaccord Genuity cuts to hold from speculative buy
     * Transalta Renewables Inc  RNW.TO : CIBC cuts to neutral from outperformer
 Following is a summary of research actions on Canadian companies reported by Reuters on Friday.
Stock entries are in alphabetical order. 
     * American Lithium  LI.V : National Bank of Canada initiates with outperform rating; C$6.25 PT
     * Canadian National Railway Co  CNR.TO : National Bank of Canada ups PT to C$175 from C$173
     * Canadian Pacific Railway Ltd  CP.TO : National Bank of Canada ups PT to C$106 from C$105
     * Cineplex Inc  CGX.TO : Canaccord Genuity cuts target price to C$12.25 from C$13
     * Empire Company Ltd  EMPa.TO : CIBC cuts target price to C$42 from C$45
     * Empire Company Ltd  EMPa.TO : Scotiabank cuts target price to C$42 from C$42.5
     * Hexo Corp  HEXO.TO : Canaccord Genuity cuts target price to C$0.20 from C$0.25
     * Hexo Corp  HEXO.TO : CIBC raises to neutral from underperformer
     * Loop Energy Inc  LPEN.TO : Canaccord Genuity cuts to hold from speculative buy
     * Loop Energy Inc  LPEN.TO : Canaccord Genuity cuts target price to C$1.50 from C$2.75
     * Noranda Income Fund  NIF_u.TO : TD Securities raises target price to C$1 from C$0.5
     * Transalta Renewables Inc  RNW.TO : CIBC cuts to neutral from outperformer
     * Transalta Renewables Inc  RNW.TO : CIBC cuts target price to C$15 from C$17
     * Transalta Renewables Inc  RNW.TO : Scotiabank cuts target price to C$15 from C$17
     * Yangarra Resources  YGR.TO : Atb Capital Markets raises to outperform from sector perform
     * Yangarra Resources  YGR.TO : Atb Capital Markets cuts target price to C$3.8 from C$4
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))