Canada Research Roundup: Aurora Cannabis, Fortis, Toromont Industries

Aurora Cannabis

Wed 07:49

Nov 4 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including Aurora Cannabis, Fortis and Toromont Industries, on Wednesday. 
     
HIGHLIGHTS   
     
* Aurora Cannabis Inc. ACB.TO: TD Cowen cuts sell from buy
* Fortis Inc. FTS.TO: CIBC raises target price to C$85 from C$81 
* MTY Food Group Inc MTY.TO: Scotiabank raises target price to C$40 from C$36 
* Toromont Industries Ltd TIH.TO: CIBC raises to outperformer from neutral 
* Wajax Corp WJX.TO: TD Cowen raises PT to C$41 from C$36 
     
Following is a summary of research actions on Canadian companies reported by Reuters on Wednesday. Stock entries are in alphabetical order.
       
* 5N Plus Inc. VNP.TO: Scotiabank raises target price to C$39 from C$37 
* Aecon Group Inc. ARE.TO: RBC raises target price to C$62 from C$53 
 * Air Canada AC.TO: Jefferies cuts target price to C$18 from C$19 
* Aurora Cannabis Inc. ACB.TO: TD Cowen cuts PT to C$7.8 from C$8 
* Aurora Cannabis Inc. ACB.TO: TD Cowen cuts sell from buy
* Blue Moon Metals Inc. MOON.V: Scotiabank cuts target price to C$11.5 from C$14 
 * Carrier Connect Data Solutions Inc CCDS.V: Canaccord Genuity initiates with speculative buy rating
 * Carrier Connect Data Solutions Inc CCDS.V: Canaccord Genuity initiates with PT C$3 
* Cavvy Energy Limited CVVY.TO: Ventum Financial raises PT to C$3 from C$2.5 
* Element Fleet Management Corp. EFN.TO: TD Cowen cuts target price to C$22 from C$31 
* Element Fleet Management Corp. EFN.TO: TD Cowen cuts to hold from buy
* Ero Copper Corp. ERO.TO: Canaccord Genuity cuts target price to C$56 from C$59 
* Fairfax Financial Holdings Ltd FFH.TO: ATB Cormark Capital Markets PT to outperform from sector perform
* Fairfax Financial Holdings Ltd FFH.TO: ATB Cormark Capital Markets ups PT to C$2,850 from C$2,500 
* Fortis Inc. FTS.TO: CIBC raises target price to C$85 from C$81 
* Fortis Inc. FTS.TO: National Bank of Canada raises PT to C$84 from C$83 
* Fortis Inc. FTS.TO: Raymond James cuts to market perform from outperform
* Fortis Inc. FTS.TO: Raymond James raises target price to C$86.5 from C$85.5 
* Fortis Inc. FTS.TO: RBC raises target price to C$90 from C$89 
* Fortis Inc. FTS.TO: Scotiabank raises target price to C$83 from C$78 
* Fortis Inc. FTS.TO: TD Cowen raises target price to C$90 from C$87 
* Gibson Energy Inc. GEI.TO: ATB Cormark Capital Markets ups PT to C$39 from C$37 
* Gibson Energy Inc. GEI.TO: CIBC raises target price to C$35 from C$34 
* Gibson Energy Inc. GEI.TO: National Bank of Canada raises PT to C$35 from C$34 
* Gibson Energy Inc. GEI.TO: Raymond James raises target price to C$38 from C$37 
* Gibson Energy Inc. GEI.TO: RBC raises target price to C$34 from C$33 
* Gibson Energy Inc. GEI.TO: TD Cowen raises target price to C$40 from C$36 
* Intact Financial Corp IFC.TO: Raymond James raises target price to C$315 from C$305 
* Ivanhoe Mines Ltd. IVN.TO: Raymond James cuts target price to C$12 from C$15.5 
* Ivanhoe Mines Ltd. IVN.TO: Stifel cuts target price to C$12.5 from C$17 
* Ivanhoe Mines Ltd. IVN.TO: Stifel cuts to hold from buy
* Ivanhoe Mines Ltd. IVN.TO: TD Cowen cuts target price to C$9 from C$14 
* Ivanhoe Mines Ltd. IVN.TO: TD Cowen cuts to hold from buy
* MTY Food Group Inc MTY.TO: Scotiabank raises target price to C$40 from C$36 
* PHX Energy Services PHX.TO: ATB Cormark Capital Markets cuts PT to C$13.25 from C$15.5
* PHX Energy Services PHX.TO: ATB Cormark Capital Markets cuts to sector perform from outperform
* Riocan REIT REI_u.TO: Raymond James ups PT to C$24 from C$23.5 
* Riocan REIT REI_u.TO: Scotiabank raises target price to C$23.5 from C$22.5 
* RPX Gold Inc RPX.V: Haywood Securities cuts target price to C$0.25 from C$1.00 
* Shopify Inc. SHOP.TO: ATB Cormark Capital Markets raises PT to C$237 from C$234 
* Spartan Delta Corp. SDE.TO: TD Cowen cuts target price to C$16 from C$17 
 * Spin Master Corp TOY.TO: ATB Cormark Capital Markets cuts target to C$30 from C$39 
* Thinkific Labs Inc THNC.TO: Canaccord Genuity raises PTto C$2.25 from C$1.75 
* Thinkific Labs Inc THNC.TO: CIBC raises target price to C$2.25 from C$1.50 
* Thomson Reuters Corp TRI.TO: National Bank of Canada raises PT to C$190 from C$180 
* Toromont Industries Ltd TIH.TO: BMO raises target price to C$250 from C$248 
* Toromont Industries Ltd TIH.TO: Canaccord Genuity cuts PT to C$250 from C$260 
* Toromont Industries Ltd TIH.TO: CIBC raises target price to C$256 from C$242 
* Toromont Industries Ltd TIH.TO: CIBC raises to outperformer from neutral 
* Toromont Industries Ltd TIH.TO: National Bank of Canada cuts PT to C$254 from C$261 
* Toromont Industries Ltd TIH.TO: Stifel raises target price to C$260 from C$250 
* Transalta Corporation TA.TO: CIBC raises target price to C$25 from C$24.50 
* Wajax Corp WJX.TO: National Bank of Canada cuts target price to C$39 from C$42 
* Wajax Corp WJX.TO: Scotiabank cuts target price to C$37 from C$38 
* Wajax Corp WJX.TO: TD Cowen raises PT to C$41 from C$36 
* Wajax Corp WJX.TO: TD Cowen raises to buy from hold
* Western Investment Company of Canada WI.V: Raymond James ups PT to C$1.55 from C$1.25 
       

(Compiled by Bengaluru Newsroom)
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