Feb 9 (Reuters) - Securities analysts revised their ratings and price targets for several Canadian companies on Monday, including ARC Resources, CIBC and Scotiabank.
HIGHLIGHTS
* ARC Resources Ltd ARX.TO: CIBC cuts to neutral from outperform
* CIBC CM.TO: TD Cowen raises target price to C$142 from C$134
* ERO Copper Corp ERO.TO: BofA Global Research cuts target price to C$45 from C$49
* Scotiabank BNS.TO: TD Cowen raises target price to C$112 from C$104
* TMX Group Ltd X.TO: Raymond James raises to strong buy from outperform
The following is a summary of research actions on Canadian companies reported by Reuters on Monday. Stock entries are in alphabetical order.
* Americas Gold and Silver Corporation USA.TO: TD Cowen initiates coverage with a price target of C$13
* Americas Gold and Silver Corporation USA.TO: TD Cowen initiates coverage with buy rating
* ARC Resources Ltd ARX.TO: CIBC cuts target price to C$25.5 from C$27.5
* ARC Resources Ltd ARX.TO: CIBC cuts to neutral from outperform
* ARC Resources Ltd ARX.TO: Raymond James cuts target price to C$28 from C$31
* ARC Resources Ltd ARX.TO: Raymond James cuts to market perform from outperform
* Bank of Montreal BMO.TO: TD Cowen raises target price to C$219 from C$209
* Barrick Mining ABX.TO: National Bank of Canada cuts target price to C$75 from C$82.50
* BRP Inc DOO.TO: Seaport Research Partners initiates coverage with buy rating; price target C$142
* CIBC CM.TO: TD Cowen raises target price to C$142 from C$134
* Cameco Corp CCO.TO: Raymond James raises target price to C$180 from C$165
* ERO Copper Corp ERO.TO: BofA Global Research cuts target price to C$45 from C$49
* ERO Copper Corp ERO.TO: BofA Global Research cuts rating to neutral from buy
* National Bank of Canada NA.TO: TD Cowen cuts target price to C$175 from C$181
* RBC RY.TO: TD Cowen raises target price to C$260 from C$246
* Scotiabank BNS.TO: TD Cowen raises target price to C$112 from C$104
* Teck Resources Ltd TECKb.TO: Raymond James raises target price to C$77 from C$70
* TMX Group X.TO: Barclays cuts target price to C$52 from C$59
* TMX Group Ltd X.TO: Raymond James raises target price to C$61 from C$59
* TMX Group Ltd X.TO: Raymond James raises to strong buy from outperform
(Compiled by Bengaluru Newsroom)
((:Diaries@thomsonreuters.com))
