Canada Research Roundup: Ascot Resources, Cardinal Energy, Equinox Gold

Canadian Apartment Properties Real Estate Investment Trust

27/06/2022 08:21

June 27 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Ascot Resources, Cardinal Energy and Equinox Gold, on Monday. 
    
    HIGHLIGHTS    
     * Ascot Resources Ltd  AOT.TO : CIBC cuts to neutral from outperformer 
     * Cardinal Energy Ltd (Alberta)  CJ.TO : CIBC initiates coverage with neutral rating 
     * Equinox Gold Corp  EQX.TO : CIBC cuts to underperformer from neutral 
 
Following is a summary of research actions on Canadian companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 

     * Allied Properties REIT  AP_u.TO : CIBC cuts target price to C$47.5 from C$50 
     * American Hotel Income Properties REIT LP  HOTu.TO : CIBC cuts PT to $3.8 from $4 
     * Ascot Resources Ltd  AOT.TO : CIBC cuts target price to C$0.80 from C$1.30 
     * Ascot Resources Ltd  AOT.TO : CIBC cuts to neutral from outperformer 
     * Automotive Properties REIT  APR_u.TO : CIBC cuts target price to C$14.25 from C$15 
     * Boardwalk REIT  BEI_u.TO : CIBC cuts target price to C$58 from C$60 
     * Capreit  CAR_u.TO : CIBC cuts target price to C$55 from C$60 
     * Cardinal Energy Ltd (Alberta)  CJ.TO : CIBC initiates coverage with neutral rating 
     * Cardinal Energy Ltd (Alberta)  CJ.TO : CIBC initiates coverage with target price C$10 
     * Chartwell Retirement Residences  CSH_u.TO : CIBC cuts target price to C$14.25 from C$15 
     * Crombie REIT  CRR_u.TO : CIBC cuts target price to C$18.25 from C$19.5 
     * CT Real Estate Investment Trust  CRT_u.TO : CIBC cuts target price to C$18 from C$19 
     * Dream Industrial REIT  DIR_u.TO : CIBC cuts target price to C$17 from C$18 
     * Dream Office REIT  D_u.TO : CIBC cuts target price to C$27 from C$28.5 
     * Dream Unlimited Corp  DRM.TO : CIBC cuts target price to C$53 from C$56 
     * Equinox Gold Corp  EQX.TO : CIBC cuts to underperformer from neutral 
     * Equinox Gold Corp  EQX.TO : CIBC cuts target price to C$5.75 from C$9.25 
     * European Residential REIT  ERE_u.TO : CIBC cuts target price to C$5.35 from C$6 
     * Extendicare Inc  EXE.TO : CIBC cuts target price to C$8 from C$8.5 
     * First Capital REIT  FCR_u.TO : CIBC cuts target price to C$19.5 from C$21 
     * Granite REIT  GRT_u.TO : CIBC cuts target price to C$102 from C$106 
     * H&R Real Estate Investment Trust  HR_u.TO : CIBC cuts target price to C$16.5 from C$17.5 
     * Interrent REIT  IIP_u.TO : CIBC cuts target price to C$15.5 from C$17 
     * Killam Apartment REIT  KMP_u.TO : CIBC cuts target price to C$22.5 from C$25 
     * Minto Apartment REIT  MI_u.TO : CIBC cuts target price to C$23 from C$24.5 
     * Morguard Corp  MRC.TO : CIBC cuts target price to C$150 from C$165 
     * Morguard North American Residential REIT  MRG_u.TO : CIBC cuts PT to C$21.75 from C$23 
     * Northwest Healthcare Properties REIT  NWH_u.TO : CIBC cuts PT to C$14.75 from C$15.5 
     * Pro REIT  PRV_u.TO : CIBC cuts target price to C$7.75 from C$8.25 
     * Riocan REIT  REI_u.TO : CIBC cuts target price to C$25 from C$26.5 
     * Sienna Senior Living Inc  SIA.TO : CIBC cuts target price to C$15.75 from C$16.75 
     * Slate Office REIT  SOT_u.TO : CIBC cuts target price to C$5 from C$5.25 
     * Smartcentres REIT  SRU_u.TO : CIBC cuts target price to C$32.75 from C$34.5 
     * Storagevault Canada Inc  SVI.TO : CIBC cuts target price to C$7 from C$8 
     * Summit Industrial Income REIT  SMU_u.TO : CIBC cuts target price to C$21 from C$22.5 
     * Tricon Residential Inc  TCN.TO : CIBC cuts target price to C$20.5 from C$22 
     * True North Commercial REIT  TNT_u.TO : CIBC cuts target price to C$6.75 from C$7 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))