Canada Research Roundup: Enbridge, Sun Life Financial, West Fraser Timber

COGECO

15/01/2025 07:39

Jan 15 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including
Enbridge, Sun Life Financial and West Fraser Timber on Wednesday. 
    
    HIGHLIGHTS   
                 * Doman Building Materials Group Ltd  DBM.TO : CIBC cuts target price to C$11.5 from C$12
 
                 * Enbridge Inc  ENB.TO : TD Cowen initiates coverage with buy rating
 
                 * Keyera Corp  KEY.TO : TD Cowen initiates coverage with hold rating
 
                 * Sun Life Financial Inc  SLF.TO : National Bank of Canada ups to outperform from sector perform
 
                 * West Fraser Timber Co Ltd  WFG.TO : CIBC raises target price to C$171 from C$164
 
        
Following is a summary of research actions on Canadian companies reported by Reuters on Wednesday. Stock entries are in
alphabetical order.
 
                 * Adentra Inc  ADEN.TO : CIBC cuts target price to C$49 from C$53
 
                 * Barrick Gold Corp  ABX.TO : Canaccord Genuity cuts target price to C$30 from C$33.5
 
     * Bombardier  BBDb.TO : RBC cuts target price to C$130 from C$133 
                 * Canfor Corp  CFP.TO : CIBC cuts target price to C$19 from C$21
 
                 * Cascades Inc  CAS.TO : CIBC raises target price to C$13 from C$12
 
                 * CCL Industries Inc  CCLb.TO : CIBC raises target price to C$97 from C$96
 
                 * Cogeco Communications Inc  CCA.TO : CIBC cuts target price to C$71 from C$73
 
                 * CAE Inc  CAE.TO : RBC raises target price to C$38 from C$34 
 
                 * Cogeco Inc  CGO.TO : CIBC cuts target price to C$64 from C$67
 
                 * Doman Building Materials Group Ltd  DBM.TO : CIBC cuts target price to C$11.5 from C$12
 
                 * Enbridge Inc  ENB.TO : TD Cowen initiates coverage with price target C$66 
 
                 * Enbridge Inc  ENB.TO : TD Cowen initiates coverage with buy rating
 
                 * Gibson Energy Inc  GEI.TO : TD Cowen initiates coverage with  price target C$25 
 
                 * Gibson Energy Inc  GEI.TO : TD Cowen initiates coverage with hold rating
 
                 * Interfor Corp  IFP.TO : CIBC cuts target price to C$22 from C$23
 
     * Keyera Corp  KEY.TO : TD Cowen initiates coverage with price target C$45 
                 * Keyera Corp  KEY.TO : TD Cowen initiates coverage with hold rating
 
                 * KP Tissue Inc  KPT.TO : CIBC cuts target price to C$8.5 from C$9
 
                 * Northland Power Inc (Ontario)  NPI.TO : National Bank of Canada cuts PT to C$34 from C$35
 
                 * Pembina Pipeline Corp  PPL.TO : TD Cowen initiates coverage with  price target C$66 
 
                 * Pembina Pipeline Corp  PPL.TO : TD Cowen initiates coverage with buy rating
 
                 * Richelieu Hardware Ltd  RCH.TO : CIBC cuts target price to C$42 from C$43
 
                 * Saputo Inc  SAP.TO : National Bank of Canada cuts target price to C$28 from C$31
 
                 * South Bow Corp  SOBO.TO : TD Cowen initiates coverage with  price target C$34 
 
                 * South Bow Corp  SOBO.TO : TD Cowen initiates coverage with hold rating
 
                 * Stella-Jones Inc  SJ.TO : CIBC raises target price to C$86 from C$8
 
                 * Sun Life Financial Inc  SLF.TO : National Bank of Canada ups PT to C$95 from C$82
 
                 * Sun Life Financial Inc  SLF.TO : National Bank of Canada ups to outperform from sector perform
 
     * TCP Energy Corp  TRP.TO : TD Cowen initiates coverage with  price target C$73 
                 * TCP Energy Corp  TRP.TO : TD Cowen initiates coverage with buy rating
 
                 * West Fraser Timber Co Ltd  WFG.TO : CIBC raises target price to C$171 from C$164
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))