Canada Research Roundup: Boralex, Fortis, Lundin Mining

Converge Technology Solutions

11/01/2022 07:23

Jan 11 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Boralex, Fortis and Lundin Mining, on Tuesday. 
    
    HIGHLIGHTS    
     * Boralex Inc  BLX.TO : CIBC cuts target price to C$42 from C$48 
     * Fortis Inc  FTS.TO : CIBC raises target price to C$61 from C$58 
     * Keyera Corp  KEY.TO : CIBC raises target price to C$34 from C$33 
     * Lundin Mining Corp  LUN.TO : Deutsche Bank cuts to hold from buy
     * TCP Energy Corp  TRP.TO : CIBC cuts target price to C$69 from C$72 
          
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order. 
    
     * 5N Plus Inc  VNP.TO : National Bank of Canada cuts target price to C$4.25 from C$4.75 
     * AG Growth International Inc  AFN.TO : CIBC raises target price to C$47 from C$45 
     * Altagas Ltd  ALA.TO : CIBC raises target price to C$34 from C$30 
     * Anaergia Inc  ANRG.TO : National Bank of Canada cuts target price to C$22 from C$25 
     * Boralex Inc  BLX.TO : CIBC cuts target price to C$42 from C$48 
     * Chemtrade Logistics Income Fund  CHE_u.TO : CIBC raises target price to C$10.5 from C$10 
     * Converge Technology Solutions Corp  CTS.TO : Scotiabank raises target to C$14 from C$13 
     * Emera Inc  EMA.TO : CIBC raises target price to C$64 from C$60 
     * Enbridge Inc  ENB.TO : CIBC raises target price to C$57 from C$55 
     * Farmers Edge Inc  FDGE.TO : CIBC cuts target price to C$3.5 from C$5 
     * Fortis Inc  FTS.TO : CIBC raises target price to C$61 from C$58 
     * Goodfood market Corp  FOOD.TO : Canaccord Genuity cuts target price to C$4 from C$6 
     * Hydro One Ltd  H.TO : CIBC raises target price to C$35 from C$34 
     * Innergex Renewable Energy Inc  INE.TO : CIBC cuts target price to C$21 from C$22.5 
     * Keyera Corp  KEY.TO : CIBC raises target price to C$34 from C$33 
     * Loop Energy Inc  LPEN.TO : National Bank of Canada cuts target price to C$9 from C$12 
     * Lundin Mining Corp  LUN.TO : Deutsche Bank cuts to hold from buy
     * Lundin Mining Corp  LUN.TO : Deutsche Bank cuts price target to C$10.50 from C$11.50 
     * Next Hydrogen Solutions Inc.  NXH.V : National Bank of Canada cuts target to C$6 from C$7 
     * Northland Power Inc  NPI.TO : CIBC cuts target price to C$43 from C$45 
     * TCP Energy Corp  TRP.TO : CIBC cuts target price to C$69 from C$72 
     * Tidewater Midstream and Infrastructure Ltd  TWM.TO : CIBC raises target to C$2 from C$1.7 
     * Transalta Corp  TA.TO : CIBC raises target price to C$17 from C$16.5 
     * Transalta Renewables Inc  RNW.TO : CIBC cuts target price to C$20 from C$20.5 
     * Xebec Adsorption Inc  XBC.TO : National Bank of Canada cuts target to C$4 from C$4.50 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))