Canada Research Roundup: Boralex, Fortis, Western Forest Products

Critical Elements Lithium

18/10/2022 08:16

Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Boralex, Fortis and Western Forest Products, on Tuesday. 
    HIGHLIGHTS    
     * Boralex Inc  BLX.TO : CIBC cuts target price to C$46 from C$50
     * Fortis Inc  FTS.TO : CIBC cuts target price to C$54 from C$63
     * Western Forest Products Inc  WEF.TO : RBC cuts to sector perform from outperform
 Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order. 
     * Atco Ltd  ACOx.TO : CIBC cuts target price to C$49 from C$55
     * Boralex Inc  BLX.TO : CIBC cuts target price to C$46 from C$50
     * Cameco Corp  CCO.TO : TD Securities cuts target price to C$40 from C$45
     * Canadian Utilities Ltd  CU.TO : CIBC cuts target price to C$36 from C$41
     * Capital Power Corp  CPX.TO : CIBC cuts target price to C$46 from C$50
     * Chartwell Retirement Residences  CSH_u.TO : Scotiabank cuts PT to C$10 from C$12.50
     * Critical Elements Lithium  CRE.V : Canaccord Genuity initiates with speculative buy
 rating; C$3.50 PT
     * Diversified Royalty Corp  DIV.TO : Canaccord Genuity raises target to C$3.5 from C$3
     * Emera Inc  EMA.TO : CIBC cuts target price to C$55 from C$66
     * Endeavour Mining Plc  EDV.TO : Canaccord Genuity raises target price to C$46 from C$45
     * Fortis Inc  FTS.TO : CIBC cuts target price to C$54 from C$63
     * GDI Integrated Facility Services Inc  GDI.TO : Scotiabank raises PT to C$53 from C$52.50
     * Hydro One Ltd  H.TO : CIBC cuts target price to C$35 from C$37
     * Innergex Renewable Energy Inc  INE.TO : CIBC cuts target price to C$20 from C$23
     * Northland Power Inc  NPI.TO : CIBC cuts target price to C$44 from C$49
     * Patriot Battery Metals  PMET.V : Canaccord Genuity initiates with speculative buy rating;
 C$9.75 PT
     * Small pharma Inc  DMT.V : Canaccord Genuity cuts target price to C$0.75 from C$1
     * Transalta Corp  TA.TO : CIBC cuts target price to C$16 from C$17.5
     * Transalta Renewables Inc  RNW.TO : CIBC cuts target price to C$17 from C$19
     * Western Forest Products Inc  WEF.TO : RBC cuts to sector perform from outperform
     * Western Forest Products Inc  WEF.TO : RBC cuts target price to C$1.75 from C$2.25
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))