Canada Research Roundup: Hardwoods Distribution, Intertape Polymer Group, Teck Resources

Doman Building Materials

22/04/2020 09:47

April 22 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Hardwoods Distribution, Intertape Polymer Group and Teck
Resources, on Wednesday. 
    
  HIGHLIGHTS
     * Canwel Building Materials Group  CWX.TO : Canaccord Genuity cuts to sell from hold
     * Hardwoods Distribution  HDI.TO : Canaccord Genuity cuts to hold from buy
     * Intertape Polymer Group Inc  ITP.TO : RBC raises to outperform from sector perform
     * Teck Resources Ltd  TECKb.TO : Citigroup cuts to neutral from buy
    
Following is a summary of research actions on Canadian companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order. 
     
     * Aecon Group  ARE.TO : CIBC cuts target price to C$20 from C$24
     * AG Growth International Inc  AFN.TO : RBC cuts target price to C$35 from C$55
     * Baytex Energy Corp  BTE.TO :  CIBC cuts target price to C$0.75 from C$1
     * Canadian Pacific Railway Ltd  CP.TO : JP Morgan cuts target price to C$356 from C$359
     * Canadian Tire Corporation  CTCa.TO : Canaccord Genuity cuts TP to C$108 from C$160
     * Canwel Building Materials Group  CWX.TO : Canaccord Genuity cuts to sell from hold
     * Canwel Building Materials Group  CWX.TO : Canaccord Genuity cuts TP to C$2.50 from C$3.50
     * Cenovus Energy  CVE.TO : CIBC cuts target price to C$6 from C$8 
     * Enerplus Corp  ERF.TO : CIBC cuts target price to C$4.5 from C$6 
     * Hardwoods Distribution  HDI.TO : Canaccord Genuity cuts to hold from buy
     * Hardwoods Distribution  HDI.TO : Canaccord Genuity cuts price target to C$11 from C$15
     * Hudbay Minerals Inc  HBM.TO : Credit Suisse cuts target price to C$5.50 from C$7
     * Husky Energy Inc  HSE.TO : CIBC cuts target price to C$5.5 from C$7 
     * Imperial Oil Ltd  IMO.TO : CIBC cuts target price to C$25 from C$35 
     * Intertape Polymer Group Inc  ITP.TO : RBC raises to outperform from sector perform
     * Intertape Polymer Group Inc  ITP.TO : RBC raises target price to C$14 from C$12
     * Kelt Exploration Ltd  KEL.TO : CIBC cuts target price to C$2 from C$2.5
     * Lundin Mining Corp  LUN.TO : Credit Suisse cuts target price to C$7 from C$8
     * Martinrea International Inc  MRE.TO : CIBC cuts target price to C$13 from C$13.5
     * MEG Energy Corp  MEG.TO : CIBC cuts target price to C$4.25 from C$6.75 
     * North American Construction Group  NOA.TO : CIBC cuts target price to C$15 from C$22
     * Nuvista Energy Ltd  NVA.TO : CIBC cuts target price to C$1 from C$1.5 
     * Pason Systems Inc  PSI.TO : CIBC cuts target price to C$10 from C$13 
     * Precision Drilling Corp  PD.TO : CIBC cuts target price to C$1.5 from C$1.75 
     * Secure Energy Services Inc  SES.TO : CIBC cuts target price to C$2.5 from C$3 
     * Seven Generations Energy Ltd  VII.TO : CIBC cuts target price to C$3.25 from C$4 
     * Shawcor Ltd  SCL.TO : RBC cuts target price to C$2.50 from C$3.75
     * Step Energy Services Ltd  STEP.TO : CIBC cuts target price to C$1 from C$1.5 
     * Stingray Group Inc  RAYa.TO : RBC raises target price to C$7 from C$6
     * Suncor Energy Inc  SU.TO : CIBC cuts target price to C$30 from C$40
     * Surge Energy Inc  SGY.TO : CIBC cuts target price to C$0.5 from C$1 
     * Tamarack Valley Energy Ltd  TVE.TO : CIBC cuts target price to C$1.5 from C$2
     * Teck Resources Ltd  TECKb.TO : Canaccord Genuity cuts target price to C$15.50 from C$16
     * Teck Resources Ltd  TECKb.TO : Citigroup cuts to neutral from buy
     * Teck Resources Ltd  TECKb.TO : Citigroup cuts price target to C$10 from C$21
     * Teck Resources Ltd  TECKb.TO : Credit Suisse cuts target price to C$24 from C$25
     * Teck Resources Ltd  TECKb.TO : National Bank of Canada cuts TP to C$18.50 from C$20
     * Teck Resources Ltd  TECKb.TO : RBC cuts target price to C$21 from C$23
     * Tervita Corp Tev.To CIBC cuts target price to C$6 from C$9.5
     * Torc Oil & Gas Ltd  TOG.TO : CIBC cuts target price to C$1.5 from C$2.5
     * Total Energy Services Inc  TOT.TO : CIBC cuts target price to C$3.75 from C$5.5
     * Trican Well Service Ltd  TCW.TO : CIBC cuts target price to C$0.8 from C$0.9 
     * Western Energy Services Corp  WRG.TO : CIBC cuts target price to C$0.1 from C$0.15 
     * Wheaton Precious Metals Corp  WPM.TO : Credit Suisse raises target price to C$46 from C$42
     * Whitecap Resources Inc  WCP.TO : CIBC cuts target price to C$3 from C$4 
 
         

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