Canada Research Roundup: Automotive Properties, First Quantum Minerals, Telesat

DREAM Unlimited

Mon 07:48

       Oct 26 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Automotive Properties, First Quantum Minerals and Telesat,
on Monday.
     
    HIGHLIGHTS 
     * Automotive Properties REIT  APR_u.TO : Canaccord Genuity cuts to hold from buy
     * Dream Office REIT D_u.TO : Canaccord Genuity cuts target price to C$19.25 from C$22.75 
     * First Quantum Minerals Ltd  FM.TO : Morgan Stanley raises PT to C$47.7 from C$47.3 
     * Riocan REIT REI_u.TO : Canaccord Genuity cuts target price to C$22 from C$22.5 
     * Telesat Corp  TSAT.TO : CIBC initiates coverage with outperformer rating
     
    Following is a summary of research actions on Canadian companies reported by Reuters on
Monday. Stock entries are in alphabetical order. 
      
    
     * A&W Food Services of Canada Inc  AW.TO : TD Cowen initiates coverage with buy rating
     * A&W Food Services of Canada Inc  AW.TO : TD Cowen initiates coverage with PT C$41 
     * Act Energy Technologies Ltd  ACX.TO : ATB Cormark Capital Markets raises target price to C$11.50 from C$9.75 -
     * Air Canada  AC.TO : CIBC cuts target price to C$36 from C$40 
     * Atrium Mortgage Investment Corp  AI.TO : Canaccord Genuity cuts PT to C$12.25 from C$13 
     * Automotive Properties REIT  APR_u.TO : Canaccord Genuity cuts PT to C$12.75 from C$13.5 
     * American Tungsten Corp  TUNG.V : Canaccord Genuity initiates coverage with speculative buy rating; target price C$3 -
     * Automotive Properties REIT  APR_u.TO : Canaccord Genuity cuts to hold from buy
     * Bombardier  BBDb.TO : CIBC raises target price to C$368 from C$365 
     * BTB REIT BTB_u.TO : Canaccord Genuity cuts target price to C$3.75 from C$4 
     * Cadillac Mines Corp  CADY.TO : CIBC cuts target price to C$11.50 from C$13 
     * Calfrac Well Services Ltd.  CFW.TO : ATB Cormark Capital Markets raises target price to C$9.75 from C$9.00 -
     * Canadian Net REIT NET_u.V : Canaccord Genuity cuts target price to C$6.75 from C$7.25 
     * Capital Power Corp  CPX.TO : Jefferies cuts target price to C$67 from C$72 
     * Capreit  CAR_u.TO : Canaccord Genuity cuts target price to C$36 from C$40
     * CES Energy Solutions Corp  CEU.TO : ATB Cormark Capital Markets cuts to sector perform from outperform; raises target price to C$23.50 from C$21.00 
     * Chartwell Retirement Residences  CSH_u.TO : Canaccord Genuity cuts PT to C$25 from C$26 
     * Choice Properties REIT CHP_u.TO : Canaccord Genuity cuts PT to C$16.5 from C$17.5 
     * Crombie REIT CRR_u.TO : Canaccord Genuity cuts target price to C$16.75 from C$17.5 
     * Dream Industrial REIT  DIR_u.TO : Canaccord Genuity cuts PT to C$15.25 from C$16.5 
     * Dream Office REIT D_u.TO : Canaccord Genuity cuts target price to C$19.25 from C$22.75 
     * Dream Unlimited Corp  DRM.TO : Canaccord Genuity cuts target price to C$30 from C$38 
     * Element Fleet Management Corp.  EFN.TO : Scotiabank cuts target price to C$32 from C$41 
     * Enerflex Ltd.  EFX.TO : ATB Cormark Capital Markets raises PT to C$57.00 from C$56.00 
     * Ensign Energy Services, Inc  ESI.TO : ATB Cormark Capital Markets raises PT to C$5.25 from C$4.50 
     * Fiera Capital Corporation  FSZ.TO : Scotiabank cuts target price to C$4.25 from C$5.75 
     * Fiera Capital Corporation  FSZ.TO : TD Cowen cuts target price to C$3.25 from C$5 
     * Firm Capital Mortgage Investment Corp  FC.TO : Canaccord Genuity cuts PT to C$11.75 from C$12.5 
     * Firm Capital Property Trust  FCD_u.TO : Canaccord Genuity cuts PT to C$7.25 from C$7.5 
     * First Quantum Minerals Ltd  FM.TO : Morgan Stanley raises PT to C$47.7 from C$47.3 
     * GFL Environmental Inc.  GFL.TO : ATB Cormark Capital Markets cuts PT to C$87 from C$89 
     * Granite REIT GRT_u.TO : Canaccord Genuity cuts target price to C$98.5 from C$105 
     * Groupe Dynamite Inc.  GRGD.TO : Barclays raises target price to C$88 from C$79 
     * Holcim Ltd.  HOLN.S : Morgan Stanley raises target price to CHF 82 from CHF 79 
     * IGM Financial Inc  IGM.TO : TD Cowen raises target price to C$95 from C$94 
     * Killam Apartment REIT  KMP_u.TO : Canaccord Genuity cuts PT to C$18.50 from C$19.50 
     * MCAN Mortgage Corp  MKP.TO : Canaccord Genuity cuts target price to C$24 from C$26.5 
     * Maple Gold Mines Ltd  MGM.V : ATB Cormark Capital Markets initiates coverage with buy rating; target price C$6.5 -
     * Nexus Industrial REIT  NXR_u.TO : Canaccord Genuity cuts PT to C$8.25 from C$9 
     * North American Construction Group Ltd  NOA.TO : ATB Cormark Capital Markets raises to outperform from sector perform 
     * Onex Corporation  ONEX.TO : TD Cowen raises target price to C$165 from C$163 
     * Parkit Enterprise Inc  PKT.V : Canaccord Genuity cuts target price to C$11 from C$12 
     * PHX Energy Services Corp  PHX.TO : ATB Cormark Capital Markets ups PT to C$15.50 from C$15.00 
     * Plaza Retail REIT  PLZ_u.TO : Canaccord Genuity cuts to hold from buy
     * Plaza Retail REIT cuts target price to C$5.65 from C$5.75
     * Precision Drilling Corp(Calgary)  PD.TO : ATB Cormark Capital Markets ups PT to C$170.00 from C$160.00 
     * Primaris REIT PMZ_u.TO : Canaccord Genuity cuts target price to C$25 from C$25.5 
     * Pro REIT PRV_u.TO : Canaccord Genuity cuts target price to C$7.25 from C$7.50 
     * Riocan REIT REI_u.TO : Canaccord Genuity cuts target price to C$22 from C$22.5 
     * Rogers Communications Inc  RCIb.TO : Scotiabank cuts target price to C$59 from C$60 
     * Sienna Senior Living Inc  SIA.TO : Canaccord Genuity cuts PT to C$26 from C$27.5 
     * Teck Resources Ltd  TECKb.TO : Scotiabank cuts target price to C$83 from C$98 
     * Telesat Corp  TSAT.TO : CIBC initiates coverage with outperformer rating
     * Telesat Corp  TSAT.TO : CIBC initiates coverage with price target C$105 
     * Timbercreek Financial Corp  TF.TO : Canaccord Genuity cuts PT to C$5.25 from C$6.25 
     * Total Energy Services Inc  TOT.TO : ATB Cormark Capital Markets ups PT to C$47.50 from C$42.00 
     * True North Commercial REIT  TNT_u.TO : Canaccord Genuity cuts PT to C$7.50 from C$10 
     * True North Commercial REIT  TNT_u.TO : Canaccord Genuity cuts to hold from buy
     * Western Energy Services Corp  WRG.TO : ATB Cormark Capital Markets raises target price to C$4.50 from C$3.50 
 
    (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))