Canada Research Roundup: Aecon Group, Canacol Energy, Telus

ECN Capital

24/10/2023 08:13

Oct 24 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Aecon Group, Canacol Energy and Telus, on Tuesday.
    
    HIGHLIGHTS  
                 * Aecon Group Inc  ARE.TO : Canaccord Genuity raises target price to C$14 from C$10 
 
                 * Canacol Energy Ltd  CNE.TO : Eight Capital cuts to neutral from buy 
 
                 * Rogers Communications Inc  RCIb.TO : Canaccord Genuity cuts target price to C$65 from
 C$72 
 
                 * Sprott Inc  SII.TO : RBC cuts target price to C$47 from C$51 
 
                 * Telus Corp  T.TO : Canaccord Genuity cuts target price to C$26 from C$30 
 
    
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order. 
    
                 * Aecon Group Inc  ARE.TO : Canaccord Genuity raises target price to C$14 from C$10 
 
                 * AGF Management Ltd  AGFb.TO : RBC cuts target price to C$7.50 from C$9 
 
                 * Alaris Equity Partners Income Trust  AD_u.TO : RBC cuts target price to C$15 from C$18 
 
                 * BCE Inc  BCE.TO : Canaccord Genuity raises to buy from hold; cuts target to C$54 from C$56 
 
                 * Canacol Energy Ltd  CNE.TO : Eight Capital cuts target price to C$9 from C$30 
 
                 * Canacol Energy Ltd  CNE.TO : Eight Capital cuts to neutral from buy 
 
                 * CI Financial Corp  CIX.TO : RBC cuts target price to C$19 from C$21 
 
                 * Cogeco Communications Inc  CCA.TO : Canaccord Genuity cuts target price to C$65 from C$70 
 
                 * Definity Financial Corp  DFY.TO : RBC cuts target price to C$48 from C$49 
 
                 * ECN Capital Corp  ECN.TO : RBC cuts target price to C$2.75 from C$3.50 
 
                 * Fiera Capital Corp  FSZ.TO : National Bank of Canada cuts target price to C$6.5 from C$7 
 
                 * Fiera Capital Corp  FSZ.TO : RBC cuts target price to C$6 from C$7 
 
                 * First National Financial Corp  FN.TO : RBC cuts target price to C$40 from C$43 
 
                 * IGM Financial Inc  IGM.TO : National Bank of Canada cuts target price to C$44 from C$47 
 
                 * IGM Financial Inc  IGM.TO : RBC cuts target price to C$42 from C$49 
 
                 * Power Corporation of Canada  POW.TO : RBC cuts target price to C$41 from C$45 
 
                 * Prairiesky Royalty Ltd  PSK.TO : Stifel cuts target price to C$27.25 from C$27.5 
 
                 * Quebecor Inc  QBRb.TO : Canaccord Genuity cuts target price to C$33 from C$35 
 
                 * Rogers Communications Inc  RCIb.TO : Canaccord Genuity cuts target price to C$65 from C$72 
 
                 * Sprott Inc  SII.TO : RBC cuts target price to C$47 from C$51 
 
                 * Telus Corp  T.TO : Canaccord Genuity cuts target price to C$26 from C$30 
 
                 * True North Commercial REIT  TNT_u.TO : National Bank of Canada cuts PT to C$1.25 from C$2.25 
 
                 * True North Commercial REIT  TNT_u.TO : National Bank of Canada cuts to underperform from sector
 perform 
 
    

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))