Canada Research Roundup: Bank of Montreal, Canadian Imperial Bank of Commerce, Surge Energy

Ensign Energy Services

08/03/2021 08:33

March 8 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Bank of Montreal, Canadian Imperial Bank of Commerce and Surge
Energy, on Monday. 
    
    HIGHLIGHTS    
     * Bank of Montreal  BMO.TO : National Bank of Canada ups to outperform from sector perform
     * Canadian Imperial Bank of Commerce  CM.TO : Cormark Securities cuts to buy rating     
     * Surge Energy Inc  SGY.TO : National Bank of Canada ups to outperform from sector perform     
     * True North Commercial REIT  TNT_u.TO : Laurentian Bank Securities cuts to hold from buy     
        
Following is a summary of research actions on Canadian companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 
     
     * Bank of Montreal  BMO.TO : National Bank of Canada ups to outperform from sector perform
     * Bank of Montreal  BMO.TO : National Bank of Canada raises target to C$121 from C$113 
     * Canadian Imperial Bank of Commerce  CM.TO : Cormark Securities cuts to buy rating 
     * Chartwell Retirement Residences  CSH_u.TO : Canaccord Genuity ups PT to C$12 from C$11.50 
     * Chartwell Retirement Residences  CSH_u.TO : TD Securities raises PT to C$13 from C$12.5 
     * Ensign Energy Services Inc  ESI.TO : Atb Capital Markets raises PT to C$1.50 from C$1 
     * Freehold Royalties Ltd  FRU.TO : Canaccord Genuity raises target to C$10 from C$8.50 
     * Granite Real Estate Investment Trust  GRT_u.TO : RBC raises target to C$84 from C$82 
     * Labrador Iron Ore Royalty Corp  LIF.TO : TD Securities raises target to C$41 from C$40 
     * Parkland Corp  PKI.TO : CIBC raises target price to C$49 from C$48 
     * Parkland Corp  PKI.TO : Scotiabank cuts target price to C$50 from C$52 
     * Power Corporation of Canada  POW.TO : Scotiabank raises target price to C$38 from C$35 
     * Recipe Unlimited Corp  RECP.TO : Scotiabank raises target price to C$21 from C$18.50 
     * Surge Energy Inc  SGY.TO : National Bank of Canada raises target to C$0.9 from C$0.75 
     * Surge Energy Inc  SGY.TO : National Bank of Canada ups to outperform from sector perform 
     * Tervita Corp  TEV.TO : CIBC raises target price to C$4.5 from C$4 
     * Tervita Corp  TEV.TO : National Bank of Canada raises target price to C$4.50 from C$3.50 
     * Tricon Residential Inc  TCN.TO : RBC raises target price to C$14.50 from C$14 
     * True North Commercial REIT  TNT_u.TO : Laurentian Bank Securities cuts PT to C$6.5 from C$7.25 
     * True North Commercial REIT  TNT_u.TO : Laurentian Bank Securities cuts to hold from buy 
     * Winpak Ltd  WPK.TO : RBC cuts target price to C$43 from C$44 
    

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