Canada Research Roundup: Bank of Montreal, Stantec, WSP Global

Equinox Gold

10/05/2024 09:03

May 10 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Bank of Montreal, Stantec and WSP Global, on Friday. 
    
    HIGHLIGHTS  
      
     * Bank of Montreal  BMO.TO : TD Cowen cuts target price to C$142 from C$145
     * Canadian Tire Corporation Ltd  CTCa.TO : CIBC raises target to C$153.00 from C$150.00
     * National Bank of Canada  NA.TO : TD Cowen raises target price to C$121.00 from C$118.00
     * Stantec Inc  STN.TO : RBC raises target price to C$125 from C$123
     * WSP Global Inc  WSP.TO : RBC raises target price to C$245 from C$237
        
Following is a summary of research actions on Canadian companies reported by Reuters on Friday.
Stock entries are in alphabetical order. 
        
     * Acadian Timber Corp  ADN.TO : RBC raises target price to C$20 from C$18
     * Airboss of America Corp  BOS.TO : CIBC raises target price to C$5.75 from C$4.75
     * Altius Minerals Corp  ALS.TO : National Bank of Canada raises target to C$26 from C$25
     * Arc Resources Ltd  ARX.TO : CIBC raises target price to C$31.00 from C$30.00
     * Bank of Montreal  BMO.TO : TD Cowen cuts target price to C$142 from C$145
     * Canadian Tire Corporation Ltd  CTCa.TO : CIBC raises target to C$153.00 from C$150.00
     * Canadian Tire Corporation Ltd  CTCa.TO : Desjardins raises target to C$165 from C$160
     * Canadian Tire Corporation Ltd  CTCa.TO : National Bank of Canada ups PT to C$149 from
 C$144
     * Canadian Tire Corporation Ltd  CTCa.TO : RBC cuts target price to C$190 from C$195
     * Canadian Tire Corporation Ltd  CTCa.TO : Scotiabank raises target to C$151 from C$150
     * Canadian Tire Corporation Ltd  CTCa.TO : TD Cowen raises PT to C$160.00 from C$153.00
     * Capreit  CAR_u.TO : RBC cuts target price to C$58 from C$60
     * CCL Industries Inc  CCLb.TO : RBC raises target price to C$83 from C$81
     * CCL Industries Inc  CCLb.TO : Scotiabank raises target price to C$80 from C$79
     * Converge Technology Solutions  CTS.TO : National Bank of Canada raises PT to C$7 from
 C$6
     * Copperleaf Technologies  CPLF.TO : Canaccord Genuity raises to speculative buy from hold
     * Copperleaf Technologies  CPLF.TO : Canaccord Genuity raises target to C$10 from C$7
     * Copperleaf Technologies Inc  CPLF.TO : CIBC raises target price to C$9.00 from C$7.00
     * Copperleaf Technologies Inc  CPLF.TO : National Bank of Canada ups PT to C$9 from C$7
     * Copperleaf Technologies Inc  CPLF.TO : RBC raises target price to C$10 from C$8
     * Crombie Real Estate Investment Trust  CRR_u.TO : CIBC cuts PT to C$16.00 from C$17.00
     * ECN Capital Corp  ECN.TO : CIBC raises target price to C$2.00 from C$1.90
     * Equinox Gold Corp  EQX.TO : CIBC cuts target price to C$8.75 from C$9.25
     * Equinox Gold Corp  EQX.TO : National Bank of Canada cuts target to C$10 from C$10.25
     * Gamehost Inc  GH.TO : Acumen Capital raises target price to C$14 from C$13.75
     * Granite Real Estate Investment Trust  GRT_u.TO : CIBC raises PT to C$85.00 from C$84.00
     * iA Financial Corporation Inc  IAG.TO : CIBC raises target price to C$100.00 from C$97.00
     * iA Financial Corporation Inc  IAG.TO : CIBC raises to outperformer from neutral
     * iA Financial Corporation Inc  IAG.TO : RBC raises target price to C$102 from C$101
     * iA Financial Corporation Inc  IAG.TO : TD Cowen raises target price to C$108 from C$103
     * Innergex Renewable Energy Inc  INE.TO : CIBC raises target price to C$10.00 from C$9.50
     * Jamieson Wellness Inc  JWEL.TO : CIBC cuts target price to C$27.00 from C$28.00
     * Jamieson Wellness Inc  JWEL.TO : RBC raises target price to C$32 from C$31
     * Manulife Financial Corp  MFC.TO : CIBC raises target price to C$36.00 from C$34.00
     * National Bank of Canada  NA.TO : TD Cowen raises target price to C$121.00 from C$118.00
     * Power Corporation of Canada  POW.TO : Scotiabank raises target to C$47 from C$46.50
     * Propel Holdings Inc  PRL.TO : Scotiabank raises target price to C$23.50 from C$21
     * Quebecor Inc  QBRb.TO : National Bank of Canada cuts target price to C$37 from C$38
     * Royal Bank of Canada  RY.TO : TD Cowen raises target price to C$156.00 from C$153.00
     * Savaria Corp  SIS.TO : Scotiabank raises target price to C$22 from C$21.50
     * Scotiabank  BNS.TO : TD Cowen cuts target price to C$69.00 from C$72.00
     * Smartcentres REIT  SRU_u.TO : CIBC cuts target price to C$28.00 from C$30.00
     * Sprott Inc  SII.TO : RBC raises target price to C$61 from C$59
     * Stantec Inc  STN.TO : National Bank of Canada raises target price to C$128 from C$126
     * Stantec Inc  STN.TO : RBC raises target price to C$125 from C$123
     * Stelco Holdings Inc  STLC.TO : National Bank of Canada cuts target to C$52 from C$54
     * Step Energy Services Ltd  STEP.TO : Stifel raises target price to C$4.75 from C$4.50
     * Sun Life Financial Inc  SLF.TO : National Bank of Canada cuts PT to C$72 from C$73
     * Telus Corp  T.TO : National Bank of Canada cuts target price to C$25 from C$26
     * Tidewater Midstream and Infrastructure  TWM.TO : CIBC cuts target to C$0.95 from C$1.10
     * Tidewater Midstream and Infrastructure  TWM.TO : RBC cuts target to C$0.8 from C$1
     * Tidewater Midstream and Infrastructure  TWM.TO : RBC cuts to sector perform from
 outperform
     * Verticalscope Holdings Inc  FORA.TO : CIBC raises target price to C$12.00 from C$9.00
     * WSP Global Inc  WSP.TO : RBC raises target price to C$245 from C$237
     * WSP Global Inc  WSP.TO : Scotiabank raises target price to C$241 from C$239
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))