Canada Research Roundup: Altagas Canada, IGM Financial, TMX Group

First National Financial

15/01/2019 07:52

Jan 15 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Altagas Canada, IGM Financial and TMX Group, on Tuesday. 
    
    HIGHLIGHTS   
     * Altagas Canada Inc  ACI.TO : CIBC cuts to neutral from outperformer
     * First National Financial Corp  FN.TO : RBC cuts to underperform from sector perform
     * IGM Financial Inc  IGM.TO : RBC cuts to sector perform from outperform
     * TMX Group Ltd  X.TO : RBC raises to outperform from sector perform
    
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 : CIBC raises target price to C$23 from C$21
     * AGF Management Ltd  AGFb.TO : RBC cuts price target to C$5.75 from C$6.50
     * Altagas Canada Inc  ACI.TO : CIBC cuts to neutral from outperformer
     * Altagas Canada Inc  ACI.TO : CIBC raises traget price to C$17 from C$16
     * Altius Minerals Corp  ALS.TO : Canaccord Genuity cuts price target to C$18 from C$19
     * Atco Ltd  ACOx.TO : CIBC raises target price to C$41 from C$40
     * Boralex Inc  BLX.TO : CIBC cuts target price to C$23 from C$24
     * Canadian Utilities Ltd  CU.TO : CIBC raises target price to C$33 from C$32
     * CI Financial Corp  CIX.TO : RBC cuts price target to C$17 from C$20
     * Element Fleet Management Corp  EFN.TO : RBC cuts price target to C$9.5 from C$10
     * Emera Inc  EMA.TO : CIBC raises target price to C$47 from C$45
     * Enbridge Inc  ENB.TO : CIBC raises target price to C$57 from C$55
     * Equitable Group Inc  EQB.TO : RBC cuts price target to C$75 from C$77
     * Finning International Inc  FTT.TO : CIBC cuts target price to C$35 from C$38
     * First National Financial Corp  FN.TO : RBC cuts to underperform from sector perform
     * Fortis Inc  FTS.TO : CIBC raises target price to C$49 from C$47
     * Genworth MI Canada Inc  MIC.TO : RBC raises price target to C$47 from C$44
     * Gluskin Sheff + Associates Inc  GS.TO : RBC cuts price target to C$12 from C$13
     * IGM Financial Inc  IGM.TO : RBC cuts price target to C$38 from C$43
     * IGM Financial Inc  IGM.TO : RBC cuts to sector perform from outperform
     * Intact Financial Corp  IFC.TO : RBC cuts price target to C$115 from C$117
     * Inter Pipeline Ltd  IPL.TO : CIBC cuts target price to C$29 from C$30
     * Just Energy Group Inc  JE.TO : CIBC raises target price to C$5 from C$4.75
     * Northland Power Inc  NPI.TO : CIBC cuts target price to C$26 from C$27
     * Onex Corp  ONEX.TO : RBC cuts price target to C$96 from C$110
     * Pembina Pipeline Corp  PPL.TO : CIBC cuts target price to C$52 from C$53
     * Pinnacle Renewable Energy Inc  PL.TO : CIBC cuts target price to C$17 from C$18.5
     * Power Corporation of Canada  POW.TO : RBC cuts price target to C$31 from C$32
     * Power Financial Corp  PWF.TO : RBC cuts price target to C$33 from C$35
     * Rocky Mountain Dealerships Inc  RME.TO : CIBC cuts target price to C$10.5 from C$11.5
     * Shaw Communications Inc  SJRb.TO : Barclays raises target price to $33 from $32
     * Shaw Communications Inc  SJRb.TO : CIBC raises target price to C$32 from C$31
     * Shaw Communications Inc  SJRb.TO : RBC raises price target to C$30 from C$29
     * Snc-Lavalin Group Inc  SNC.TO : CIBC raises target price to C$56 from C$52
     * Sprott Inc  SII.TO : RBC cuts price target to C$2.50 from C$2.75
     * Stantec Inc  STN.TO : CIBC cuts target price to C$37 from C$38
     * Tidewater Midstream and Infrastructure  TWM.TO : CIBC raises target to C$2.1 from C$2
     * TMX Group Ltd  X.TO : RBC cuts price target to C$89 from C$95
     * TMX Group Ltd  X.TO : RBC raises to outperform from sector perform
 
 (Compiled by Bengaluru Newsroom)
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