Canada Research Roundup: Fortis, Manulife Financial, Stelco Holdings

Fortis

12/12/2023 07:22

Dec 12 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Fortis, Manulife Financial and Stelco Holdings, on
Tuesday. 
    
    HIGHLIGHTS    
       
     * Fortis Inc  FTS.TO : JP Morgan cuts target price to C$53 from C$54
     * Manulife Financial Corp  MFC.TO : RBC raises target price to C$34 from C$32
     * Stelco Holdings Inc  STLC.TO : JP Morgan raises to overweight from neutral
        
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order. 
     
     * Fortis Inc  FTS.TO : JP Morgan cuts target price to C$53 from C$54
     * Innergex Renewable Energy  INE.TO : National Bank of Canada ups PT to C$15.75 from C$15.5
     * Lithium Royalty Corp  LIRC.TO : Canaccord Genuity raises target price to C$20.5 from C$20
     * Manulife Financial Corp  MFC.TO : RBC raises target price to C$34 from C$32
     * Manulife Financial Corp  MFC.TO : RBC raises to outperform from sector perform
     * Secure Energy Services Inc  SES.TO : Atb Capital Markets ups target to C$10.5 from C$9
     * Secure Energy Services Inc  SES.TO : National Bank of Canada raises PT to C$10 from C$8.5
     * Secure Energy Services Inc  SES.TO : Stifel raises target price to C$11.25 from C$10
     * Stelco Holdings Inc  STLC.TO : JP Morgan raises to overweight from neutral
     * Stelco Holdings Inc  STLC.TO : JP Morgan raises target price to C$52 from C$45
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))