Canada Research Roundup: Fortis, Stelco Holdings, Teck Resources

Fortis

14/07/2022 08:23

July 14 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Fortis, Stelco Holdings and Teck Resources, on Thursday. 
    
    HIGHLIGHTS    
    
     * Fortis Inc  FTS.TO : JP Morgan cuts target price to C$60 from C$62
     * Stelco Holdings Inc  STLC.TO : RBC cuts target price to C$48 from C$62
     * Teck Resources Ltd  TECKb.TO : Citigroup cuts price target to C$45 from C$58
       
Following is a summary of research actions on Canadian companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.    
     * Air Canada  AC.TO : CIBC cuts target price to C$29 from C$30
     * First Quantum Minerals Ltd  FM.TO : Citigroup cuts price target to C$20 from C$40
     * Fortis Inc  FTS.TO : JP Morgan cuts target price to C$60 from C$62
     * GFL Environmental Inc  GFL.TO : CIBC cuts target price to C$52 from C$56
     * Goodfood market Corp  FOOD.TO : National Bank of Canada cuts PT to C$2 from C$2.25
     * Goodfood market Corp  FOOD.TO : RBC cuts target price to C$1.75 from C$2
     * Goodfood market Corp  FOOD.TO : Scotiabank cuts target price to C$1.50 from C$2.75
     * Stelco Holdings Inc  STLC.TO : RBC cuts target price to C$48 from C$62
     * Teck Resources Ltd  TECKb.TO : Citigroup cuts price target to C$45 from C$58
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))