Canada Research Roundup: Quebecor, Baytex Energy, Empire Company

Forza Petroleum

14/03/2014 14:05

March 14 (Reuters) - Securities analysts revised their ratings and price targets on several 
Canadian companies, including Transat AT and Empire Company, on Friday.  
     
    HIGHLIGHTS   
    * Quebecor Inc  QBRb.TO : Desjardins raises to buy from hold 
    * Empire Company  EMPa.TO : Barclays, CIBC, others cut target price on the stock   
    * Cascades Inc  CAS.TO : TD Securities cuts to hold from buy 
    * Transat AT  TRZb.TO : National Bank Financial cuts to sector perform from outperform  
    * Pure Technologies  PUR.TO : Canaccord Genuity raises to buy from hold 
         
Following is a summary of research actions on Canadian companies reported by Reuters on Friday. 
Stock entries are in alphabetical order.  
      
    * Aimia Inc  AIM.TO : Credit Suisse cuts price target to C$20 from C$21; rating outperform 
    * Alimentation Couche-Tard  ATDb.TO : Barclays raises target to C$85 from C$82; overweight 
    * Alliance Grain Traders  AGT.TO : Canaccord Genuity raises target to C$22 from C$21; buy 
    * Algonquin Power  AQN.TO : CIBC starts with sector performer rating; target price of C$8.25 
    * Bankers Petroleum  BNK.TO : FirstEnergy Capital cuts target to C$7 from C$7.25; top pick 
    * Baytex Energy  BTE.TO : National Bank Financial ups target to C$52 from C$51; outperform 
    * Bellatrix Exploration  BXE.TO : TD Securities raises target to C$12.50 from C$11; buy 
    * Black Diamond Group  BDI.TO : CIBC raises target to C$33 from C$32; sector performer 
    * Carillion PLC  CLLN.L : Morgan Stanley raises target to 370p from 325p; equal weight 
    * Cascades Inc  CAS.TO : TD Securities cuts to hold from buy 
    * Cervus Equipment  CVL.TO : CIBC cuts target to C$24 from C$25; rating sector performer 
    * Cervus Equipment  CVL.TO : M Partners raises target price to C$26.75 from C$26; rating buy 
    * Cervus Equipment  CVL.TO : PI Financial cuts price target to C$27.50 from C$29; rating buy 
    * Cervus Equipment  CVL.TO : RBC raises target to C$24 from C$21; rating sector perform 
    * Colabor Group  GCL.TO : National Bank Financial raises to outperform from sector perform 
    * Empire Company  EMPa.TO : Barclays cuts price target to C$72 from C$85; rating overweight 
    * Empire Company  EMPa.TO : BMO cuts target price to C$72 from C$79; rating market perform 
    * Empire Company  EMPa.TO : CIBC cuts target to C$80 from C$83; rating sector performer 
    * Empire Company  EMPa.TO : National Bank Financial cuts price target to C$75 from C$82 
    * Kirkland Lake Gold  KGI.TO : Desjardins cuts to sell from hold 
    * Oryx Petroleum  OXC.TO : RBC raises price target to C$22 from C$18; rating outperform 
    * Oryx Petroleum  OXC.TO : TD Securities starts with speculative buy; target price of C$19 
    * Pacific Rubiales  PRE.TO : Credit Suisse cuts target to C$17 from C$18; rating neutral 
    * Pacific Rubiales  PRE.TO : TD Securities cuts target price to C$21 from C$26; rating buy 
    * Polymet Mining  POM.TO : National Bank Financial raises price target to C$1.70 from C$1.45 
    * Premium Brands  PBH.TO : Canaccord Genuity cuts to hold from buy 
    * Premium Brands  PBH.TO : Canaccord Genuity cuts price target to C$21 from C$22 
    * Premium Brands  PBH.TO : National Bank Financial raises price target to C$22 from C$20 
    * Pure Technologies  PUR.TO : Canaccord Genuity raises to buy from hold 
    * Pure Technologies  PUR.TO : Canaccord Genuity raises price target to C$8 from C$7.25 
    * Quebecor Inc  QBRb.TO : Desjardins raises to buy from hold 
    * Rubicon Minerals  RMX.TO : Mackie Research cuts target to C$2.75 from C$3; rating buy 
    * Tamarack Valley Energy  TVE.V : Canaccord Genuity raises target to C$6.50 from C$5.50; buy 
    * Transat AT  TRZb.TO : Canacord Genuity raises target to C$19.25 from C$18.50; rating buy 
    * Transat AT  TRZb.TO : CIBC cuts target to C$12.25 from C$14.50; rating sector performer 
    * Transat AT  TRZb.TO : Desjardins cuts target price to C$15 from C$18; rating buy 
    * Transat AT  TRZb.TO : National Bank Financial cuts to sector perform from outperform  
    * Transat AT  TRZb.TO : National Bank Financial cuts price target to C$10.50 from C$14 
    * Transat AT  TRZb.TO : TD Securities cuts price target to C$12 from C$13; rating hold 
    * Trevali Mining  TV.TO : LB Securities cuts target price to C$1.30 from C$1.40; rating buy 
    * WesternOne  WEQ.TO : Canaccord Genuity cuts price target to C$8 from C$9; rating buy 
 
 
 (Compiled by Eileen Anupa Soreng in Bangalore) 
 ((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6749 
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH CANADA/