Canada Research Roundup: Canadian Natural Resources, Imperial Oil, MEG Energy

Latin Explore

05/10/2018 08:28

Oct 5 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Canadian Natural Resources, Imperial Oil and MEG Energy, on
Friday. 
    
    HIGHLIGHTS
     * Bonterra Energy Corp  BNE.TO : Raymond James cuts to outperform from strong buy
     * Canadian Natural Resources Ltd  CNQ.TO : CIBC starts with outperformer rating, C$55 TP
     * Imperial Oil Ltd  IMO.TO : CIBC initiates coverage with underperformer rating
     * MEG Energy Corp  MEG.TO : CIBC initiates coverage with neutral rating, C$12 price target
        
Following is a summary of research actions on Canadian companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
    
     * Advantage Oil & Gas Ltd  AAV.TO : Raymond James cuts target price to C$4.25 from C$5
     * Altagas Ltd  ALA.TO : Raymond James cuts target price to C$22 from C$24
     * ARC Resources Ltd  ARX.TO : Raymond James cuts target price to C$22.5 from C$23
     * Aritzia Inc  ATZ.TO : CIBC raises target price to C$23 from C$22
     * Barrick Gold Corp  ABX.TO : JP Morgan raises price target to C$18 from C$17
     * Birchcliff Energy Ltd  BIR.TO : Raymond James cuts target price to C$7 from C$7.25
     * Bonavista Energy Corp  BNP.TO : CIBC cuts target price to C$1.55 from C$1.65
     * Bonavista Energy Corp  BNP.TO : National Bank of Canada cuts TP to C$1.55 from C$1.65
     * Bonavista Energy Corp  BNP.TO : Raymond James cuts target price to C$1.25 from C$1.5
     * Bonterra Energy Corp  BNE.TO : Raymond James cuts target price to C$22 from C$22.5
     * Bonterra Energy Corp  BNE.TO : Raymond James cuts to outperform from strong buy
     * Boralex Inc  BLX.TO : National Bank of Canada cuts target price to C$23.5 from C$25.5
     * Canadian Natural Resources Ltd  CNQ.TO : CIBC starts with outperformer rating, C$55 TP
     * Canadian Pacific Railway  CP.TO : National Bank of Canada raises TP to C$303 from C$286
     * Canadian Pacific Railway  CP.TO : UBS raises price target to c$325 from c$283
     * Cardinal Energy Ltd  CJ.TO : CIBC cuts target price to C$6.75 from C$7
     * Cardinal Energy Ltd  CJ.TO : Raymond James cuts target price to C$5.75 from C$6
     * CCL Industries Inc  CCLb.TO : CIBC cuts target price to C$72 from C$73
     * Cenovus Energy Inc  CVE.TO : CIBC starts with outperformer rating, C$17 price target
     * Cenovus Energy Inc  CVE.TO : Raymond James raises target price to C$17 from C$16
     * Crescent Point Energy Corp  CPG.TO : Raymond James cuts target price to C$11 from C$13
     * Crew Energy Inc  CR.TO : National Bank of Canada cuts target price to C$3 from C$3.30
     * Crew Energy Inc  CR.TO : Raymond James cuts target price to C$3.15 from C$3.4
     * Delphi Energy Corp  DEE.TO : Raymond James cuts target price to C$1.50 from C$1.75
     * Enerplus Corp  ERF.TO : National Bank of Canada cuts target price to C$23 from C$24
     * First Quantum Minerals Ltd  FM.TO : Raymond James cuts target price to C$24 from C$25
     * Freehold Royalties Ltd  FRU.TO : CIBC cuts target price to C$14.5 from C$15.5
     * Gibson Energy Inc  GEI.TO : Raymond James raises target price to C$23 from C$18.5
     * Granite Oil Corp  GXO.TO : Raymond James cuts target price to C$3.9 from C$4.5
     * Hive Blockchain Technologies HIVE.V :PI Financial cuts target to C$0.70 from C$0.85;buy
     * Hudbay Minerals Inc  HBM.TO : Raymond James cuts target price to C$9 from C$10
     * Husky Energy Inc  HSE.TO : CIBC initiates coverage with neutral rating, C$24 TP 
     * Husky Energy Inc  HSE.TO : Raymond James raises target price to C$28 from C$26
     * Imperial Oil Ltd  IMO.TO : CIBC initiates coverage with C$39 price target
     * Imperial Oil Ltd  IMO.TO : CIBC initiates coverage with underperformer rating
     * Imperial Oil Ltd  IMO.TO : JP Morgan raises price target to C$49 from C$45
     * Imperial Oil Ltd  IMO.TO : Raymond James raises target price to C$50 from C$45
     * Innergex Renewable Energy  INE.TO :National Bank of Canada cuts TP to C$17.5 from C$18.5
     * Inter Pipeline Ltd  IPL.TO : Raymond James cuts target price to C$24 from C$25
     * IPL Plastics Inc  IPLP.TO : CIBC cuts target price to C$16 from C$17
     * Keyera Corp  KEY.TO : Raymond James raises target price to C$43 from C$42
     * Leucrotta Exploration Inc  LXE.V : Raymond James cuts target price to C$2.45 from C$2.75
     * MEG Energy Corp  MEG.TO : CIBC initiates coverage with neutral rating, C$12 price target
     * MEG Energy Corp  MEG.TO : Raymond James cuts target price to C$12 from C$12.5
     * North American Construction  NOA.TO : National Bank of Canada resumes with C$21 TP
     * North American Construction  NOA.TO : National Bank of Canada resumes with outperform 
     * Northland Power  NPI.TO : National Bank of Canada cuts target price to C$25 from C$27
     * Novagold Resources Inc  NG.TO : JP Morgan cuts price target to C$8.00 from C$9.1
     * Obsidian Energy Ltd  OBE.TO : Raymond James cuts target price to C$2.25 from C$2.5
     * Painted Pony Energy Ltd  PONY.TO : CIBC cuts target price to C$3.25 from C$3.5
     * Pembina Pipeline Corp  PPL.TO : Raymond James raises target price to C$50 from C$49
     * Pengrowth Energy Corp  PGF.TO : National Bank of Canada raises TP to C$1.15 from C$1.10
     * Petroshale  PSH.V : National Bank of Canada raises target price to C$3.75 from C$3.50
     * Petrus Resources Ltd  PRQ.TO : CIBC cuts target price to C$1.15 from C$1.25
     * Petrus Resources Ltd  PRQ.TO : National Bank of Canada cuts TP to C$1.4 from C$1.5
     * Petrus Resources Ltd  PRQ.TO : Raymond James cuts target price to C$1.5 from C$2
     * Peyto Exploration & Development Corp  PEY.TO :Raymond James cuts TP to C$15.75 from C$16
     * Prairiesky Royalty Ltd  PSK.TO : CIBC cuts target price to C$30 from C$32
     * Prairiesky Royalty Ltd  PSK.TO : Raymond James cuts target price to C$28 from C$28.5
     * Seven Generations Energy Ltd  VII.TO : Raymond James cuts TP to C$27.5 from C$31
     * Source Energy Services Ltd  SHLE.TO : Canaccord Genuity cuts TP to C$6 from C$8
     * Storm Resources Ltd  SRX.TO : Raymond James cuts target price to C$3.8 from C$4.5
     * Suncor Energy  SU.TO : CIBC starts coverage as its Top Pick in Canadian large-cap sector
     * Suncor Energy  SU.TO : CIBC starts coverage with outperformer rating, C$64 price target
     * Suncor Energy  SU.TO : National Bank of Canada raises target price to C$67 from C$65
     * Suncor Energy Inc  SU.TO : Raymond James raises target price to C$70 from C$69
     * Teck Resources Ltd  TECKb.TO : Raymond James cuts target price to C$44 from C$46
     * Tourmaline Oil Corp  TOU.TO : Raymond James cuts target price to C$29.5 from C$35
     * Transalta Renewables Inc  RNW.TO : National Bank of Canada cuts TP to C$12 from C$12.5
     * Trevali Mining Corp  TV.TO : Raymond James cuts target price to C$1.25 from C$1.50
     * Vermilion Energy Inc  VET.TO : Raymond James cuts target price to C$51 from C$52
     * Whitecap Resources Inc  WCP.TO : Raymond James cuts target price to C$13.25 from C$14
     * Winpak Ltd  WPK.TO : CIBC cuts target price to C$54 from C$55
     * Yangarra Resources Ltd  YGR.TO : Raymond James cuts target price to C$7.75 from C$8.25
 

 (Compiled by Bengaluru Newsroom)
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