Canada Research Roundup: Acadian Timber, Stampede Drilling, West Fraser Timber

Linamar

08/07/2022 08:22

July 8 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Acadian Timber, Stampede Drilling and West Fraser Timber on
Friday. 
    
    HIGHLIGHTS           
     * Acadian Timber Corp  ADN.TO : CIBC raises to neutral from underperformer
     * Stampede Drilling Inc  SDI.V : Stifel FirstEnergy initiates with buy rating 
     * West Fraser Timber Co Ltd  WFG.TO : CIBC cuts price target to C$124 from C$146
        
Following is a summary of research actions on Canadian companies reported by Reuters on Friday.
Stock entries are in alphabetical order. 
    
     * Acadian Timber Corp  ADN.TO : CIBC raises price target to C$18 from C$17
     * Acadian Timber Corp  ADN.TO : CIBC raises to neutral from underperformer
     * Aritzia Inc  ATZ.TO : CIBC cuts price target to C$48 from C$54
     * Aritzia Inc  ATZ.TO : Scotiabank cuts target price to C$63 from C$66
     * Canfor Corp  CFP.TO : CIBC cuts price target to C$36 from C$38
     * Conifex Timber Inc  CFF.TO : CIBC cuts price target to C$2.25 from C$2.50
     * Doman Building Materials Group Ltd  DBM.TO : CIBC cuts price target to C$7.50 from C$9.00
     * Doman Building Materials Group Ltd  DBM.TO : CIBC cuts to neutral from outperformer
     * Hardwoods Distribution Inc  HDI.TO : CIBC cuts price target to C$41 from C$50
     * Interfor Corp  IFP.TO : CIBC cuts price target to C$40 from C$45
     * Linamar Corp  LNR.TO : Scotiabank cuts target price to C$80 from C$85
     * Nevada Copper Corp  NCU.TO : Haywood Securities cuts target price to C$0.25 from C$0.60
     * Stampede Drilling Inc  SDI.V : Stifel FirstEnergy initiates with buy rating 
     * Stampede Drilling Inc  SDI.V : Stifel FirstEnergy initiates with C$0.65 target price
     * Stella-Jones Inc  SJ.TO : CIBC cuts price target to C$41 from C$45
     * Transcontinental Inc  TCLa.TO : CIBC cuts price target to C$18 from C$19
     * West Fraser Timber Co Ltd  WFG.TO : CIBC cuts price target to C$124 from C$146
     * Western Forest Products Inc  WEF.TO : CIBC cuts price target to C$1.75 from C$2.50
 

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))