Canada Research Roundup: AutoCanada, Norbord, Renaissance Oil

LXRandCo

07/05/2018 08:23

May 7 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including AutoCanada, Norbord and Renaissance Oil, on Monday. 
    
    HIGHLIGHTS
     * AutoCanada Inc  ACQ.TO : CIBC cuts to neutral from outperformer
     * Norbord Inc  OSB.TO : CIBC raises price target to C$56 from C$53
     * Renaissance Oil Corp  ROE.V : Canaccord Genuity starts with speculative buy rating
 
        
Following is a summary of research actions on Canadian companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 
     
    
     * Advantage Oil & Gas Ltd  AAV.TO : Desjardins cuts target price to C$6 from C$7.50
     * AutoCanada Inc  ACQ.TO : CIBC cuts to neutral from outperformer
     * AutoCanada Inc  ACQ.TO : CIBC cuts price target to C$22 from C$27
     * AutoCanada Inc  ACQ.TO : RBC cuts target price to C$28 from C$30
     * BCE Inc  BCE.TO : JP Morgan cuts target price to C$60 from C$62
     * Canadian Tire Corporation  CTCa.TO : Barclays raises target price to C$190 from C$187
     * Dorel Industries Inc  DIIb.TO : National Bank of Canada cuts TP to C$26.50 from C$32
     * Enercare Inc  ECI.TO : Desjardins cuts target price to C$23 from C$24
     * Fairfax Financial Holdings Ltd  FFH.TO : CIBC raises price target to C$750 from C$700
     * Lxrandco Inc  LXR.TO : Canaccord Genuity cuts target price to C$4 from C$6
     * Martinrea International Inc  MRE.TO : CIBC raises price target to C$20 from C$17
     * Melcor Real Estate Investment Trust  MR_u.TO : Desjardins cuts TP to C$8.50 from C$8.75
     * Norbord Inc  OSB.TO : CIBC raises price target to C$56 from C$53
     * Pembina Pipeline Corp  PPL.TO : CIBC cuts price target to C$51 from C$53
     * Renaissance Oil Corp  ROE.V : Canaccord Genuity starts with speculative buy rating
     * Renaissance Oil Corp  ROE.V : Canaccord Genuity starts with C$0.80 price target
    

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