CANADA RESEARCH ROUNDUP: AuRico Gold, TMX, Wajax Corp

Mainstreet Equity

13/05/2013 18:32

May 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
Canadian companies, including AuRico Gold, TMX and Wajax Corp, on Monday.  
     
    HIGHLIGHTS    
    * AuRico Gold Inc  AUQ.TO : Desjardins raises to buy; Dundee cuts target price  
    * TMX Group  X.TO : RBC cuts to underperform; BMO, TD Securities cut target price  
    * Pembina Pipeline  PPL.TO : RBC, BMO, TD Securities up price target on stock 
    * Equitable Group  ETC.TO : BMO cuts to market perform; M Partners, TD Securities up target  
    * Wajax Corp  WJX.TO : Raymond James, RBC, BMO, TD Securities, M Partners cut price target  
         
Following is a summary of research actions on Canadian companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
     
    * Ag Growth  AFN.TO : TD Securities raises to buy from hold 
    * Ag Growth  AFN.TO : TD Securities raises price target to C$38 from C$33 
    * Algonquin Power  AQN.TO : BMO raises price target to C$8.75 from C$8.50; rating outperform 
    * Algonquin Power  AQN.TO : TD Securities ups target to C$8.50 from C$8; rating hold 
    * Asanko Gold Inc  AKG.TO : BMO raises to market perform from underperform 
    * AuRico Gold Inc  AUQ.TO : Dundee cuts target price to C$6.50 from C$7.50; rating neutral 
    * AuRico Gold Inc  AUQ.TO : Desjardins raises to buy from hold 
    * AuRico Gold Inc  AUQ.TO : Desjardins cuts price target to C$7.50 from C$8 
    * Carillion  CLLN.L : Canaccord Genuity cuts target price to 290p from 350p; rating hold 
    * Cervus Equipment  CVL.TO : RBC cuts price target to C$21 from C$22; rating sector perform 
    * Chorus Aviation  CHRb.TO : Canaccord Genuity cuts to sell from buy  
    * Chorus Aviation  CHRb.TO : Canaccord Genuity cuts target price to C$1.50 from C$4.75 
    * Chorus Aviation  CHRb.TO : TD Securities cuts target to C$3.50 from C$4.25; rating hold 
    * Crombie REIT  CRR_u.TO : BMO ups target to C$16 from C$15.75; rating market perform 
    * Dundee Int'l REIT  DI_u.TO : TD Securities cuts target to C$12 from C$12.50; rating buy 
    * Dundee Int'l REIT  DI_u.TO : M Partners cuts target to C$12.50 from C$12.75; rating buy 
    * Edleun Group  EDU.V : Dundee Capital cuts to neutral from buy;target to C$0.45 from C$0.50 
    * EGI Financial  EFH.TO : BMO cuts target price to C$11.50 from C$12; rating market perform 
    * Enerplus Corp  ERF.TO : CIBC raises to sector performer from sector underperformer  
    * Enerplus Corp  ERF.TO : CIBC raises price target to C$16 from C$13 
    * Enerplus Corp  ERF.TO : Raymond James raises to outperform from market perform  
    * Enerplus Corp  ERF.TO : Raymond James raises price target to C$17 from C$16 
    * Enerplus Corp  ERF.TO : BMO raises price target to C$16 from C$15; rating market perform 
    * Enerplus Corp  ERF.TO : TD Securities ups target to C$19.50 from C$18.50; rating buy 
    * Enerplus Corp  ERF.TO : Barclays raises price target to C$17 from C$15; rating overweight 
    * Equitable Group  ETC.TO : BMO cuts to market perform from outperform 
    * Equitable Group  ETC.TO : M Partners raises price target to C$49 from C$48; rating buy 
    * Equitable Group  ETC.TO : TD Securities raises price target to C$46 from C$45; rating buy 
    * Gluskin Sheff + Associates  GS.TO : M partners ups target to C$21.25 from C$18.75 
    * IBI Group Inc  IBG.TO : Dundee cuts target price to C$4 from C$5.50; rating neutral 
    * IBI Group Inc  IBG.TO : TD Securities cuts price target to C$3.50 from C$6.50; rating hold 
    * IBI Group Inc  IBG.TO : Raymond James cuts target to C$4 from C$6; rating market perform 
    * Leisureworld Senior Care  LW.TO : Canaccord raises target to C$15 from C$14; rating buy 
    * Lithium Americas  LAC.TO : Dundee cuts to neutral from buy 
    * Lithium Americas  LAC.TO : Dundee cuts target price to C$2 from C$2.60 
    * Lone Pine Resources  LPR.TO : TD Securities cuts to hold from speculative buy  
    * Lone Pine Resources  LPR.TO : TD Securities cuts price target to C$1.15 from C$1.75 
    * Magna International Inc  MGA.N : RBC raises price target to $74 from $65;rating outperform 
    * Magna International Inc  MGA.N : BMO raises target price to $75 from $65;rating outperform 
    * Magna International Inc  MGA.N : Deutsche Bank ups target to $67 from $60; rating hold 
    * Mainstreet Equity  MEQ.TO : Canaccord raises target to C$37 from C$36.70; rating hold 
    * Mainstreet Equity  MEQ.TO : TD Securities ups target price to C$37 from C$36; rating hold 
    * Mercator Minerals  ML.TO : Laurentian Bank cuts target to C$0.45 from C$0.60; rating buy 
    * Onex Corp  OCX.TO : BMO raises target price to C$51 from C$49.50; rating market perform 
    * Onex Corp  OCX.TO : TD Securities raises price target to C$50 from C$48; rating  
    * Pembina Pipeline  PPL.TO : RBC raises target price to C$37 from C$35; rating outperform 
    * Pembina Pipeline  PPL.TO : BMO ups target to C$34 from C$33; rating market perform 
    * Pembina Pipeline  PPL.TO : TD Securities ups target to C$35 from C$32; rating hold 
    * Premium Brands  PBH.TO : BMO raises target to C$19 from C$18.50; rating market perform 
    * Renegade Petroleum  RPL.V : Raymond James cuts target to C$2 from C$2.25 
    * Renegade Petroleum  RPL.V : Dundee cuts target price to C$2.10 from C$2.50; rating buy 
    * Rogers Communications  RCIb.TO : TD Securities ups target to C$52 from C$51; rating hold 
    * San Gold  SGR.TO : Stonecap cuts price target to C$0.20 from C$0.25; rating underperform 
    * Scorpio Mining  SPM.TO : Mackie Research cuts target to C$1.80 from C$2.25; rating buy 
    * ShawCor  SCL.TO : TD Securities ups target price to C$50 from C$49; rating action list buy 
    * Silver Wheaton Corp  SLW.N : TD Securities cuts target price to $35 from$36; rating buy 
    * Southern Pacific  STP.TO : RBC cuts to sector perform from outperform  
    * Southern Pacific  STP.TO : RBC cuts target price to C$0.75 from C$1.50 
    * Southern Pacific  STP.TO : BMO cuts target price to C$1 from C$1.75; rating outperform  
    * St Andrew Goldfields  SAS.TO : Stonecap cuts target to C$0.70 from C$0.80 
    * Surge Energy Inc  SGY.TO : Raymond James ups target to C$6 from C$5.50; rating outperform 
    * Surge Energy Inc  SGY.TO : TD Securities cuts to hold from buy 
    * Surge Energy Inc  SGY.TO : TD Securities raises target price to C$5 from C$4 
    * TMX Group  X.TO : RBC cuts to underperform from sector perform 
    * TMX Group  X.TO : RBC cuts price target to C$48 from C$55 
    * TMX Group  X.TO : BMO cuts target price to C$58 from C$64.50; rating outperform 
    * TMX Group  X.TO : TD Securities cuts target price to C$47 from C$48; rating reduce 
    * Wajax Corp  WJX.TO : Raymond James cuts target to C$33.50 from C$40; rating market perform 
    * Wajax Corp  WJX.TO : RBC cuts target price to C$35 from C$38; rating sector perform 
    * Wajax Corp  WJX.TO : BMO cuts target price to C$31 from C$38; rating market perform 
    * Wajax Corp  WJX.TO : TD Securities cuts target price to C$32 from C$37; rating hold 
    * Wajax Corp  WJX.TO : M Partners cuts price target to C$39 from C$48.50; rating buy 
  
 
 (Compiled by Rachel Chitra and Maneesha Tiwari in Bangalore) 
 ((rachel.chitra@thomsonreuters.com)(within U.S. +1 646 223 8780)(Bangalore Equities Newsdesk 
+91 80 4135 5800)(within U.S. +1 646 223 8780)(Reuters Messaging: 
rachel.chitra.reuters.com@reuters.net)) 
 
Keywords: RESEARCH CANADA/