Canada Research Roundup: Air Canada, Loblaw Companies, Saputo

METRO

Yesterday 08:36

       Oct 22 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Air Canada, Loblaw Companies and Saputo, on Thursday.
    
    HIGHLIGHTS   
     
     * Air Canada  AC.TO : Canaccord Genuity raises to buy from hold
     * Centerra Gold Inc.  CG.TO : RBC raises target price to C$30 from C$28 
     * DPM Metals Inc.  DPM.TO : RBC raises target price to C$68 from C$65 
     * Loblaw Companies Ltd  L.TO : CIBC initiates coverage with outperformer rating
     * Saputo Inc.  SAP.TO : CIBC initiates coverage with neutral rating
 
    The following is a summary of research actions on Canadian companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
    
     * AGF Management Ltd  AGFb.TO : BMO assumes coverage with target price C$19 
     * AGF Management Ltd  AGFb.TO : BMO assumes coverage with market perform rating
     * Air Canada  AC.TO : Canaccord Genuity cuts target price to C$25 from C$29 
     * Air Canada  AC.TO : Canaccord Genuity raises to buy from hold
     * Alimentation Couche-Tard Inc  ATD.TO : CIBC initiates coverage with neutral rating
     * Alimentation Couche-Tard Inc  ATD.TO : CIBC initiates coverage with price target C$93 
     * Allied Properties REIT  AP_u.TO : TD Cowen cuts target price to C$6.50 from C$10.00 
     * Altagas Ltd.  ALA.TO : CIBC cuts target price to C$58 from C$60 
     * Altagas Ltd.  ALA.TO : CIBC cuts to neutral from outperformer
     * Artemis Gold Inc.  ARTG.V : RBC raises target price to C$62 from C$60 
     * Automotive Properties REIT  APR_u.TO : TD Cowen cuts PT to C$13.00 from C$13.50 
     * Abaxx Technologies  ABXX.TO : ATBCormark Capital Markets cuts PT to C$80.00 from C$95.00 
     * Boardwalk REIT  BEI_u.TO : TD Cowen cuts PT to C$76.00 from C$82.00 
     * Capreit  CAR_u.TO : TD Cowen cuts target price to C$41.00 from C$45.00 
     * Centerra Gold Inc.  CG.TO : RBC raises target price to C$30 from C$28 
     * Chartwell Retirement Residences  CSH_u.TO : TD Cowen cuts PT to C$26.00 from C$27.00 
     * Crombie REIT   CRR_u.TO : TD Cowen cuts PT to C$18.00 from C$19.00 
     * CT REIT  CRT_u.TO : TD Cowen cuts PT to C$18.00 from C$19.00 
     * DPM Metals Inc.  DPM.TO : RBC raises target price to C$68 from C$65 
     * Dream Impact Trust  MPCT_u.TO : TD Cowen cuts target price to C$1.50 from C$2.00 
     * Dream Industrial REIT  DIR_u.TO : TD Cowen cuts target price to C$15.00 from C$16.00 
     * Dream Office REIT D_u.TO : TD Cowen cuts PT to C$17.00 from C$19.00 
     * Dream Unlimited Corp  DRM.TO : TD Cowen cuts target price to C$25.00 from C$30.00 
     * Empire Company Limited  EMPa.TO : CIBC initiates coverage with neutral rating
     * Empire Company Limited  EMPa.TO : CIBC initiates coverage with price target C$57 
     * Enbridge Inc.  ENB.TO : CIBC cuts target price to C$75 from C$79 
     * Extendicare Inc.  EXE.TO : TD Cowen cuts target price to C$36.00 from C$39.00 
     * Faraday Copper Corp  FDY.TO : Raymond James raises target price to C$9.25 from C$8.5 
     * George Weston Limited  WN.TO : CIBC initiates coverage with outperformer rating
     * George Weston Limited  WN.TO : CIBC initiates coverage with price target C$134 
     * Gibson Energy Inc.  GEI.TO : CIBC cuts to neutral from outperformer 
     * Granite REIT GRT_u.TO : TD Cowen cuts target price to C$99.00 from C$103.00 
     * Hudbay Minerals  HBM.TO : BofA Global Research cuts price objective to C$44.50 from C$45.50 
     * Hudbay Minerals Inc.  HBM.TO : Raymond James cuts target price to C$42 from C$43 
     * Hudbay Minerals Inc.  HBM.TO : TD Cowen raises target price to C$44 from C$43 
     * Hudbay Minerals Inc.  HBM.TO : UBS cuts target price to C$45 from C$46 
     * IGM Financial Inc  IGM.TO : BMO assumes coverage with target price C$96 vs C$83 
     * IGM Financial Inc  IGM.TO : BMO assumes coverage with outperform vs market perform rating
     * K92 Mining Inc.  KNT.TO : RBC cuts target price to C$40 from C$45 
     * Keyera Corp.  KEY.TO : CIBC cuts target price to C$65 from C$66 
     * Killam Apartment REIT  KMP_u.TO : TD Cowen cuts target price to C$21.00 from C$22.00 
     * Loblaw Companies Ltd  L.TO : CIBC initiates coverage with outperformer rating
     * Loblaw Companies Ltd  L.TO : CIBC initiates coverage with price target C$81 
     * Metro Inc.  MRU.TO : CIBC initiates coverage with outperformer rating
     * Metro Inc.  MRU.TO : CIBC initiates coverage with price target C$112 
     * Morguard North American Residential REIT  MRG_u.TO :TD Cowen cuts PT to C$21.00 from C$24.00 
     * Northview Residential REIT  NRR_u.TO : TD Cowen cuts PT rice to C$16.00 from C$17.50 
     * Oceanagold Corp  OGC.TO : RBC cuts target price to C$64 from C$66 
     * Pembina Pipeline Corporation  PPL.TO : CIBC cuts target price to C$71 from C$73 
     * Pembina Pipeline Corporation  PPL.TO : CIBC cuts to neutral from outperformer
     * Riocan REIT  REI_u.TO : TD Cowen cuts target price to C$25.00 from C$26.00 
     * Saputo Inc.  SAP.TO : CIBC initiates coverage with neutral rating
     * Saputo Inc.  SAP.TO : CIBC initiates coverage with price target C$45 
     * Sienna Senior Living Inc  SIA.TO : TD Cowen cuts target price to C$26.00 from C$28.00 
     * Smartcentres REIT  SRU_u.TO : TD Cowen cuts target price to C$31.00 from C$33.00 
     * Storagevault Canada Inc  SVI.TO : TD Cowen cuts target price to C$5.50 from C$6.00 
     * Storagevault Canada Inc  SVI.TO : Canaccord Genuity cuts target to C$5.25 from C$5.75 
     * Shopify Inc  SHOP.TO : ATB Cormark Capital Markets cuts PT to C$234.00 from C$260.00 
     * Shopify In  SHOP.TO : ATB Cormark Capital Markets cuts to sector perform from outperform 
     * TCP Energy Corporation  TRP.TO : CIBC cuts target price to C$99 from C$103 
     * TCP Energy Corporation  TRP.TO : JP Morgan cuts target price to C$102 from C$106 
     * Vital Infrastructure Property Trust  VITL_u.TO : TD Cowen cuts PT to C$5.50 from C$6.00 
 
    (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))