Canada Research Roundup: Bank of Montreal, Cargojet, Scotiabank

Morguard

02/03/2021 09:25

March 2 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Bank of Montreal, Cargojet and Scotiabank, on Tuesday. 
    
    HIGHLIGHTS    
     * Bank of Montreal  BMO.TO : CIBC raises target price to C$122 from C$120
     * Cargojet Inc  CJT.TO : CIBC cuts target price to C$245 from C$265
     * Scotiabank  BNS.TO : CIBC raises to outperformer from neutral
        
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.  
     * Air Canada  AC.TO : Citigroup raises price target to C$26.5 from C$21
     * Algoma Central Corp  ALC.TO : Cormark Securities raises target price to C$19 from C$15.5
     * Bank of Montreal  BMO.TO : CIBC raises target price to C$122 from C$120
     * CAE Inc  CAE.TO : Canaccord Genuity raises price target to C$38 from C$34
     * Canadian Western Bank  CWB.TO : Cormark Securities raises target price to C$36 from C$32
     * Cargojet Inc  CJT.TO : Atb Capital Markets cuts price target to C$225 from C$275
     * Cargojet Inc  CJT.TO : Canaccord Genuity cuts price target to C$200 from C$250
     * Cargojet Inc  CJT.TO : CIBC cuts target price to C$245 from C$265
     * Cargojet Inc  CJT.TO : National Bank of Canada cuts target price to C$231 from C$254
     * Endeavour Silver Corp  EDR.TO : CIBC raises target price to C$8.25 from C$7.25
     * Morguard Corp  MRC.TO : CIBC cuts target price to C$165 from C$175
     * National Bank of Canada  NA.TO : CIBC cuts target price to C$89 from C$92
     * Royal Bank of Canada  RY.TO : CIBC cuts target price to C$120 from C$128
     * Scotiabank  BNS.TO : CIBC raises target price to C$86 from C$83
     * Scotiabank  BNS.TO : CIBC raises to outperformer from neutral
     * Tamarack Valley Energy Ltd  TVE.TO : CIBC raises target price to C$2.5 from C$2.25
    

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