Canada Research Roundup: ARC Resource, Baytex Energy, Tourmaline Oil

Mullen

21/07/2023 08:21

July 21 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including ARC Resource, Baytex Energy and Tourmaline Oil, on Friday.

    HIGHLIGHTS       
                 * ARC Resources Ltd  ARX.TO : Canaccord Genuity initiates with buy rating 
 
                 * Baytex Energy Corp  BTE.TO : Canaccord Genuity initiates with buy rating 
 
                 * Tourmaline Oil Corp  TOU.TO : Canaccord Genuity initiates with buy rating 
 
 
Following is a summary of research actions on Canadian companies reported by Reuters on Friday.
Stock entries are in alphabetical order.

                 * ARC Resources Ltd  ARX.TO : Canaccord Genuity initiates with buy rating 
 
                 * ARC Resources Ltd  ARX.TO : Canaccord Genuity initiates with C$22.5 target price 
 
                 * ATCO Ltd  ACOx.TO : CIBC cuts target price to C$51 from C$53 
 
                 * Baytex Energy Corp  BTE.TO : Canaccord Genuity initiates with buy rating 
 
                 * Baytex Energy Corp  BTE.TO : Canaccord Genuity initiates with C$6 target price 
 
                 * BCE Inc  BCE.TO : Canaccord Genuity cuts target price to C$61 from C$63 
 
                 * Boralex Inc  BLX.TO : CIBC cuts target price to C$45 from C$47 
 
                 * Canadian Utilities Ltd  CU.TO : CIBC cuts target price to C$38 from C$40 
 
                 * Capital Power Corp  CPX.TO : CIBC cuts target price to C$49 from C$50 
 
                 * Crescent Point Energy Corp  CPG.TO : Canaccord Genuity initiates with buy rating 
 
                 * Crescent Point Energy Corp  CPG.TO : Canaccord Genuity initiates with C$12.50 target
 price 
 
                 * Emera Inc  EMA.TO : CIBC cuts target price to C$58 from C$60 
 
                 * Fortis Inc  FTS.TO : CIBC cuts target price to $59 from $61 
 
                 * Hydro One Ltd  H.TO : CIBC cuts target price to C$40 from C$41 
 
                 * Innergex Renewable Energy Inc  INE.TO : CIBC cuts target price to C$16 from C$16.50 
 
                 * Lithium Royalty Corp  LIRC.TO : Citigroup raises price target to C$19 from C$18.5 
 
                 * Mullen Group Ltd  MTL.TO : CIBC raises target price to C$16.50 from C$16 
 
                 * Mullen Group Ltd  MTL.TO : RBC raises target price to C$15 from C$14 
 
                 * Northland Power Inc  NPI.TO : CIBC cuts target price to C$36 from C$37 
 
                 * Tourmaline Oil Corp  TOU.TO : Canaccord Genuity initiates with buy rating 
 
                 * Tourmaline Oil Corp  TOU.TO : Canaccord Genuity initiates with C$75 target price 
 
                 * Transalta Corp  TA.TO : CIBC raises target price to C$17.50 from C$17 
 
                 * Vermilion Energy Inc  VET.TO : Canaccord Genuity initiates with C$24.50 target price 
 
                 * Vermilion Energy Inc  VET.TO : Canaccord Genuity initiates with buy rating 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))