Canada Research Roundup: Conifex Timber, Innergex Renewable Energy, Storagevault Canada

Northwest Copper

10/01/2023 06:56

Jan 10 (Reuters) - Securities analysts revised their ratings and price targets on
several Canadian companies, including Conifex Timber, Innergex Renewable Energy and Storagevault
Canada on Tuesday. 
    HIGHLIGHTS   
                 * Conifex Timber Inc  CFF.TO : CIBC cuts to underperformer from neutral
 
                 * Innergex Renewable Energy Inc  INE.TO : CIBC cuts to neutral from outperformer 
 
                 * Storagevault Canada Inc  SVI.TO : TD Securities resumes coverage with buy rating
 
 Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
                 * Acadian Timber Corp  ADN.TO : CIBC cuts target price to C$16 from C$17 
 
                 * Atco Ltd  ACOx.TO : CIBC raises target price to C$51 from C$50 
 
                 * Boralex Inc  BLX.TO : CIBC raises target price to C$49 from C$44 
 
                 * Canadian Utilities Ltd  CU.TO : CIBC raises target price to C$38 from C$37 
 
                 * Canfor Pulp Products Inc  CFX.TO : CIBC cuts target price to C$4.75 from C$6 
 
                 * Capital Power Corp  CPX.TO : CIBC raises target price to C$52 from C$50 
 
                 * Conifex Timber Inc  CFF.TO : CIBC cuts to underperformer from neutral
 
                 * Conifex Timber Inc  CFF.TO : CIBC cuts target price to C$1.5 from C$1.75 
 
                 * Emera Inc  EMA.TO : CIBC raises target price to C$55 from C$54 
 
                 * Fortis Inc  FTS.TO : CIBC raises target price to C$57 from C$55 
 
                 * Hydro One Ltd  H.TO : CIBC raises target price to C$39 from C$36 
 
                 * Innergex Renewable Energy Inc  INE.TO : CIBC cuts to neutral from outperformer 
 
                 * Interfor Corp  IFP.TO : CIBC cuts target price to C$27 from C$32 
 
                 * Noranda Income Fund  NIF_u.TO : TD Securities cuts to tender from hold 
 
                 * Noranda Income Fund  NIF_u.TO : TD Securities raises target price to C$1.42 from C$1 
 
                 * Northwest Copper Corp  NWST.V : Haywood Securities cuts target price to C$0.7 from
 C$1.1 
 
                 * Richelieu Hardware Ltd  RCH.TO : CIBC cuts target price to C$46 from C$47 
 
                 * Stella-Jones Inc  SJ.TO : CIBC raises target price to C$57 from C$54 
 
                 * Storagevault Canada Inc  SVI.TO : TD Securities resumes coverage with buy rating
 
                 * Storagevault Canada Inc  SVI.TO : TD Securities resumes coverage with PT C$8 vs C$7.50 
 
                 * Storagevault Canada Inc  SVI.V : National Bank of Canada resumes coverage with
 outperform 
 
                 * Storagevault Canada Inc  SVI.V : National Bank of Canada resumes coverage with C$7 PT
 
                 * Transalta Renewables Inc  RNW.TO : CIBC cuts target price to C$13.5 from C$15 
 
                 * Vermilion Energy Inc  VET.TO : Stifel FirstEnergy cuts target price to C$37 from C$42 
 
                 * Western Forest Products Inc  WEF.TO : CIBC cuts target price to C$1.25 from C$1.50 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))