Canada Research Roundup: Autocanada, Badger Infrastructure Solutions, Toromont Industries

Paramount Resources (Pre-Merger)

03/05/2024 08:50

May 3 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies including Autocanada, Badger Infrastructure Solutions and Toromont
Industries, on Friday.
    
        HIGHLIGHTS    
  
                 * Autocanada Inc  ACQ.TO : CIBC cuts to underperformer from neutral 
 
                 * Badger Infrastructure Solutions Ltd  BDGI.TO : CIBC raises to outperformer from
 neutral 
 
                 * Toromont Industries Ltd  TIH.TO : CIBC cuts target price to C$128 from C$130
 
 
Following is a summary of research actions on Canadian companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
    
                 * Air Canada  AC.TO : ATB Capital Markets raises target price to C$33 from C$32
 
                 * Air Canada  AC.TO : CIBC cuts target price to C$28 from C$30
 
                 * Air Canada  AC.TO : National Bank of Canada cuts target price to C$30 from C$31
 
                 * Air Canada  AC.TO : TD Cowen cuts target price to C$33 from C$34
 
                 * Altus Group Ltd  AIF.TO : CIBC cuts target price to C$51 from C$52.5
 
                 * Aritzia Inc  ATZ.TO : CIBC raises target price to C$41 from C$37
 
                 * Atco Ltd  ACOx.TO : CIBC raises target price to C$49 from C$48
 
                 * Autocanada Inc  ACQ.TO : CIBC cuts to underperformer from neutral 
 
                 * Autocanada Inc  ACQ.TO : CIBC cuts target price to C$18 from C$25
 
                 * Badger Infrastructure Solutions Ltd  BDGI.TO : CIBC raises to outperformer from neutral 
 
                 * Badger Infrastructure Solutions Ltd  BDGI.TO : CIBC raises PT to C$54 from C$52
 
                 * Canadian Natural Resources Ltd  CNQ.TO : TD Cowen raises PT to C$117 from C$112
 
                 * Franco-Nevada Corp  FNV.TO : National Bank of Canada raises PT to C$195 from C$190
 
                 * Gfl Environmental Inc  GFL.TO : CIBC raises target price to C$59 from C$58
 
                 * Great-West Lifeco Inc  GWO.TO : Jefferies raises target price to C$46 from C$44
 
                 * IGM Financial Inc  IGM.TO : CIBC raises target price to C$45 from C$42
 
                 * Maple Leaf Foods Inc  MFI.TO : CIBC cuts target price to C$31 from C$32
 
                 * Paramount Resources Ltd  POU.TO : CIBC raises target price to C$37 from C$35
 
                 * Parkland Corp  PKI.TO : CIBC cuts target price to C$55 from C$57
 
                 * TD Bank Group  TD.TO : National Bank of Canada cuts target price to C$84 from C$92
 
                 * Tmx Group Ltd  X.TO : CIBC raises target price to C$40 from C$38
 
                 * Toromont Industries Ltd  TIH.TO : CIBC cuts target price to C$128 from C$130
 
                 * Trisura Group Ltd  TSU.TO : CIBC raises target price to C$60 from C$55
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))