Canada Research Roundup: Cineplex, Freshlocal Solutions, Manulife Financial

Roots

16/12/2021 07:17

Dec 16 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Cineplex, Freshlocal Solutions and Manulife Financial on Thursday.
    
    HIGHLIGHTS        
     * Cineplex Inc  CGX.TO : CIBC raises to outperformer from neutral
     * Freshlocal Solutions Inc  LOCL.TO : Canaccord Genuity cuts to hold from buy
     * Manulife Financial Corp  MFC.TO : CIBC cuts to underperformer from neutral
                          
Following is a summary of research actions on Canadian companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.   
    
     * Altagas Ltd  ALA.TO : CIBC raises target price to C$30 from C$29
     * Altagas Ltd  ALA.TO : Scotiabank raises target price to C$30 from C$29
     * Aritzia Inc  ATZ.TO : RBC raises target price to C$52 from C$44
     * Canadian National Railway Co  CNR.TO : National Bank of Canada raises PT to C$170 from C$153
     * Canadian Pacific Railway Ltd  CP.TO : National Bank of Canada raises PT to C$98 from C$97
     * Cineplex Inc  CGX.TO : Canaccord Genuity raises target price to C$19 from C$15
     * Cineplex Inc  CGX.TO : Canaccord Genuity raises to speculative buy from hold
     * Cineplex Inc  CGX.TO : CIBC raises target price to C$19 from C$16
     * Cineplex Inc  CGX.TO : CIBC raises to outperformer from neutral
     * Freshlocal Solutions Inc  LOCL.TO : Canaccord Genuity cuts PT to C$0.85 from C$6.5
     * Freshlocal Solutions Inc  LOCL.TO : Canaccord Genuity cuts to hold from buy
     * Greenlane Renewables Inc  GRN.TO : TD Securities raises target price to C$2.75 from C$2.5
     * H2O Innovation Inc  HEO.V : Canaccord Genuity raises target price to C$3.75 from C$3.25
     * Lundin Gold Inc  LUG.TO : CIBC cuts target price to C$14 from C$15
     * Manulife Financial Corp  MFC.TO : CIBC cuts target price to C$25.50 from C$27
     * Manulife Financial Corp  MFC.TO : CIBC cuts to underperformer from neutral
     * Nomad Royalty Company Ltd  NSR.TO : Canaccord Genuity cuts target price to C$17 from C$18
     * Prairiesky Royalty  PSK.TO : National Bank of Canada resumes coverage with sector perform rating
     * Prairiesky Royalty  PSK.TO : National Bank of Canada resumes coverage with PT C$21
     * Roots Corp  ROOT.TO : Canaccord Genuity raises target price to C$3.75 from C$3.5
     * Tamarack Valley Energy Ltd  TVE.TO : Atb Capital Markets raises PT to C$5.25 from C$4.75
     * Tamarack Valley Energy Ltd  TVE.TO : National Bank of Canada raises PT to C$5.5 from C$5
 

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