Canada Research Roundup: AG Growth International, Interfor, Thomson Reuters

Sangoma Technologies

19/03/2020 07:54

March 19 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including AG Growth International, Interfor and Thomson Reuters, on
Thursday. 
        
  HIGHLIGHTS
     * AG Growth International Inc  AFN.TO : Scotiabank cuts target price to C$35 from C$53
     * Boyd Group Services  BYD.TO : Altacorp Capital raises to outperform from sector perform
     * Interfor Corp  IFP.TO : Scotiabank cuts target price to C$16 from C$19.50
     * Thomson Reuters  TRI.TO : National Bank of Canada raises to outperform from sector perform
     * Torex Gold Resources Inc  TXG.TO : RBC raises to outperform from sector perform
        
Following is a summary of research actions on Canadian companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.               
     * Absolute Software Corp  ABT.TO : PI Financial cuts target price to C$11.5 from C$13
     * AG Growth International Inc  AFN.TO : Scotiabank cuts target price to C$35 from C$53
     * Alimentation Couche-Tard  ATDb.TO : CIBC cuts target price to C$46 from C$50
     * Alimentation Couche-Tard  ATDb.TO : National Bank of Canada cuts TP to C$43 from C$47
     * Alimentation Couche-Tard Inc  ATDb.TO : BMO cuts price target C$44 from C$49
     * Alimentation Couche-Tard Inc  ATDb.TO : Eight Capital cuts PT to C$47 from C$51; buy
     * Alimentation Couche-Tard Inc  ATDb.TO : Raymond James cuts target to C$40 from C$49
     * Alimentation Couche-Tard Inc  ATDb.TO : Raymond James raises to strong buy from outperform
     * Alimentation Couche-Tard Inc  ATDb.TO : TD Securities cuts target to C$43 from C$46
     * Alimentation Couche-Tard Inc  ATDb.TO : TD Securities raises to buy from hold
     * Aphria Inc  APHA.TO : BofA Global Research cuts price objective to C$5 from C$8
     * Aphria Inc  APHA.TO : BofA Global Research raises to buy from neutral
     * Baytex Energy  BTE.TO : National Bank of Canada cuts target price to C$0.50 from C$1
     * Baytex Energy  BTE.TO : TD Securities cuts price target to C$0.50 from C$0.65; hold
     * Baytex Energy Corp  BTE.TO : Eight Capital cuts target price to C$0.50 from C$1
     * Baytex Energy Corp  BTE.TO : RBC cuts price target to C$0.60 from C$0.80
     * Baytex Energy Corp  BTE.TO : Scotiabank cuts price target to C$0.75 from C$3.25
     * Baytex Energy Corp  BTE.TO : Scotiabank cuts to sector perform from sector outperform
     * Boyd Group Services  BYD.TO : Altacorp Capital raises target price to C$205 from C$200
     * Boyd Group Services  BYD.TO : Altacorp Capital raises to outperform from sector perform
     * Boyd Group Services  BYD.TO : National Bank of Canada cuts TP to C$200 from C$240
     * Boyd Group Services Inc  BYD.TO : BMO cuts price target to C$184 from C$245
     * Boyd Group Services Inc  BYD.TO : TD Securities cuts price target to C$190 from C$225
     * CAE Inc  CAE.TO : RBC cuts target price to C$26 from C$45
     * CAE Inc  CAE.TO : Scotiabank cuts target price to C$23 from C$43
     * Canadian Natural Resources  CNQ.TO : Canaccord Genuity cuts TP to C$24 from C$25
     * Canadian Natural Resources Ltd  CNQ.TO : RBC cuts price target to C$25 from C$27
     * Canadian Tire Corporation  CTCa.TO : Scotiabank cuts PT to C$105 from C$165; sector perform
     * Cardinal Energy Ltd (Alberta)  CJ.TO : TD Securities cuts to reduce from hold
     * Chorus Aviation  CHR.TO : Cormark Securities cuts PT to C$4.75 from C$10.25; buy
     * Chorus Aviation Inc  CHR.TO : Canaccord Genuity cuts target price to C$5 from C$9.25
     * Computer Modelling Group Ltd  CMG.TO : RBC cuts target price to C$5 from C$8.50
     * Corus Entertainment Inc  CJRb.TO : Canaccord Genuity cuts target price to C$7 from C$9
     * Corus Entertainment Inc  CJRb.TO : National Bank of Canada cuts TP to C$3.50 from C$6
     * Endeavour Mining Corp  EDV.TO : RBC raises target price to C$34 from C$32
     * Endeavour Silver Corp  EDR.TO : BMO cuts price target to C$2 from C$2.80
     * Enerflex Ltd  EFX.TO : CIBC cuts target price to C$9 from C$10
     * Equitable Group Inc  EQB.TO : RBC cuts price target to C$61 from C$142
     * Equitable Group Inc  EQB.TO : RBC cuts to underperform from outperform
     * Fiera Capital  FSZ.TO : National Bank of Canada cuts price target to C$6 from C$14 
     * Fiera Capital  FSZ.TO : National Bank of Canada cuts to sector perform from outperform
     * First National Financial Corp  FN.TO : TD Securities cuts price target to C$30 from C$40
     * First National Financial Corp  FN.TO : TD Securities raises to buy from hold
     * First Quantum Minerals Ltd  FM.TO : Jefferies cuts target price to C$16 from C$19
     * Home Capital Group Inc  HCG.TO : RBC cuts price target to C$18 from C$38
     * Home Capital Group Inc  HCG.TO : RBC cuts to underperform from outperform
     * IGM Financial Inc  IGM.TO : RBC cuts price target to C$29 from C$44
     * IGM Financial Inc  IGM.TO : RBC cuts to underperform from sector perform
     * Information Services Corp  ISV.TO : CIBC cuts target price to C$17 from C$18.50
     * Information Services Corp  ISV.TO : RBC cuts target price to C$16 from C$17
     * Inplay Oil Corp  IPO.TO : Altacorp Capital cuts target price to C$0.40 from C$0.50
     * Intact Financial Corp  IFC.TO : RBC cuts price target to C$140 from C$153
     * Intact Financial Corp  IFC.TO : RBC raises to top pick from sector perform
     * Interfor Corp  IFP.TO : Scotiabank cuts target price to C$16 from C$19.50
     * Lightspeed Pos Inc  LSPD.TO : PI Financial cuts target price to C$40 from C$49
     * Linamar Corp  LNR.TO : Scotiabank cuts price target to C$55 from C$57
     * Macro Enterprises Inc  MCR.V : PI Financial cuts target price to C$5 from C$5.5
     * Martello Technologies Group Inc  MTLO.V : PI Financial cuts PT to C$0.35 from C$0.45
     * Martinrea International Inc  MRE.TO : Scotiabank cuts price target to C$15 from C$20
     * North American Construction Group Ltd  NOA.TO : PI Financial cuts PT to C$23 from C$25
     * Onex Corp  ONEX.TO : RBC cuts price target to C$62 from C$105
     * Onex Corp  ONEX.TO : RBC revises rating to outperform from top pick
     * Pan American Silver Corp  PAAS.TO : PI Financial cuts target price to C$32 from C$34
     * Paramount Resources   POU.TO : TD Securities cuts target to C$1.30 from C$1.50; hold
     * Paramount Resources Ltd  POU.TO : LB Securities cuts price target to C$3 from C$12
     * Pembina Pipeline Corp  PPL.TO : BMO cuts price target to C$34 from C$35
     * Pembina Pipeline Corp  PPL.TO : Cormark Securities cuts price target to C$36 from C$59
     * Pembina Pipeline Corp  PPL.TO : RBC cuts price target to C$26 from C$55
     * Power Corporation of Canada  POW.TO : CIBC cuts target price to C$22 from C$36
     * Power Corporation of Canada  POW.TO : RBC cuts target price to C$30 from C$40
     * Quorum Information Technologies Inc  QIS.V : PI Financial cuts PT to C$1.65 from C$2.15
     * Real Matters  REAL.TO : Scotiabank cuts price target to C$14 from C$15; sector perform
     * Sangoma Technologies Corp  STC.V : PI Financial cuts target price to C$2.35 from C$2.85
     * Shopify Inc  SHOP.TO : PI Financial cuts target price to C$626
     * Sierra Metals Inc  SMT.TO : Jefferies cuts price target to C$1.50 from C$1.75
     * Superior Plus Corp  SPB.TO : Scotiabank cuts target price to C$14 from C$15.25
     * Tamarack Valley Energy  TVE.TO : Canaccord Genuity cuts target price to C$1 from C$1.50
     * Tamarack Valley Energy  TVE.TO : TD Securities cuts price target to C$1.50 from C$1.75
     * Thomson Reuters  TRI.TO : National Bank of Canada cuts target price to C$93 from C$103
     * Thomson Reuters  TRI.TO : National Bank of Canada raises to outperform from sector perform
     * TMAC Resources Inc  TMR.TO : RBC cuts target price to C$1 from C$5
     * Torex Gold Resources Inc  TXG.TO : RBC raises to outperform from sector perform
     * Trevali Mining  TV.TO : Haywood Capital Markets cuts price target to C$0.10 from C$0.35
     * Vecima Networks Inc  VCM.TO : PI Financial cuts target price to C$10.85 from C$12.5
     * Well Health Technologies Corp  WELL.TO : PI Financial cuts PT to C$2.05 from C$2.45
        

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