Canada Research Roundup: Fortis, Linamar, Stingray Group

Stingray

21/04/2020 08:47

April 21 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Fortis, Linamar and Stingray Group, on Tuesday. 
    
  HIGHLIGHTS
     * Fortis Inc  FTS.TO : JP Morgan raises target price to C$57 from C$55
     * Linamar Corp  LNR.TO : CIBC cuts target price to C$40 from C$43
     * Stingray Group Inc  RAYa.TO : RBC cuts to sector perform from outperform
    
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order. 
     
     * Autocanada Inc  ACQ.TO : Canaccord Genuity cuts target price to C$8 from C$12
     * Finning International Inc  FTT.TO : CIBC cuts target price to C$20 from C$27
     * Fortis Inc  FTS.TO : JP Morgan raises target price to C$57 from C$55
     * Keyera Corp  KEY.TO : RBC raises target price to C$24 from C$16
     * Linamar Corp  LNR.TO : CIBC cuts target price to C$40 from C$43
     * Martinrea International Inc  MRE.TO : CIBC cuts target price to C$13 from C$13.50
     * Stingray Group Inc  RAYa.TO : RBC cuts to sector perform from outperform
     * Stingray Group Inc  RAYa.TO : RBC cuts target price to C$6 from C$9
     * Toromont Industries Ltd  TIH.TO : CIBC cuts target price to C$70 from C$75
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))