CANADA RESEARCH ROUNDUP: BCE Inc, Rogers Communications, BlackBerry

TAG Oil

02/07/2013 22:59

July 2 (Reuters) - Securities analysts revised their ratings and price targets on several 
Canadian companies, including BCE and BlackBerry, on Tuesday.  
     
    HIGHLIGHTS   
    * Telecom: Canaccord Genuity cuts price target on BCE  BCE.TO , others  ID:nWNAB023SA  
    * BlackBerry  BBRY.O : CIBC, National Bank Financial cut target price 
    * Barrick Gold  ABX.N : Jefferies cuts to hold from buy; target price to $14 from $30 
         
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order. 
     
    * Aimia Inc  AIM.TO : Canaccord Genuity cuts target price by C$0.20 to C$18.10; rating buy 
    * Alpha Minerals  AMW.V : Raymond James starts with outperform rating 
    * Aurcana Corp  AUN.V : Stonecap cuts to underperform from sector perform  
    * Aurcana Corp  AUN.V : Stonecap cuts price target to C$3 from C$3.75 
    * Barrick Gold  ABX.N : Jefferies cuts to hold from buy; target price to $14 from $30 
    * Barrick Gold  ABX.N  : TD Securities cuts price target to $21 from $24;rating hold 
    * Barrick Gold  ABX.N  : Barclays cuts price target to $22 from $24; rating equal weight 
    * BCE Inc  BCE.TO : Canaccord Genuity cuts to hold from buy; target price to C$44 from C$46 
    * BlackBerry  BBRY.O : CIBC cuts target to $14 from $20; sector outperformer - speculative  
    * BlackBerry  BBRY.O : National Bank Financial cuts target to $8 from $10; underperform 
    * BlackBerry  BBRY.O : RBC cuts target price to $15 from $18; rating sector perform 
    * BlackBerry  BBRY.O  : TD Securities cuts price target to $13 from $17; rating hold 
    * BlackBerry  BBRY.O : Paradigm Capital cuts target price to $15 from $19 
    * BRP Inc  DOO.TO : RBC starts with outperform; price target C$29 
    * BRP Inc  DOO.TO : National Bank Financial starts coverage with outperform; target C$29 
    * BRP Inc  DOO.TO : Baird starts with neutral rating; price target $28 
    * BRP Inc  DOO.TO : UBS starts with buy rating; target price of C$28 
    * BRP Inc  DOO.TO : National Bank Financial starts with outperform rating; price target C$29 
    * Coastal Energy  CEN.TO : CIBC cuts target price to C$19 from C$20; sector outperformer 
    * Fission Uranium  FCU.V : Raymond James starts with outperform rating 
    * Goldcorp Inc  GG.N : Jefferies cuts to underperform from hold; target to $19 from $27  
    * Kinross Gold  KGC.N : Jefferies cuts to underperform from hold; target to $3.75 from $5.50 
    * Migao Corporation  MGO.TO : TD Securities cuts target price to C$1.05 from C$1.10 
    * New Millennium Iron  NML.TO : Paradigm Capital cuts target price to C$2.75 from C$3.10 
    * Newmont Mining  NEM.N : Jefferies cuts to underperform from hold; target to $18 from $30 
    * Orezone Gold Corp  ORE.TO : CIBC cuts to sector performer from sector outperformer 
    * Orezone Gold Corp  ORE.TO : CIBC cuts target price to C$2 from C$3.15 
    * RioCan REIT  REI_u.TO : RBC raises to outperform from sector perform; price target C$31 
    * Rogers Communications  RCIb.TO : Canaccord Genuity cuts target to C$44 from C$50; buy 
    * Shaw Communications  SJRb.TO : Canaccord Genuity raises target to C$22 from C$21; sell 
    * Shaw Communications  SJRb.TO : National Bank Financial ups target to C$23.50 from C$22 
    * Shaw Communications  SJRb.TO : RBC raises target to C$24 from C$23; rating sector perform 
    * Shaw Communications  SJRb.TO : TD Securities raises price target to C$29 from C$28 
    * Shaw Communications  SJRb.TO : BMO raises target price to C$27 from C$25 
    * Shaw Communications  SJRb.TO : Desjardins raises target price to C$25.50 from C$24 
    * Shaw Communications  SJRb.TO : Credit Suisse ups target to C$24 from C$23; rating neutral 
    * TAG Oil  TAO.TO : National Bank Financial cuts target to C$7.50 from C$8.25; outperform 
    * TAG Oil  TAO.TO : Mackie Research cuts target price to C$7.75 from C$8; rating buy 
    * Telus Corp  T.TO : Canaccord Genuity cuts target price to C$35 from C$40; rating buy  
    * Valeant Pharmaceuticals  VRX.N : RBC raises target to $100 from $76; rating outperform 
    * Western Energy Services  WRG.TO : TD Securities starts with buy rating; C$10 price target 
 
 (Compiled by Eileen Anupa Soreng and Maneesha Tiwari in Bangalore) 
 ((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 6749 
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH CANADA/