CANADA RESEARCH ROUNDUP: Blackberry, BCE, Cineplex, Quebecor

TAG Oil

28/06/2013 23:07

June 28 (Reuters) - Securities analysts revised their ratings and price targets on several 
Canadian companies, including BCE and Quebecor, on Friday.  
     
    HIGHLIGHTS 
    * BCE Inc  BCE.TO : National Bank Financial cuts target price to C$44 from C$50 
    * Blackberry  BBRY.O : Macquarie cuts to underperform; target price to $9 from $13.50 
    * Cineplex Inc  CGX.TO : Stifel raises to buy from hold  
    * Quebecor Inc  QBRb.TO : Desjardins cuts to hold from buy  
    * Valeant Pharmaceuticals  VRX.N : Canaccord Genuity cuts target price to $110 from $112 
         
Following is a summary of research actions on Canadian companies reported by Reuters on Friday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes.  
      
    * Aimia Inc  AIM.TO : National Bank Financial cuts price target to C$17 from C$19 
    * Aurcana Corp  AUN.V : RBC raises to sector perform from underperform  
    * Aurcana Corp  AUN.V : RBC cuts target price C$2.25 from C$3.50 
    * BCE Inc  BCE.TO : National Bank Financial cuts target price to C$44 from C$50 
    * Bellatrix Exploration  BXE.TO : National Bank Financial raises target to C$10 from C$7.25 
    * Bellatrix Exploration  BXE.TO : Canaccord Genuity raises target price to C$9.50 from C$9 
    * Bellatrix Exploration  BXE.TO : Paradigm Capital raises target to C$8 from C$7; rating buy 
    * Blackberry  BBRY.O : Macquarie cuts to underperform from neutral  
    * Blackberry  BBRY.O : Macquarie cuts target price to $9 from $13.50 
    * BlackBerry  BBRY.O : Credit Suisse cuts price target to $9; rating underperform 
    * Blackberry  BBRY.O : RBC cuts price target to $15 from $18; rating sectorperform 
    * Blackberry  BBRY.O : Wells Fargo cuts to market perform from outperform 
    * Blackberry  BBRY.O : BMO capital markets cuts target to $8 from $9;underperform rating 
    * CIBC  CM.TO : Barclays cuts price target to C$76 from C$77; rating underweight  
    * Cineplex Inc  CGX.TO : RBC raises price target to C$37 from C$36; rating sector perform 
    * Cineplex Inc  CGX.TO : Stifel raises to buy from hold 
    * Coastal Energy  CEN.TO : Credit Suisse cuts target to C$28 from C$32; rating outperform  
    * Cogeco Cable Inc  CCA.TO : Desjardins raises to buy from hold  
    * DeeThree Exploration  DTX.TO : TD Securities starts with buy; price target of C$9.50 
    * Empire Company  EMPa.TO : BMO raises price target to C$84 from C$75; rating market perform 
    * Empire Company  EMPa.TO : CIBC raises price target to C$82 from C$75 
    * Empire Company  EMPa.TO : Barclays raises price target to C$83 from C$80; 
    * Enerplus Corp  ERF.TO : National Bank Financial raises target price to C$20 from C$19 
    * Enerplus Corp  ERF.TO : RBC raises price target to C$18 from C$17; rating sector perform 
    * EXFO Inc  EXF.TO : CIBC raises to sector performer from sector underperformer 
    * First Bauxite Corp FBX.V: Paradigm Capital cuts to speculative buy from buy 
    * First Bauxite Corp FBX.V: Paradigm Capital cuts target price to C$0.50 from C$0.94 
    * Gran Tierra Energy  GTE.A : Credit Suisse cuts target to $8.75 from $9; rating outperform  
    * Meg Energy Corp  MEG.TO : National Bank Financial starts with outperform; target C$42 
    * Niko Resources  NKO.TO : BMO raises price target to C$13 from C$11; rating market perform 
    * Niko Resources  NKO.TO : TD Securities cuts to hold from speculative buy 
    * Niko Resources  NKO.TO : TD Securities raises price target to C$13.50 from C$13 
    * Petrominerales  PMG.TO : Credit Suisse cuts target to C$6.25 from C$6.50; underperform 
    * Quebecor Inc  QBRb.TO : Desjardins cuts to hold from buy 
    * Resverlogix Corp  RVX.TO : MLV & Co cuts to sell from buy; target to C$0.05 from C$6.50  
    * Rogers Communications  RCIb.TO : National Bank Financial cuts target to C$44 from C$50 
    * Rona Inc  RON.TO : National Bank Financial raises target price to C$12 from C$11 
    * Rona Inc  RON.TO : Barclays raises price target to C$11 from C$9 
    * Silver Standard Resources  SSO.TO : Deutsche Bank cuts price target to C$7 from C$8.75 
    * Tag Oil  TAO.TO : Credit Suisse cuts price target to C$4.50 from C$6.50; rating neutral  
    * TELUS  T.TO : National Bank Financial cuts target to C$33 from C$40; rating outperform 
    * Transglobe Energy  TGL.TO : Credit Suisse cuts target to C$8.50 from C$10.50; neutral  
    * Transat AT Inc  TRZb.TO : CIBC raises to sector performer from sector underperformer 
    * Valeant Pharmaceuticals  VRX.N : Canaccord Genuity cuts target price to $110 from $112    
    * Whitecap Resources Inc  WCP.TO : Barclays raises price target to C$12 from C$11  
  
 
 (Compiled by Maneesha Tiwari in Bangalore) 
 ((maneesha.tiwari@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
1130)(Reuters Messaging: maneesha.tiwari.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH CANADA/