Canada Research Roundup: Automotive Properties, First Quantum Minerals, Telesat

Timbercreek Financial

Mon 07:48

Oct 26 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including Automotive Properties, First Quantum Minerals and Telesat, on Monday.
     
HIGHLIGHTS 
* Automotive Properties REIT APR_u.TO: Canaccord Genuity cuts to hold from buy
* Dream Office REITD_u.TO: Canaccord Genuity cuts target price to C$19.25 from C$22.75 
* First Quantum Minerals Ltd FM.TO: Morgan Stanley raises PT to C$47.7 from C$47.3 
* Riocan REITREI_u.TO: Canaccord Genuity cuts target price to C$22 from C$22.5 
* Telesat Corp TSAT.TO: CIBC initiates coverage with outperformer rating
     
Following is a summary of research actions on Canadian companies reported by Reuters on Monday. Stock entries are in alphabetical order. 
      

* A&W Food Services of Canada Inc AW.TO: TD Cowen initiates coverage with buy rating
* A&W Food Services of Canada Inc AW.TO: TD Cowen initiates coverage with PT C$41 
* Act Energy Technologies Ltd ACX.TO: ATB Cormark Capital Markets raises target price to C$11.50 from C$9.75 -
* Air Canada AC.TO: CIBC cuts target price to C$36 from C$40 
* Atrium Mortgage Investment Corp AI.TO: Canaccord Genuity cuts PT to C$12.25 from C$13 
* Automotive Properties REIT APR_u.TO: Canaccord Genuity cuts PT to C$12.75 from C$13.5 
* American Tungsten Corp TUNG.V: Canaccord Genuity initiates coverage with speculative buy rating; target price C$3 -
* Automotive Properties REIT APR_u.TO: Canaccord Genuity cuts to hold from buy
* Bombardier BBDb.TO: CIBC raises target price to C$368 from C$365 
* BTB REITBTB_u.TO: Canaccord Genuity cuts target price to C$3.75 from C$4 
* Cadillac Mines Corp CADY.TO: CIBC cuts target price to C$11.50 from C$13 
* Calfrac Well Services Ltd. CFW.TO: ATB Cormark Capital Markets raises target price to C$9.75 from C$9.00 -
* Canadian Net REITNET_u.V: Canaccord Genuity cuts target price to C$6.75 from C$7.25 
* Capital Power Corp CPX.TO: Jefferies cuts target price to C$67 from C$72 
* Capreit CAR_u.TO: Canaccord Genuity cuts target price to C$36 from C$40
* CES Energy Solutions Corp CEU.TO: ATB Cormark Capital Markets cuts to sector perform from outperform; raises target price to C$23.50 from C$21.00 
* Chartwell Retirement Residences CSH_u.TO: Canaccord Genuity cuts PT to C$25 from C$26 
* Choice Properties REITCHP_u.TO: Canaccord Genuity cuts PT to C$16.5 from C$17.5 
* Crombie REITCRR_u.TO: Canaccord Genuity cuts target price to C$16.75 from C$17.5 
* Dream Industrial REIT DIR_u.TO: Canaccord Genuity cuts PT to C$15.25 from C$16.5 
* Dream Office REITD_u.TO: Canaccord Genuity cuts target price to C$19.25 from C$22.75 
* Dream Unlimited Corp DRM.TO: Canaccord Genuity cuts target price to C$30 from C$38 
* Element Fleet Management Corp. EFN.TO: Scotiabank cuts target price to C$32 from C$41 
* Enerflex Ltd. EFX.TO: ATB Cormark Capital Markets raises PT to C$57.00 from C$56.00 
* Ensign Energy Services, Inc ESI.TO: ATB Cormark Capital Markets raises PT to C$5.25 from C$4.50 
* Fiera Capital Corporation FSZ.TO: Scotiabank cuts target price to C$4.25 from C$5.75 
* Fiera Capital Corporation FSZ.TO: TD Cowen cuts target price to C$3.25 from C$5 
* Firm Capital Mortgage Investment Corp FC.TO: Canaccord Genuity cuts PT to C$11.75 from C$12.5 
* Firm Capital Property Trust FCD_u.TO: Canaccord Genuity cuts PT to C$7.25 from C$7.5 
* First Quantum Minerals Ltd FM.TO: Morgan Stanley raises PT to C$47.7 from C$47.3 
* GFL Environmental Inc. GFL.TO: ATB Cormark Capital Markets cuts PT to C$87 from C$89 
* Granite REITGRT_u.TO: Canaccord Genuity cuts target price to C$98.5 from C$105 
* Groupe Dynamite Inc. GRGD.TO: Barclays raises target price to C$88 from C$79 
* Holcim Ltd. HOLN.S: Morgan Stanley raises target price to CHF 82 from CHF 79 
* IGM Financial Inc IGM.TO: TD Cowen raises target price to C$95 from C$94 
* Killam Apartment REIT KMP_u.TO: Canaccord Genuity cuts PT to C$18.50 from C$19.50 
* MCAN Mortgage Corp MKP.TO: Canaccord Genuity cuts target price to C$24 from C$26.5 
* Maple Gold Mines Ltd MGM.V: ATB Cormark Capital Markets initiates coverage with buy rating; target price C$6.5 -
* Nexus Industrial REIT NXR_u.TO: Canaccord Genuity cuts PT to C$8.25 from C$9 
* North American Construction Group Ltd NOA.TO: ATB Cormark Capital Markets raises to outperform from sector perform 
* Onex Corporation ONEX.TO: TD Cowen raises target price to C$165 from C$163 
* Parkit Enterprise Inc PKT.V: Canaccord Genuity cuts target price to C$11 from C$12 
* PHX Energy Services Corp PHX.TO: ATB Cormark Capital Markets ups PT to C$15.50 from C$15.00 
* Plaza Retail REIT PLZ_u.TO: Canaccord Genuity cuts to hold from buy
* Plaza Retail REIT cuts target price to C$5.65 from C$5.75
* Precision Drilling Corp(Calgary) PD.TO: ATB Cormark Capital Markets ups PT to C$170.00 from C$160.00 
* Primaris REITPMZ_u.TO: Canaccord Genuity cuts target price to C$25 from C$25.5 
* Pro REITPRV_u.TO: Canaccord Genuity cuts target price to C$7.25 from C$7.50 
* Riocan REITREI_u.TO: Canaccord Genuity cuts target price to C$22 from C$22.5 
* Rogers Communications Inc RCIb.TO: Scotiabank cuts target price to C$59 from C$60 
* Sienna Senior Living Inc SIA.TO: Canaccord Genuity cuts PT to C$26 from C$27.5 
* Teck Resources Ltd TECKb.TO: Scotiabank cuts target price to C$83 from C$98 
* Telesat Corp TSAT.TO: CIBC initiates coverage with outperformer rating
* Telesat Corp TSAT.TO: CIBC initiates coverage with price target C$105 
* Timbercreek Financial Corp TF.TO: Canaccord Genuity cuts PT to C$5.25 from C$6.25 
* Total Energy Services Inc TOT.TO: ATB Cormark Capital Markets ups PT to C$47.50 from C$42.00 
* True North Commercial REIT TNT_u.TO: Canaccord Genuity cuts PT to C$7.50 from C$10 
* True North Commercial REIT TNT_u.TO: Canaccord Genuity cuts to hold from buy
* Western Energy Services Corp WRG.TO: ATB Cormark Capital Markets raises target price to C$4.50 from C$3.50 

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