Canada Research Roundup: MEG Energy, Peyto Exploration & Development, Quarterhill

Total Energy Services

07/01/2019 10:50

Jan 7 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including MEG Energy, Peyto Exploration & Development and Quarterhill, on
Monday. 
    
  HIGHLIGHTS
     * Crescent Point Energy  CPG.TO : TD Securities raises rating to buy from hold
     * MEG Energy Corp  MEG.TO : RBC cuts to sector perform from outperform
     * Peyto Exploration & Development  PEY.TO : RBC cuts to sector perform from outperform
     * Quarterhill Inc  QTRH.TO : Canaccord Genuity cuts to hold from speculative buy
     * Shawcor Ltd  SCL.TO : TD Securities raises rating to buy from hold
        
Following is a summary of research actions on Canadian companies reported by Reuters on Monday.
Stock entries are in alphabetical order.    
    
     * B2Gold Corp  BTO.TO : Eight Capital cuts price target to C$5 from C$5.40
     * BCE Inc  BCE.TO : Canaccord Genuity raises to buy from hold
     * Canadian National Railway  CNR.TO : Morgan Stanley raises target to C$115 from C$114
     * Capreit  CAR_u.TO : CIBC resumes coverage with neutral rating; price target C$49
     * Capreit  CAR_u.TO : TD Securities raises to buy from hold; raises TP to C$52 from C$51
     * Cardinal Energy CJ.TO :TD Securities cuts to hold from buy;cuts TP to C$2.75 from C$4.75
     * Cascades  CAS.TO : TD Securities cuts to hold from buy; cuts target to C$12 from C$14
     * Crescent Point Energy  CPG.TO : TD Securities raises rating to buy from hold
     * Crescent Point Energy  CPG.TO : TD Securities cuts price target to C$7.50 from C$8
     * Crew Energy  CR.TO : TD Securities ups to buy from hold; raises TP to C$1.90 from C$1.40
     * Eldorado Gold Corp  ELD.TO : Eight Capital raises price target to C$4.40 from C$1.30
     * Kirkland Lake Gold  KL.TO : Eight Capital raises price target to C$42.50 from C$33.25
     * MEG Energy Corp  MEG.TO : RBC cuts price target to C$8.15 from C$12
     * MEG Energy Corp  MEG.TO : RBC cuts to sector perform from outperform
     * Morguard North American Residential REIT  MRG_u.TO : TD Securities cuts to hold from buy
     * Peyto Exploration & Development Corp  PEY.TO : RBC cuts price target to C$9 from C$12
     * Peyto Exploration & Development Corp  PEY.TO :RBC cuts to sector perform from outperform
     * Quarterhill Inc  QTRH.TO : Canaccord Genuity cuts price target to C$1.50 from C$2
     * Quarterhill Inc  QTRH.TO : Canaccord Genuity cuts to hold from speculative buy
     * Quarterhill Inc  QTRH.TO : Cormark Securities cuts to market perform from buy
     * Quarterhill Inc  QTRH.TO : Cormark Securities cuts target price to C$1.80 from C$2.50
     * Rogers Communications Inc  RCIb.TO : Canaccord Genuity cuts to hold from buy
     * Shawcor Ltd  SCL.TO : TD Securities raises rating to buy from hold
     * Shawcor Ltd  SCL.TO : TD Securities cuts price target to C$24 from C$27
     * Stuart Olson Inc  SOX.TO : TD Securities cuts to hold from buy 
     * Stuart Olson Inc  SOX.TO : TD Securities cuts price target to C$5.50 from C$7
     * Suncor Energy Inc  SU.TO : UBS cuts target price to C$49 from C$60
     * Total Energy Services  TOT.TO : TD Securities cuts to hold from buy 
     * Total Energy Services  TOT.TO : TD Securities cuts price target to C$12 from C$15.50
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))