Canada Research Roundup: Air Canada, George Weston, Royal Bank of Canada

Winpak

06/05/2020 09:18

May 6 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Air Canada, George Weston and Royal Bank of Canada, on Wednesday. 
    
    HIGHLIGHTS    
     * Air Canada  AC.TO : Cormark Securities cuts to market perform from buy
     * Canadian Imperial Bank of Commerce  CM.TO : Citigroup raises to buy from neutral
     * George Weston Ltd  WN.TO : CIBC raises target price to C$124 from C$122
     * Royal Bank of Canada  RY.TO : Citigroup raises to buy from neutral
        
Following is a summary of research actions on Canadian companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.     
     * Air Canada  AC.TO : Cormark Securities cuts to market perform from buy
     * Air Canada  AC.TO : Cormark Securities cuts price target to C$20 from C$28
     * Altus Group Ltd (Ontario)  AIF.TO : TD Securities cuts target price to C$47 from C$50
     * Bank of Montreal  BMO.TO : Citigroup cuts price target to C$76 from C$108
     * Bank of Nova Scotia  BNS.TO : Citigroup cuts price target to C$56 from C$80
     * Canadian Imperial Bank of Commerce  CM.TO : Citigroup raises to buy from neutral
     * Canadian Imperial Bank of Commerce  CM.TO : Citigroup cuts target to C$93 from C$113
     * Finning International Inc  FTT.TO : Canaccord Genuity raises target to C$24 from C$21
     * George Weston Ltd  WN.TO : CIBC raises target price to C$124 from C$122
     * George Weston Ltd  WN.TO : Scotiabank cuts target price to C$117 from C$124
     * Gibson Energy Inc  GEI.TO : Canaccord Genuity raises target price to C$24 from C$23
     * Gibson Energy Inc  GEI.TO : RBC raises target price to C$25 from C$21
     * Great Canadian Gaming Corp  GC.TO : Canaccord Genuity cuts target price to C$32 from C$35
     * Interrent Real Estate Investment Trust  IIP_u.TO : CIBC cuts PT to C$15.5 from C$16.5
     * Interrent REIT  IIP_u.TO : TD Securities cuts target price to C$15.50 from C$16
     * Kinross Gold Corp  K.TO : Canaccord Genuity raises price target to C$12 from C$11
     * Riocan REIT  REI_u.TO : Canaccord Genuity cuts target price to C$19.35 from C$21.50
     * Riocan REIT  REI_u.TO : CIBC cuts target price to C$22 from C$25
     * Riocan REIT  REI_u.TO : TD Securities cuts target price to C$21 from C$22
     * Royal Bank of Canada  RY.TO : Citigroup raises to buy from neutral
     * Royal Bank of Canada  RY.TO : Citigroup cuts price target to C$95 from C$113
     * Sleep Country Canada Holdings Inc  ZZZ.TO : CIBC raises target price to C$13 from C$12
     * Toronto-Dominion Bank  TD.TO : Citigroup cuts price target to C$59 from C$78
     * Westshore Terminals Investment Corp  WTE.TO : CIBC cuts target price to C$17 from C$19
     * Winpak Ltd  WPK.TO : Scotiabank raises target price to C$53 from C$51
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))