Canada Research Roundup: Air Canada, Saputo, Source Energy

Source Energy Services

02/11/2018 07:54

Nov 2 (Reuters) - Securities analysts revised their ratings and price targets on several
Canadian companies, including Air Canada, Saputo and Source Energy, on Friday. 
    
    HIGHLIGHTS    
     * Air Canada  AC.TO : JP Morgan raises target price to C$34 from C$30
     * Saputo Inc  SAP.TO : CIBC cuts to neutral from outperformer
     * Source Energy Services Ltd  SHLE.TO : CIBC cuts to to underperformer from neutral
 
        
Following is a summary of research actions on Canadian companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
     
    
     * Air Canada  AC.TO : JP Morgan raises target price to C$34 from C$30
     * BCE Inc  BCE.TO : Barclays cuts target price to C$62 from C$65
     * Canadian Natural Resources Ltd  CNQ.TO : RBC raises target price to C$56 from C$55
     * Chemtrade Logistics Income Fund  CHE_u.TO : National Bank of Canada cuts TP to C$17.25 
     * Cogeco Communications Inc  CCA.TO : Barclays cuts target price to C$70 from C$72
     * Great-West Lifeco Inc  GWO.TO : Barclays cuts target price to C$32 from C$35
     * Manulife Financial Corp  MFC.TO : CIBC raises price target to C$26.5 from C$25
     * Morguard North American REIT  MRG_u.TO : CIBC raises price target to C$19 from C$18
     * Morguard REIT  MRT_u.TO : CIBC cuts price target to C$13 from C$13.5
     * Pembina Pipeline Corp  PPL.TO : CIBC raises price target to C$53 from C$51
     * Saputo Inc  SAP.TO : CIBC cuts price target to C$42 from C$47
     * Saputo Inc  SAP.TO : CIBC cuts to neutral from outperformer
     * Snc-Lavalin Group Inc  SNC.TO : National Bank of Canada cuts TP to C$66 from C$69
     * Source Energy Services Ltd  SHLE.TO : CIBC cuts price target to C$2.25 from C$4.5
     * Source Energy Services Ltd  SHLE.TO : CIBC cuts to to underperformer from neutral
     * Transat at Inc  TRZ.TO : CIBC cuts price target to C$7 from C$8
     * TransCanada Corp  TRP.TO : CIBC raises price target to C$74 from C$73
     * Westjet Airlines Ltd  WJA.TO : JP Morgan raises target price to C$18 from C$17
 

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