Tuesday, October 30, 2012

Upgrades, Downgrades and Target Changes - Oct 30 2012

Company Rating/Target Change
Canada Bread Company RBC cuts target price to C$54 from C$56; rating outperform
Cenovus Energy  SocGen raises to buy from hold; target price to C$40 from C$35
Dorel Industries TD Securities starts with a buy rating
Duluth Metals Raymond James reinitiates coverage with outperform rating
Gasfrac Energy Services Raymond James raises to outperform from market perform
Norbord BMO raises to market perform from underperform
Patheon RBC raises target price to C$4.50 from C$4; rating outperform
Progress Energy Canaccord Genuity raises target to C$21 from C$18; rating hold
Progress Energy CIBC raises target price to C$20 from C$19
Renegade Petroleum Raymond James raises target to C$4.25 from C$3.50
Teck Resources Raymond James starts with outperform rating
TransCanada Canaccord Genuity raises target price to C$47 from C$46; rating hold
TransCanada CIBC raises target price to C$46 from C$45.50
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