John Hancock Hedged Equity & Income Fund T.HEQ

Two New BUY reccs

[TheRock07]

Cormark has a BUY recc with an interim price target of $10.

RBC recently came out with an OUTPERFORM rating on the stock.
EPS is estimated to be $0.77 for 2010 which would equate to about a $12.50 fair value.

CWB trades at about 1.8 time book , which would provide HEW with a fair value, at peer valuations, of about $14.50.