Fuel Systems Solutions FSYS

Recommendations for February 27, 2007 - Concorde

[investorbling]

Concorde

Clean Power Income Fund | Bob Hastings, CLE.UN : TSX : C$5.60 | C$201.0M | Hold , Target C$5.70 ↓

•Algonquin Power makes offer to purchase Clean Power

ProEx Energy Ltd. | Richard Wyman, PXE : TSX : C$13.23 | C$525.1M | Buy , Target C$16.00

• Strong results from a consistent performer

TransAlta Corporation | Bob Hastings, TA : TSX : C$25.50 | C$5,161.2M | Buy , Target C$32.00

• $1.6 billion price tag on Keephills 3 Project higher than expected

TransCanada Corporation | Bob Hastings, TRP : TSX : C$38.14 | C$20,110.6M | Buy , Target C$45.00

• 5-year settlement on Canadian Mainline rates

Brocade Communications | Mark Kelleher, BRCD : NNM : US$8.69 | US$2,477.8M | Buy , Target US$11.07 ↑

•Now time to pay for the share shift

WebSideStory | Michael Kern, WSSI : NNM : US$14.20 | US$289.5M | Buy , Target US$20.00

• Q4 results mixed; revenue light but EPS exceeds; 2007 guidance reiterated

Planet Group Inc. | Anthony Chow, PPT : AIM : 122.50p | 32.9M | Buy , Target 170p

• Transition of coverage

SemBioSys Genetics Inc. | Neil Maruoka, SBS: TSX: C$3.15 | C$67.3M | Buy , Target C$7.70↓

•Full steam ahead into 2007; Transitioning analyst coverage; Lowering target price on increased share count post-financing

SIR Royalty Income Fund | Chris Rankin, SRV.UN : TSX : C$9.86 | C$68.1M | Hold ↓, Target C$9.50

• Hold on price appreciation

PDM Royalties Income Fund | Chris Rankin, PDM.UN : TSX : C$10.19 | C$110.0M | Hold , Target C$9.50

• Prisoner's dilemma increases risk

Fuel Systems Solutions | John Quealy, FSYS : NNM : US$23.60 | US$363.4M | Buy , Target US$25.00

• Takeaways from meetings with management