Recommendations for February 12, 2007The Bomb
Fortis Inc.
Q4/06 and Fiscal 2006 EPS Higher than Expected; Resuming Coverage
with Outperform Rating
Price (9-Feb)
$27.10 Target Price $29.50↑
K. Taylor
Penn West Energy Trust Acquired Light Oil & Gas Properties
Price (9-Feb)
$34.96 Target Price $40.00
G. Tait
Crescent Point Energy Trust
Mission Complete: $600 Million Acquisition of Largest Bakken Player
Price (8-Feb)
$17.28 Target Price $21.00
C. Renkas
ACE Aviation Holdings Inc.
Better than Expected Q4/06; Raising Target to $41
Price (9-Feb)
$35.56 Target Price $41.00↑
C. Proulx
Air Canada
Q4/06 Results Slightly Better than Expected
Price (8-Feb)
$19.30 Target Price $18.50
C. Proulx
Brookfield Asset Management
Summary of Q4/06 Results and Conference Call
Price (8-Feb)
$49.10 Target Price $53.00
P. Sklar
Brookfield Properties
Q4/06 Results Post Solid Growth Over Last Year
Price (8-Feb)
$47.60 Target Price $50.00↑
K. MacIndoe
Laidlaw International Inc.
To Be Acquired by FirstGroup at $35.25 Per Share in a Friendly Deal
Price (9-Feb)
$34.58 Target Price $35.25↑
B. Powell
Aur Resources
Q4/06 Results in Line with Expectations, but Estimates Reduced Due to
Lower Guidance
Price (8-Feb)
$20.87 Target Price $22.00
V. Lazarovici
CF Industries Holdings Inc.
Q4/06 Earnings Benefit from Stronger Nitrogen
Price (8-Feb)
$32.40 Target Price $23.00 *
E. Chee
Yara
Operating EBITDA in Line, 2007 Results Expected to Rise Further on
Stronger Demand and Prices
Price (8-Feb)
162.00 Target Price 130.00 *
E. Chee
Alcatel-Lucent
Soft Revenue Outlook, Increased Cost Cutting
Price (9-Feb)
$13.30 Target Price $14.00
P. Bhargava
TransAlta Corporation
Tough Choices Regarding TransAlta Power, L.P. May Be on the Horizon
Price (8-Feb)
$24.24 Target Price $22.50
K. Taylor
Novelis Inc.
Hindalco to Acquire Novelis in Agreed All-Cash Transaction; Target Raised
to $44 in Line With Bid
Price (9-Feb)
$38.54 Target Price $44.00
V. Lazarovici
Seamark Asset Management Q4/06 Beat Expectations; Major Challenges Ahead
Price (9-Feb)
$8.39 Target Price $7.00↑
A. Shah
Concorde
Antofagasta plc |
Damien Hackett, ANTO : LSE : £4.63 | £8,918M | Buy, Target £5.50 ↓
•
FY'06 earnings preview
Aur Resources Inc. |
Orest Wowkodaw, CA, CFA, AUR : TSX : C$20.28 | C$1,991.0M | Hold, Target C$20.00 ↓
•
Q4 results above estimates but below consensus; Disappointing 2007 guidance; Target
price lowered to C$20.00
Forrester Research |
Domenic LaCava, 1.617.371.3817
FORR : NNM : US$26.50 | US$620.6M | Buy, Target US$34.00
•
See in-line Q4; CFO search continues
Itron |
John Quealy, ITRI : NNM : US$60.11 | US$1,586.9M | Buy, Target US$70.00
•
Q4/06 preview
Rio Tinto plc |
Damien Hackett, RIO : LSE : £26.97 | US$39,038M | Hold, Target £26.00
•
Earnings update