Recommendations for February 9, 2007Good morning. Looks like The Bomb is posting their daily recommendations again. Have a great weekend!
The Bomb
CAE Inc.
Solid Q3/07 Results; Target Price Increased to $15; Rating Raised to Outperform
Price (9-Feb)
$12.00 Target Price $15.00↑
C. Proulx
International Forest
Rating Raised to Outperform
Price (8-Feb)
$7.22 Target Price $9.50↑
S. Atkinson
Sun Life Financial Inc. Good Q4/06 Results; Dividend Increased 7%
Price (8-Feb)
$51.92 Target Price $57.00↑
J. Reucassel
Thomson Corp.
Thomson on Track for Growth in 2007 and 2008
Price (8-Feb)
$51.08 Target Price $57.00↑
T. Casey
Aeroplan Income Fund
Better than Expected Q4/06; Raising Target Price to $19.50
Price (8-Feb)
$19.62 Target Price $19.50↑
C. Proulx
Qwest Comm. International Inc.
Q4/06: 2007 Outlook Calls for Stable Revenue and Better Margins
Price (8-Feb)
$8.16 Target Price na
P. Rhamey
Cossette Communication Group Good Start to Fiscal 2007
Price (8-Feb)
$12.00 Target Price $15.00
J. Tkachuk
Bear Ridge Resources Ltd.
Q4/06 Production Disappoints, but Tupper on Track
Price (8-Feb)
$3.15 Target Price $4.75↓
K. Porteous
Certicom Corp.
RSA Conference Notes
Price (7-Feb)
$5.72 Target Price $9.00
D. Wright
Energy Savings Income Fund
Q3/07 Results: Distribution Increased 3%; Customer Additions Below Expectations
Price (8-Feb)
$13.48 Target Price $14.50↓
C. Bolton
A&W Rev. Royalties Inc. Fund
Q4/06 Results; Special Distribution Announced
Price (8-Feb)
$14.91 Target Price $14.50↑
C. Bolton
Algoma Steel Inc.
Passing Through the Intra-Cycle Correction
Price (8-Feb)
$37.70 Target Price $50.00
R. Cousins
Terra Industries
Lower Gas Costs Bolster Q4/06 Results
Price (8-Feb)
$14.50 Target Price $10.00 *
E. Chee
Axcan Pharma Inc.
Strong Q1 But Not a Trend Setter
Price (8-Feb)
$15.57 Target Price $16.00↑
C. Charette
Open Text Corp.
Q2/07 Results – Cost Cutting Lifts Earnings
Price (8-Feb)
$19.54 Target Price $23.50↑
D. Wright
Tucows Inc.
Q4/06 Results in Line; Focus Steers Toward Hosted E-Mail Services
Price (8-Feb)
$0.86 Target Price na
T. Moschopoulos
Canexus Income Fund
Q4/06 Preview
Price (8-Feb)
$7.41 Target Price $7.00
B. Powell
Tembec
Lower than Expected Q1/07 Loss
Price (7-Feb)
$2.88 Target Price $1.00
S. Atkinson
Concorde
Allos Therapeutics |
David Bouchey, Ph.D., ALTH : NNM : US$7.91 : US$448.5M | Buy, Target US$12.00
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Buy it for Efaproxyn, get PDX too
Axia NetMedia Corp. |
David Lambert, AXX : TSX : C$4.91 | C$282.4M | Buy, Target C$5.00 ↑
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Q2/07 results increase expectations
CAE Inc. |
Robert Fay, CAE : TSX : C$12.00 | C$3,014.4M | CGT : NYSE : US$10.15 | Sell, Target C$9.00 ↑
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CAE reports Q3/07 results
Calpine Power Income Fund |
Bob Hastings, CF.UN : TSX : C$12.94 | C$798.9M | Tender, Target C$13.00
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Tender
Color Kinetics |
Jonathan Dorsheimer, CLRK : NNM : US$20.17 | US$367.0M | Buy, Target US$23.00 ↓
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Color Kinetics reports solid Q4
DivX |
Steven B. Frankel, CFA, DIVX : NNM : US$23.69 | US$848.1M | Buy, Target US$32.00
•
Strong Q4 but guidance may not be enough to spur the stock
Energy Savings Income Fund |
Chris Rankin, SIF.UN : TSX : C$13.48 | C$1,456M | Buy, Target C$15.25
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Q3: Competition and price increases
Fortis Inc. |
Bob Hastings, FTS : TSX : C$28.05 | C$2,911.6M | Buy, Target C$32.00
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Another Quarter Above Expectations
Forzani Group |
Benoit Caron, FGL : TSX : C$18.74 | C$921.2M | Hold, Target C$18.50
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Blast of cold air in eastern Canada may help lift Q4 & Q1 sales
LivePerson |
Michael Kern, LPSN : NNM : US$5.95 | US$265.3M | Buy, Target US$8.50 ↑
•
Top line exceeds expectations, but bottom line kept in check
NAVTEQ Corporation |
Jeff Rath, NVT : NNM : US$36.49 | US$3,388.3M | Hold, Target US$36.00
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Reports strong Q4; However guidance and acquisitions signal more competitive marketplace
Newfield Exploration |
Irene Haas, NFX : NYSE : US$40.85 | US$5,188.0 | Buy, Target US$56.00 ↑
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Reiterating an attractive buy
Open Text Corporation |
Peter Misek, OTEX : NNM : US$19.54 | US$991.4M | OTC : TSX | Hold, Target US$20.00
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A fog or nothing?
Spectranetics |
Matthew Scalo, SPNC : NNM : $10.73 | US$330.7M | Hold
•
Growth from removing leads; an update on the LR group
Terremark Worldwide |
Mark Kelleher, TWW : AMEX : US$8.58 | US$377.0M | Hold, Target US$8.40 ↑
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Q3: Making good progress
Westport Innovations Inc. |
Sara Elford, WPT : TSX : C$1.65 | C$124.2M | Hold, Target C$1.60
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Matco transaction leaves Westport with 17% interest in Wild River Resources and cash of C$11 million