Canada research roundup: AGF Management, Cardinal Energy, Imperial Oil
IMO•Analysts revised ratings and price targets for several Canadian companies. RBC cut Cardinal Energy to sector perform from outperform and raised Imperial Oil’s target to C$133 from C$123, while CIBC initiated AGF Management coverage with an outperformer rating and a C$21 target.
1. Analyst actions
CIBC initiated coverage of AGF Management with an outperformer rating and a C$21 target price. RBC cut Cardinal Energy to sector perform from outperform and raised its target to C$14.50 from C$14. RBC raised Imperial Oil’s target to C$133 from C$123.
2. Other revisions
RBC raised targets for Parex Resources to C$32 from C$29 and Suncor Energy to C$110 from C$100. The roundup also lists analyst rating and target-price changes for other Canadian companies, including Aritzia, BCE, Canadian Natural Resources, Cenovus Energy and MTY Food Group.
