Canada research roundup: Air Canada, Cogeco, Telus Corporation
EWC•Analysts cut price targets for Air Canada, Cogeco and Telus, while also revising ratings and targets across other Canadian companies. First Mining Gold received a resumed outperform rating, and Versamet Royalties received a new buy rating.
1. Selected analyst actions
Canaccord Genuity cut Air Canada’s target to C$29 from C$33. CIBC cut targets for Cogeco Inc. to C$60 from C$67, Cogeco Communications to C$65 from C$71, and Telus to C$14 from C$15.
2. Other research changes
The roundup also included target increases for companies such as Capstone Copper, First Quantum Minerals, Gran Tierra Energy, Hudbay Minerals, Lundin Gold and Teck Resources, and cuts for Aritzia, BCE, Boyd Group Services and GFL Environmental. ATB Cormark resumed coverage of First Mining Gold with a speculative buy rating and a C$1.40 target; TD Cowen initiated coverage of Versamet Royalties with a buy rating and a C$21 target.
