Canada research roundup: Air Canada, Loblaw Companies, Saputo
Analysts raised Air Canada to buy from hold while cutting its price target to C$25 from C$29. CIBC initiated coverage of Loblaw with an outperformer rating and C$81 target, and Saputo with a neutral rating and C$45 target.
1. Analyst actions
Canaccord Genuity raised Air Canada to buy from hold but cut its price target to C$25 from C$29. CIBC initiated coverage of Loblaw Companies with an outperformer rating and a C$81 target, and Saputo with a neutral rating and a C$45 target.
2. Other revisions
The roundup also included RBC raising Centerra Gold’s target to C$30 from C$28 and DPM Metals’ to C$68 from C$65. CIBC initiated coverage of Metro with an outperformer rating and a C$112 target, while TD Cowen lowered several real estate investment trust targets.
