Canadian National Railway, Intact Financial, Wellstar Technologies research roundup
CNI•Analysts reportedly revised ratings and price targets for several Canadian companies, including target cuts for Canadian National Railway and Intact Financial and new coverage of Wellstar Technologies.
1. Research changes
JP Morgan cut its Canadian National Railway target to C$178 from C$182, while Jefferies cut its Intact Financial target to C$340 from C$356. RBC and TD Cowen initiated coverage of Wellstar Technologies, with outperform and buy ratings, respectively; RBC set a C$10 target and TD Cowen set a C$8.50 target.
2. Other targets
Targets were raised for Aecon Group, Air Canada, Canadian Pacific Kansas City, Definity Financial, Equinox Gold, Hudbay Minerals, Mullen Group and Russel Metals. Scotiabank cut its target for Allied Properties REIT.
