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CANADA RESEARCH ROUNDUP-Fortis, Intact Financial, Nanoxplore

ReutersFeb 13, 2025 3:34 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including Fortis, Intact Financial and Nanoxplore on Thursday.

HIGHLIGHTS

Fortis Inc FTS.TO: Jefferies initiates coverage with hold rating

Intact Financial Corp IFC.TO: Jefferies raises target price to C$301 from C$284

Nanoxplore Inc GRA.TO: Raymond James cuts to market perform from outperform

Following is a summary of research actions on Canadian companies reported by Reuters on Thursday. Stock entries are in alphabetical order.

Fortis Inc FTS.TO: Jefferies initiates coverage with price target C$67

Fortis Inc FTS.TO: Jefferies initiates coverage with hold rating

Intact Financial Corp IFC.TO: BMO raises target price to C$315 from C$290

Intact Financial Corp IFC.TO: CIBC raises target price to C$290 from C$280

Intact Financial Corp IFC.TO: Jefferies raises target price to C$301 from C$284

Intact Financial Corp IFC.TO: Raymond James raises target price to C$302 from C$290

Nanoxplore Inc GRA.TO: Raymond James cuts target price to C$3 from C$4

Nanoxplore Inc GRA.TO: Raymond James cuts to market perform from outperform

Tamarack Valley Energy Ltd TVE.TO: BMO raises target price to C$6.5 from C$6

Toromont Industries Ltd TIH.TO: Canaccord Genuity raises PT to C$134 from C$130

Toromont Industries Ltd TIH.TO: Raymond James raises target price to C$130 from C$122

Tourmaline Oil TOU.TO: UBS raises target price to C$80 from C$79

Toromont Industries Ltd TIH.TO: CIBC raises target price to C$131 from C$129

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