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Chadwick Wasilenkoff, CEO of Fortress Paper, at his office in North Vancouver, B.C.Lyle Stafford/The Globe and Mail

Shares of Fortress Paper Ltd. are still oversold after being under significant pressure lately because of "lingering liquidity concerns," cash losses at its Lanqart security paper mill, falling dissolving pulp prices and doubts about the production ramp-up at its Thurso mill, said Raymond James analyst Daryl Swetlishoff.

Downside: Mr. Swetlishoff maintains an "outperform" rating on the specialty paper producer, but cut his one-year target to $40 a share from $46.

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Shares of Bri-Chem Corp. are not adequately reflecting the upside from two significant growth drivers, said Beacon Securities analyst Michael Mills. Bri-Chem, a leader in drilling fluids for the Canadian oil and gas sector, is aggressively entering the U.S. market and has a rapidly growing steel-pipe business.

Upside: Mr. Mills initiated coverage with a "buy" rating and one-year target of $5.50 a share.

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BMO Nesbitt Burns analyst Bert Powell slashed his target price on GLV Inc. after it posted weaker-than-expected fourth-quarter results. Its Ovivo water treatment group has struggled every quarter since the acquisition of Christ Water Technology AG in 2009, he said.

Downside: He cut his one-year target to $2.50 a share from $4, but maintained a "market perform" rating.

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Chesapeake Energy Corp. plans to sell its mid-stream assets to bring in more than $3-billion (U.S.) in cash. That move will put it into a position to meet debt covenants, and its year-end target of $9.5-million for divestitures, said Canaccord Genuity analyst John Gerdes.

Upside: The analyst, who has a "buy" rating, raised his one-year target to $28 a share from $26.

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M Partners analyst Ron Shuttleworth cut his mobile revenue forecast at Telenav Inc. by about $14.5-million in fiscal 2013 now that Apple Inc. is launching its own mapping service.

Downside: The analyst reduced his one-year target on the maker of global positioning software for mobile phones to $9.50 a share from $10.75. He maintains his "buy" rating.

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