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(Kyoungil Jeon)
(Kyoungil Jeon)

Eye on Equities

Paramount, TransForce appear attractive Add to ...

An independent assessment of Paramount Resources Ltd.’s Saleski property, where the company will drill for carbonate bitumen, will “validate” management’s estimates and make its oil-sands properties more attractive to potential buyers, Canaccord Genuity analyst Steve Toth said.

Upside: Mr. Toth increased his price target by $3 to $40 and maintained his “buy” rating.

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TransForce Inc. reported “excellent” second-quarter results Tuesday that were “above expectations”, said Desjardins analyst Benoit Poirier. Mr. Poirier tweaked his 2011 and 2012 revenue estimates upwards for the trucking company, despite challenges in the small freight market. He also noted the company’s well-positioned acquisition of Concord Transportation Inc.

Upside: Mr. Poirier maintained both his “top pick” rating and his price target of $20.

Saputo Inc. , a Montreal-based dairy company, reported weaker-than-anticipated first-quarter results, said CIBC World Markets analyst Mark Petrie. The company’s U.S. operations did not meet expectations, while Canadian operations grew modestly. A track-record of strong management, operations, and investment decisions bodes well for Saputo, but “near-term opportunities to add value are running out,” Mr. Petrie said.

Downside: While Mr. Petrie maintained his price target of $48 and held his “sector performer” rating, he lowered his 2012 and 2013 EPS estimates slightly.

Raymond James analyst Frederic Bastien said he “encourages” investors to buy Aecon Group . “Management’s increased focus on execution is only starting to bear fruit,” Mr. Bastien said. Aecon’s industrial division performed well in the second quarter, based on strength in the potash, uranium, and nickel sectors, Mr. Bastien said. “The stock looks attractively priced any way you slice it, but most notably, on a price-to-book basis.”

Upside: Mr. Bastien held his rating of “outperform” and his price target of $12.50.

RBC Capital Markets analyst Mike Abramsky cut his price target for SMART Technologies Inc. The company performed in line with expectations this quarter, but Mr. Abramsky maintained his “cautious” outlook for growth. He sees “no near-term catalysts” for growth, which could cause SMART’s visibility to further decline.

Downside: Mr. Abramsky cut his price target by $3 (U.S.) to $10 and maintained his rating of “sector perform.”





































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