Yesterday's close: $70.05, down 21 cents
TD Ameritrade Holding Corp., which is 40 per cent owned by Toronto-Dominion Bank, showed strong asset growth and excellent trading activity during November as it benefited from the mortgage problems experienced by its rival E*Trade Financial Corp., said Ian de Verteuil, an analyst with BMO Nesbitt Burns.
Upside: The Toronto-Dominion Bank is rated "outperform" by BMO with an $80 price target.
Yesterday's close: $31.92, up 56 cents
Loblaw Cos. Ltd. faces continued price competition, which could accelerate in 2008, and its restructuring efforts could take three to five years to complete, said Vishal Shreedhar, an analyst with UBS Securities Canada.
Downside: UBS decreased its share price target for Loblaw to $34 from $40 as a result of the challenging 2008 outlook, which could hold "more negative surprises."
Yesterday's close: $14.03 U.S., up 13 cents
Emcore Corp. makes semiconductor chips from materials other than silicon for use in high-technology applications. Emcore also agreed to enter a joint venture in South Korea and acquire a telecom-related fibre-optics business from Intel Corp. for $85-million (U.S.).
Upside: Canaccord analyst Jonathan Dorsheimer rates Emcore a "best-idea." It shares reached a 52-week high yesterday and the price target is $16.
NEWPORT PARTNERS INCOME FUND
Yesterday's close: $4.02, up 8 cents
Newport Partners Income Fund, which indirectly holds interests in private companies, said NPC, its oil field services company, plans to go public.
Downside: Earnings from the insurance and industrial business in 2008 and 2009 could fall short of expectations and add to the risks posed by the potential sale of NPC, said Tal Woolley, an analyst with RBC Dominion Securities. He lowered his unit price target to $4 from $4.75.
Yesterday's close: $129.86 U.S., up $1.96
Nymex Holdings Inc. is the top stock exchange idea for 2008, said Rob Rutschow, an analyst with Deutsche Bank Securities.
Upside: Stable trading volumes, rising interests in commodity trading and options, a potential takeover candidate and proceeds from the sale of real estate justify the share price target of $160 (U.S.), he said. His 2008 share profit forecast is $3.90.