ANALYSTS’ UPGRADES: BMO, RBC, TD, BNS
ANALYSTS’ RECOMMENDATIONS
Canadian Banks: Canaccord Genuity raises target price for Bank Of Montreal (BMO) from C$66 to C$68; Bank Of Nova Scotia (BNS) to C$67 from C$62; RBC (RY) to C$70 from C$65 and TD Bank (TD) to C$98 from C$92 on cyclical and improved investor sentiments. It believes that the banks’ near term earnings growth guidance will be augmented by acquisitions and some buy back activity
Canadian Pacific Railway (CP). Barclays raises target price to $121 from$110 on renewed operational discipline which provides the potential to nearly double earnings for the company
Valeant Pharmaceuticals International Inc. (VRX). Canaccord Genuity raises target price of U.S. listed shares to $74 from $70 on revenue, EPS growth in line with expectation, potential upside to 2013 guidance and the strong likelihood of additional M&A activity
