Shares of the following companies may have unusual moves in Canadian trading.
New Gold Inc. (NGD) : The gold producer was cut to “market perform” from “buy” at Cormark Securities Inc. The 12-month price estimate is C$12.00.
Newalta Corp. (NAL) : The industrial recycler was cut to “market perform” from “buy” at Cormark Securities Inc. The 12-month price estimate is C$14.75.
Research In Motion Ltd. (RIM) : The maker of the Blackberry said Keith Pardy, its chief marketing officer, will leave the company for personal reasons and will stay on for six months to assist with a transition. His departure may have been predicated on the perception that Research In Motion is losing a public relations conflict with Google Inc.’s Android and Apple Inc., JPMorgan Chase & Co. said.
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