Bank of Montreal, First Quantum, RIM: Canadian Equity Preview
Bank of Montreal (BMO CT): Canada’s fourth-largest bank said it earned C$1.26 a share in the fourth quarter, excluding certain items, beating the average of 13 analyst estimates by 3.7 percent.
First Quantum Minerals Ltd. (FM CT): The country’s second- biggest publicly traded copper producer had its rating raised to “buy” from “hold” by Greg Barnes, an analyst at Toronto- Dominion Bank.
Research In Motion Ltd. (RIM CT): The BlackBerry maker had its rating cut to “underperform” from “buy” by Steven Fox, an analyst at Credit Agricole SA.
RioCan Real Estate Investment Trust (REI-U CT): The country’s biggest REIT by market value said it will sell 5.78 million units at C$21.75 a unit. The units fell 0.7 percent to C$21.97 before the announcement.
Superior Plus Corp. (SPB CT): The propane distributor said it will issue C$150 million ($149 million) in debt that can be converted into stock.
Toronto-Dominion Bank (TD CT): Canada’s second-largest bank is planning to bid as much as $7 billion for Farmington Hills, Michigan-based auto-loan company Chrysler Financial Corp., according to three people with knowledge of the matter.
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