Agrium, Corus, Potash, Talisman Energy: Canadian Equity Preview
Shares of the following companies may have unusual moves in Canadian trading.
Agrium Inc. (AGU CN): North America’s third-largest fertilizer maker by market value was cut to “neutral” from “overweight” at Atlantic Equities LLP.
Bank of Montreal (BMO CN): Canada’s fourth-largest lender by assets agreed to buy Hong Kong-based Lloyd George Management to increase its asset-management business in Asia. Financial terms of the transaction weren’t disclosed.
Corus Entertainment Inc. (CJR/B CN): The owner of the YTV cable television network reported first-quarter earnings of 58 Canadian cents a share excluding some items, missing the average analyst estimate by 3 percent.
Nexen Inc. (NXY CN): The oil and gas company was raised to “buy” from “hold” at Toronto-Dominion Bank.
Potash Corp. of Saskatchewan Inc. (POT CN): The world’s largest fertilizer producer by market value was raised to “sector outperform” from “sector perform” at Bank of Nova Scotia.
Talisman Energy Inc. (TLM CN): The oil and gas producer with operations in North America, the North Sea and Indonesia said it expected production growth of 5 percent to 10 percent this year and to maintain capital spending at around $4 billion.
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