Go figure:
At Scotia Capital this morning, the strategist there updated the model portfolio including adding Rona, Power Financial, lowering Constellation software’s weight and removing Saputo and Hudson’s Bay. Sticking with Scotia, the bank analyst there has upgraded Bank of Montreal to outperform (previously sector perform) with new $89 target (was $84). Many a trader favourite (if looking for a gassy play), Crew Energy, has been upgraded to buy at CIBC with a $6 target. RBC has upped their target on ProMetic Life to $4.50 from $4 but a lower target on BNS ($72 from $73).
I'm with Scotia Capital on this one!
Doc