Armtec Infrastructure Income Fund
(ARF.UN-TSX)
Yesterday's close $21.50, down $1.32
Armtec Infrastructure Income Fund, maker and marketer of infrastructure products and engineered construction solutions, reported a fourth-quarter profit that came in below expectations, said TD Newcrest analyst Michael Tupholme. "Con-Force revenues (down 30.5 per cent organically versus fourth quarter of 2008) were 23-per-cent below our estimate."
Downside: The analyst lowered his one-year target to $22 a unit from $26.
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DHX Media Ltd.
(DHX-TSX)
Yesterday's close $1.47, unchanged
DHX Media Ltd., which produces and distributes children's, youth and family television and media content, has signed a licensing agreement with a major U.S. broadcaster for the hit kids' program Animal Mechanicals, and that lays the groundwork for a merchandising deal with a toy company, said Beacon Securities analyst Michael Mills.
Upside: The analyst increased his rating to a "speculative buy" from "hold."
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Fortress Paper Ltd.
(FTP-TSX)
Yesterday's close $16.55, up $2.45
Fortress Paper Ltd., manufacturer of security and other specialty papers, has announced plans to acquire the assets of a non-operating pulp mill in Quebec, and convert it to high-quality specialty cellulose mill targeting growth markets in the textile industry, said Jennings Capital analyst Russell Stanley.
Upside: He rates Fortress Paper a "buy," and has raised his one-year target to $33 a share from $23.
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TMX Group Inc.
(X-TSX)
Yesterday's close $29.97, down 20 cents
TMX Group Inc., owner of the Toronto Stock Exchange, has reduced trading fees for stocks trading at $1 or more effective April, and estimates that annual revenue could decline $11-million to $15-million. "We believe that the revenue decline is likely to be less than what TMX indicated," said RBC Dominion Securities analyst Geoffrey Kwan.
Downside: He maintains his "underperform" rating, and one-year target of $32.
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Eldorado Gold Corp.
(ELD-TSX)
Yesterday's close $12.83, down 8 cents
Eldorado Gold Corp.'s fourth-quarter results were below expectations, largely related to the partial inclusion of newly acquired Sino Gold and higher depreciation, said TD Newcrest analyst Scott Parsons. "2010 production guidance remains at 550,000 to 600,000 oz. at a cash operating cost of $385 to $400/oz."
Upside: He upgraded his rating to "buy," and increased his target to $16 from $15.50.
SOURCE: BLOOMBERG