Archer-Daniels-Midland Co.
(ADM-NYSE)
Yesterday's close $28.37 U.S., up 11 cents
Archer-Daniels-Midland Co.'s oilseed and corn sweeteners businesses are doing well despite depressed ethanol prices, which could improve with the summer driving season, said Citigroup Global Markets analyst David Driscoll.
Upside: The shares are reiterated "buy" with a price target of $37 (U.S.) and a 2010 profit forecast of $2.90 (U.S.).
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Western Union Co.
(WU-NYSE)
Yesterday's close $17.47 U.S., down 2 cents
Western Union Co. has almost 85 per cent to 90 per cent of its business operating "where it needs to be from a cyclical recovery perspective," although its subprime global payments unit is being hurt by the economy, said Ashwin Shirvaikar, an analyst with Citigroup Global Markets.
Upside: The shares are reiterated "buy" with a price target of $23 (U.S.).
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Halliburton Co.
(HAL-NYSE)
Yesterday's close $31.50 U.S., down 7 cents
Halliburton Co. is acquiring an oil field services company for $240-million (U.S.) and will likely make additional acquisitions to expand its international operations, said Robin Shoemaker, an analyst with Citigroup Global Markets.
Upside: The shares are reiterated "buy" and "top pick" with a price target of $40 (U.S.) and share profit forecasts of $1.40 in 2010 and $2 in 2011.
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Goldcorp Inc.
(GG-NYSE)
Yesterday's close $40.06 U.S., down 13 cents
Goldcorp Inc., which has 10 operating mines and several major gold projects under development, is well ahead of expectations at its Penasquito project in Mexico, said Greg Barnes, an analyst with TD Securities.
Upside: The shares are reiterated "buy" with a price target of $50 (U.S.). The share profit is forecast at 98 cents in 2010 and $1.28 in 2011.
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Energold Drilling Corp.
(EGD-TSX VENTURE)
Yesterday's close $2.58, down 6 cents
Energold Drilling Corp., which services the mining industry with highly portable drills, is expected to benefit from increased activity and higher prices during the second half of the year, said Jennings Capital analyst Russell Stanley. The profit margin has shrunk as a result of foreign exchange and a decline in higher-margin frontier drilling.
Upside: The shares are reiterated "buy" with a price target of $4 (Canadian).