Equities Research Analysts’ price target changes for Wednesday, December 6th:

Algonquin Power & Utilities (TSE:AQN) had its price target boosted by National Bank Financial from C$16.00 to C$16.50. They currently have an outperform rating on the stock.

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price boosted by Eight Capital from C$101.00 to C$106.00.

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by Barclays PLC from C$97.00 to C$98.00.

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by National Bank Financial from C$100.00 to C$103.00. National Bank Financial currently has a sector perform rating on the stock.

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price increased by CSFB from C$102.00 to C$103.00.

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by Scotiabank from C$112.00 to C$114.00. Scotiabank currently has an outperform rating on the stock.

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target boosted by Canaccord Genuity from C$103.00 to C$105.00.

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its target price raised by Royal Bank Of Canada from C$108.00 to C$116.00. Royal Bank Of Canada currently has a sector perform rating on the stock.

Emera (TSE:EMA) had its price target increased by Scotiabank from C$50.00 to C$51.00. Scotiabank currently has a sector perform rating on the stock.

Gibson Energy (TSE:GEI) had its price target raised by GMP Securities from C$20.75 to C$21.00.

General Growth Properties (NYSE:GGP) was given a $35.00 target price by analysts at Boenning Scattergood. The firm currently has a buy rating on the stock.

Cobalt 27 Capital (CVE:KBLT) had its price target increased by Scotiabank from C$11.00 to C$12.50. They currently have an outperform rating on the stock.

Laurentian Bank of Canada (TSE:LB) had its target price raised by Barclays PLC from C$57.00 to C$62.00.

Laurentian Bank of Canada (TSE:LB) had its target price boosted by National Bank Financial from C$59.00 to C$60.00. The firm currently has a sector perform rating on the stock.

Laurentian Bank of Canada (TSE:LB) had its price target cut by Royal Bank Of Canada from C$60.00 to C$55.00. Royal Bank Of Canada currently has a sector perform rating on the stock.

Laurentian Bank of Canada (TSE:LB) had its price target reduced by Scotiabank from C$67.00 to C$64.00. The firm currently has a sector perform rating on the stock.

Laurentian Bank of Canada (TSE:LB) had its target price lowered by Desjardins from C$60.00 to C$59.00.

Madrigal Pharmaceuticals (NASDAQ:MDGL) had its price target increased by HC Wainwright from $54.00 to $105.00. They currently have a buy rating on the stock.

Monmouth Real Estate Investment (NYSE:MNR) had its target price raised by National Securities from $18.00 to $20.00. National Securities currently has a buy rating on the stock. The analysts wrote, “Call to Action: With its recent quarter FFO dividend payout ratio of 82.6% the lowest in years, even accounting for its increased dividend, the second such in a decade, MNR is in an excellent position for heightened growth forward. Recent e-commerce retail sales of $115.3bln were up 15.5% Y/Y and accounted for 9.1% of total retail sales, a figure we believe could easily surpass 40% with time. It is driving demand for industrial space across the country like never before, and MNR’s rock solid tenant roster of household names, nearly all of which with exposure to e-commerce, provides a strong catalyst for future share price appreciation. Further, with only 6.6% of its near 100% leased 18,790,021 rentable square feet, which is up 17.4% Y/Y, expiring through 9/30/18, MNR has the most attractive expiration schedule relative to its similarly sized market cap peers. This favorable expiration schedule will shield it from losing valuable tenants as is likely for others with a large amount of leases expiring, especially those with a large number of mixed-use tenants. Attributable to its near volatility free revenue stream, MNR continued to outperform on all metrics in the quarter and FYTD, again posting record single quarter rental revenue of $26.37mln, +19.17% Y/Y, record rent per square foot at $5.93, +3.7% Y/Y and record quarterly NOI of $26.05mln, +19% Y/Y. With a portfolio and tenant roster as enviable as MNR’s we feel its recent outperformance is likely to continue well into the future. As such, we’re maintaining our BUY rating and raising our $18.00 price target to $20.00.”

National Grid (LON:NG) was given a GBX 1,040 ($14.00) price target by analysts at J P Morgan Chase & Co. The firm currently has a buy rating on the stock.

NAPEC (TSE:NPC) had its target price raised by Raymond James Financial, Inc. from C$1.80 to C$2.10. They currently have a market perform rating on the stock.

RenaissanceRe (NYSE:RNR) was given a $140.00 price target by analysts at Wells Fargo & Company. The firm currently has a hold rating on the stock.

Roots (TSE:ROOT) had its price target boosted by Royal Bank Of Canada from C$11.00 to C$12.00. Royal Bank Of Canada currently has a sector perform rating on the stock.

Roots (TSE:ROOT) had its target price boosted by TD Securities from C$16.00 to C$16.50. The firm currently has an action list buy rating on the stock.

Trinidad Drilling (TSE:TDG) had its price target reduced by Raymond James Financial, Inc. from C$2.80 to C$2.20. Raymond James Financial, Inc. currently has an outperform rating on the stock.

Western Energy Services (TSE:WRG) had its target price reduced by Raymond James Financial, Inc. from C$1.40 to C$1.20. They currently have a market perform rating on the stock.

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