Market News Call

Analysts’ Recommendations for Thursday

Africa Oil Corp (AOI). Canaccord Genuity cuts price target to C$8 from C$13.50 citing potentially negative catalysts relating to well results, flow tests, elections in Kenya, and potential changes to existing contracts.

AuRico Gold (AUQ). CIBC raises target price to C$9 from C$7 on valuation impact generated by the Ocampo divestiture and planned share buyback program.

Canadian Energy Services (CEU). RBC raises target price to C$13 from C$12 as the company announced the acquisition of Mega Fluids Mid-Continent LLC and growth prospect in North America.

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