National Bank Of Canada (TSE NA)
*************************
*****
*******
Recent News: National Bank Releases its Results for the Second Quarter of 2011 and Raises its Dividend
National Bank: Record net Income for the First Quarter of 2011
National Bank of Canada Releases its Results for the Third Quarter of 2010
National Bank Releases Its Results for the Second Quarter of 2010
National Bank Releases its Results for the First Quarter of 2010
National Bank Releases its Fourth Quarter and Year-End 2009 Results
National Bank Announces Record Net Income for the Third Quarter of 2009
André-Philippe Hardy ....... RBC Capital Markets……June 01, 2011
Downgraded to SECTOR PERFORM from OUTPERFORM
NA Price day before: $80.95 Finish day of posting:$79.03Current:$70.93
--------Feb 25, 2011-------
Maintained OUTPERFORM
Target raised to $88.00 from $85.00Cdn
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
------Aug 30, 2010------
Upgraded to OUTPERFORM from SECTOR PERFORM
NA Price day before: $60.00 Finish day of posting:$61.22Current:$70.93
------Aug 27, 2010------
Maintained SECTOR PERFORM
Target raised to $74.00 from $71.00Cdn (Target Hit Feb 17, 2011)
NA Price day before: $58.00 Finish day of posting:$60.00Current:$70.93
-------Dec 10, 2009-------
Downgraded to SECTOR PERFORM from OUTPERFORM
NA Price day before: $57.46 Finish day of posting:$59.02Current:$70.93
-------May 04, 2009----------
Upgraded to OUTPERFORM from SECTOR PERFORM
Target raised to $71.00 from $42.00Cdn
NA Price day before: $43.46 Finish day of posting:$46.21Current:$70.93
-----Sept 02, 2008-----
Upgraded to SECTOR PERFORM from UNDERPERFORM
NA Price day before: $50.02 Finish day of posting:$51.15Current:$70.93
*********
Michael Goldberg............ Desjardins Securities……May 30, 2011
Maintained BUY
Target raised to $86.00 from $82.50Cdn
NA Price day before: $80.65 Finish day of posting:$80.61Current:$70.93
-------Feb 25, 2011------
Upgraded to BUY from HOLD
Target raised to $82.50 from $73.00Cdn
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
------Sept 16, 2010-------
Maintained HOLD
Target raised to $70.00 from $67.50Cdn (Target Hit)
NA Price day before: $66.10 Finish day of posting:$65.69Current:$70.93
---------Aug 27, 2010----------
Maintained HOLD
Target raised to $67.50 from $66.00Cdn (Target Hit Nov 24, 2010)
NA Price day before: $58.00 Finish day of posting:$60.00Current:$70.93
-----May 12, 2009------
Maintained BUY
Target raised to $53.50 from $42.00Cdn (Target Hit June 08, 2009)
NA Price day before: $46.40 Finish day of posting:$47.90Current:$70.93
-------Mar 02, 2009-----
Maintained BUY
Target raised to $42.00 from $34.50Cdn (Target Hit Mar 16, 2009)
NA Price day before: $37.88 Finish day of posting:$37.47Current:$70.93
--------Dec 19, 2008----------
Target reduced to $34.50 from $47.00Cdn (Target Hit Jan 28, 2009)
NA Price day before: $25.62 Finish day of posting:$28.91Current:$70.93
-------Dec 05, 2008--------
Maintained BUY
Target reduced to $47.00 from $53.50Cdn
NA Price day before: $35.55 Finish day of posting:$35.99Current:$70.93
------Mar 24, 2008-----
Upgraded to BUY from HOLD
NA Price day before: $48.18 Finish day of posting:$49.95Current:$70.93
-----Oct 12, 2007-----
Maintained HOLD
Price Target $60.00C
NA Price day before: $55.18 Finish day of posting:$55.13Current:$70.93
-------Dec 01, 2006---------
Maintained HOLD
Price Target raised to $68.00 from $67.50
NA Price day before: $63.40 Finish day of posting:$63.93Current:$70.93
-------Sept 01, 2006-------------
Maintained HOLD
Price Target reduced to $65.50 from $67.50 (Target Hit Nov 15, 2006)
NA Price day before: $59.97 Finish day of posting:$60.60Current:$70.93
------Aug 31, 2006-----------
Maintained HOLD
Price Target $67.50
NA Price day before: $61.81 Finish day of posting:$59.97Current:$70.93
-----May 25, 2006-------
Maintained HOLD
Price Target $67.00
NA Price day before: $59.15 Finish day of posting:$60.99Current:$70.93
-------Dec 08, 2005---------
Maintained HOLD
Price Target $63.00 (Target Hit Feb 15, 2006)
NA Price day before: $60.43 Finish day of posting:$59.61Current:$70.93
-------Aug 29, 2005----------
Downgraded to HOLD from BUY
Price Target $61.00 (Target Hit Nov 21, 2005)
NA Price day before: $56.75 Finish day of posting:$57.50Current:$70.93
-------Aug 26, 2005-----
Maintained BUY
Price Target $61.00 (Target Hit Nov 21, 2005)
NA Price day before: $57.17 Finish day of posting:$56.75Current:$70.93
*************
Robert Sedran...CIBC World Markets...May 30, 2011
Target raised to $86.00 from $83.00Cdn
NA Price day before: $80.65 Finish day of posting:$80.61Current:$70.93
------Feb 25, 2011----------
Target raised to $80.00 from $76.00Cdn
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
-------Feb 09, 2011------
Target raised to $76.00 from $75.00Cdn
NA Price day before: $71.92 Finish day of posting:$72.10Current:$70.93
---------Aug 10, 2010-------
Target reduced to $66.00 from $67.00Cdn (Target Hit Nov 24, 2010)
NA Price day before: $59.31 Finish day of posting:$59.19Current:$70.93
-------May 31, 2010----
Target reduced to $67.00 from $68.00Cdn (Missed Target)
NA Price day before: $57.55 Finish day of posting:$57.94Current:$70.93
**********
Ian de Verteuil............ BMO Capital Markets …May 30, 2011
Maintained OUTPERFORM
Target raised to $88.00 from $84.00Cdn
NA Price day before: $80.65 Finish day of posting:$80.61Current:$70.93
--------Feb 25, 2011-------
Maintained OUTPERFORM
Target raised to $81.00 from $74.00Cdn
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
--------Sept 17, 2010-------
Maintained OUTPERFORM
Target raised to $74.00 from $71.00Cdn (Target Hit Feb 17, 2011)
NA Price day before: $65.69 Finish day of posting:$65.88Current:$70.93
---------Aug 27, 2010---------
Maintained OUTPERFORM
Target raised to $71.00 from $70.00Cdn (Target Hit Dec 10, 2010)
NA Price day before: $58.00 Finish day of posting:$60.00Current:$70.93
------May 29, 2009--------
Maintained MARKET PERFORM
Target raised to $52.00 from $48.00Cdn
NA Price day before: $51.30 Finish day of posting:$51.17Current:$70.93
-----Feb 27, 2009------
Maintained MARKET PERFORM
Target raised to $37.00 from $35.00Cdn
NA Price day before: $37.69 Finish day of posting:$37.88Current:$70.93
------Feb 17, 2009----
Downgraded to MARKET PERFORM from OUTPERFORM
Target reduced to $35.00 from $38.00Cdn
NA Price day before: $36.44 Finish day of posting:$34.34Current:$70.93
-------Dec 22, 2008---------
Upgraded to OUTPERFORM from MARKET PERFORM
Target reduced to $38.00 from $44.00Cdn (Target Hit Feb 11, 2009)
NA Price day before: $35.55 Finish day of posting:$35.99Current:$70.93
-------Aug 29, 2008------
Maintained MARKET PERFORM
Target reduced to $44.00 from $55.00Cdn
NA Price day before: $28.86 Finish day of posting:$29.90Current:$70.93
-------Aug 29, 2008------
Downgraded to MARKET PERFORM from OUTPERFORM
Target $55.00C
NA Price day before: $50.43 Finish day of posting:$50.02Current:$70.93
------Oct 29, 2007------
Upgraded to OUTPERFORM from MARKET PERFORM
NA Price day before: $52.01 Finish day of posting:$53.17Current:$70.93
------Aug 26, 2005------
Maintained MARKET PERFORM
Price Target raised to $60.00 from $54.00 (Target Hit Nov 07, 2005)
NA Price day before: $57.17 Finish day of posting:$56.75Current:$70.93
*************
Mario Mendonca............. Canaccord/Genuity.......May 27, 2011
Maintained HOLD
Target $91.00Cdn
NA Price day before: $80.70 Finish day of posting:$80.65Current:$70.93
--------May 24, 2011-------
Downgraded to HOLD from BUY
Target raised to $91.00 from $85.00Cdn
NA Price day before: $81.44 Finish day of posting:$80.21Current:$70.93
------Feb 25, 2011------
Maintained BUY
Target raised to $85.00 from $81.00Cdn
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
---------Feb 07, 2011-----------
Upgraded to BUY from HOLD
Target $81.00Cdn (Target Hit Apr 01, 2011)
NA Price day before: $70.77 Finish day of posting:$71.81Current:$70.93
-------Aug 27, 2010-------
Maintained BUY
Target raised to $69.00 from $68.00Cdn (Target Hit Dec 01, 2010)
NA Price day before: $58.00 Finish day of posting:$60.00Current:$70.93
------May 31, 2010------
Upgraded to BUY from HOLD
Target raised to $70.00 from $69.00Cdn (Missed Target)
NA Price day before: $57.55 Finish day of posting:$57.94Current:$70.93
**********
John Aiken ....... Barclays ……May 27, 2011
Maintained EQUAL WEIGHT
Target raised to $83.00 from $78.00Cdn
NA Price day before: $80.70 Finish day of posting:$80.65Current:$70.93
-------Feb 25, 2011--------
Target raised to $78.00 from $72.00Cdn (Target Hit Mar 30, 2011)
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
************
Peter A. Rozenberg ........ UBS........May 27, 2011
Maintained NEUTRAL
Target raised to $82.00 from $78.00Cdn
NA Price day before: $80.70 Finish day of posting:$80.65Current:$70.93
--------Feb 25, 2011-------
Maintained NEUTRAL
Target raised to $78.00 from $76.00Cdn (Target Hit Mar 30, 2011)
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
--------Dec 07, 2009------
Maintained NEUTRAL
Target raised to $65.00 from $63.00Cdn (Target Hit)
NA Price day before: $60.01 Finish day of posting:$60.14Current:$70.93
------July 27, 2009------
Target raised to $56.00 from $51.00Cdn
NA Price day before: $56.62 Finish day of posting:$56.64Current:$70.93
------May 29, 2009---------
Target raised to $51.00 from $47.00Cdn
NA Price day before: $51.30 Finish day of posting:$51.17Current:$70.93
-------Nov 27, 2008------
Target reduced to $40.00 from $49.00Cdn
NA Price day before: $39.04 Finish day of posting:$38.36Current:$70.93
*************
Jason Bilodeau .......... TD Newcrest.........May 27, 2011
Maintained HOLD
Target raised to $83.00 from $81.00Cdn
NA Price day before: $80.70 Finish day of posting:$80.65Current:$70.93
--------Feb 25, 2011-------
Maintained HOLD
Target raised to $78.00 from $74.00Cdn (Target Hit Mar 18, 2011)
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
---------Aug 27, 2010----------
Maintained HOLD
Target raised to $68.00 from $67.00Cdn (Target Hit Nov 25, 2010)
NA Price day before: $58.00 Finish day of posting:$60.00Current:$70.93
------May 28, 2010------
Maintained HOLD
Target $67.00Cdn (Target Hit Nov 25, 2010)
NA Price day before: $58.07 Finish day of posting:$57.55Current:$70.93
------Nov 11, 2009-----
Maintained HOLD
Target raised to $64.00 from $63.00Cdn (Target Hit)
NA Price day before: $59.64 Finish day of posting:$59.24Current:$70.93
-------Aug 28, 2009-------
Maintained HOLD
Target raised to $63.00 from $61.00Cdn (Target Hit)
NA Price day before: $60.89 Finish day of posting:$59.65Current:$70.93
--------May 29, 2009---------
Maintained HOLD
Target raised to $53.00 from $51.00Cdn (Target Hit)
NA Price day before: $51.30 Finish day of posting:$51.17Current:$70.93
--------May 11, 2009--------
Downgraded to HOLD from BUY
Target raised to $51.00 from $50.00Cdn (Target Hit)
NA Price day before: $48.05 Finish day of posting:$48.80Current:$70.93
-------Dec 24, 2008----
Maintained BUY
Target $50.00Cdn (Target Hit May 26, 2009)
NA Price day before: $35.55 Finish day of posting:$35.99Current:$70.93
--------Dec 05, 2008--------
Maintained BUY
Target reduced to $55.00 from $62.00Cdn
NA Price day before: $35.55 Finish day of posting:$35.99Current:$70.93
-------Aug 29, 2008----------
Maintained BUY
Target $64.00Cdn
NA Price day before: $50.43 Finish day of posting:$50.02Current:$70.93
--------May 30, 2008--------
Maintained BUY
Target $64.00Cdn
NA Price day before: $53.00 Finish day of posting:$54.33Current:$70.93
---------Apr 10, 2008--------
Maintained BUY
Target $64.00Cdn
NA Price day before: $51.09 Finish day of posting:$50.92Current:$70.93
------Oct 11, 2007--------
New BUY
Target $64.00Cdn
NA Price day before: $55.30 Finish day of posting:$55.18Current:$70.93
**************
Bradley Smith ....... Stonecap Securities ……Feb 25, 2011
Target raised to $79.00 from $72.00Cdn
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
************
Darko Mihelic…Cormark Securities…. Feb 25, 2011
Maintained MARKET PERFORM
Target raised to $82.00 from $78.00Cdn
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
-------Aug 27, 2010------
Upgraded to MARKET PERFORM from REDUCE
NA Price day before: $58.00 Finish day of posting:$60.00Current:$70.93
-------Aug 27, 2010-------
New REDUCE
Target $60.00Cdn
NA Price day before: $58.42 Finish day of posting:$58.80Current:$70.93
*********
Gabriel Dechaine .........Credit Suisse……Feb 25, 2011
Maintained NEUTRAL
Target raised to $79.00 from $75.00Cdn
NA Price day before: $73.60 Finish day of posting:$74.97Current:$70.93
-------Feb 16, 2011--------
Maintained NEUTRAL
Target raised to $75.00 from $22.00Cdn
NA Price day before: $73.19 Finish day of posting:$73.75Current:$70.93
------Sept 14, 2010------
Downgraded to NEUTRAL from OUTPERFORM
Target $69.00Cdn (Target Hit)
NA Price day before: $66.71 Finish day of posting:$66.07Current:$70.93
--------Aug 27, 2010------
New OUTPERFORM
Target $69.00Cdn (Target Hit Dec 01, 2011)
NA Price day before: $58.00 Finish day of posting:$60.00Current:$70.93
**************
Kevin R. Choquette ........ Scotia Capital ........Feb 16, 2011
Maintained SECTOR PERFORM
Target raised to $90.00 from $82.00Cdn
NA Price day before: $73.19 Finish day of posting:$73.75Current:$70.93
---------May 28, 2010---------
Maintained SECTOR PERFORM
Target reduced to $70.00 from $75.00Cdn (Target Hit Dec 01, 2010)
NA Price day before: $58.07 Finish day of posting:$57.55Current:$70.93
-------Aug 28, 2009---------
Upgraded to SECTOR PERFORM from UNDERPERFORM
Target raised to $75.00 from $70.00Cdn (Missed Target)
NA Price day before: $60.89 Finish day of posting:$59.65Current:$70.93
---------Aug 05, 2009--------
Downgraded to UNDERPERFORM from SECTOR PERFORM
Target raised to $70.00 from $60.00Cdn
NA Price day before: $59.47 Finish day of posting:$60.00Current:$70.93
--------May 11, 2009------
Maintained SECTOR PERFORM
Target raised to $60.00 from $50.00Cdn (Target Hit Aug 05, 2009)
NA Price day before: $48.80 Finish day of posting:$48.39Current:$70.93
-------Feb 27, 2009------
Maintained SECTOR PERFORM
Target raised to $50.00 from $47.00Cdn (Target Hit May 27, 2009)
NA Price day before: $37.69 Finish day of posting:$37.88Current:$70.93
-----Feb 19, 2009-------
Downgraded to SECTOR PERFORM from OUTPERFORM
Target $47.00 (Target Hit Apr 17, 2009)
NA Price day before: $32.39 Finish day of posting:$33.00Current:$70.93
-------Jan 26, 2009---------
Maintained OUTPERFORM
Target reduced to $47.00 from $55.00Cdn (Target Hit Apr 17, 2009)
NA Price day before: $32.30 Finish day of posting:$32.44Current:$70.93
-------Dec 17, 2008----------
Upgraded to OUTPERFORM from SECTOR PERFORM
NA Price day before: $27.72 Finish day of posting:$27.76Current:$70.93
----------Nov 27, 2008-----------
Target reduced to $55.00 from $65.00Cdn
NA Price day before: $39.04 Finish day of posting:$38.36Current:$70.93
--------Nov 16, 2006------------
Maintained SECTOR PERFORM
Price Target raised to $77.00 from $75.00
NA Price day before: $64.97 Finish day of posting:$64.91Current:$70.93
---------March 01, 2002--------
Maintained STRONG BUY....Price Target $38.00 (Hit Target Oct 07, 2003)
NA Price day before: $30.19
----------January 31, 2002-----------
Upgraded to STRONG BUY from BUY
Price Target raised to $38.00 from $35.00
NA Price day before: $29.32 (Hit Target Oct 07, 2003)
*************
James Bantis .........Credit Suisse.......May 29, 2009
Target raised to $48.00 from $40.00Cdn
NA Price day before: $51.30 Finish day of posting:$51.17Current:$70.93
-------Feb 27, 2009---
Target raised to $40.00 from $37.00Cdn (Target Hit)
NA Price day before: $37.69 Finish day of posting:$37.88Current:$70.93
------Feb 23, 2009---
Target reduced to $37.00 from $43.00Cdn (Target Hit Feb 26, 2009)
NA Price day before: $32.21 Finish day of posting:$30.71Current:$70.93
-------May 31, 2002
Upgraded to BUY from HOLD....Price Target $37.00 (Hit Target Oct 02, 2003)
NA Price day before: $31.80
----------March 01, 2002-----------
Reiterated HOLD.... Price Target raised to $32.00 from $31.00(Hit Target March 22, 2002)
NA Price day before: $30.19
****************
Sumit Malhotra..........Macquarie........Aug 27, 2010
Maintained NEUTRAL
Target reduced to $67.00 from $68.00Cdn
NA Price day before: $58.00 Finish day of posting:$60.00Current:$70.93
--------May 19, 2009------
Maintained NEUTRAL
Target raised to $50.00 from $43.00Cdn (Target Hit May 28, 2009)
NA Price day before: $46.40 Finish day of posting:$47.90Current:$70.93
-------Apr 29, 2009-----
New NEUTRAL
Target $43.00Cdn
NA Price day before: $43.97 Finish day of posting:$43.45Current:$70.93
*********
Mario Mendonca............. Genuity Capital Markets.......Apr 26, 2010
Maintained HOLD
Target raised to $71.00 from $68.00Cdn
NA Price day before: $64.01 Finish day of posting:$63.99Current:$70.93
-------Oct 26, 2009-------
Maintained BUY
Target reduced to $69.00 from $72.00Cdn
NA Price day before: $59.10 Finish day of posting:$58.04Current:$70.93
-------Aug 18, 2009------
Upgraded to BUY from HOLD
NA Price day before: $56.32 Finish day of posting:$57.41Current:$70.93
------May 29, 2009------
Target raised to $64.00 from $60.00Cdn
NA Price day before: $51.30 Finish day of posting:$51.17Current:$70.93
------Mar 02, 2009---
Downgraded to HOLD from BUY
NA Price day before: $37.88 Finish day of posting:$37.47Current:$70.93
--------Feb 27, 2009-----
Maintained BUY
Target raised to $44.00 from $41.00Cdn (Target Hit Apr 14, 2009)
NA Price day before: $37.69 Finish day of posting:$37.88Current:$70.93
-------Jan 12, 2009------
Upgraded to BUY from HOLD
NA Price day before: $33.90 Finish day of posting:$34.00Current:$70.93
---------Jan 06, 2009-------
Target reduced to $36.00 from $42.00Cdn (Target Hit Feb 06, 2009)
NA Price day before: $32.15 Finish day of posting:$34.00Current:$70.93
------Dec 05, 2008-------
Target reduced to $42.00 from $48.00Cdn
NA Price day before: $35.55 Finish day of posting:$35.99Current:$70.93
-------Sept 01, 2006------
Upgraded to BUY from HOLD
NA Price day before: $59.97 Finish day of posting:$60.60Current:$70.93
************
Brad Smith ....... Blackmont Capital ……Dec 07, 2009
Maintained SECTOR PERFORM
Target $65.00Cdn
NA Price day before: $60.01 Finish day of posting:$60.14Current:$70.93
--------Nov 19, 2009--------
Maintained SECTOR PERFORM
Target raised to $65.00 from $62.00Cdn
NA Price day before: $61.95 Finish day of posting:$62.02Current:$70.93
--------Aug 04, 2009------
Maintained SECTOR PERFORM
Target raised to $58.00 from $38.00Cdn
NA Price day before: $58.11 Finish day of posting:$59.47Current:$70.93
------May 29, 2009--------
Maintained HOLD
Target raised to $38.00 from $37.00Cdn
NA Price day before: $51.30 Finish day of posting:$51.17Current:$70.93
-------Feb 17, 2009---
Maintained HOLD
Target reduced to $37.00 from $44.00Cdn
NA Price day before: $36.44 Finish day of posting:$34.34Current:$70.93
---------Aug 29, 2008---------
Maintained HOLD
NA Price day before: $50.43 Finish day of posting:$50.02Current:$70.93
------May 30, 2008------
Maintained HOLD
NA Price day before: $53.00 Finish day of posting:$54.33Current:$70.93
------Jan 08, 2008-----
Maintained HOLD
Target Reduced to $50.00 from $65.00
NA Price day before: $50.35 Finish day of posting:$49.83Current:$70.93
------Nov 19, 2007-----
Maintained HOLD
NA Price day before: $51.03 Finish day of posting:$51.80Current:$70.93
***********
John Aiken............ Dundee Securities …….May 29, 2009
Upgraded to BUY from NEUTRAL
Target raised to $57.00 from $47.00Cdn (Target Hit Aug 27, 2007)
NA Price day before: $51.30 Finish day of posting:$51.17 Current:$70.93
-------Feb 27, 2009---------
Downgraded to NEUTRAL from BUY (Target Hit)
Target reduced to $39.00 from $40.00Cdn
NA Price day before: $37.69 Finish day of posting:$37.88Current:$70.93
-------Feb 09, 2009------
Maintained BUY
Target reduced to $40.00 from $41.00Cdn
NA Price day before: $36.44 Finish day of posting:$36.71Current:$70.93
-------Dec 19, 2008-----
Upgraded to BUY from NEUTRAL
NA Price day before: $25.62 Finish day of posting:$28.91Current:$70.93
------------Dec 04, 2008--------
Target reduced to $43.00 from $49.00Cdn
NA Price day before: $37.82 Finish day of posting:$35.55Current:$70.93
-------May 30, 2008-------
Upgraded to BUY from NEUTRAL
Target raised to $60.00 from $52.00C
NA Price day before: $53.00 Finish day of posting:$54.33Current:$70.93
**************
Darko Mihelic............. CIBC World Markets......May 29, 2009
Downgraded to SECTOR PERFORM from OUTPERFORM
NA Price day before: $51.30 Finish day of posting:$51.17Current:$70.93
------May 19, 2009--------
Maintained OUTPERFORM
Target raised to $51.00 from $46.00Cdn (Target Hit May 28, 2009)
NA Price day before: $46.40 Finish day of posting:$47.90Current:$70.93
------Mar 02, 2009---------
Maintained OUTPERFORM
Target raised to $46.00 from $42.00Cdn (Target Hit Apr 17, 2009)
NA Price day before: $37.88 Finish day of posting:$37.47Current:$70.93
--------Jan 13, 2009------
Upgraded to OUTPERFORM from SECTOR PERFORM
Target reduced to $42.00 from $52.00Cdn (Target Hit Mar 16, 2009)
NA Price day before: $34.00 Finish day of posting:$34.70Current:$70.93
************
James Keating ....... RBC Capital Markets……. Mar 11, 2008
Target Reduced to $43.00 from $51.00 (Target Hit)
NA Price day before: $48.33 Finish day of posting:$49.50Current:$70.93
--------- May 26, 2006 -------
Upgraded to OUTPERFORM from SECTOR PERFORM
NA Price day before: $60.99 Finish day of posting:$62.69Current:$70.93
***********
Steve Cawley ............. TD Newcrest.......Dec 01, 2006
Maintained BUY
Price Target $71.00
NA Price day before: $63.40 Finish day of posting:$63.93Current:$70.93
------Sept 01, 2006-------
Maintained BUY
Price Target reduced to $69.00 from $71.00
NA Price day before: $59.97 Finish day of posting:$60.60Current:$70.93
-----Aug 30, 2006------
Maintained BUY
Price Target $71.00
NA Price day before: $61.70 Finish day of posting:$61.81Current:$70.93
-----May 26, 2006---------
Maintained ACTION LIST BUY
Price Target $71.00
NA Price day before: $60.99 Finish day of posting:$62.69Current:$70.93
-----Dec 09, 2005------
Maintained HOLD
Price Target reduced to $63.00 from $65.00 (Target Hit Feb 15, 2006)
NA Price day before: $59.61 Finish day of posting:$59.12Current:$70.93
------Aug 26, 2005------
Maintained HOLD
Price Target raised to $60.00 from $57.00 (Target Hit Nov 07, 2005)
NA Price day before: $57.17 Finish day of posting:$56.75Current:$70.93
------July 28, 2005-------
Downgraded to HOLD from BUY
Price Target $57.00
NA Price day before: $57.91 Finish day of posting:$58.21Current:$70.93
----Feb 25, 2005-------
Maintained BUY
Price Target to $57.00 from $53.00 (Hit Target July 18, 2005)
NA Price day before: $51.10 Finish day of posting:$52.26Current:$70.93
--------Jan 20, 2005-----
Maintained BUY
Price Target $53.00 (Hit Target Feb 25, 2005)
NA Price day before: $48.20 Finish day of posting:$48.38Current:$70.93
---------Oct 22, 2004-----
New BUY
Price Target $52.00 (Hit Target Feb 11, 2005)
NA Price day before: $46.39 Finish day of posting:$45.80Current:$70.93
*************
Manolis Liodakis PhD ............Citigroup Smith Barney….Nov 17, 2006
Downgraded to ATTRACTIVE 3 from ATTRACTIVE 1
NA Price day before: $64.80 Finish day of posting:$64.91Current:$70.93
*************
Andre-Philippe Hardy ............. Merrill Lynch.......Sept 01, 2006
Downgraded to NEUTRAL from BUY
NA Price day before: $59.97 Finish day of posting:$60.60Current:$70.93
************
Jason Bilodeau .......... UBS......Sept 01, 2006
Maintained NEUTRAL
Price
Target raised to $67.00 from $66.00C
NA Price day before: $59.97 Finish day of posting:$60.60Current:$70.93
************
Darko Mihelic ....... Blackmont Capital …….Dec 09, 2005
Downgraded to HOLD from BUY
NA Price day before: $59.61 Finish day of posting:$59.12Current:$70.93
------Dec 08, 2005------
Maintained BUY
NA Price day before: $60.43 Finish day of posting:$59.61Current:$70.93
------Aug 26, 2006---------
Maintained BUY
NA Price day before: $57.17 Finish day of posting:$56.75Current:$70.93
------May 26, 2005----
Maintained BUY
NA Price day before: $52.05 Finish day of posting:$52.50Current:$70.93
----Feb 25, 2005---------
Upgraded to BUY from HOLD
NA Price day before: $51.10 Finish day of posting:$52.26Current:$70.93
----Dec 02, 2004---------
Maintained HOLD
NA Price day before: $47.76 Finish day of posting:$48.80Current:$70.93
*************
Susan Cohen............ Dundee Securities …….Aug 26, 2005
Upgraded to MARKET OUTPERFORM from MARKET NEUTRAL
NA Price day before: $57.17 Finish day of posting:$56.75Current:$70.93
*************
Michael Overvelde............ UBS Warburg…….May 27, 2005
Maintained NEUTRAL
Price Target raised to $57.00 from $55.00 (Hit Target July 18, 2005)
NA Price day before: $52.50 Finish day of posting:$52.47Current:$70.93
-------Feb 28, 2005---------
Maintained NEUTRAL
Price Target $55.00 (Hit Target)
NA Price day before: $52.26 Finish day of posting:$53.01Current:$70.93
------August 14, 2002
Maintained HOLD....Price Target $36.00(Hit Target May 13, 2003)
NA Price day before: $30.75
-----------May 31, 2002----------
Maintained HOLD....Price Target raised to $36.00 from $34.00(Hit Target May 13, 2003)
NA Price day before: $31.80
-----------April 29, 2002----------
Maintained HOLD....Price Target $34.00(Hit Target April 10, 2002)
NA Price day before: $32.70
-----------March 01, 2002----------
Reiterated HOLD
NA Price day before: $30.19
*************************
Sachin Kewalramani ....... Morgan Stanley…….Dec 07, 2004
Maintained EQUAL WEIGHT
Price Target $48.00C
NA Price day before: $48.49 Finish day of posting:$48.29Current:$70.93
*************
Darko Mihelic ....... Research Capital…….May 28, 2004
Maintained HOLD
Price Target $48.00 (Hit Target Oct 29, 2004)
EPS est 2004: $3.90.......... 2005: $4.20
NA Price day before: $43.79 Finish day of posting:$43.70Current:$70.93
-------Feb 27, 2004----------
Maintained HOLD
Price Target raised to $48.00 from $45.00 (Hit Target Oct 29, 2004)
NA Price day before: $44.80 Finish day of posting:$45.65Current:$70.93
-------Jan 15, 2004-------
Maintained HOLD
Price Target raised to $45.00 from $42.00 (Hit Target)
NA Price day before: $43.00 Finish day of posting:$45.00Current:$70.93
------Dec 05, 2003--------
Maintained HOLD
Price Target raised to $42.00 from $39.00 (Hit Target)
NA Price day before: $41.50 Finish day of posting:$41.45Current:$70.93
------August 29, 2003-------
Maintained HOLD
Price Target $39.00 (Hit Target Oct 10, 2003)
NA Price day before: $35.59 Finish day of posting:$35.05Current:$70.93
---------June 19, 2003---------
Maintained HOLD
Price Target raised to $39.00 from $37.00 (Hit Target Oct 10, 2003)
NA Price day before: $36.37 Finish day of posting:$36.40Current:$70.93
---------May 30, 2003-----------
Maintained HOLD
Price Target raised to $37.00 from $35.00 (Hit Target June 30, 2003)
NA Price day before: $35.08 Finish day of posting:$34.75Current:$70.93
--------February 28, 2003--------
Maintained HOLD
Price Target raised to $35.00 from $32.00 (Hit Target April 23, 2003)
NA Price day before: $32.35 Finish day of posting:$32.50Current:$70.93
----------December 06, 2002
Maintained HOLD
Price Target $32.00 (Hit Target Dec 13, 2003)
NA Price day before: $30.65 Finish day of posting:$30.55Current:$70.93
---------October 28, 2002-----------
New HOLD
Price Target $32.00 (Hit Target)
NA Price day before: $31.49 Finish day of posting:$30.98Current:$70.93
********************************************************
Andre-Philippe Hardy ............. TD Newcrest........May 28, 2004
Maintained BUY
Price Target $50.00 (Hit Target Feb 07, 2005)
NA Price day before: $43.79 Finish day of posting:$43.70Current:$70.93
------Feb 27, 2004-------
Maintained BUY
Price Target raised to $51.00 from $48.00 (Hit Target Feb 09, 2005)
NA Price day before: $44.80 Finish day of posting:$45.65Current:$70.93
---------Dec 05, 2003------
Maintained BUY
Price Target raised to $48.00 from $41.50 (Hit Target Oct 29, 2004)
NA Price day before: $41.50 Finish day of posting:$41.45Current:$70.93
--------August 29, 2003--------
Maintained BUY
Price Target raised to $41.50 from $40.50 (Hit Target Nov 03, 2003)
NA Price day before: $35.59 Finish day of posting:$35.05Current:$70.93
......….February 28, 2003..........
Upgraded to BUY from HOLD
Price Target $36.50 (Hit Target June 18, 2003)
NA Price day before: $32.35 Finish day of posting:$32.50Current:$70.93
--------April 26, 2002-------------
Reinstated HOLD
Price Target $37.50 (Hit Target July 14, 2003)
NA Price day before: $33.40 Finish day of posting:$32.70Current:$70.93
********************************************************
Melanie
A. Ward ....... RBC Capital Markets……. December 06, 2002
Maintained OUTPERFORM
Price Target reduced to $36.00 from $40.00 (Hit Target May 13, 2003)
NA Price day before: $30.65 Finish day of posting:$30.55Current:$70.93
-----------May 31, 2002----------
Downgraded to OUTPERFORM from TOP PICK
Price Target raised to $44.00 from $40.00 (Hit Target Jan 15, 2004)
NA Price day before: $31.80 Finish day of posting:$32.90Current:$70.93
--------------
Thomas
L. Jarmai ...... RBC Capital Markets….
April 16, 2002
Maintained TOP PICK
Price Target $37.50(Hit Target July 14, 2003)
NA Price day before: $33.20 Finish day of posting:$33.99Current:$70.93
-----------March 01, 2002----------
Maintained TOP PICK
Price Target raised to $37.50 from $35.00(Hit Target July 14, 2003)
NA Price day before: $30.19 Finish day of posting:$31.06Current:$70.93
-----------January 07, 2002----------
Reiterated STRONG BUY
Price Target $35.00(Hit Target April 19, 2002)
NA Price day before: $29.53 Finish day of posting:$29.60Current:$70.93
********************************************************
John Reucassel .......... BMO Nesbitt Burns...........October 08, 2002
Downgraded to MARKET PERFORM from OUTPERFORM
Price Target $32.00 (Hit Target Nov 20, 2002)
NA Price day before: $28.46 Finish day of posting:$29.18Current:$70.93
-----------May 31, 2002----------
Maintained OUTPERFORM
Price Target reduced to $36.00 from $37.00 (Hit Target May 13, 2003)
NA Price day before: $31.80 Finish day of posting:$32.90Current:$70.93
-----------March 01, 2002----------
Maintained OUTPERFORM
Price Target raised to $37.00 from $36.00(Hit Target Oct 02, 2003)
NA Price day before: $30.19 Finish day of posting:$31.06Current:$70.93
-----------February 04, 2002----------
Upgraded to OUTPERFORM from MARKET PERFORM
Price Target raised to $36.00 from $31.00 (Hit Target May 13, 2003)
NA Price day before: $30.60 Finish day of posting:$30.22Current:$70.93
********************************************************
Susan
Cohen ........... Dundee Securities……..... September 04, 2002
Maintained BUY
Price Target Reduced to $35.00 from $36.00 (Hit Target April 19, 2002)
NA Price day before: $28.80 Finish day of posting:$29.40Current:$70.93
-----------April 22, 2002-----------
Maintained ACCUMULATE
Price Target raised to $36.00 from $35.00 (Hit Target May 13, 2003)
NA Price day before: $34.80 Finish day of posting:$34.93Current:$70.93
********************************************************
Jamie
Keating .................. Merrill Lynch……. May 31, 2002
Reiterated BUY....Price Target $38.00 (Hit Target Oct 07, 2003)
NA Price day before: $31.80
---------March 01, 2002-------
Reiterated BUY
NA Price day before: $30.19 Finish day of posting:$31.06Current:$70.93
---------February 12, 2002-------
Downgraded to BUY from STRONG BUY
NA Price day before: $30.49
---------January 22, 2002-------
Reiterated STRONG BUY..Price Target $33.00 (Hit Target March 22, 2002)
NA Price day before: $28.76
********************************************************
Heather Wolf Mattes .......... Goldman, Sachs……April 12, 2002
Upgraded to OUTPERFORM from MARKET PERFORM
NA Price day before: $33.85
National Bank Of Canada
Short Positions TSX
Date Outstanding Price Range
Feb 01 to 15, 2011 5.59million $73.72 to $69.83
Jan 16 to 31, 2011 5.73million $71.18 to $69.21
Jan 01 to 15, 2011 5.42million $70.95 to $68.00
Dec 16 to 31, 2010 5.04million $71.77 to $67.92
Dec 01 to 15, 2010 2.67million $71.60 to $67.89
Nov 16 to 30, 2010 3.26million $68.98 to $64.01
Nov 01 to 15, 2010 3.18million $67.80 to $63.80
Oct 16 to 28, 2010 3.58million $68.25 to $65.67
Oct 01 to 15, 2010 3.71million $66.97 to $63.83
Sept 16 to 30, 2010 2.68million $66.40 to $63.87
Sept 01 to 15, 2010 3.36million $66.77 to $61.86
Aug 16 to 31, 2010 3,435,569 $62.09 to $54.85
Aug 01 to 15, 2010 2,843,504 $59.98 to $56.31
July 16 to 30, 2010 2,929,796 $59.95 to $55.67
July 01 to 15, 2010 3,013,374 $59.60 to $54.40
June 16 to 30, 2010 2,336,957 $59.29 to $54.44
June 01 to 15, 2010 1,840,933 $58.98 to $56.05
May 16 to 31, 2010 2,033,672 $60.73 to $56.62
May 01 to 15, 2010 2,674,372 $62.72 to $56.15
Apr 16 to 30, 2010 2,647,729 $64.24 to $61.77
Apr 01 to 15, 2010 1,915,493 $63.06 to $60.26
Mar 16 to 31, 2010 1,824,486 $63.58 to $61.33
Mar 01 to 15, 2010 1,691,267 $62.90 to $60.32
Feb 16 to 28, 2010 1,844,419 $60.63 to $57.83
Feb 01 to 15, 2010 2,101,201 $58.50 to $56.40
Jan 16 to 31, 2010 2,030,140 $59.43 to $56.10
Jan 01 to 15, 2010 1,490,882 $60.47 to $57.50
Dec 16 to 31, 2009 1,368,873 $61.99 to $59.42
Dec 01 to 15, 2009 2,141,751 $64.70 to $56.91
Nov 16 to 30, 2009 2,602,183 $63.74 to $60.01
Nov 02 to 13, 2009 2,489,476 $60.53 to $56.06
Oct 16 to 30, 2009 2,698,116 $59.75 to $56.00
Oct 01 to 15, 2009 2,163,089 $59.76 to $56.57
Sept 16 to 30, 2009 2,131,036 $62.40 to $59.08
Sept 01 to 15, 2009 2,341,052 $61.90 to $58.77
Aug 17 to 31, 2009 2,441,911 $61.45 to $55.16
Aug 04 to 14, 2009 2,260,554 $60.39 to $56.15
July 16 to 31, 2009 2,252,377 $59.13 to $54.99
July 02 to 15, 2009 2,389,326 $55.88 to $51.18
June 16 to 30, 2009 2,471,915 $55.77 to $51.27
June 01 to 15, 2009 3,011,971 $55.20 to $51.09
May 16 to 29, 2009 $51.75 to $47.34
May 01 to 15, 2009 2,819,127 $49.39 to $43.00
Apr 16 to 30, 2009 2,927,788 $46.00 to $42.77
Apr 01 to 15, 2009 3,068,903 $44.23 to $39.62
Mar 16 to 31, 2009 2,956,987 $45.18 to $38.55
Mar 13, 2009 3,235,316 $41.34 to $34.94
Feb 27, 2009 3,659,766 $38.10 to $30.40
Feb 13, 2009 2,845,106 $38.15 to $32.36
Jan 31, 2009 2,864,374 $36.72 to $31.02
Jan 15, 2009 2,221,533 $34.79 to $30.65
Dec 31, 2008 1,820,570 $32.18 to $24.25
Dec 15, 2008 1,834,404 $40.74 to $28.18
Nov 28, 2008 1,930,845 $45.45 to $32.88
Nov 14, 2008 1,870,801 $46.47 to $43.20