1Stocks that caught the eye this week

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Which stock headlines and analyst reports caught your eye this week? Here is a press overview that brings together various texts about exchanges.

11th December

News from the market:

Scotiabank’s new CEO will have to convince investors of his plan to boost profits in Latin America. The bank’s chief executive, Scott Thomson, will meet with shareholders for the first time since taking office on Wednesday, with high expectations that the Canadian lender will present a turnaround plan for its Latin American business and a strategy to boost profits at home.

Coastal GasLink (TC Energy) is seeking CA$1.2 billion from its pipeline supplier over delays. Coastal GasLink, a Canadian pipeline partnership operated by TC Energy, is seeking C$1.2 billion from one of its major suppliers over construction delays. The group could be forced to pay a comparable amount if an arbitrator rules against it, according to documents released ahead of court proceedings scheduled for this month.

Occidental Petroleum buys CrownRock for $12 billion. Occidental Petroleum has announced the purchase of Permian Basin-based energy producer CrownRock for $12 billion in cash and stock.

Nordic pension fund groups will demand that Tesla respect collective bargaining. US carmaker Tesla will be urged to respect collective bargaining for its employees in the Nordic region in a joint letter to be sent this week by a group of pension funds, the three groups said.

Boeing named Stephanie Pope chief operating officer. Boeing has named Stephanie Pope, who has 30 years of experience with the company, as chief operating officer, making her a front-runner to succeed CEO David Calhoun when he steps down.


Canadian Western Bank (CWB, $31.30): attractive valuation according to analyst Desjardins. The small western bank’s Q4 results on Friday were interesting enough for Desjardins Securities analyst Doug Young to maintain a buy rating while raising his price target to $37 from $33.

Intact Financial Corporation (IFC, $210.25): UK asset sale pleases BMO analyst. As expected, the insurer, which is headquartered in Toronto but has a significant portion of its operations in Quebec, last week announced the conclusion of a strategic review of its UK retail business lines. Uni which covers around 5% of its listed rewards.

Loblaw (L, $124.05): the priority is to maintain its financial framework. Last Friday, the folks at National Bank Financial welcomed Loblaw executives to their Toronto offices, including CFO Richard Dufresne, as well as Roy MacDonald and Felipe de Souza, vice president and director of investor relations, respectively.

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