Among the companies whose shares are making notable moves in Thursday's session are Research In Motion Ltd. RIMM, Transat A.T. Inc. TRZ.B.T and Progressive Waste Solutions Ltd. BIN.
Research In Motion ($10.20, -$0.46, -4.3%) said it would nominate Timothy Dattels, a San Francisco-based senior partner at TPG Capital L.P. and a former partner at Goldman Sachs Group Inc. (GS), to its board, ahead of its regularly scheduled annual meeting next month. He'll replace Antonio Viana-Baptista, a Spanish telecom executive, on the board.
Transat (C$4.08, -C$0.28, -6.4%) swung to a second-quarter loss, hurt by a sharp drop in selling prices of sun-destination packages to Mexico and the Caribbean and high fuel costs. Results missed analyst expectations.
TD upgraded Progressive Waste (C$19.04, C$0.72, 3.9%) to action list buy from buy, saying it believes the shares offer "compelling value" as a result of "strong free cash flow, solid dividend, steady share buybacks, defensive industry characteristics, domestic market exposure, low market expectations, and the potential for accretive acquisitions."
Among the companies whose shares are making notable moves in Thursday's session are Celtic Exploration Ltd. and Dollarama Inc. .
BMO upgraded Celtic Exploration (C$12.01, C$0.93, 8.4%) to market perform from underperform, citing share-price weakness. "While we continue to have concerns over Celtic's guidance in 2012 and beyond, we believe the valuation better reflects the risks associated with potential operational hiccups," BMO said in a research note.
Dollarama (C$63.23, C$2.62, 2.6%) continues to rise after posting better-than-expected first-quarter results Wednesday. Shares closed up 6.6% Wednesday.