EYE ON EQUITIES / STOCKS THAT SHOULD BE ON YOUR RADAR SCREEN

INDIGO BOOKS & MUSIC INC.

(IDG-TSX)

Yesterday's close

$13.25, up 20¢

Indigo Books & Music Inc. has entered the e-book market with the launch of its Shortcover service, which enables clients to buy and download e-books to wireless smart phones or computers through the internet. The service provides an international growth opportunity, said RBC Dominion Securities analyst Sara O'Brien.

Upside: The shares are rated "outperform" with a price target of $15.

TRANSCANADA CORP.

(TRP-TSX)

Yesterday's close

$33, up 34¢

TransCanada Corp. expects to generate stable earnings as a result of its $11.2-billion of capital expenditures in 2010 and 2011.

Upside: The shares are reiterated "buy" with a price target of $45, which is based on 10-times the forward operating profit and an expected 3.85-per-cent dividend yield, said Chad Friess, an analyst with UBS Securities Canada. The share profit is forecast at $2.50 in 2011.

CANFOR PULP INCOME FUND

(CFX.UN-TSX)

Yesterday's close

$6.77, up 17¢

Canfor Pulp Income Fund has increased the monthly distribution on its units to 5 cents from 1 cent, which reflects the increase in pulp prices, said TD Securities' analysts Graham Meagher and Sean Steuart. The units yield 9 per cent.

Upside: The units are rated "buy" with a price target of $7.50. The current distribution appears "conservative in the context of our 2010 and mid-cycle distributable cash forecasts," they said.

GENESIS LAND DEVELOPMENT CORP.

(GDC-TSX)

Yesterday's close

$2, down 1¢

Genesis Land Development Corp. is "making meaningful headway in reducing high debt/obligation levels," said Jeff Roberts, an analyst with Desjardins Securities. "But considerably more needs to be done." Genesis is a Calgary-based land developer and home builder. Upside: The shares are reiterated "buy" and the price target was raised to $3 from $2.75. After-tax net asset value is estimated at $5.20 a share.

ANGLE ENERGY INC.

(NGL-TSX)

Yesterday's close

$6.05, down 5¢

Angle Energy Inc. is an "undervalued, low cost, gas producer with low risk horizontal drilling upside," said Geoff Ready, an analyst with Haywood Securities. It could become an intermediate-sized producer during the next two years, he said.

Upside: The shares are reiterated "sector outperform" with a price target of $9.50. The 2010 cash flow is forecast at $1.33 a share.