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

Talisman Energy Inc. (TLM - TSX)

Tuesday's close $17.49, up 40¢

Talisman Energy Inc. has completed the sale of $1.5-billion on non-core assets in North America, reducing its net debt at the end of the second quarter to $1.3-billion, down from $2.1-billion at the end of 2009, said UBS Securities Canada analysts.

Upside: The shares are reiterated "buy" with a price target of $22.50. The 2011 cash flow a share is forecast at $4.20.

Sierra Wireless Inc. (SWR - NASDAQ)

Tuesday's close $7.00 U.S., down 19¢

Sierra Wireless Inc., a manufacturer of wireless data communications equipment, is estimated to generate about 46 per cent of its revenue from AT&T Inc., Sprint Nextel Corp. and Barnes & Noble Inc., according to Steven Li, an analyst with Raymond James.

Upside: The shares are reiterated "outperform" with a price target of $12 (U.S.) and a forecast profit of 55 cents a share in 2010 and 81 cents in 2011.

First Quantum Minerals Ltd. ( FM - TSX)

Tuesday's close $69.06, up 76¢

First Quantum Minerals Ltd. has arranged $250-million (U.S.) in a seven-year debt financing for its $400-million Kevitsa nickel-copper development project in Finland, said John Hughes, an analyst with Desjardins Securities.

Upside: The shares are reiterated "buy" with a price target of $107.30 (Canadian). The project could add $2 to $3 to the share price, he said. The share profit in 2010 is forecast at $9.27 (U.S.).

Biovail Corp. (BVF - NYSE)

Tuesday's close $21.80 U.S., up 32¢

Biovail Corp., a specialty pharmaceutical company, could see its revenue rise at an annual rate of 10 per cent to 12 per cent as a result of a merger with California-based Valeant Pharmaceuticals International, said TD Securities analyst Lennox Gibbs. The cost synergies could reach $175-million (U.S.) with 25 per cent of the savings coming from Biovail's research and development.

Upside: The share price target was raised to $24.50 from $18.50.

CGI Group Inc. ( GIB.A - TSX)

Tuesday's close $15.46, down 77¢

CGI Group Inc., a systems integration, consulting and outsourcing company, reported sluggish new order growth and "we continue to believe that multiple expansion will be difficult to attain in the short to medium term," said Maher Yaghi, an analyst with Desjardins Securities.

Downside: The shares are reiterated "hold" with a price target of $19. The recovery will remain slow through 2010 and 2011, he said.