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

George Weston Ltd. (WN - TSX)

Wednesday's close $78.73, down 27¢

Profitability for George Weston Ltd. has been boosted by last year's productivity enhancements, but the next catalyst for a higher share price could be acquisitions as it deploys some of its $4.6-billion cash balance, said Jim Durran, an analyst with National Bank Financial.

Downside: The share price target was raised to $86 from $82, but he considers George Weston as being "full valued."

Enbridge Inc. (ENB - TSX)

Wednesday's close $50.53, down $1.02

"The flurry of recent project announcements from Enbridge Inc. have gone a long way to answering any lingering questions on its post-2010 growth outlook," said Chad Friess, an analyst with UBS Securities Canada. He forecasts annual share profit growth of 9 per cent until 2012.

Downside: The shares, which yield 3.4 per cent, are rated "neutral" with a price target of $53. The 2010 share profit is forecast at $2.63.

Industrial Alliance Insurance (IAG - TSX)

Wednesday's close $33.44, down $1.01

Industrial Alliance Insurance "did a good job managing earnings through a very difficult environment," said Doug Young, an analyst with TD Securities. However, "we struggle with its U.S. expansion strategy."

Downside: The 10-per-cent total potential return target is not sufficient to justify a "buy" rating. The shares are reiterated "hold" with a price target of $37.

Rogers Communications Inc. (RCI.B - TSX)

Wednesday's close $35.59, down $1.24

Rogers Communications Inc. remains "the play" for wireless in Canada with a good long-term outlook, but new competition could lead to "potentially irrational pricing" and aggressive competition on phone upgrades causing investor sentiment to be undermined, said Maher Yaghi, a Desjardins Securities analyst.

Downside: The share rating is downgraded to "hold" from "buy," although the price target was raised to $39.50 from $38.40.

Cummins Inc. (CMI - NYSE)

Wednesday's close $79.76 U.S., up 33¢

Cummins Inc., which manufactures diesel and natural gas powered engines, has improved its profit margins and a strong cash flow gives it future expansion capabilities, said Citigroup Global Markets analyst Timothy Thein.

Upside: The shares are reiterated "buy" and the price target was raised to $92 (U.S.) from $83. The 2010 share profit forecast was raised to $4.85 from $3.90 and the 2011 earnings are forecast at $6 a share.