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

Shaw Communications Inc. (SJR.B - TSX)

Wednesday's close $20.95, up 65¢

Shaw Communications Inc. shares "are ready for prime time" with the acquisition of CanWest's television assets, said TD Securities analyst Vince Valentini.

Upside: The share rating is raised to "buy" from "hold" with a price target of $24. The 2010 earnings are forecast at $1.44 and the forecast 2011 share profit was increased to $1.61 from $1.51. The 2012 earnings are estimated at $1.84.

Procter & Gamble Co. (PG NYSE)

Wednesday's close $59.55 U.S., down 39¢

Procter & Gamble Co. "deserves the benefit of the doubt" after reporting a disappointing fourth quarter share profit given its long list of new product launches and its history of profitable expansion said Wendy Nicholson, an analyst with Citigroup Global Markets.

Upside: The shares are reiterated "buy" with a price target of $69 (U.S.). The share profit is forecast at $3.95 in fiscal 2011 and $4.30 in 2012.

Saputo Inc. (SAP - TSX)

Wednesday's close $32.14, up 84¢

The share price of Saputo Inc., a dairy processor and cheese producer, does not reflect its ability to make profitable acquisitions, said Michael Van Aelst, an analyst with TD Securities. The company should be debt free by the end of the fiscal year, he said.

Upside: The shares are reiterated "buy" with a price target of $38. The fiscal 2011 earnings forecast was increased to $2.19 a share from $2.11.

Capital Power Corp. (CPX - TSX)

Wednesday's close $23.40, unch.

Capital Power Corp. reported weak second quarter results as a result of trading losses, penalty payments and higher general and administrative expenses, said RBC Dominion Securities analyst Robert Kwan.

Downside: The forecast 2010 share profit was reduced to $1.16 from $1.42. The 2011 share profit forecast was raised to $1.39 from $1.18 due to higher realized prices from hedging and lower interest expenses. The share price target is $23.

Aecon Group Inc. (ARE - TSX)

Wednesday's close $11.12, up 12¢

Aecon Group Inc., a construction company, has a growing backlog of contracts, which stands at $2.7-billion, up 64 per cent on a year-over-year basis, said Maxim Sytchev, an analyst with NCP Northland Capital Partners.

Upside: The shares are rated "sector outperform" with a price target of $15. The 2010 share profit forecast was increased to 67 cents from 61 cents and the 2011 forecast is 76 cents.