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

Agrium Inc. (AGU - NYSE)

Thursday's close $67.15 U.S., up 92¢

Agrium Inc. is seeing a bounce back in potash volumes, firming nitrogen prices and an improvement in retail margins, said Citigroup Global Markets analyst P.J. Juvekar.

Upside: The shares are reiterated "buy" and the price target was raised to $80 (U.S.) from $64. The 2010 share profit estimate was raised to $5.04 from $4.66 and the 2011 profit is forecast at $6.15 a share.

BCE Inc. (BCE - TSX)

Thursday's close $32.16, up 56¢

BCE Inc.increased its quarterly dividend by 5 per cent to $1.83 a year, but the payout remains at the low end of a range based on the forecast share profit, said Phillip Huang, an analyst with UBS Securities Canada. Growth will mainly be generated by wireless, he said.

Upside: The shares are reiterated "buy" with a forecast 2010 share profit of $2.72 in 2010 and $2.95 in 2011.

Calfrac Well Services Ltd. (CFW - TSX)

Thursday's close $22.39, down 12¢

Calfrac Well Services Ltd. could see ontinued improvement in its U.S. profit margins in 2010, while equipment utilization in Canada is reaching maximum capacity, said Kurt Hallead, an analyst with RBC Dominion Securities.

Upside: The shares are reiterated "outperform" and the 2010 share profit forecast was increased to 91 cents from 81 cents and the 2011 profit is estimated at $1.91. The share price target is $32.

Phoenix Technology Income Fund (PHX.UN - TSX)

Thursday's close $9.05, up 16¢

Phoenix Technology Income Fund, which provides measurement-while-drilling directional services and related equipment to the oil and gas industry, is seeing increased activity in Canada, although profit margins were weaker, said Wellington West Capital Markets analyst Greg Colman.

Upside: The units are reiterated "strong buy" with a price target of $11.50. The forecast 2010 unit profit was raised to $1.33 from $1.29 and the 2011 earnings are estimated at $1.82.

Cathedral Energy Services Ltd. (CET - TSX)

Thursday's close $5.97, up 47¢

Cathedral Energy Services Ltd. has a $13-million capital spending program under way to advance its drilling equipment technology and it could begin to generate earnings from a Venezuelan joint venture, said Mr. Colman.

Upside: The shares are reiterated "strong buy" with a price target of $9. The forecast 2010 share profit was increased to $1.14 from $1.08 and the 2011 earnings are estimated at $1.32.