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

Sun Life Financial Inc. (SLF-TSX)

Close: $23.33, up 6¢

Desjardins Securities analyst Michael Goldberg thinks shares of Sun Life Financial Inc. have gone as high as they can go over the near term given current low interest rates. He downgraded Sun Life to "hold" from "buy." He recommends both Industrial Alliance Insurance and Financial Services Inc. and Manulife Financial Corp.

Upside: Mr. Goldberg raised his price target on Industrial Alliance to $28.50 from $27. His price target remains at $13 on Manulife. Both stocks are rated as "buys."

Jean Coutu Group (PJC) (PJC.A-TSX)

Close: $14.81, up 24¢

Desjardins Securities analyst Keith Howlett has upgraded Jean Coutu Group (PJC) Inc. to "buy" from "hold," after the company modestly beat earnings expectations for its fiscal second quarter. Even though Quebec's generic drug reforms hurt sales revenues, the company saw volume growth thanks in part to more patients using generics, he said.

Upside: Mr. Howlett raised his price target by $1 to $16.

Arcan Resources (ARN-TSX Venture)

Close: 93¢, down 7¢

CIBC World Markets has downgraded oil and gas producer Arcan Resources Ltd. to "sector performer" from "sector outperformer" because of recent disappointing well results and a "strained" balance sheet. "With these issues, we expect Arcan will struggle to keep volumes flat in 2013. Given a lack of production growth, we believe there is no reason to be in the equity," said CIBC analyst Adam Gill.

Downside: Mr. Gill cut his price target to $1.45 from $1.90.

Bauer Performance Sport (BAU-TSX)

Close: $10.99, up 15¢

With orders for the upcoming holiday season up 12 per cent, the outlook for growth in Bauer Performance Sports Ltd.'s core ice hockey business remains solid, said CIBC World Markets analyst Mark Petrie. Bauer has also announced the purchase of a small Toronto-based uniform supplier named Inaria, which will give it a new level of expertise in the market for North American team appare, he said.

Upside: CIBC raised its target by 50 cents to $12.50 and reiterated a "sector outperformer" rating.

Porto Energy (PEC-TSX Venture)

Close: 20¢, down 4¢

Raymond James analyst Rafi Khouri downgraded Porto Energy Corp. to "underperform" from "market perform." The stock surged after an update Monday on the drilling of the Alcobaça-1 Presalt well in Portugal provided encouraging indications of a significant find.

Downside: Mr. Khouri maintained a 15-cent price target.