Cervus LP, MI Developments, Magna: Canadian Equity Preview

By John Kipphoff

Aug. 25 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading on Aug. 25. Stock symbols are in parentheses, and share prices are from the previous close.

The Standard & Poor's/TSX Composite Index fell 0.7 percent to 13,447.29.

Cervus LP (CVL-U CN): The manager of John Deere farm equipment dealerships in Western Canada was rated ``buy'' in new coverage by Richard Stuart at Leede Financial Markets Inc. The Vancouver-based analyst set a 12-month share-price target of C$25. The shares fell 8.4 percent to C$18.50.

MI Developments Inc. (MIM/A CN): The owner of properties used by Magna International Inc.(MG/A CN), North America's biggest car-parts maker, said it hired GMP Capital Corp. (GMP-U CN) to advise it on a potential reorganization and consider alternatives with regard to its controlling stake in money- losing racetrack owner Magna Entertainment Corp. (MEC/A CN).

Canadian Frank Stronach is the founder and chairman of MI Developments, Magna Entertainment and Magna International. MI Developments added 1.4 percent to C$20.97. Magna Entertainment, which hasn't reported an annual profit since 2001, according to Bloomberg data, was unchanged at C$7.54. Magna International rose 1.1 percent to C$61.68.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.