By Cristina Alesci
Feb. 3 (Bloomberg) -- Shares of the following companies may have unusual fluctuations in Canadian trading today. Stock symbols are in parentheses and prices are from the previous close.
The Standard & Poor’s/TSX Composite Index dropped 0.8 percent to 8,624.83 in Toronto.
Precision Drilling Trust (PD-U CN): UBS AG initiated coverage of Canada’s largest oil and gas drilling company with a “buy” rating and a 12-month share-price estimate of C$9.00. Precision fell 15 percent to C$5.27.
Softchoice Corp. (SO CN): The marketer of other companies’ software was raised to “outperform” from “market perform” by Raymond James. Softchoice rose 5.8 percent to C$2.75.
TransCanada Corp. (TRP CN): The owner of Canada’s largest pipeline system is scheduled to report fourth-quarter results. The company earned 55 Canadian cents a share, according to the average estimate of 11 analysts surveyed by Bloomberg. The shares gained 1.2 percent to C$33.39.
To contact the reporter on this story: Cristina Alesci in New York at Calesci2@bloomberg.net.
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