The Globe and Mail reports in its Wednesday, Oct. 29, edition that the first correction on the S&P/TSX composite index in almost three years produced a wave of reratings from sell-side analysts. The Globe's Tim Shufelt writes in the Number Cruncher column that former richly valued stocks became bargains and sells became buys. Mr. Shufelt says the subsequent rebound further shuffled the deck, resulting in a new order of top-ranked stocks. With the correction possibly over, Mr. Shufelt searched out stocks with the highest possible analyst recommendations. Bloomberg calculates an average rating on a scale of one to five, where one represents a "strong sell" and five represents a "strong buy." Mr. Shufelt set a minimum score of 4.5. Next, he filtered out small companies, as well as stocks with scores skewed by the bullish opinions of too few analysts. He set a minimum market capitalization of $500-million. Eligible stocks had to be covered by at least 10 analysts. He capped the price-to-earnings ratio at 20 times. Stocks that analysts are rating highly are Sherritt International, Rio Alto Mining, Manulife Financial, Cardinal Energy, Precision Drilling and Bankers Petroleum.