Canadian Analyst Ratings: Oct 17th

Here is a summary of the Canadian analyst ratings changes for October 17th, 2023:

Air Canada (AC:CA) received an “OUTPERFORM” rating from Raymond James, with a previous price target of $28.00 and a new price target of $31.00.

Algonquin Power (AQN) was rated “SECTOR PERFORM” by National Bank, with a previous price target of $8.50 USD and a new price target of $9.50.

Altagas Ltd (ALA:CA) had its price target reduced by JP Morgan, from $33.00 to $31.00.

Altius Renewable Royalties Corp. (ARR:CA) received an “OUTPERFORM” rating from National Bank, with a previous price target of $10.00 and a new price target of $10.75.

Canadian National Railway Co. (CNR:CA) was given an “OUTPERFORM” rating by Bernstein, with a previous price target of $172.00 and a new price target of $171.00.

Capstone Copper Corp. (CS:CA) received an “OUTPERFORM” rating from National Bank, with a previous price target of $6.75 and a new price target of $7.25.

Cargojet Inc. (CJT:CA) was rated “SECTOR PERFORM” by National Bank, with a previous price target of $112.00 and a new price target of $119.00.

CF Industries Holdings Ltd. (CF) was given an “OUTPERFORM” rating by RBC Capital, with a previous price target of $100.00 USD, which was revised to a new price target of $95.00.

Computer Modelling Group Ltd. (CMG:CA) received a “HOLD” rating from Canaccord Genuity, with a previous price target of $10.00 and a new price target of $8.75.

Denison Mines Corp (DML:CA) was rated “MARKET PERFORM” by BMO Capital Markets, but no specific price targets were provided.

Ero Copper Corp. (ERO:CA) received a “SECTOR PERFORM” rating from National Bank, with a previous price target of $26.00, which was increased to a new price target of $30.00.

GDI Integrated Facility Services Inc. (GDI:CA) was given a “BUY” rating by Desjardins Securities, with a previous price target of $56.00, which was adjusted to a new price target of $55.00.

Giga Metals Corporation (GIGA:CA) received a “BUY” rating from Fundamental Research, with a price target of $0.95.

Gildan Activewear Inc. (GIL:CA) was rated “OUTPERFORM” by National Bank, with a previous price target of $48.00, which was lowered to a new price target of $46.00.

High Tide Inc. (HITI:CA) received a “BUY” rating from Eight Capital, with a price target of $5.00,

Hudbay Minerals Inc. (HBM:CA) was given a “SECTOR PERFORM” rating by National Bank, with a previous price target of $8.25, which was raised to a new price target of $10.25.

iMetal Resources Inc. (IMR:CA) received a “BUY” rating from Fundamental Research, with a price target of $0.25.

Ivanhoe Electric Inc. (IE:CA) was rated “OVERWEIGHT” by JP Morgan, with a price target of $24.00.

Laurentian Bank of Canada (LB:CA) had its rating changed from “UNDERPERFORM” to “SECTOR PERFORM” by National Bank, with a previous price target of $27.00, which was increased to a new price target of $32.00.

Lundin Mining Corp. (LUN:CA) received a “SECTOR PERFORM” rating from National Bank, with a previous price target of $11.25, which was raised to a new price target of $11.50.

Lycos Energy Inc (LCX:CA) was rated “OUTPERFORM” by National Bank, with a price target of $10.00.

Magna International Inc. (MGA) received an “OUTPERFORM” rating from Evercore Partners, with a previous price target of $75.00 USD, which was adjusted to a new price target of $70.00.

Medexus Pharmaceuticals Inc. (MDP:CA) was rated “OUTPERFORM” by Raymond James, with a price target of $4.00.

NFI Group Inc. (NFI:CA) received an “OUTPERFORM” rating from National Bank, with a previous price target of $18.00, which was reduced to a new price target of $15.00.

Open Text Corp. (OTEX) was given an “OUTPERFORM” rating by BMO Capital Markets, with a previous price target of $45.00 USD, which was raised to a new price target of $50.00.

Parkland Corporation (PKI:CA) received an “OUTPERFORM” rating from RBC Capital, with a previous price target of $48.00, which was lowered to a new price target of $47.00.

Shawcor Ltd (MATR:CA) had its price target increased by Cormark Securities, from $25.00 to $26.50.

Taseko Mines Ltd. (TKO:CA) was rated “SECTOR PERFORM” by National Bank, with a previous price target of $2.20, which was raised to a new price target of $2.40.

Teck Resources Ltd. (TECK.B:CA) was given a “SECTOR PERFORM” rating by Scotiabank, with a previous price target of $75.00, which was revised to a new price target of $69.00.

Teck Resources Ltd. (TECK.B:CA) received an “OVERWEIGHT” rating from JP Morgan, with a new price target of $52.00.

Tourmaline Oil Corp (TOU:CA) had its price target reduced by Stifel Nicolaus, from a previous target of $80.00 to a new target of $78.00.

Tourmaline Oil Corp. (TOU:CA) was rated “OUTPERFORM” by CIBC World Markets, with a previous price target of $82.50, which was lowered to a new price target of $77.00.

Tourmaline Oil Corp. (TOU:CA) received an “OUTPERFORM” rating from ATB Capital, with a previous price target of $92.00, which was adjusted to a new price target of $90.00.

Tourmaline Oil Corp. (TOU:CA) was given a “BUY” rating by Canaccord Genuity, with a previous price target of $78.00, which was reduced to a new price target of $75.00.

Tourmaline Oil Corp. (TOU:CA) received an “OUTPERFORM” rating from National Bank, with a previous price target of $80.00, which was adjusted to a new price target of $75.00.

Tourmaline Oil Corp. (TOU:CA) was rated “BUY” by TD Securities, with a previous price target of $79.00, which was revised to a new price target of $77.00.

Tourmaline Oil Corp. (TOU:CA) received an “OUTPERFORM” rating from RBC Capital, with a previous price target of $86.00, which was adjusted to a new price target of $84.00.

Please note that the ratings and price targets are based on analyst opinions as of October 17th, 2023.