Canadian Analyst Coverage Update: Aug 7th, 2025

BCE Inc. (BCE:CA) TD Securities Maintains "Buy" Rating,

Analyst Ratings (Canada)

5N Plus Inc. (VNP:CA) — Desjardins Securities raised the target price to $17.50 with a Buy rating.

Advantage Energy Ltd. (AAV:CA) — CIBC World Markets maintained a Neutral rating and $14.00 target price.

Ag Growth International Inc. (AG:CA) — ATB Capital raised the target price to $52.00 and gave an Outperform rating.

Aurora Cannabis (ACB:CA) — TD Securities maintained a Buy rating with a $10 target.

BCE Inc. (BCE:CA) — Morningstar maintained a Strong Buy rating at $45.00.

BCE Inc. (BCE:CA) — CIBC World Markets maintained a Neutral rating at $33.00.

Brookfield Asset Management Ltd. (BAM:CA) — Scotiabank raised target price to $92.00 with an Outperform rating.

Brookfield Asset Management Ltd. (BAM:CA) — BMO Capital Markets raised target to $77.00 with a Market Perform rating.

Brookfield Asset Management Ltd. (BAM:CA) — CIBC World Markets raised target to $97.00 with an Outperform rating.

Brookfield Asset Management Ltd. (BAM:CA) — TD Securities maintained a Buy rating at $103.00.

BTB REIT (BTB.UN:CA) — National Bank lowered target price to $3.30 with a Sector Perform rating.

Canadian Pacific Kansas City Ltd (CP:CA) — Morningstar maintained Hold rating at $100.00.

Cerrado Gold Inc. (CERT:CA) — H C Wainwright initiated coverage with a Buy rating and $1.60 target.

Chorus Aviation Inc. (CHR:CA) — Scotiabank raised target price to $24.00 with a Sector Perform rating.

Chorus Aviation Inc. (CHR:CA) — CIBC World Markets raised target to $30.00 with an Outperform rating.

Chorus Aviation Inc. (CHR:CA) — TD Securities maintained a Buy rating at $29.00.

Chorus Aviation Inc. (CHR:CA) — Scotiabank raised target to $24.00 (rating not specified).

Coelacanth Energy Inc. (CEI:CA) — Ventum Financial gave a Buy rating at $1.15 target.

Computer Modelling Group Ltd. (CMG:CA) — CIBC World Markets maintained a Neutral rating at $8.00.

CT REIT (CRT-UN:CA) — Raymond James raised target to $17.00 with a Market Perform rating.

CT REIT (CRT-UN:CA) — Desjardins Securities raised target to $16.50 with a Hold rating.

CT REIT (CRT-UN:CA) — National Bank raised target to $15.95 with a Sector Perform rating.

CT REIT (CRT-UN:CA) — TD Securities maintained a Buy rating at $29.00.

Denison Mines Corp. (DML-T) — Scotiabank raised target to $4.00 .

Dexterra Group Inc. (DXT:CA) — National Bank raised target to $14.00 with an Outperform rating.

Dexterra Group Inc. (DXT:CA) — ATB Capital raised target to $11.75 with an Outperform rating.

Diversified Royalty Corp. (DIV:CA) — Desjardins Securities raised target to $4.00.

Diversified Royalty Corp. (DIV:CA) — CIBC World Markets raised target to $3.50 with a Neutral rating.

Doman Building Materials Group Ltd. (DBM:CA) — Raymond James raised target to $11.00 with a Strong Buy rating.

Dream Industrial REIT (DIR-UN:CA) — TD Securities raised target to $13.50 with a Buy rating.

Dream Industrial REIT (DIR-UN-T) — Scotiabank raised target to $14.50.

Eldorado Gold Corp. (ELD:CA) — National Bank raised target to $41.00 with an Outperform rating.

Element Fleet Management Corp. (EFN:CA) — TD Securities raised target to $42.00 with a Buy rating.

Element Fleet Management Corp. (EFN:CA) — National Bank raised target to $47.00.

Element Fleet Management Corp. (EFN:CA) — Raymond James raised target to $40.00 with a Strong Buy rating.

Element Fleet Management Corp. (EFN:CA) — CIBC World Markets raised target to $41.00 with an Outperform rating.

Finning International Inc. (FTT:CA) — Raymond James raised target to $68.00 with an Outperform rating.

Finning International Inc. (FTT:CA) — Scotiabank lowered target to $64.00 with an Outperform rating.

Finning International Inc. (FTT:CA) — RBC Capital raised target to $67.00 with an Outperform rating.

Finning International Inc. (FTT:CA) — CIBC World Markets raised target to $68.00 with an Outperform rating.

First Quantum Minerals Ltd. (FM:CA) — Stifel Nicolaus raised target to $26.00 with a Hold rating.

First Quantum Minerals Ltd. (FM:CA) — Scotiabank raised target to $28.00 with a Sector Perform rating.

Frontier Lithium Inc. (FL:CA) — BMO Capital Markets set a Market Perform rating at $0.75 target.

Goeasy Ltd. (GSY:CA) — TD Securities raised target to $210.00 with a Buy rating.

Goeasy Ltd. (GSY:CA) — Raymond James raised target to $226.00 with an Outperform rating.

Goeasy Ltd. (GSY:CA) — National Bank raised target to $265.00 with an Outperform rating.

Great-West Lifeco Inc. (GWO:CA) — Scotiabank raised target to $61.00 with an Outperform rating.

Great-West Lifeco Inc. (GWO:CA) — BMO Capital Markets raised target to $56.00 with a Market Perform rating.

Great-West Lifeco Inc. (GWO:CA) — Desjardins Securities raised target to $55.00 with a Hold rating.

Great-West Lifeco Inc. (GWO:CA) — Barclays Capital raised target to $57.00 with an Equal-Weight rating.

IA Financial Corp. Inc. (IAG:CA) — Desjardins Securities raised target to $149.00 with a Hold rating.

IA Financial Corp. Inc. (IAG:CA) — RBC Capital raised target to $151.00 with a Sector Perform rating.

IA Financial Corp. Inc. (IAG:CA) — National Bank raised target to $146.00 with a Sector Perform rating.

IA Financial Corp. Inc. (IAG-T) — Scotiabank raised target to $159.00.

IGM Financial Inc. (IGM:CA) — Scotiabank raised target to $57.00 with a Sector Perform rating.

Imperial Oil Ltd. (IMO:CA) — RBC Capital raised target to $108.00 with a Sector Perform rating.

Imperial Oil Ltd. (IMO:CA) — TD Securities raised target to $102.00 with a Hold rating.

Kelt Exploration Ltd. (KEL:CA) — CIBC World Markets lowered target to $10.50 with an Outperform rating.

Kinaxis Inc. (KXS:CA) — CIBC World Markets raised target to $198.00 with a Neutral rating.

Kits Eyecare Ltd. (KITS:CA) — Stifel Nicolaus raised target to $22.00 with a Buy rating.

Kneat.com Inc. (KSI:CA) — Raymond James lowered target to $7.00 with an Outperform rating.

Lithium Ionic Corp. (LTH:CA) — BMO Capital Markets set target at $1.25 with an Outperform rating.

Loncor Gold Inc. (LN:CA) — Fundamental Research set target at $1.70 with a Buy rating.

Magna International Inc. (MG:CA) — TD Securities raised target to $71.00 with a Buy rating.

Magna International Inc. (MG:CA) — TD Securities raised target to $71.00 with a Buy rating.

Manulife Financial Corp. (MFC:CA) — National Bank raised target to $47.00 with an Outperform rating.

Manulife Financial Corp. (MFC:CA) — Barclays Capital raised target to $47.00 with an Equal-Weight rating.

Manulife Financial Corp. (MFC:CA) — TD Securities maintained Buy rating at $50.00.

Manulife Financial Corp. (MFC:CA) — CIBC World Markets maintained Neutral rating at $44.00.

NextSource Materials Inc. (NEXT:CA) — BMO Capital Markets assigned Market Perform rating.

NuVista Energy Ltd. (NVA:CA) — National Bank raised target to $18.60 with an Outperform rating.

NuVista Energy Ltd. (NVA:CA) — TD Securities maintained Buy rating at $18.00.

Orla Mining Ltd. (OLA:CA) — Stifel Nicolaus lowered target to $18.50 with a Buy rating.

Parkland Corp. (PKI:CA) — National Bank raised target to $42.00 with a Tender rating.

Parkland Corporation (PKI:CA) — Scotiabank lowered target to $41.50.

Pason Systems Inc. (PSI:CA) — TD Securities maintained Hold rating at $13.00.

Patriot Battery Metals Inc. (PMET:CA) — BMO Capital Markets set target at $7.00 with an Outperform rating.

Pembina Pipeline Corp. (PPL:CA) — Wells Fargo set target at $50.00 with an Underperform rating.

Pet Valu Holdings Ltd. (PET:CA) — Barclays Capital raised target to $41.00 with an Overweight rating.

Pet Valu Holdings Ltd. (PET:CA) — Desjardins Securities raised target to $41.00 with a Buy rating.

Pet Valu Holdings Ltd. (PET:CA) — Raymond James raised target to $40.00 with an Outperform rating.

Pet Valu Holdings Ltd. (PET:CA) — National Bank raised target to $41.00 with an Outperform rating.

Pet Valu Holdings Ltd. (PET:CA) — Stifel Nicolaus raised target to $40.00 with a Buy rating.

Pet Valu Holdings Ltd. (PET:CA) — ATB Capital raised target to $41.00 with an Outperform rating.

Pet Valu Holdings Ltd. (PET:CA) — TD Securities raised target to $44.00 with a Buy rating.

Power Corporation of Canada (POW:CA) — BMO Capital Markets raised target to $58.00.

Premium Brands Holding Corp. (PBH:CA) — TD Securities maintained Buy rating at $140.00.

Premium Brands Holdings Corp. (PBH:CA) — Scotiabank raised target to $100.00 with a Sector Perform rating.

Premium Brands Holdings Corp. (PBH:CA) — Canaccord Genuity raised target to $118.00.

Premium Brands Holdings Corp. (PBH:CA) — CIBC World Markets raised target to $108.00 with an Outperform rating.

Premium Brands Holdings Corp. (PBH:CA) — National Bank raised target to $101.00 with a Sector Perform rating.

Premium Brands Holdings Corp. (PBH:CA) — RBC Capital raised target to $108.00 with an Outperform rating.

Premium Brands Holdings Corp. (PBH:CA) — Desjardins Securities raised target to $103.00 with a Buy rating.

Premium Brands Holdings Corp. (PBH:CA) — BMO Capital Markets raised target to $109.00 with an Outperform rating.

Premium Brands Holdings Corp. (PBH:CA) — Raymond James raised target to $115.00 with an Outperform rating.

RB Global Inc. (RBA:CA) — BMO Capital Markets raised target to $176.00 with an Outperform rating.

RB Global Inc. (RBA:CA) — Raymond James raised target to $182.00 with an Outperform rating.

RB Global Inc. (RBA:CA) — National Bank raised target to $152.00 with a Sector Perform rating.

RB Global Inc. (RBA:CA) — RBC Capital raised target to $178.00 with an Outperform rating.

Savaria Corp. (SIS:CA) — TD Securities maintained a Buy rating at $24.00.

Shopify Inc. (SHOP) — National Bank raised target to $244.00 with an Outperform rating.

Shopify Inc. (SHOP:CA) — RBC Capital raised target to $220.00 with a Sector Perform rating.

Shopify Inc. (SHOP:CA) — CIBC World Markets raised target to $250.00 with an Outperform rating.

Shopify Inc. (SHOP:CA) — Bank of America raised target to $250.00 with a Buy rating.

Shopify Inc. (SHOP:CA) — Wedbush Morgan raised target to $216.00 with an Outperform rating.

Shopify Inc. (SHOP:CA) — Mizuho Securities raised target to $204.00 with a Hold rating.

Shopify Inc. (SHOP:CA) — Truist Securities raised target to $204.00 with a Hold rating.

Shopify Inc. (SHOP:CA) — Oppenheimer raised target to $244.00 with an Outperform rating.

Shopify Inc. (SHOP:CA) — TD Securities raised target to $230.00 with an Outperform rating.

Shopify Inc. (SHOP:CA) — Scotiabank raised target to $204.00 with a Sector Perform rating.

Shopify Inc. (SHOP:CA) — Goldman Sachs raised target to $238.00 with a Buy rating.

Shopify Inc. (SHOP:CA) — JP Morgan raised target to $242.00 with a Buy rating.

Shopify Inc. (SHOP:CA) — BMO Capital Markets raised target to $244.00 with an Outperform rating.

Shopify Inc. (SHOP:CA) — Barclays Capital raised target to $162.00 with a Hold rating.

Shopify Inc. (SHOP:CA) — Stifel Nicolaus raised target to $204.00 with a Hold rating.

Shopify Inc. (SHOP:CA) — DA Davidson raised target to $250.00 with a Buy rating.

Shopify Inc. (SHOP:CA) — KeyBanc Capital Markets raised target to $238.00 with an Overweight rating.

South Bow Corp. (SOBO:CA) — TD Securities maintained a Hold rating at $35.00.

South Bow Corporation (SOBO:CA) — CIBC World Markets raised target to $37.00 with a Neutral rating.

Spartan Delta Corp. (SDE:CA) — CIBC World Markets maintained an Outperform rating at $6.25.

Spartan Delta Corp. (SDE:CA) — TD Securities maintained a Buy rating at $6.00.

Sprott Inc. (SII:CA) — TD Securities maintained a Hold rating at $100.00.

SSR Mining Inc. (SSRM:CA) — TD Securities raised target to $24.00 with a Hold rating.

SSR Mining Inc. (SSRM:CA) — National Bank raised target to $24.75 with a Sector Perform rating.

Standard Lithium Ltd. (SLI:CA) — BMO Capital Markets set target at $4.75 with an Outperform rating.

Suncor Energy Inc. (SU:CA) — ATB Capital raised target to $62.00 with a Sector Perform rating.

Suncor Energy Inc. (SU:CA) — Desjardins Securities raised target to $65.00 with a Buy rating.

Suncor Energy Inc. (SU:CA) — Raymond James raised target to $58.00 with a Market Perform rating.

Suncor Energy Inc. (SU:CA) — Scotiabank raised target to $62.00 with a Sector Perform rating.

Suncor Energy Inc. (SU:CA) — TD Securities raised target to $63.00 with a Buy rating.

Thinkific Labs, Inc. (THNC:CA) — CIBC World Markets downgraded target to $2.50 with a Neutral rating.

Thomson Reuters Corp. (TRI:CA) — Scotiabank raised target to $275.00 with an Outperform rating.

Thomson Reuters Corp. (TRI:CA) — Morningstar maintained an Underperform rating at $233.00.

Thomson Reuters Corp. (TRI:CA) — Wells Fargo downgraded target to $257.00 with an Equal-Weight rating.

Thomson Reuters Corp. (TRI:CA) — TD Securities downgraded target to $275.00 with a Hold rating (two entries).

Thomson Reuters Corporation (TRI:CA) — Scotiabank raised target to $275.00.

WSP Global Inc. (WSP:CA) — BMO Capital Markets raised target to $324.00.

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