Analyst Ratings (Canada)
The following are today’s latest 30 analyst ratings tracked from muliple analysts for Canadian listed and traded stocks:
Altus Group Ltd (AIF:CA): TD Securities raised its target price to C$70 from C$63 and maintained a Buy rating, reflecting confidence in the company’s earnings momentum and real estate analytics growth.
Bank of Montreal (BMO:CA): RBC Capital downgraded the stock to Sector Perform from Outperform and lowered its target to C$163 from C$168, reflecting valuation concerns and a more cautious banking outlook.
BlackBerry Inc. (BB:CA): TD Securities downgraded the stock to Hold from Buy, but raised its target from C$5.50 to C$7.00, reflecting execution risks, and balancing valuation despite progress in QNX and cybersecurity.
Canadian National Railway Co. (CNR:CA): Scotiabank lowered its target price to C$150 from C$153 but kept an Outperform rating, pointing to modest earnings pressure in the rail sector.
Canadian Pacific Kansas City Ltd (CP:CA): Scotiabank trimmed its target to C$119 from C$122 while keeping an Outperform rating, citing near-term freight volume headwinds.
Cargojet Inc. (CJT:CA): Scotiabank lowered its target to C$135 from C$140, reflecting weaker air cargo demand but with longer-term fundamentals intact.
Celestica Inc. (CLS:CA): TD Securities downgraded the stock to Hold from Buy despite raising its target sharply to C$238 from C$130, reflecting strong performance already priced into shares.
CGI Inc. (GIB.A:CA): TD Securities lowered its target to C$145 from C$190 but maintained a Buy rating, reflecting long-term contract visibility despite near-term margin pressure.
D2L Inc. (DTOL:CA): TD Securities resumed coverage with a Buy rating and set a C$22 target, reflecting optimism in recurring revenues and edtech demand.
Descartes Systems Group Inc. (DSG:CA): TD Securities lowered its target to C$169 from C$188 but maintained a Buy rating, reflecting ongoing growth but tempered expectations on margins.
Docebo Inc. (DCBO:CA): TD Securities cut its target to C$51.50 from C$88 while keeping a Buy rating, reflecting sector volatility but confidence in long-term SaaS adoption.
Dorel Industries Inc. (DII.B:CA): BMO Capital Markets raised its target to C$2.00 from C$1.50, reflecting modest improvements in consumer products demand.
Dye & Durham Ltd (DND:CA): CIBC downgraded the stock to Neutral from Buy and cut its target to C$8.50 from C$16, citing leverage concerns and slowing deal flow.
Enghouse Systems Ltd. (ENGH:CA): TD Securities cut its target to C$22 from C$29 and reiterated Hold, reflecting weaker software demand and limited near-term catalysts.
Kinaxis Inc. (KXS:CA): TD Securities raised its target to C$225 from C$190 and reiterated Buy, reflecting strong subscription growth and supply chain software demand.
Lightspeed Commerce Inc. (LSPD:CA): TD Securities resumed coverage with a Hold rating and C$18 target, reflecting balanced risk-reward as competition in payments intensifies.
Maple Leaf Foods Inc. (MFI:CA): BMO Capital Markets set a C$35 target with an Outperform rating, reflecting improving margins and cost management progress.
Open Text Corp. (OTEX:CA): TD Securities downgraded to Hold from Buy while raising its target to C$56 from C$49, reflecting integration risks despite cloud growth momentum.
Real Matters Inc. (REAL:CA): TD Securities raised its target to C$9 from C$8.50 and reiterated Buy, while Canaccord lifted its target to C$10 from C$7 with a Buy, reflecting improving mortgage and appraisal market activity.
Shopify Inc. (SHOP:CA): TD Securities lifted its target to C$217 from C$181 and reiterated the Buy rating, reflecting strong merchant adoption and improving profitability.
Stella-Jones Inc. (SJ:CA): CIBC raised its target to C$90 from C$89, reflecting steady infrastructure demand and earnings stability.
TFI International Inc. (TFII:CA): Scotiabank cut its target to C$140 from C$144, reflecting soft freight volumes but maintaining a positive long-term industry outlook.
Toronto-Dominion Bank (TD:CA): RBC Capital raised its target to C$120 from C$93 and reiterated Outperform, reflecting stronger-than-expected balance sheet positioning and potential benefit from rate cuts.
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Looks like Canadian National Railway and Canadian Pacific Kansas City are facing some headwinds with freight volume. I’m curious to see if the longer-term fundamentals they’ve maintained will be enough to weather these near-term challenges.