Analyst Ratings (Canada)
The following are today’s 22 latest analyst ratings tracked from multiple analysts for Canadian listed and traded stocks for Wednesday November 19th, 2025:
Bank of Montreal (BMO:CA) had its target price raised by CIBC World Markets to $192 from $180, reflecting improving net interest margins and stronger-than-expected capital markets revenue across Canadian banks.
Bombardier (BBD.B:CA) had its target price raised by JP Morgan to $215 from $170, reflecting robust business jet demand, improved delivery execution, and stronger cash-flow visibility.
Brookfield Asset Management (BAM:CA) had its Buy rating maintained by TD Securities with a target price of $107, reflecting by rising fee-bearing capital and continued momentum in alternative asset fundraising.
Equinox Gold (EQX:CA) had its Outperform rating maintained by TD Securities with a target price of $19, reflecting favorable gold price trends and improved production guidance at key mines.
IGM Financial (IGM:CA) was initiated by CIBC World Markets with a Neutral rating and a target price of $61, reflecting balanced prospects between stable fee income and longer-term headwinds in traditional wealth management flows.
Lithium Americas (LAC:CA) Canaccord Genuity assigns with a target price of $6.50, reflecting early-stage project risk combined with long-term upside from expected lithium supply shortages.
Lithium Royalty Corp (LIRC:CA) had its target price raised by Canaccord Genuity to $9.00 from $8.60, reflecting stronger projected royalty revenue tied to rising lithium pricing forecasts.
MTY Food Group (MTY:CA) had its target price lowered by Raymond James to $44 from $50, reflecting softer same-store sales trends and cost pressures impacting franchise profitability.
PMET Resources (PMET:CA) was initiated by RBC Capital Markets with an Outperform rating and a target price of $4.70, reflecting attractive exploration potential and strategic positioning within the battery metals supply chain.
Power Corporation of Canada (POW:CA) had its target price raised by RBC Capital Markets to $68 from $60, reflecting stronger performance at subsidiaries such as Great-West Lifeco and improved investment income.
Power Corporation of Canada (POW:CA) also had its Neutral rating initiated at CIBC World Markets with a target price of $75, reflecting stable earnings but limited near-term catalysts for valuation expansion.
Quebecor (QBR-B:CA) had its rating downgraded to Sector Perform from an Outperform rating by National Bank, with a target price of $54, reflecting steady wireless subscriber growth offset by competitive pressures in media and telecom segments.
RioCan REIT (REI-UN:CA) had its target price raised by BMO Capital Markets to $21 from $20, reflecting improved leasing activity and stronger retail foot traffic across its portfolio.
RioCan REIT (REI-UN:CA) also had its Buy rating maintained by TD Securities with a target price of $21, reflecting stable occupancy levels and a solid pipeline of mixed-use development projects.
Royal Bank of Canada (RY:CA) had its target price raised by CIBC World Markets to $220 from $208, reflecting strong loan growth, disciplined cost control, and outperformance in wealth and capital markets divisions.
Scotiabank (BNS:CA) had its target price raised by CIBC World Markets to $100 from $93, reflecting improving international banking momentum and early signs of margin recovery.
South Bow Corp (SOBO:CA) had its Hold rating maintained by TD Securities with a target price of $37, reflecting balanced prospects between stable operations and limited acceleration in near-term growth.
Stella-Jones (SJ:CA) had its Buy rating maintained by TD Securities with a target price of $97, reflecting continued demand for utility poles and railway ties amid infrastructure investment tailwinds.
TD Bank Group (TD:CA) had its target price raised by CIBC World Markets to $122 from $112, reflecting improved expense outlook and positive credit trends following provisions normalization.
Telus (T:CA) had its target price lowered by National Bank to $21 from $23, while Upgrading to a Outperform rating from Sector Perform, reflecting near-term margin pressure in telecom operations but confidence in long-term growth from Telus Health and Telus International.
Transcontinental (TCL-A:CA) had its Buy rating maintained at TD Securities with a target price of $27, reflecting stabilization in its printing segment and ongoing improvements in its packaging division.
Open Text (OTEX:CA) had its Buy rating maintained by TD Securities with a target price of $70, reflecting recurring revenue strength and better-than-expected integration progress from recent acquisitions.
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I find the contrast between Brookfield Asset Management’s steady growth and the uncertainty around Lithium Americas quite telling. It’s a reminder of how risky the early stages of a project can be, even with high long-term potential.
It’s interesting to see the positive momentum in Canadian banks like BMO, especially with the target price hike reflecting stronger net interest margins. Meanwhile, Bombardier’s boost highlights how improving delivery execution and cash flow visibility are driving analyst confidence. These updates really underscore the importance of tracking sector-specific trends, especially as we head into the final quarter of the year.