Analyst Ratings (Canada)
AbraSilver Resource Corp. (ABRA:CA) – Scotiabank maintained its Outperform rating and set a $9.00 target price, reflecting confidence in ongoing project advancement and supportive commodity price outlooks.
Automotive Properties REIT (APR.UN:CA) – Raymond James lowered its target price to $12.50 from $12.75 while maintaining Outperform, reflecting adjustments to interest-rate assumptions and broader REIT-sector valuation compression.
Automotive Properties REIT (APR-UN:CA) – Scotiabank maintained its Sector Perform rating with a $12.50 target, indicating expectations for steady but limited near-term growth aligned with sector averages.
B2Gold (BTO:CA) – CIBC World Markets lowered its target price to $8.50, reflecting updated gold-price forecasts and mine-level cost considerations.
Brookfield Asset Management (BAM:CA) – Scotiabank maintained its Outperform rating with a $9.50 target, reflecting strong fee-related earnings visibility and resilient asset-management fundamentals.
BRP Inc. (DOO:CA) – TD Securities maintained its Buy rating and $106.00 target, pointing to durable demand trends and operational execution in recreational vehicles.
Canadian Natural Resources (CNQ:CA) – RBC Capital issued a $62.00 target and an Outperform rating, reflecting stable production prospects and supportive crude-oil pricing assumptions.
Cenovus Energy (CVE:CA) – Morgan Stanley raised its target to $31.00 from $26.00, driven by improving oil-market fundamentals and enhanced upstream margin outlooks.
CES Energy Solutions (CEU:CA) – National Bank increased its target to $13.00 from $10.50 while maintaining Outperform, highlighting strengthening drilling activity and margin expansion potential.
DPM Metals (DPM:CA) – CIBC World Markets maintained a Neutral rating with a $40.00 target, reflecting balanced risk-reward amid mixed commodity-price dynamics.
Equinox Gold (EQX:CA) – CIBC World Markets raised its target to $23.00 from $22.00, maintaining the Outperform rating, supported by improving project visibility and stronger gold-price forecasts.
Imperial Oil (IMO:CA) – Morgan Stanley raised its target to $101.00 from $97.00, reflecting updated oil-price expectations and continued capital-return strength.
Kinross Gold (K:CA) – CIBC World Markets increased its target to $52.00 from $36.00 and maintained Outperform, reflecting stronger operational performance and revised gold-price assumptions.
Metro Inc. (MRU:CA) – Scotiabank raised its target to $110.00 from $108.00, maintaining Outperform, reflecting steady consumer-staples demand and margin resilience.
Metro Inc. (MRU:CA) – Desjardins Securities issued a Hold rating with a $105.00 target, indicating expectations for stable but moderated growth relative to valuation.
Metro Inc. (MRU:CA) – Scotiabank provided an additional update raising its target to $110.00, reflecting continued confidence in defensive cash-flow consistency.
Metro Inc. (MRU:CA) – CIBC World Markets maintained its Buy rating with a $118.00 target, reflecting strong competitive positioning and reliable earnings momentum.
NexLiving Communities (NXLV:CA) – Raymond James lowered its target to $2.60 from $2.50, maintaining Outperform, adjusting for sector-wide interest-rate sensitivities but still recognizing solid occupancy trends.
Northland Power (NPI:CA) – CIBC World Markets reduced its target to $24.00 from $25.00, maintaining Outperform, due to updated renewable-energy project assumptions and macro cost pressures.
Northland Power (NPI:CA) – TD Securities maintained its Buy rating with a $22.00 target, emphasizing long-term contracted cash flows in offshore wind and renewables.
Open Text (OTEX:CA) – CIBC World Markets maintained a Neutral rating with a $56.00 target, reflecting mixed outlooks for software demand and integration progress.
Real Matters (REAL:CA) – TD Securities maintained its Buy rating with a $9.00 target, reflecting expectations for volume recovery in mortgage-related services.
Roots (ROOTS:CA) – TD Securities maintained its Buy rating with a $4.00 target, pointing to brand-repositioning efforts and improving retail performance.
Sienna Senior Living (SIA:CA) – Desjardins Securities raised its target to $23.00 from $21.00, maintaining Buy, supported by improving occupancy levels and sector recovery trends.
South Bow Corporation (SOBO:CA) – Scotiabank maintained its Sector Perform rating with a $29.00 target, reflecting moderate growth expectations relative to peers.
Stella-Jones (SJ:CA) – Raymond James issued a $100.00 target and maintained Outperform, reflecting strong infrastructure demand and resilient utility-pole markets.
Stella-Jones (SJ:CA) – TD Securities maintained its Buy rating with a $97.00 target, based on continued earnings momentum and stable end-market conditions.
WELL Health Technologies (WELL:CA) – TD Securities maintained its Buy rating with a $7.50 target, highlighting sustained digital-health adoption and growing revenue streams.
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It’s clear that interest rates are continuing to put pressure on sectors like REITs, as we see with Automotive Properties REIT. I’m curious how much of an impact these rate hikes will have on the broader Canadian REIT market in 2026.