Canadian Analyst Updates: February 20th, 2026

Canadian Analyst Updates: February 20th, 2026

Analyst Ratings (Canada)

The following are today’s 127 entries of the latest analyst ratings tracked for Canadian-listed and Canadian-traded stocks, with several brokerages adjusting their outlooks and target prices in response to company-specific developments, earnings expectations, commodity fluctuations, and broader sector trends:

Altus Group Ltd. (AIF:CA) BMO Capital Markets lowered the target to $48.00 from $61.00 while maintaining Market Perform.

Altus Group Ltd. (AIF:CA) RBC Capital lowered the target to $50.00 from $56.00 while maintaining Sector Perform.

Altus Group Ltd. (AIF:CA) TD Securities maintained the Buy rating with a $67.00 target.

Boardwalk REIT (BEI.UN:CA) CIBC maintained the Buy rating with a $85.00 target.

Boardwalk REIT (BEI.UN:CA) Scotiabank maintained the Sector Perform rating with a C$78.00 target.

Boardwalk REIT (BEI.UN:CA) TD Securities maintained the Buy rating with a $85.00 target.

Canadian Tire Corp. (CTC.A:CA) BMO Capital Markets raised the target to $194.00 from $180.00 while maintaining Market Perform.

Canadian Tire Corp. (CTC.A:CA) Desjardins Securities raised the target to $203.00 from $190.00 while maintaining Buy.

Canadian Tire Corp. (CTC.A:CA) National Bank raised the target to $211.00 from $201.00 while maintaining Sector Perform.

Canadian Tire Corp. (CTC.A:CA) Scotiabank raised the target to $180.00 from $160.00 while maintaining Sector Perform.

Canadian Tire Corporation, Limited (CTC.A:CA) Scotiabank upgraded to Sector Perform with a C$180.00 target.

Canadian Tire Corporation, Limited (CTC.A:CA) TD Securities raised the target to $205.00 from $194.00 while maintaining Hold.

Cenovus Energy Inc. (CVE:CA) BMO Capital Markets lowered the target to $35.00 from $38.00 while maintaining Outperform.

Cenovus Energy Inc. (CVE:CA) Desjardins Securities raised the target to $36.00 from $33.00 while maintaining Buy.

Cenovus Energy Inc. (CVE:CA) Raymond James raised the target to $33.00 from $30.00 while maintaining Strong Buy.

Cenovus Energy Inc. (CVE:CA) RBC Capital raised the target to $32.00 from $31.00 while maintaining Outperform.

Cenovus Energy Inc. (CVE:CA) Scotiabank raised the target to $34.00 from $30.00 while maintaining Outperform.

Cenovus Energy Inc. (CVE:CA) TD Securities raised the target to $35.00 from $28.00 while maintaining Buy.

Centerra Gold Inc. (CG:CA) CIBC maintained the Outperform rating with a $37.00 target.

Centerra Gold Inc. (CG:CA) Scotiabank maintained the Sector Outperform rating with a $26.00 target.

Centerra Gold Inc. (CG:CA) TD Securities maintained the Buy rating with a $30.00 target.

Choice Properties REIT (CHP.UN:CA) National Bank raised the target to $16.00 from $15.50 while maintaining Sector Perform.

Choice Properties REIT (CHP.UN:CA) Raymond James raised the target to $16.50 from $16.25 while maintaining Market Perform.

Choice Properties REIT (CHP.UN:CA) Scotiabank raised the target to $16.50 from $16.00 while maintaining Outperform.

Choice Properties REIT (CHP.UN:CA) TD Securities maintained the Buy rating with a $17.00 target.

Coveo Solutions Inc. (CVO:CA) TD Securities maintained the Buy rating with a $9.50 target.

CT REIT (CRT.UN:CA) CIBC maintained the Hold rating with a $17.00 target.

CT REIT (CRT.UN:CA) TD Securities maintained the Hold rating with a $17.00 target.

Denison Mines Corp. (DML:CA) Scotiabank raised the target to C$6.00 while maintaining Sector Outperform.

Dream Industrial REIT (DIR.UN:CA) TD Securities maintained the Buy rating with a $15.00 target.

Dream Office REIT (D.UN:CA) Scotiabank maintained the Sector Perform rating with a C$18.25 target.

Dream Office REIT (D.UN:CA) TD Securities maintained the Hold rating with an $18.00 target.

Eldorado Gold Corp. (ELD:CA) CIBC World Markets downgraded to Neutral with a $74.00 target.

Eldorado Gold Corporation (ELD:CA) Scotiabank maintained the Sector Outperform rating with an $81.00 target.

Eldorado Gold Corporation (ELD:CA) TD Securities maintained the Hold rating with a $64.00 target.

Element Fleet Management Corp. (EFN:CA) TD Securities maintained the Buy rating with a $42.00 target.

Equinox Gold Corp. (EQX:CA) National Bank raised the target to $26.00 from $25.00 while maintaining Outperform.

Fairfax Financial Holdings Limited (FFH:CA) Scotiabank maintained the Sector Outperform rating with a C$3,150 target.

First Majestic Silver Corp. (AG:CA) Scotiabank maintained the Sector Perform rating with a $31.50 target.

First Quantum Minerals Ltd. (FM:CA) Scotiabank maintained the Sector Outperform rating with a C$45.00 target.

Firan Technology Group Corp. (FTG:CA) Raymond James raised the target to $20.00 from $17.50 while maintaining Peer Perform.

H&R REIT (HR.UN:CA) Scotiabank maintained the Sector Perform rating with a C$12.00 target.

Hudbay Minerals Inc. (HBM:CA) CIBC maintained the Buy rating with a $43.00 target.

Imperial Oil Ltd. (IMO:CA) Desjardins Securities raised the target to $132.00 from $120.00 while maintaining Sell.

Ivanhoe Mines Ltd. (IVN:CA) Canaccord Genuity lowered the target to $15.00 from $18.00 while maintaining Hold.

Ivanhoe Mines Ltd. (IVN:CA) TD Securities maintained the Buy rating with a $19.00 target.

Lundin Gold Inc. (LUG:CA) TD Securities maintained the Hold rating with a $114.00 target.

Lundin Mining Corporation (LUN:CA) Scotiabank maintained the Sector Outperform rating with a C$35.00 target.

Lundin Mining Corporation (LUN:CA) TD Securities maintained the Buy rating with a $42.00 target.

MTY Food Group Inc. (MTY:CA) National Bank raised the target to $49.00 from $43.00 while maintaining Outperform.

MTY Food Group Inc. (MTY:CA) RBC Capital raised the target to $48.00 from $45.00 while maintaining Sector Perform.

MTY Food Group Inc. (MTY:CA) Raymond James raised the target to $46.00 from $44.00 while maintaining Market Perform.

MTY Food Group Inc. (MTY:CA) Scotiabank raised the target to $46.00 from $41.00 while maintaining Sector Perform.

MTY Food Group Inc. (MTY:CA) TD Securities raised the target to $45.00 from $37.00 while maintaining Hold.

Neo Performance Materials Inc. (NEO:CA) BMO Capital Markets initiated coverage at Outperform with a $30.00 target.

Nutrien Ltd. (NTR:CA) CIBC maintained the Outperform rating with a $111.00 target.

Nutrien Ltd. (NTR:CA) TD Securities raised the target to $111.00 from $109.00 while maintaining Buy.

Obsidian Energy Ltd. (OBE:CA) BMO Capital Markets raised the target to $12.00 from $10.00 while maintaining Outperform.

Obsidian Energy Ltd. (OBE:CA) RBC Capital raised the target to $10.00 from $9.00 while maintaining Sector Perform.

OceanaGold Corp. (OGC:CA) Desjardins Securities raised the target to $65.00 from $63.00 while maintaining Buy.

Onex Corporation (ONEX:CA) CIBC maintained the Buy rating with a $160.00 target.

Orla Mining Ltd. (OLA:CA) CIBC maintained the Outperform rating with a $32.00 target.

Orla Mining Ltd. (OLA:CA) Scotiabank maintained the Sector Outperform rating with a C$26.50 target.

Orla Mining Ltd. (OLA:CA) TD Securities maintained the Hold rating with a $25.00 target.

Peyto Exploration & Development Corp. (PEY:CA) RBC Capital raised the target to $27.00 from $24.00 while maintaining Sector Perform.

Peyto Exploration & Development Corp. (PEY:CA) Scotiabank maintained the Sector Outperform rating with a C$27.00 target.

Peyto Exploration & Development Corp. (PEY:CA) TD Securities maintained the Hold rating with a $25.00 target.

Polaris Renewable Energy Inc. (PIF:CA) Raymond James raised the target to $18.25 from $20.00 while maintaining Outperform.

RioCan REIT (REI.UN:CA) National Bank raised the target to $22.75 from $22.50 while maintaining Outperform.

Secure Waste Infrastructure Corp. (SES:CA) CIBC maintained the Neutral rating with a $20.00 target.

Sienna Senior Living Inc. (SIA:CA) Scotiabank maintained the Sector Outperform rating with a C$24.00 target.

Sienna Senior Living Inc. (SIA:CA) TD Securities maintained the Buy rating with a $24.00 target.

Sprott Inc. (SII:CA) BMO Capital Markets raised the target to $192.00 from $162.00 while maintaining Outperform.

Sprott Inc. (SII:CA) Canaccord Genuity raised the target to $200.00 from $130.00 while maintaining Buy.

Sprott Inc. (SII:CA) RBC Capital raised the target to $218.00 from $186.00 while maintaining Outperform.

Sprott Inc. (SII:CA) TD Securities raised the target to $180.00 from $176.00 while maintaining Hold.

Superior Plus Corp. (SPB:CA) BMO Capital Markets cut the target to $8.00 from $9.00 while maintaining Market Perform.

Superior Plus Corp. (SPB:CA) CIBC World Markets cut the target to $8.00 from $9.00 while maintaining Neutral.

Superior Plus Corp. (SPB:CA) Scotiabank maintained the Sector Outperform rating with a C$8.50 target.

Superior Plus Corp. (SPB:CA) TD Securities lowered the target to $7.00 from $8.50 while maintaining Buy.

Taseko Mines Ltd. (TKO:CA) Canaccord Genuity raised the target to $13.50 from $12.75 while maintaining Buy.

Taseko Mines Ltd. (TKO:CA) National Bank lowered the target to $12.75 from $13.50 while maintaining Outperform.

Teck Resources Limited (TECK.B:CA) Scotiabank maintained the Sector Perform rating with a C$75.00 target.

Thesis Gold Inc. (TAU:CA) Scotiabank maintained the Sector Outperform rating with a C$5.50 target.

Trican Well Service Ltd. (TCW:CA) National Bank raised the target to $8.00 from $6.50 while maintaining Sector Perform.

Trilogy Metals Inc. (TMQ:CA) TD Securities maintained the Hold rating with an $8.00 target.

Western Forest Products Inc. (WEF:CA) Raymond James raised the target to $13.50 from $12.00 while maintaining Market Perform.

Western Forest Products Inc. (WEF:CA) Scotiabank maintained the Sector Perform rating with a C$18.00 target.

Western Forest Products Inc. (WEF:CA) TD Securities maintained the Hold rating with a $16.00 target.

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