Canadian Analyst Updates: February 23rd, 2026

Canadian Analyst Updates: February 23rd, 2026

Analyst Ratings (Canada)

The following are today’s 80 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:

Aritzia Inc. (ATZ:CA) BMO Capital Markets raised its target price to $163.00 from $160.00 and maintained its Outperform rating.

Athabasca Oil Corp. (ATH:CA) RBC Capital Markets raised its target price to $9.00 from $7.00 and maintained its Sector Perform rating.

Boardwalk REIT (BEI.UN:CA) Desjardins Securities lowered its target price to $78.00 from $79.00 and maintained its Hold rating.

Boardwalk REIT (BEI.UN:CA) National Bank reduced its target price to $81.00 from $82.50 and maintained its Outperform rating.

Boardwalk REIT (BEI.UN:CA) BMO Capital Markets trimmed its target price to $76.00 from $77.00 and maintained its Market Perform rating.

Boardwalk REIT (BEI.UN:CA) Raymond James cut its target price to $82.00 from $83.00 and maintained its Strong Buy rating.

Boardwalk REIT (BEI.UN:CA) Scotiabank reduced its target price to $75.50 from $78.00 and maintained its Sector Perform rating.

Boardwalk REIT (BEI.UN:CA) TD Securities maintained its Buy rating with an $85.00 target price.

Cascades Inc. (CAS:CA) TD Securities maintained its Buy rating with a $16.00 target price.

Cenovus Energy Inc. (CVE:CA) ATB Cormark raised its target price to $34.00 from $29.00.

CT REIT (CRT.UN:CA) RBC Capital Markets raised its target price to $18.00 from $17.00 and maintained its Sector Perform rating.

Dream Industrial REIT (DIR.UN:CA) RBC Capital Markets raised its target price to $15.00 from $14.00 and maintained its Outperform rating.

Dream Office REIT (D.UN:CA) Desjardins Securities raised its target price to $19.00 from $18.50 and maintained its Hold rating.

Dream Office REIT (D.UN:CA) National Bank lowered its target price to $19.50 from $20.00 and maintained its Sector Perform rating.

Dream Office REIT (D.UN:CA) Scotiabank raised its target price to $19.50 from $18.25 and maintained its Sector Perform rating.

Dream Office REIT (D.UN:CA) CIBC World Markets raised its target price to $19.00 from $18.50 and maintained its Neutral rating.

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

Element Fleet Management Corp. (EFN:CA) Jefferies & Co. upgraded the stock to Buy.

Emera Inc. (EMA:CA) CIBC World Markets maintained its Neutral rating with a $71.00 target price.

EQB Inc. (EQB:CA) TD Securities maintained its Buy rating with a $138.00 target price.

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

Fairfax Financial Holdings Limited (FFH:CA) ATB Cormark raised its target price to $2,600.00 from $2,500.00 and maintained its Sector Perform rating.

Gildan Activewear Inc. (GIL:CA) Stifel Nicolaus raised its target price to $109.00 from $102.00 and maintained its Buy rating.

Hudbay Minerals Inc. (HBM:CA) ATB Cormark raised its target price to $37.50 from $26.00 and maintained its Outperform rating.

Hudbay Minerals Inc. (HBM:CA) Scotiabank reduced its target price to $35.50 from $37.00 and maintained its Outperform rating.

Imperial Oil Ltd. (IMO:CA) RBC Capital Markets downgraded the stock to Underperform with a $116.00 target price.

Imperial Oil Ltd. (IMO:CA) TD Securities raised its target price to $110.00 from $101.00 and maintained its Sell rating.

Jamieson Wellness Inc. (JWEL:CA) National Bank raised its target price to $45.00 from $40.50 and maintained its Outperform rating.

Keyera Corp. (KEY:CA) Citigroup raised its target price to $58.00 from $51.00 and maintained its Buy rating.

Loblaw Companies Ltd. (L:CA) BMO Capital Markets raised its target price to $68.00 from $63.00 and maintained its Market Perform rating.

Loblaw Companies Ltd. (L:CA) TD Securities raised its target price to $75.00 from $65.00 and maintained its Buy rating.

Lundin Gold Inc. (LUG:CA) BMO Capital Markets lowered its target price to $119.00 from $128.00.

Lundin Gold Inc. (LUG:CA) CIBC World Markets maintained its Neutral rating with a $141.00 target price.

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

Lundin Gold Inc. (LUG:CA) Scotiabank maintained its Sector Perform rating with a C$90.00 target price.

Lundin Mining Corp. (LUN:CA) TD Securities raised its target price to $45.00 from $42.00 and maintained its Buy rating.

Methanex Corporation (MX:CA) Scotiabank maintained its Outperform rating with a $821.00 target price.

Nutrien Ltd. (NTR:CA) RBC Capital Markets raised its target price to $109.00 from $102.00 and maintained its Outperform rating.

Nutrien Ltd. (NTR:CA) Scotiabank maintained its Sector Perform rating with a $96.00 target price.

Onex Corp. (ONEX:CA) RBC Capital Markets lowered its target price to $133.00 from $139.00 and maintained its Sector Perform rating.

Onex Corp. (ONEX:CA) TD Securities maintained its Buy rating with a $160.00 target price.

Onex Corp. (ONEX:CA) Scotiabank maintained its Outperform rating with a C$175.00 target price.

OR Royalties Inc. (OR:CA) TD Securities lowered its target price to $64.00 from $67.00 and maintained its Hold rating.

Orla Mining Ltd. (OLA:CA) ATB Cormark raised its target price to $35.00 from $25.00 and maintained its Outperform rating.

Orla Mining Ltd. (OLA:CA) CIBC World Markets maintained its Outperform rating with a $32.00 target price.

RioCan REIT (REI.UN:CA) RBC Capital Markets raised its target price to $22.00 from $21.00 and maintained its Outperform rating.

RioCan REIT (REI.UN:CA) Raymond James raised its target price to $21.75 from $21.50 and maintained its Outperform rating.

RioCan REIT (REI.UN:CA) Scotiabank maintained its Sector Perform rating with a C$20.50 target price.

Secure Waste Infrastructure Corp. (SES:CA) National Bank raised its target price to $21.00 from $19.00 and maintained its Sector Perform rating.

Secure Waste Infrastructure Corp. (SES:CA) Scotiabank raised its target price to $21.00 from $20.00 and maintained its Sector Perform rating.

Secure Waste Infrastructure Corp. (SES:CA) BMO Capital Markets raised its target price to $20.00 from $19.00 and maintained its Market Perform rating.

Secure Waste Infrastructure Corp. (SES:CA) ATB Cormark raised its target price to $23.00 from $21.00 and maintained its Sector Perform rating.

Secure Waste Infrastructure Corp. (SES:CA) Stifel Nicolaus raised its target price to $26.00 from $23.50 and maintained its Buy rating.

Secure Waste Infrastructure Corp. (SES:CA) RBC Capital Markets raised its target price to $21.00 from $18.00 and maintained its Sector Perform rating.

Secure Waste Infrastructure Corp. (SES:CA) CIBC World Markets maintained its Neutral rating with a $20.00 target price.

Secure Waste Infrastructure Corp. (SES:CA) Scotiabank maintained its Sector Perform rating with a C$21.00 target price.

Sienna Senior Living Inc. (SIA:CA) CIBC World Markets raised its target price to $26.00 from $23.00 and maintained its Outperform rating.

Sienna Senior Living Inc. (SIA:CA) TD Securities raised its target price to $26.00 from $24.00 and maintained its Buy rating.

Sienna Senior Living Inc. (SIA:CA) ATB Cormark raised its target price to $25.00 from $23.00 and maintained its Outperform rating.

Sienna Senior Living Inc. (SIA:CA) BMO Capital Markets raised its target price to $25.00 from $22.00 and maintained its Outperform rating.

Sienna Senior Living Inc. (SIA:CA) Desjardins Securities raised its target price to $26.00 from $24.00 and maintained its Buy rating.

Sienna Senior Living Inc. (SIA:CA) Canaccord Genuity raised its target price to $26.00 from $24.50 and maintained its Buy rating.

Sienna Senior Living Inc. (SIA:CA) Scotiabank raised its target price to $25.00 from $24.00 and maintained its Outperform rating.

Sprott Inc. (SII:CA) RBC Capital Markets raised its target price to $218.00 from $186.00 and maintained its Outperform rating.

Superior Plus Corp. (SPB:CA) RBC Capital Markets lowered its target price to $10.00 from $11.00 and maintained its Outperform rating.

Superior Plus Corp. (SPB:CA) Desjardins Securities lowered its target price to $7.00 from $8.75 and maintained its Hold rating.

Superior Plus Corp. (SPB:CA) Stifel Nicolaus lowered its target price to $9.00 from $10.00 and maintained its Buy rating.

Superior Plus Corp. (SPB:CA) National Bank lowered its target price to $6.00 from $7.00 and maintained its Sector Perform rating.

Superior Plus Corp. (SPB:CA) Raymond James lowered its target price to $8.50 from $9.75 and maintained its Market Perform rating.

Superior Plus Corp. (SPB:CA) Scotiabank lowered its target price to $6.50 from $8.50 and maintained its Sector Perform rating.

Superior Plus Corp. (SPB:CA) ATB Cormark lowered its target price to $8.00 from $9.00 and maintained its Outperform rating.

Superior Plus Corp. (SPB:CA) TD Securities downgraded the stock to Hold with a $7.00 target price, down from $9.00.

Taseko Mines Ltd. (TKO:CA) TD Securities raised its target price to $13.00 from $12.00 and maintained its Buy rating.

Teck Resources Ltd. (TECK.B:CA) TD Securities raised its target price to $82.00 from $76.00 and maintained its Hold rating.

TFI International Inc. (TFII:CA) Citigroup raised its target price to $195.00 from $179.00 and maintained its Buy rating.

TVA Group Inc. (TVA.B:CA) National Bank raised its target price to $1.00 from $0.75 and maintained its Sector Perform rating.

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