Analyst Ratings (Canada)
The latest Canadian 72 analyst rating updates indicate a generally positive but selective outlook for Canadian stocks. Many brokerages raised price targets for companies in construction, energy, mining, and industrial services, suggesting expectations for continued earnings growth and stronger demand in resource-linked sectors. At the same time, several target reductions and Hold ratings highlight caution around valuation levels, interest-rate sensitivity, and uncertain commodity or economic conditions. Overall, the mix of upgrades, target increases, and maintained positive ratings implies analysts expect moderate upside for the Canadian market, with the strongest opportunities concentrated in energy producers, infrastructure companies, and select resource stocks, while more defensive or rate-sensitive sectors may see more balanced performance in the near-to-medium term.
Analyst Updates:
Adentra Inc. – ADEN:CA: TD Securities lowered target to $42 from $44 with Outperform rating.
Adentra Inc. – ADEN:CA: National Bank lowered target to $52 from $54.50 with Outperform rating.
Adentra Inc. – ADEN:CA: ATB Cormark raised target to $61 from $50 with Outperform rating.
Adentra Inc. – ADEN:CA: Stifel Nicolaus lowered target to $49.50 from $51 with Buy rating.
Adentra Inc. – ADEN:CA: Scotiabank maintained Outperform rating with $46 target.
Air Canada – AC:CA: Canaccord Genuity lowered target to $21 from $28 with Hold rating.
Altius Minerals Corp. – ALS:CA: Raymond James raised target to $48 from $47 with Outperform rating.
ARC Resources Ltd. – ARX:CA: TD Securities maintained Buy rating with $28 target.
ARC Resources Ltd. – ARX:CA: TD Securities maintained Buy rating with $28 target.
Aritzia Inc. – ATZ:CA: TD Securities maintained Buy rating with $155 target.
Axo Copper Corp. – AXO:CA: Desjardins Securities initiated coverage with Buy rating and $2 target.
Bird Construction Inc. – BDT:CA: CIBC raised target to $40 from $39 with Outperform rating.
Bird Construction Inc. – BDT:CA: National Bank raised target to $39 from $34 with Outperform rating.
Bird Construction Inc. – BDT:CA: ATB Cormark raised target to $38 from $35 with Outperform rating.
Bird Construction Inc. – BDT:CA: Canaccord Genuity raised target to $37 from $33 with Buy rating.
Bird Construction Inc. – BDT:CA: Stifel Nicolaus raised target to $55 from $36 with Buy rating.
Bird Construction Inc. – BDT:CA: Raymond James raised target to $44 from $34 with Outperform rating.
Blackline Safety Corp. – BLN:CA: TD Securities maintained Hold rating with $8 target.
BSR REIT – HOM-UN:CA: TD Securities lowered target to $13 from $15.50 with Buy rating.
BSR REIT – HOM.UN:CA: National Bank raised target to $12.50 from $13 with Sector Perform rating.
BSR REIT – HOM.UN:CA: Desjardins Securities lowered target to $13 from $14 with Buy rating.
BSR REIT – HOM.UN:CA: RBC Capital lowered target to $13 from $14.50 with Sector Perform rating.
CAE Inc. – CAE:CA: Canaccord Genuity raised target to $49 from $38 with Buy rating.
Cardinal Energy Ltd. – CJ:CA: CIBC maintained Outperform rating with $11 target.
CCL Industries Inc. – CCL-B:CA: TD Securities maintained Buy rating with $105 target.
Constellation Software Inc. – CSU:CA: TD Securities maintained Buy rating with $4,100 target.
Decisive Dividend Corp. – DE:CA: Canaccord Genuity raised target to $8 from $7.50 with Buy rating.
Decisive Dividend Corp. – DE:CA: Raymond James raised target to $10.50 from $9.50 with Outperform rating.
Empire Company Ltd. – EMP-A:CA: Scotiabank maintained Outperform rating with $52 target.
Empire Company Ltd. – EMP-A:CA: TD Securities maintained Hold rating with $50 target.
Enbridge Inc. – ENB:CA: TD Securities maintained Buy rating with $72 target.
Enghouse Systems Ltd. – ENGH:CA: TD Securities maintained Hold rating with $22 target.
EQB Inc. – EQB:CA: TD Securities maintained Buy rating with $132 target.
First Quantum Minerals Ltd. – FM:CA: Scotiabank maintained Outperform rating with $46 target.
Freehold Royalties Ltd. – FRU:CA: RBC Capital initiated coverage with Sector Perform rating and $17 target.
Freehold Royalties Ltd. – FRU:CA: Desjardins Securities lowered target to $16 from $16.50 with Hold rating.
Guru Organic Energy Corp. – GURU:CA: Stifel Nicolaus lowered target to $5.50 from $6.50 with Hold rating.
Highlander Silver Corp. – HSLV:CA: National Bank raised target to $14 from $11 with Outperform rating.
Kelt Exploration Ltd. – KEL:CA: Scotiabank maintained Outperform rating with $10 target.
Kelt Exploration Ltd. – KEL:CA: TD Securities raised target to $11 from $9 with Buy rating.
Kelt Exploration Ltd. – KEL:CA: BMO Capital Markets raised target to $10 from $9 with Outperform rating.
Kelt Exploration Ltd. – KEL:CA: RBC Capital raised target to $10 from $8.50 with Outperform rating.
Kraken Robotics Inc. – PNG:CA: Desjardins Securities raised target to $14 from $9.50 with Buy rating.
Kraken Robotics Inc. – PNG:CA: National Bank raised target to $13 from $8.75 with Outperform rating.
Kraken Robotics Inc. – PNG:CA: ATB Cormark raised target to $6.50 from $5.50 with Underperform rating.
Labrador Iron Ore Royalty Corp. – LIF:CA: TD Securities lowered target to $29 from $30 with Hold rating.
Lundin Mining Corp. – LUN:CA: National Bank raised target to $42 from $40 with Sector Perform rating.
Lundin Mining Corp. – LUN:CA: Scotiabank maintained Outperform rating with $36 target.
Lundin Mining Corp. – LUN:CA: CIBC raised target to $39 from $37 with Neutral rating.
Mattr Corp. – MATR:CA: TD Securities maintained Hold rating with $9 target.
NFI Group Inc. – NFI:CA: TD Securities maintained Buy rating with $25 target.
NFI Group Inc. – NFI:CA: Scotiabank raised target to $22 with Outperform rating.
NFI Group Inc. – NFI:CA: ATB Cormark raised target to $28 from $27 with Outperform rating.
NFI Group Inc. – NFI:CA: Scotiabank raised target to $22 from $21 with Outperform rating.
North American Construction Group – NOA:CA: Canaccord Genuity initiated coverage with Buy rating and $20 target.
North American Construction Group – NOA:CA: ATB Cormark lowered target to $21 from $23 with Outperform rating.
North American Construction Group – NOA:CA: Raymond James lowered target to $24 from $26 with Outperform rating.
Parex Resources Inc. – PXT:CA: RBC Capital raised target to $28 from $23 with Sector Perform rating.
Power Corp. of Canada – POW:CA: TD Securities raised target to $74 from $73 with Hold rating.
Premium Brands Holding Corp. – PBH:CA: TD Securities maintained Buy rating with $160 target.
Sagicor Financial Company Ltd. – SFC:CA: Scotiabank raised target to $13 with Outperform rating.
Strathcona Resources Ltd. – SCR:CA: TD Securities raised target to $35 from $27 with Hold rating.
Strathcona Resources Ltd. – SCR:CA: RBC Capital raised target to $36 from $35 with Sector Perform rating.
Strathcona Resources Ltd. – SCR:CA: National Bank raised target to $41 from $32 with Outperform rating.
Wesdome Gold Mines Ltd. – WDO:CA: National Bank raised target to $32 from $28 with Sector Perform rating.
Wheaton Precious Metals Corp. – WPM:CA: Scotiabank maintained Outperform rating with $240 target.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
