Canadian Analyst Updates: March 19th, 2026

Canadian Analyst Updates: April 2nd, 2026

Analyst Ratings (Canada)

The 76 analyst ratings today  show a cautiously bullish but increasingly fragile outlook, with continued expectations for earnings growth and equity upside driven by AI investment, resilient corporate fundamentals, and steady economic expansion, while at the same time rising macro risks, including persistent inflation, higher oil prices, and slowing economic data. However analysts are not signaling an imminent market crash, but rather a late-cycle environment where markets may continue to trend higher in the near term, though with a more uneven, non-linear path and greater reliance on stock selection rather than broad-based gains.

Alimentation Couche-Tard Inc. (ATD:CA): Raymond James raised its target to $90.00 from $85.00 with a Buy rating.

Alimentation Couche-Tard Inc. (ATD:CA): CIBC World Markets cut its target to $89.00 from $92.00 with a Buy rating.

Alimentation Couche-Tard Inc. (ATD:CA): Scotiabank maintained an Outperform rating with a $94.00 target.

Alimentation Couche-Tard Inc. (ATD:CA): CIBC lowered its target to $89.00 from $92.00 with an Outperform rating.

Alimentation Couche-Tard Inc. (ATD:CA): TD Securities maintained a Buy rating with a $100.00 target.

Alimentation Couche-Tard Inc. (ATD:CA): Scotiabank lowered its target to $90.00 from $94.00.

Alimentation Couche-Tard Inc. (ATD:CA): Canaccord Genuity kept its target at $91.00 with an Outperform rating.

Alimentation Couche-Tard Inc. (ATD:CA): National Bank raised its target to $89.00 from $88.00 with an Outperform rating.

Aritzia Inc. (ATZ:CA): BMO Capital Markets kept its target at $163.00 with a Buy rating.

Athabasca Oil Corporation (ATH:CA): Scotiabank raised its target to $5.75 from $5.50.

AutoCanada Inc. (ACQ:CA): RBC Capital cut its target to $18.00 from $28.00 with a Speculative Buy rating.

AutoCanada Inc. (ACQ:CA): CIBC downgraded the stock to Neutral with a $20.00 target from $34.00.

AutoCanada Inc. (ACQ:CA): ATB Cormark cut its target to $22.00 from $25.00 with a Neutral rating.

AutoCanada Inc. (ACQ:CA): Canaccord Genuity cut its target to $22.00 from $42.00 with an Outperform rating.

AutoCanada Inc. (ACQ:CA): National Bank cut its target to $24.00 from $29.00 with an Outperform rating.

Baytex Energy Corp. (BTE:CA): Scotiabank raised its target to $5.75 from $5.50.

BCE Inc. (BCE:CA): Desjardins raised its target to $42.00 from $40.00 with an Outperform rating.

BCE Inc. (BCE:CA): RBC Capital raised its target to $39.00 from $38.00.

BCE Inc. (BCE:CA): Scotiabank raised its target to $41.00 from $39.50 with a Buy rating.

BCE Inc. (BCE:CA): TD Securities raised its target to $41.00 from $40.00 with an Outperform rating.

Belo Sun Mining Corp. (BSX:CA): Paradigm Research rset its target at $5.50 with a Hold rating.

Boyd Group Services Inc. (BYD:CA): TD Securities lowered its target to $270.00 from $290.00 with a Buy rating.

Boyd Group Services Inc. (BYD:CA): RBC Capital cut its target to $267.00 from $294.00 with a Buy rating.

Boyd Group Services Inc. (BYD:CA): Jefferies cut its target to $250.00 from $275.00 with an Outperform rating.

Boyd Group Services Inc. (BYD:CA): BMO Capital Markets cut its target to $250.00 from $280.00 with a Hold rating.

Boyd Group Services Inc. (BYD:CA): CIBC lowered its target to $280.00 from $290.00 with an Outperform rating.

Boyd Group Services Inc. (BYD:CA): Raymond James cut its target to $275.00 from $290.00 with a Buy rating.

Canadian Natural Resources Ltd. (CNQ:CA): Scotiabank raised its target to $70.00 from $62.00.

Canopy Growth Corporation (WEED:CA): ATB Cormark set its target to $1.40 with an Outperform rating.

CCL Industries Inc. (CCL.B:CA): National Bank raised its target to $102.00 from $100.00.

Cenovus Energy Inc. (CVE:CA): Scotiabank raised its target to $38.00 from $34.00.

CGI Inc. (GIB-A:CA): CIBC maintained a Neutral rating with a $132.00 target.

Dollarama Inc. (DOL:CA): CIBC maintained a Neutral rating with a $212.00 target.

Groupe Dynamite Inc. (GRGD:CA): BMO set its target to $100.00 with a Buy rating.

Groupe Dynamite Inc. (GRGD:CA): National Bank raised its target to $101.00 from $100.00.

High Tide Inc. (HITI:CA): TD Securities maintained a Buy rating with a $6.50 target.

illumin Holdings Inc. (ILLM:CA): TD Securities cut its target to $1.25 from $1.50 with an Outperform rating.

illumin Holdings Inc. (ILLM:CA): Ventum Financial cut its target to $1.00 from $1.50 with a Sector Perform rating.

illumin Holdings Inc. (ILLM:CA): TD Securities maintained a Buy rating with a $1.25 target.

Imperial Oil Ltd. (IMO:CA): Scotiabank raised its target to $130.00 from $110.00.

International Petroleum Corporation (IPCO:CA): Scotiabank raised its target to $32.00 from $26.00.

Logan Energy Corp. (LGN:CA): TD Securities maintained a Buy rating with a $1.25 target.

Mattr Corp. (MATR:CA): RBC Capital raised its target to $10.00 from $9.00.

National Bank of Canada (NA:CA): CIBC maintained an Outperform rating with a $196.00 target.

Northview Residential REIT (NRR-UN:CA): TD Securities maintained a Hold rating with a $17.50 target.

Orla Mining Ltd. (OLA:CA): TD Securities maintained a Buy rating with a $26.00 target.

Ovintiv Inc. (OVV:CA): Scotiabank raised its target to $89.00 from $80.00.

Power Corporation of Canada (POW:CA): TD Securities upgraded to Buy from Hold with a $74.00 target.

Power Corporation of Canada (POW:CA): CIBC raised its target to $78.00 from $75.00 with a Neutral rating.

PrairieSky Royalty Ltd. (PSK:CA): Scotiabank raised its target to $32.00 from $31.00.

Premium Brands Holdings Corp. (PBH:CA): TD Securities maintained a Buy rating with a $160.00 target.

Premium Brands Holdings Corp. (PBH:CA): CIBC maintained an Outperform rating with a $120.00 target.

South Bow Corp. (SOBO:CA): TD Securities raised its target to $42.00 from $40.00 with a Hold rating.

Strathcona Resources Ltd. (SCR:CA): Scotiabank raised its target to $44.00 from $33.00.

Suncor Energy Inc. (SU:CA): Scotiabank raised its target to $80.00 from $70.00.

Suncor Energy Inc. (SU:CA): TD Securities maintained a Buy rating with a $81.00 target.

Tantalus Systems Holding Inc. (GRID:CA): National Bank maintained a $7.00 target.

TransAlta Corporation (TA:CA): CIBC maintained an Outperform rating with a $25.00 target.

Vermilion Energy Inc. (VET:CA): Scotiabank raised its target to $16.00 from $15.00.

Vitalhub Corp. (VHI:CA): TD Securities maintained a Buy rating with a $13.00 target.

WELL Health Technologies Corp. (WELL:CA): CIBC maintained an Outperform rating with a $5.50 target.

WELL Health Technologies Corp. (WELL:CA): TD Securities maintained a Buy rating with a $7.00 target.

Westshore Terminals Investment Corp. (WTE:CA): RBC Capital raised its target to $34.00 from $29.00.

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