Canadian Analyst Ratings: March 20th, 2026

Canadian Analyst Ratings: March 20th, 2026

Analyst Ratings (Canada)

The Canadian market outlook, with today’s 37 analyst ratings,  reflects a cautious, late-cycle environment with rising risks, as analysts issue more target cuts and neutral ratings, signaling pressure on margins and slowing growth. While sectors like energy and financials remain relatively supported, broader markets face headwinds from higher oil-driven inflation, potential prolonged interest rates, and weakening economic momentum, leading to a more volatile and selective investing environment.

Analyst Updates

Atlas Salt Inc. (SALT:CA): Ventum Financial initiated coverage with a Buy rating and a $2.50 target.

AutoCanada Inc. (ACQ:CA): CIBC World Markets lowered its target to $20.00 from $34.00 with a Neutral rating.

AutoCanada Inc. (ACQ:CA): BMO Capital Markets lowered its target to $24.00 from $36.00.

Bank of Montreal (BMO:CA): Barclays downgraded the stock to Underperform.

Boyd Group Services Inc. (BYD:CA): Stifel Nicolaus lowered its target to $265.00 from $270.00.

Calfrac Well Services Ltd. (CFW:CA): ATB Cormark lifted its target to $7.00 from $5.25 while maintaining Outperform.

Cenovus Energy Inc. (CVE:CA): Gerdes Energy Research downgraded the stock to Neutral.

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

Diversified Royalty Corp. (DIV:CA): CIBC maintained a Neutral rating with a $4.25 target.

HEALWELL AI Inc. (AIDX:CA): Scotiabank maintained an Outperform rating with a $2.00 target.

Information Services Corp. (ISC:CA): CIBC maintained a Neutral rating with a $50.50 target.

Interfor Corp. (IFP:CA): CIBC World Markets upgraded the stock to Neutral.

K-Bro Linen Inc. (KBL:CA): TD Securities maintained a Buy rating with a $50.00 target.

Lithium Americas Corp. (LAC:CA): TD Securities maintained a Hold rating with a $5.00 target.

MDA Space Ltd. (MDA:CA): Desjardins raised its target to $53.00 from $51.00 with a Buy rating.

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

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

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

Power Corporation of Canada (POW:CA): RBC Capital raised its target to $73.00 from $69.00 with an Outperform rating.

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

Power Corporation of Canada (POW:CA): Jefferies raised its target to $73.00 from $68.00.

Power Corporation of Canada (POW:CA): CIBC World Markets raised its target to $78.00 from $75.00.

Power Corporation of Canada (POW:CA): Scotiabank maintained an Outperform rating with a $78.00 target.

Premium Brands Holdings Corp. (PBH:CA): TD Securities maintained a Buy rating with a $140.00 target (down from $160.00).

Premium Brands Holdings Corp. (PBH:CA): CIBC World Markets lowered its target to $110.00 from $120.00.

Premium Brands Holdings Corp. (PBH:CA): BMO Capital Markets lowered its target to $116.00 from $125.00.

Premium Brands Holdings Corp. (PBH:CA): National Bank lowered its target to $108.00 from $115.00 with a Sector Perform rating.

Premium Brands Holdings Corp. (PBH:CA): Scotiabank lowered its target to $100.00 from $120.00 with an Outperform rating.

Premium Brands Holdings Corp. (PBH:CA): Raymond James lowered its target to $115.00 from $125.00 with an Outperform rating.

Premium Brands Holdings Corp. (PBH:CA): Desjardins assigned a Buy rating with a $120.00 target.

Premium Brands Holdings Corp. (PBH:CA): Scotiabank maintained an Outperform rating with a $100.00 target.

Sylogist Ltd. (SYZ:CA): Ventum Financial lowered its target to $4.75 from $7.00 with a Neutral rating.

Vitalhub Corp. (VHI:CA): Scotiabank maintained an Outperform rating with a $12.00 target.

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

WELL Health Technologies Corp. (WELL:CA): Scotiabank maintained an Outperform rating with a $6.50 target.

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

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