Analyst Ratings (Canada)
Today’s analyst ratings reflect a cautious, and uneven outlook for Canadian stocks, with a modest bias toward Buy and Outperform ratings, particularly in energy, mining, and industrial names, driven by stronger commodity prices and improved cash flow expectations. Consumer-facing and rate-sensitive sectors show more caution through Hold/Neutral ratings and some target cuts, indicating concerns around slowing demand and margin pressure. Importantly, many target reductions appear to be valuation resets rather than fundamental deterioration, and the prevalence of “maintains” signals low conviction and a wait-and-see stance, suggesting the market is not in a broad upgrade cycle but instead shifting toward a more selective, stock-picking environment supported by commodities but constrained by macro uncertainty.
28 Analyst Updates
Boralex Inc. (BLX:CA) was maintained at Buy by TD Securities with a $32.00 target.
Boralex Inc. (BLX:CA) was assigned an Outperform rating by National Bank with a $39.00 target.
CAE Inc. (CAE:CA) had its price target lowered to $53.00 from $54.00 by TD Securities, while maintaining a Buy rating.
Celestica Inc. (CLS:CA) was maintained at Hold by TD Securities with a $330.00 target.
Dollarama Inc. (DOL:CA) was maintained at Buy by TD Securities with a $235.00 target.
Dollarama Inc. (DOL:CA) was maintained at Neutral by CIBC with a $212.00 target.
Enterprise Group Inc. (E:CA) was assigned a Buy rating by Fundamental Research with a $2.10 target.
Faraday Copper Corp. (FDY:CA) was maintained at Buy by TD Securities with a $5.50 target.
First Majestic Silver Corp. (AG:CA) was upgraded to Outperform by BMO Capital Markets with a $35.00 target.
Focus Graphite Inc. (FMS:CA) was initiated at Buy by Fundamental Research with a $1.27 target.
Foran Mining Corp. (FOM:CA) had its price target raised to $6.60 from $6.00 by Scotiabank, while maintaining a Sector Perform rating.
Go Residential REIT (GO.U:CA) had its price target lowered to $13.50 from $14.50 by RBC Capital, while maintaining an Outperform rating.
Goeasy Ltd. (GSY:CA) was maintained at Hold by TD Securities with a $44.00 target.
Jamieson Wellness Inc. (JWEL:CA) was initiated at Outperform by CIBC World Markets with a $43.00 target.
Kelt Exploration Ltd. (KEL:CA) was initiated at Buy by Ventum Financial with a $12.50 target.
Lithium Argentina (LAR:CA) had its price target raised to $9.00 from $7.00 by TD Securities, while maintaining a Buy rating.
Lithium Argentina AG (LAR:CA) had its price target raised to $17.75 from $17.50 by Canaccord Genuity, while maintaining a Buy rating.
Millennial Potash Corp. (MLP:CA) was maintained at Buy by Fundamental Research with a $4.74 target.
Precision Drilling Corp. (PD:CA) had its price target raised to $150.00 from $140.00 by CIBC World Markets.
Precision Drilling Corp. (PD:CA) had its price target raised to $150.00 from $140.00 by CIBC, while maintaining an Outperform rating.
Slate Grocery REIT (SGR.U:CA) was initiated at Market Perform by BMO Capital Markets with a $11.00 target.
TransAlta Corp. (TA:CA) was maintained at Buy by TD Securities with a $27.00 target.
TransAlta Corp. (TA:CA) had its price target raised to $28.00 from $27.00 by ATB Cormark, while maintaining an Outperform rating.
TransAlta Corp. (TA:CA) was upgraded to Outperform by National Bank with a $22.00 target.
TransAlta Corp. (TA:CA) was maintained at Outperform by CIBC with a $25.00 target.
Transcontinental Inc. (TCL.A:CA) had its price target lowered to $6.25 from $27.00 by BMO Capital Markets.
Transcontinental Inc. (TCL.A:CA) had its price target lowered to $8.00 from $28.00 by TD Securities, while maintaining a Buy rating.
Vitalhub Corp. (VHI:CA) had its price target lowered to $11.00 from $15.00 by Raymond James, while maintaining an Outperform rating.
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.
