Analyst Ratings (Canada)
Today’s analyst 20 ratings reflect a cautious outlook, with sentiment leaning modestly positive but still selective. A key theme is the concentration of price target increases in energy and infrastructure names, signaling improved commodity assumptions and stronger cash flow expectations, while mixed revisions in stocks like BRP highlight ongoing uncertainty around demand and earnings visibility. Most firms maintained their ratings rather than upgrading, suggesting analysts are adjusting valuations rather than increasing conviction, and while new initiations and continued Buy/Outperform ratings point to confidence in long-term fundamentals, isolated target cuts show pressure remains in more cyclical or rate-sensitive areas. Overall, the updates indicate measured optimism and a stock-specific, macro-sensitive environment rather than a broad-based bullish shift.
AG Growth International (AFN:CA): ATB Cormark lowered its price target to $22 from $36 and maintained a Sector Perform rating.
Bank of Montreal (BMO:CA): TD Securities maintained a Buy rating with a $219 price target.
BRP Inc (DOO:CA): Wells Fargo raised its price target to $110 from $105 and maintained an Overweight rating.
BRP Inc (DOO:CA): Raymond James lowered its price target to $115 from $117.
BRP Inc (DOO:CA): BMO Capital Markets raised its price target to $120 from $115 and maintained an Outperform rating.
BRP Inc (DOO:CA): CI Capital lowered its price target to $119 from $128 and maintained a Buy rating.
BRP Inc (DOO:CA): Desjardins Securities raised its price target to $138 from $130 and maintained a Buy rating.
BRP Inc (DOO:CA): TD Securities maintained a Buy rating with a $119 price target.
Canopy Growth Corp (WEED:CA): Canaccord Genuity initiated coverage with a Speculative Buy rating and a $2.00 price target.
Constellation Software Inc (CSU:CA): CIBC maintained an Outperform rating with a $4610 price target.
Gunnison Copper (GCU:CA): Ventum Financial initiated coverage with a Buy rating and a $1.00 price target.
Northland Power Inc (NPI:CA): CIBC World Markets raised its price target to $26 from $24 and maintained an Outperform rating.
OceanaGold Corporation (OGC:CA): CIBC maintained an Outperform rating with a $72 price target.
Suncor Energy Inc (SU:CA): ATB Cormark raised its price target to $95 from $71 and maintained a Sector Perform rating.
Tidewater Midstream (TWM:CA): National Bank raised its price target to $9.50 from $4.50 and maintained a Sector Perform rating.
Tidewater Midstream (TWM:CA): ATB Cormark raised its price target to $9.00 from $6.00 and maintained a Sector Perform rating.
Tidewater Midstream (TWM:CA): Scotiabank raised its price target to $9.00 from $7.00 and maintained a Sector Perform rating.
Tidewater Midstream (TWM:CA): RBC Capital raised its price target to $11.00 from $10.00 and maintained a Sector Perform rating.
Tidewater Renewables Ltd (LCFS:CA): ATB Cormark raised its price target to $8.00 from $5.00 and maintained a Speculative Buy rating.
Vermilion Energy Inc (VET:CA): ATB Cormark raised its price target to $24 from $16 and maintained an Outperform rating.
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