Analyst Ratings (Canada)
Today’s analyst updates point to a selective, sector-driven market rather than broad bullishness. There’s a clear positive shift in energy, where multiple companies saw target increases and Buy ratings, signaling rising confidence in earnings and commodity prices. Cyclical names like forestry and materials cautious sentiment, reflecting economic uncertainty, are highlighted by valuation concerns despite solid fundamentals.
Overall, analysts are rotating toward strength (energy), pulling back on weakening sectors, and becoming more selective rather than uniformly optimistic.
43 Analyst Updates
Acadian Timber Corp. (TSX: ADN): RBC Capital raises its target to $18 from $17 and maintains a Sector Perform rating.
Allied Properties REIT (TSX: AP.UN): CIBC raises its target to $11 from $10.50 and maintains a Neutral rating.
Altus Group Ltd. (TSX: AIF): BMO raises its target to $54 from $48.
Altus Group Ltd. (TSX: AIF): TD Securities maintains a Buy rating with a $55 target.
Americas Gold and Silver Corporation (TSX: USA): TD Securities maintains a Buy rating with a $12 target.
Bombardier Inc. (TSX: BBD.B): National Bank downgrades the stock to Sector Perform from Outperform.
BRP Inc. (TSX: DOO): Desjardins lowers its target to $97 from $138 and maintains a Buy rating.
BRP Inc. (TSX: DOO): National Bank lowers its target to $80 from $125 and maintains a Sector Perform rating.
BRP Inc. (TSX: DOO): Scotiabank lowers its target to $80 from $117 and maintains a Sector Perform rating.
Canadian Natural Resources Ltd. (TSX: CNQ): TD Securities raises its target to $72 from $64 and maintains a Buy rating.
Canfor Corp. (TSX: CFP): RBC Capital downgrades the stock to Sector Perform from Outperform with a $15 target.
Capital Power Corporation (TSX: CPX): CIBC raises its target to $82 and maintains an Outperform rating.
Cascades Inc. (TSX: CAS): RBC Capital lowers its target to $15 from $16 and maintains an Outperform rating.
Cascades Inc. (TSX: CAS): TD Securities lowers its target to $14 from $15 and maintains a Buy rating.
Cenovus Energy Inc. (TSX: CVE): TD Securities raises its target to $45 from $35 and maintains a Buy rating.
Cineplex Inc. (TSX: CGX): Canaccord Genuity raises its target to $10.50 from $9 and maintains a Hold rating.
Cineplex Inc. (TSX: CGX): TD Securities maintains a Buy rating with a $16 target.
Decibel Cannabis Company (TSX: DB): TD Securities maintains a Hold rating with a $0.10 target.
Descartes Systems Group Inc. (TSX: DSG): Rothschild lowers its target to $123 from $137 and maintains a Buy rating.
Doman Building Materials Group Ltd. (TSX: DBM): RBC Capital raises its target to $12 from $11 and maintains an Outperform rating.
Enerflex Ltd. (TSX: EFX): CIBC raises its target to $35 from $23 and maintains a Neutral rating.
Exchange Income Corp. (TSX: EIF): BMO raises its target to $111 from $100 and maintains a Market Perform rating.
First Capital REIT (TSX: FCR.UN): CIBC downgrades the stock to Neutral and raises its target to $24.40 from $22.50.
Hemlo Mining Corp. (TSX: HMMC): Scotiabank maintains an Outperform rating with an $8 target.
Imperial Oil Ltd. (TSX: IMO): TD Securities raises its target to $157 from $110 and maintains a Sell rating.
Interfor Corp. (TSX: IFP): RBC Capital lowers its target to $13 from $14 and maintains an Outperform rating.
Interfor Corp. (TSX: IFP): TD Securities lowers its target to $12 from $13 and maintains a Hold rating.
Linamar Corp. (TSX: LNR): Raymond James lowers its target to $90 from $100 and maintains a Market Perform rating.
Methanex Corp. (MX:CA): Raymond James raises its target to $89 from $71 and maintains a Market Perform rating.
Quebecor Inc. (TSX: QBR.B): TD Securities raises its target to $63 from $60 and upgrades the stock to Buy from a Hold.
Savaria Corp. (TSX: SIS): Desjardins raises its target to $35 from $32 and maintains a Buy rating.
Savaria Corp. (TSX: SIS): Scotiabank raises its target to $33 from $30 and maintains a Outperform rating.
Shopify Inc. (TSX: SHOP): CIBC maintains an Outperform rating with a $254 target.
Strathcona Resources Ltd. (TSX: SCR): TD Securities raises its target to $47 from $35 and upgrades the stock to Buy from a Hold.
Suncor Energy Inc. (TSX: SU): TD Securities raises its target to $113 from $91 and maintains a Buy rating.
TransAlta Corporation (TSX: TA): CIBC raises its target to $25 from $24 and maintains an Outperform rating.
West Fraser Timber Co. Ltd. (TSX: WFG): TD Securities lowers its target to $120 from $127 and maintains a Buy rating.
Western Forest Products Inc. (TSX: WEF): RBC Capital raises its target to $14 from $13 and maintains a Sector Perform rating.
Western Forest Products Inc. (TSX: WEF): TD Securities raises its target to $17 from $16 and maintains a Hold rating.
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