Analyst Ratings (Canada)
Today’s analyst ratings signal a generally bullish outlook for Canadian stocks. The strongest conviction was directed toward the banking sector, where analysts raised targets following better-than-expected earnings, robust capital markets activity, and resilient profitability, indicating confidence that large Canadian banks can continue generating earnings growth despite concerns about consumer credit quality and housing-market weakness. Energy-related companies also received favorable revisions, reflecting expectations for stronger cash flows and a supportive commodity environment. Industrial and manufacturing names saw mixed but generally positive revisions, suggesting analysts believe current demand conditions remain stable despite cautious corporate guidance. Technology and growth-oriented companies received fewer updates but continued to benefit from favorable long-term growth expectations.
Overall, the ratings imply that analysts view the Canadian market as fundamentally healthy, with earnings resilience outweighing macroeconomic concerns, while financials and energy remain the sectors attracting the highest level of confidence.
58 Analyst Updates
Allied Gold Corporation (AAUC:CA) was maintained at Tender by CIBC with a $44.00 target price.
ATS Corporation (ATS:CA) had its target price reduced to $50.00 from $51.00 by RBC Capital while maintaining an Outperform rating.
ATS Corporation (ATS:CA) had its target price increased to $49.00 from $48.00 by TD Securities while maintaining a Buy rating.
ATS Corporation (ATS:CA) was maintained at Outperform by Scotiabank with a $51.00 target price.
BRP Inc (DOO:CA) had its target price lowered to $74.00 from $75.00 by Citi while maintaining a Buy rating.
BRP Inc (DOO:CA) had its target price raised to $83.00 from $80.00 by Scotiabank while maintaining a Sector Perform rating.
BRP Inc (DOO:CA) had its target price raised to $84.00 from $80.00 by National Bank while maintaining a Sector Perform rating.
BRP Inc (DOO:CA) had its target price increased to $92.00 from $84.00 by TD Securities while maintaining a Hold rating.
BRP Inc (DOO:CA) had its target price raised to $94.00 from $90.00 by CIBC while maintaining an Outperform rating.
BRP Inc (DOO:CA) had its target price lowered to $85.00 from $92.00 by Stifel Nicolaus while maintaining a Hold rating.
BRP Inc (DOO:CA) had its target price increased to $113.00 from $107.00 by RBC Capital while maintaining an Outperform rating.
Brookfield Renewable Partners LP (BEP:CA) was maintained at Outperform by Scotiabank with a $58.00 target price.
CIBC (CM:CA) had its target price reduced to $163.00 from $166.00 by TD Securities while maintaining a Buy rating.
CIBC (CM:CA) had its target price raised to $158.00 from $153.00 by Canaccord Genuity while maintaining a Hold rating.
CIBC (CM:CA) had its target price lowered to $155.50 from $157.50 by Raymond James while maintaining a Market Perform rating.
CIBC (CM:CA) was maintained at Outperform by Scotiabank with a $159.00 target price.
Coveo Solutions Inc (CVO:CA) had its target price lowered to $9.00 from $11.00 by Stifel Nicolaus while maintaining a Buy rating.
EQB Inc (EQB:CA) had its target price lowered to $123.00 from $127.00 by Raymond James while maintaining a Market Perform rating.
First Phosphate Corp (PHOS:CA) was maintained at Buy by Fundamental Research with a $3.16 target price.
Focus Graphite Inc (FMS:CA) was initiated by Fundamental Research with a Buy rating and a $2.03 target price.
Kidoz Inc (KDOZ:CA) was initiated by Fundamental Research with a Buy rating and a $0.68 target price.
Laurentian Bank (LB:CA) was maintained at Tender by CIBC with a $40.50 target price.
MDA Space Ltd (MDA:CA) had its target price increased to $67.00 from $53.00 by ATB Cormark while maintaining a Sector Perform rating.
Rio2 Ltd (RIO:CA) was initiated by National Bank with an Outperform rating and a $5.50 target price.
Rockpoint Gas Storage Inc (RGSI:CA) had its target price raised to $31.00 from $30.00 by ATB Cormark while maintaining a Sector Perform rating.
Rockpoint Gas Storage Inc (RGSI:CA) had its target price increased to $34.00 from $33.00 by CIBC while maintaining an Outperform rating.
Rockpoint Gas Storage Inc (RGSI:CA) was maintained at Buy by TD Securities with a $35.00 target price.
Rockpoint Gas Storage Inc (RGSI:CA) was maintained at Outperform by Scotiabank with a $33.00 target price.
Royal Bank of Canada (RY:CA) had its target price raised to $260.00 from $245.00 by Barclays Capital while maintaining an Overweight rating.
Royal Bank of Canada (RY:CA) had its target price increased to $279.00 from $258.00 by CIBC while maintaining a Neutral rating.
Royal Bank of Canada (RY:CA) had its target price raised to $275.00 from $262.00 by Desjardins Securities while maintaining a Buy rating.
Royal Bank of Canada (RY:CA) had its target price increased to $270.50 from $265.50 by Raymond James while maintaining a Market Perform rating.
Royal Bank of Canada (RY:CA) had its target price raised to $272.00 from $267.00 by TD Securities while maintaining a Buy rating.
Royal Bank of Canada (RY:CA) had its target price raised to $272.00 from $267.00 by TD while maintaining a Buy rating.
Royal Bank of Canada (RY:CA) had its target price increased to $280.00 from $270.00 by Canaccord Genuity while maintaining a Buy rating.
Royal Bank of Canada (RY:CA) was maintained at Outperform by Scotiabank with a $252.00 target price.
Saputo Inc (SAP:CA) was maintained at Outperform by CIBC with a $47.00 target price.
Shopify Inc (SHOP:CA) was maintained at Outperform by CIBC with a $255.00 target price.
South Bow Corporation (SOBO:CA) was maintained at Outperform by CIBC with a $50.00 target price.
Tamarack Valley Energy Ltd (TVE:CA) had its target price raised to $15.00 from $12.00 by Raymond James while maintaining an Outperform rating.
Tamarack Valley Energy Ltd (TVE:CA) had its target price raised to $15.00 from $12.00 by Canaccord Genuity while maintaining a Buy rating.
Tamarack Valley Energy Ltd (TVE:CA) was maintained at Outperform by CIBC with a $15.25 target price.
Tamarack Valley Energy Ltd (TVE:CA) had its target price increased to $15.25 from $14.25 by CIBC while maintaining an Outperformer rating.
TD Bank (TD:CA) had its target price raised to $140.00 from $135.00 by Barclays CApital while maintaining an Underweight rating.
TD Bank (TD:CA) had its target price increased to $164.00 from $151.00 by CIBC World Markets while maintaining a Neutral rating.
TD Bank (TD:CA) had its target price raised to $155.00 from $152.50 by Raymond James while maintaining an Outperform rating.
TD Bank (TD:CA) had its target price increased to $160.00 from $154.00 by Desjardins Securities while maintaining a Buy rating.
TD Bank (TD:CA) had its target price raised to $162.00 from $157.00 by National Bank while maintaining an Outperform rating.
TD Bank (TD:CA) had its target price increased to $169.00 from $158.00 by Canaccord Genuity while maintaining a Buy rating.
TD Bank Group (TD:CA) was maintained at Outperform by Scotiabank with a $150.00 target price.
Transcontinental Inc (TCL.A:CA) was maintained at Buy by TD Securities with an $8.00 target price.
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