Analyst Ratings (Canada)
Today’s analyst coverage updates were broadly positive, with positive revisions concentrated in the consumer discretionary, convenience retail, infrastructure and engineering, renewable energy, education technology, precious metals, and real estate sectors, where analysts raised price targets and reaffirmed favorable ratings.
Several brokerages also maintained constructive views on companies exposed to gold, uranium, mining, and royalty businesses, reflecting continued confidence in commodity-linked growth opportunities. While some target price reductions were observed within the enterprise software and retail sectors, most analysts retained favorable recommendations, suggesting expectations for continued operational resilience despite modest adjustments to earnings forecasts or valuation assumptions. Within the real estate sector, sentiment improved as rating upgrades and target increases reflected growing confidence in property fundamentals and cash flow stability.
Overall, the latest research indicates analysts remain cautiously optimistic on Canadian stocks, favouring businesses with strong execution, defensive cash flows, infrastructure exposure, commodity leverage, and long-term growth drivers, while selectively lowering targets where valuation or near-term operating conditions warrant a more measured outlook.
35 Analyst Updates
ADENTRA Inc. (ADEN:CA) — TD Securities initiated coverage with a Buy rating and a $42.00 price target.
Alimentation Couche-Tard Inc. (ATD:CA) — Scotiabank raised its price target to $94.00 from $90.00 and maintained a Sector Outperform rating.g.
AtkinsRéalis Group (ATRL:CA) — TD Securities maintained its Buy rating and $117.00 price target.
Aurora Cannabis (ACB:CA) — TD Securities maintained its Buy rating and $10.00 price target.
Blackline Safety Corp. (BLN:CA) — TD Securities maintained its Sell rating and $9.00 price target.
Brookfield Renewable (BEP-UN:CA) — National Bank raised its price target to $55.00 from $50.00 and maintained an Outperform rating.
D2L Inc. (DTOL:CA) — National Bank raised its price target to $15.00 from $14.00 and maintained an Outperform rating.
D2L Inc. (DTOL:CA) — BMO raised its price target to $11.00 from $10.00 and maintained a Market Perform rating.
D2L Inc. (DTOL:CA) — TD Securities maintained its Buy rating and $13.00 price target.
Dollarama Inc. (DOL:CA) — TD Securities raised its price target to $227.00 from $225.00 and maintained a Buy rating.
Empire Company Ltd. (EMP-A:CA) — TD Securities maintained its Hold rating and $50.00 price target.
Enghouse Systems Ltd. (ENGH:CA) — CIBC lowered its price target to $17.00 from $18.00 and maintained a Neutral rating.
Enghouse Systems Ltd. (ENGH:CA) — RBC Capital lowered its price target to $18.00 from $20.00 and maintained a Sector Perform rating.
Enghouse Systems Ltd. (ENGH:CA) — TD Securities lowered its price target to $16.00 from $17.00 and maintained a Hold rating.
IAMGOLD Corporation (IMG:CA) — CIBC maintained its Outperform rating and $47.00 price target.
IsoEnergy Ltd. (ISO:CA) — TD Securities maintained its Buy rating and $18.00 price target.
Luca Mining Corp. (LUCA:CA) — National Bank lowered its price target to $3.00 from $3.25 and maintained an Outperform rating.
Meridian Mining plc (MNO:CA) — Scotiabank maintained its Outperform rating and $3.00 price target.
North West Company Inc. (NWC:CA) — RBC Capital lowered its price target to $61.00 from $63.00 and maintained an Outperform rating.
North West Company Inc. (NWC:CA) — CIBC lowered its price target to $58.00 from $63.00 and maintained an Outperform rating.
North West Company Inc. (NWC:CA) — BMO lowered its price target to $59.00 from $63.00 and maintained an Outperform rating.
North West Company Inc. (NWC:CA) — TD Securities maintained its Buy rating and $63.00 price target.
Primaris REIT (PMZ.UN:CA) — Raymond James raised its price target to $22.25 from $21.25 and maintained a Strong Buy rating.
PRO REIT (PRV-UN:CA) — CIBC maintained its Neutral rating and $7.00 price target.
PRO REIT (PRV.UN:CA) — TD Securities upgraded the stock to Buy with a $7.00 price target.
PROREIT (PRV-UN:CA) — Scotiabank maintained its Sector Perform rating and $7.00 price target.
Stingray Group Inc. (RAY:CA) — Desjardins Securities raised its price target to $22.00 from $21.50 and maintained a Buy rating.
Transat A.T. Inc. (TRZ:CA) — TD Securities maintained its Hold rating and $2.50 price target.
Transat A.T. Inc. (TRZ:CA) — CIBC maintained its Underperform rating and $2.00 price target.
Transcontinental Inc. (TCL-A:CA) — CIBC maintained its Outperform rating and $7.00 price target.
Triple Flag Precious Metals Corp. (TFPM:CA) — TD Securities maintained its Buy rating and $62.00 price target.
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