Canadian Analyst Updates: June 12th, 2026

Canadian Analyst Updates: June 12th, 2026

Analyst Ratings (Canada)

Today’s analyst coverage reflects a positive but selective market tone, with  target increases in higher-quality, defensive, and steady-growth names. Strength was most evident in consumer staples and value retail, where multiple upward revisions signaled strong confidence in earnings resilience and demand stability.

Financial infrastructure and growth companies also retained positive momentum with reiterated bullish ratings and modest target lifts, reinforcing expectations of stable cash flow and durable business models.

Cyclical and travel-exposed names such as Transat A.T. showed mild caution with small target reductions, indicating concerns around margin pressure and normalization in demand.

The market tone suggests a “selective risk-on” environment, as analysts remain relatively optimistic on the market, but are increasingly differentiating between resilient stock performers and more economically sensitive segments rather than applying broad-based upside across sectors.

28 Analyst Updates

Alithya Group Inc. (ALYA:CA) – Scotiabank lowered its price target to $1.25 from $1.50 while maintaining a Sector Perform rating.

Aurora Cannabis (ACB:CA) – TD Securities reduced its price target to $8.00 from $10.00 while maintaining a Buy rating.

Aurora Cannabis (ACB:CA) – Canaccord Genuity lowered its price target to $6.50 from $8.00 while maintaining a Buy rating.

CGI Inc. (GIB.A:CA) – National Bank maintained an Outperform rating with a $135.00 price target.

Denison Mines Corp. (DML:CA) – TD Securities maintained a Buy rating with a $6.50 price target.

Dollarama Inc. (DOL:CA) – BMO raised its price target to $221.00 from $210.00.

Dollarama Inc. (DOL:CA) – Canaccord Genuity raised its price target to $204.00 from $187.00.

Dollarama Inc. (DOL:CA) – CIBC raised its price target to $228.00 from $202.00.

Dollarama Inc. (DOL:CA) – Desjardins raised its price target to $215.00 from $205.00.

Dollarama Inc. (DOL:CA) – Jefferies raised its price target to $230.00 from $200.00.

Dollarama Inc. (DOL:CA) – National Bank raised its price target to $209.00 from $203.00.

Dollarama Inc. (DOL:CA) – Scotiabank raised its price target to $220.00 from $200.00.

Dollarama Inc. (DOL:CA) – Stifel Nicolaus raised its price target to $215.00 from $190.00.

Dollarama Inc. (DOL:CA) – TD Securities raised its price target to $227.00 from $225.00 while maintaining a Buy rating.

Dollarama Inc. (DOL:CA) – Bank of America initiated coverage at Buy with a $220.00 price target.

Groupe Dynamite Inc. (GRGD:CA) – RBC Capital raised its price target to $107.00 from $105.00 while maintaining an Outperform rating.

H&R REIT (HR-UN:CA) – CIBC maintained an Outperform rating with a $12.00 price target.

H&R REIT (HR-UN:CA) – Scotiabank maintained a Sector Perform rating with an $11.75 price target.

Major Drilling Group International Inc. (MDI:CA) – TD Securities raised its price target to $22.00 from $21.00 while maintaining a Buy rating.

RioCan REIT (REI-UN:CA) – TD Securities maintained a Buy rating with a $26.00 price target.

Roots Corp. (ROOT:CA) – TD Securities maintained a Hold rating with a $4.50 price target.

TMX Group (X:CA) – Raymond James raised its price target to $65.25 from $61.50 while maintaining a Strong Buy rating.

TMX Group (X:CA) – TD Securities maintained a Buy rating with a $64.00 price target.

Transat A.T. Inc. (TRZ:CA) – TD Securities reduced its price target to $2.25 from $2.50 while maintaining a Hold rating.

Transat A.T. Inc. (TRZ:CA) – Scotiabank maintained an Underperform rating with a $2.00 price target.

Triple Flag Precious Metals (TFPM:CA) – Canaccord Genuity maintained a Buy rating with a $52.00 price target.

Triple Flag Precious Metals Corp. (TFPM:CA) – TD Securities maintained a Buy rating with a $52.00 price target.

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