Canadian Analyst Updates: June 16th, 2026

Canadian Analyst Updates: June 16th, 2026

Analyst Ratings (Canada)

Analyst coverage is broadly positive, with a clear bias toward Buy and Outperform ratings alongside generally rising price targets, particularly in banks, large-cap financials, and parts of the energy and infrastructure sectors, reflecting confidence in earnings stability and resilient fundamentals. However, sentiment is more mixed in cyclicals, consumer names, and resource-related stocks, where outcomes vary by company and risk profile, with some speculative coverage highlighting higher volatility. More cautious views persist in select REIT and cannabis names, where neutral ratings and downward target revisions point to ongoing sector-specific pressure within an overall constructive market tone.

37 Analyst Updaytes

A&W Food Services of Canada (AW:CA) — RBC Capital maintained its Sector Perform rating with a $40.00 price target.

Alimentation Couche-Tard (ATD:CA) — TD Securities maintained its Buy rating and $100.00 price target.

Allied Properties REIT (AP-UN:CA) — CIBC World Markets maintained a Neutral rating with a $10.50 price target.

Atlas Salt (SALT:CA) — Ventum Capital maintained its Buy rating and $2.50 price target.

Bank of Montreal (BMO:CA) — Scotia Capital raised its price target to $239.00 from $234.00 while maintaining a Sector Outperform rating.

Brookfield Corp. (BN:CA) — TD Securities maintained its Buy rating with an $84.00 price target.

Canadian Imperial Bank of Commerce (CM:CA) — Scotia Capital increased its price target to $157.00 from $155.00 and maintained a Sector Perform rating.

Canadian Net REIT (NET-UN:CA) — CIBC World Markets maintained a Neutral rating and $27.00 price target.

Canopy Growth (WEED:CA) — Alliance Global Partners lowered its price target to $1.60 from $1.80.

Dundee Precious Metals (DPM:CA) — CIBC World Markets maintained a Neutral rating with a $64.00 price target.

F3 Uranium (FUU:CA) — Fundamental Research initiated coverage with a Buy rating and a $0.44 price target.

Franco-Nevada (FNV:CA) — CIBC World Markets maintained an Outperform rating and $480.00 price target.

Gildan Activewear (GIL:CA)— CIBC World Markets maintained an Outperform rating with a $108.00 price target.

Gildan Activewear (GIL:CA) — TD Securities reiterated a Buy rating with a $112.00 price target.

Gran Tierra Energy (GTE:CA) — Roth upgraded the stock to Buy with a $14.50 price target.

Greenfire Resources (GFR:CA) — TD Securities initiated coverage with Buy ratings and $10.00 price targets.

Groupe Dynamite (GRGD:CA) — TD Securities lowered its price target to $85.00 from $105.00 while maintaining a Buy rating.

Groupe Dynamite (GRGD:CA) — CIBC World Markets maintained its Outperform rating with a $100.00 price target.

High Tide (HITI:CA) — TD Securities maintained its Buy rating with a $6.50 price target.

Keyera (KEY:CA) — BMO Capital Markets raised its price target to $65.00 from $60.00.

Keyera (KEY:CA) — CIBC World Markets increased its price target to $65.00 from $63.00.

Keyera (KEY:CA) — Scotiabank raised its price target to $65.00 from $60.00.

Keyera (KEY:CA) — Raymond James lowered its price target to $66.00 from $67.00 while maintaining an Outperform rating.

Keyera (KEY:CA) — ATB Cormark increased its price target to $58.00 from $55.00 while maintaining a Sector Perform rating.

Keyera (KEY:CA) — National Bank raised its price target to $61.00 from $56.00 and maintained an Outperform rating.

Keyera (KEY:CA) — RBC Capital increased its price target to $62.00 from $60.00 while maintaining an Outperform rating.

Keyera (KEY:CA) — TD Securities maintained its Buy rating with a $68.00 price target.

Klondike Gold (KG:CA) — Fundamental Research initiated coverage with a Buy rating and a $0.59 price target.

Mako Mining (MKO:CA) — Stifel initiated coverage with a Speculative Buy rating and a $20.00 price target.

Meridian Mining (MNO:CA) — CIBC World Markets maintained an Outperform rating with a $3.25 price target.

National Bank of Canada (NA:CA) — Scotiabank raised its price target to $222.00 from $214.00 while maintaining a Sector Outperform rating.

Rocket Doctor AI (AIDR:CA) — Fundamental Research maintained its Buy rating with a $1.55 price target.

Royal Bank of Canada (RY:CA) — Scotia Capital increased its price target to $280.00 from $275.00 and maintained a Sector Outperform rating.

Star Copper (STCU:CA) — Fundamental Research initiated coverage with a Buy rating and a $2.35 price target.

Toronto-Dominion Bank (TD:CA) — Scotiabank raised its price target to $169.00 from $164.00 while maintaining a Sector Outperform rating.

Trident Resources (ROCK:CA) — Fundamental Research maintained its Buy rating with a $7.48 price target.

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