Canadian Analyst Updates: June 23rd, 2026

Canadian Analyst Updates: June 23rd, 2026

Analyst Ratings (Canada)

Analyst sentiment today remains optimistic, with most brokerages maintaining positive ratings while selectively raising price targets across several sectors. Positive revisions were concentrated in the energy infrastructure, consumer retail, industrials, real estate, gold and precious metals, and engineering and construction sectors, reflecting confidence in earnings growth, cash flow generation, and operational execution. Analysts also highlighted favorable valuation opportunities and resilient business fundamentals despite ongoing macroeconomic uncertainty. While a small number of target prices were reduced, overall revisions skewed positive, suggesting expectations for continued strength across key areas of the Canadian market and supporting a generally bullish outlook for stocks.

20 Analyst Updates

AbraSilver Resource Corp. (ABRA:CA) — Scotiabank maintained its Outperform rating and $20.00 price target, reflecting continued confidence in the company’s growth prospects and development pipeline.

Alamos Gold Inc. (AGI:CA) — Scotiabank maintained its Outperform rating with an $85.00 price target, highlighting ongoing optimism toward the gold producer’s operational performance and production outlook.

Alimentation Couche-Tard Inc. (ATD:CA) — RBC Capital raised its price target to $106.00 from $104.00 while maintaining an Outperform rating, reflecting confidence in the convenience retailer’s earnings growth and strategic initiatives.

Alimentation Couche-Tard Inc. (ATD:CA) — Scotiabank maintained its Outperform rating and $94.00 price target, reflecting a positive view on the company’s long-term growth trajectory.

Alimentation Couche-Tard Inc. (ATD:CA) — CIBC raised its price target to $89.00 while maintaining an Outperform rating, signaling expectations for continued operational strength.

AtkinsRéalis Group Inc. (ATRL:CA) — CIBC maintained its Outperform rating and $120.00 price target, underscoring confidence in the engineering and infrastructure company’s growth outlook.

Bird Construction Inc. (BDT:CA) — National Bank maintained its Outperform rating with a $57.00 target price, reflecting optimism regarding project execution and construction demand.

Cascades Inc. (CAS:CA) — CIBC raised its price target to $13.50 from $13.00 while maintaining a Neutral rating, indicating modestly improved expectations despite a balanced risk-reward outlook.

Corby Spirit and Wine Ltd. (CSW.A:CA) — Acumen Capital initiated coverage with a Buy rating and a $22.00 price target, citing potential upside in the beverage company’s business fundamentals.

Finning International Inc. (FTT:CA) — National Bank maintained its Outperform rating and $115.00 price target, reflecting confidence in demand trends and the company’s earnings outlook.

Keyera Corp. (KEY:CA) — Raymond James lowered its price target to $65.00 from $66.00 while maintaining an Outperform rating, suggesting a slightly revised valuation outlook while remaining constructive on the stock.

Keyera Corp. (KEY:CA) — National Bank raised its price target to $62.00 from $61.00 and maintained an Outperform rating, reflecting improved expectations for the energy infrastructure company.

Keyera Corp. (KEY:CA) — TD Securities maintained a Buy rating and $68.00 price target, highlighting continued confidence in the company’s cash flow and growth prospects.

Keyera Corp. (KEY:CA) — Scotiabank maintained its Outperform rating and $65.00 price target, reflecting a favorable outlook for the business.

Montage Gold Corp. (MAU:CA) — Scotiabank maintained its Outperform rating and $19.00 price target, reflecting optimism surrounding the company’s development assets and growth potential.

Parkit Enterprise Inc. (PKT:CA) — Raymond James raised its price target to $11.00 from $10.50 while maintaining a Market Perform rating, signaling improved valuation expectations while remaining neutral on the shares.

Primaris REIT (PMZ-UN:CA) — CIBC raised its price target to $25.00 from $22.00 and maintained an Outperform rating, citing confidence in the REIT’s portfolio quality and earnings outlook.

Quebecor Inc. (QBR.B:CA) — National Bank raised its price target to $74.00 from $67.00 while maintaining an Outperform rating, reflecting stronger expectations for the telecommunications and media company.

StorageVault Canada Inc. (SVI:CA) — Scotiabank maintained its Outperform rating and $6.00 price target, underscoring confidence in the self-storage operator’s long-term growth prospects.

Toromont Industries Ltd. (TIH:CA) — National Bank raised its price target to $259.00 from $216.00 while maintaining an Outperform rating, reflecting significantly improved expectations for earnings growth and business performance.

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