Canadian Analyst Updates: June 24th, 2026

Canadian Analyst Updates: June 24th, 2026

Analyst Ratings (Canada)

Analyst sentiment remained positive across most sectors, with the strongest optimism centered on consumer retail, energy, mining, industrials, transportation, real estate, and engineering services. Numerous brokerages raised price targets while maintaining Buy and Outperform ratings, reflecting confidence in earnings growth, resilient demand, strong cash flow generation, and favorable long-term fundamentals. The energy and mining sectors benefited from supportive commodity outlooks, while industrials and engineering firms continued to gain support from infrastructure spending and project execution. Rail transportation companies received higher targets on expectations of steady freight demand, and real estate firms attracted positive revisions due to stable operating fundamentals and attractive valuations.

30 Analyst Updates

AGF Management Ltd. (AGF-B:CA) — TD Securities maintained its Buy rating and $24.00 price target.

Alimentation Couche-Tard Inc. (ATD:CA) — CIBC World Markets raised its price target to $102.00 from $89.00.

Alimentation Couche-Tard Inc. (ATD:CA) — Raymond James raised its price target to $105.00 from $90.00.

Alimentation Couche-Tard Inc. (ATD:CA) — UBS Securities raised its price target to $104.00 from $91.00.

Alimentation Couche-Tard Inc. (ATD:CA) — National Bank raised its price target to $102.00 from $91.00 and maintained an Outperform rating.

Alimentation Couche-Tard Inc. (ATD:CA) — Scotiabank raised its price target to $107.00 from $94.00 and maintained a Outperform rating.

Alimentation Couche-Tard Inc. (ATD:CA) — BMO raised its price target to $95.00 from $84.00 and maintained a Market Perform rating.

Alimentation Couche-Tard Inc. (ATD:CA) — Canaccord Genuity raised its price target to $101.00 from $94.00 and maintained a Buy rating.

Alimentation Couche-Tard Inc. (ATD:CA) — Desjardins Securities raised its price target to $101.00 from $92.00 and maintained a Buy rating.

Alimentation Couche-Tard Inc. (ATD:CA) — TD Securities raised its price target to $109.00 from $100.00 and maintained a Buy rating.

Alimentation Couche-Tard Inc. (ATD:CA) — Stifel Nicolaus raised its price target to $102.00 from $93.00 and maintained a Buy rating.g.

AltaGas Ltd. (ALA:CA) — CIBC World Markets maintained its Outperform rating and $59.00 price target.

Arizona Sonoran Copper Co. Inc. (ASCU:CA) — TD Securities discontinued coverage with a final Buy rating and $7.50 target price.

AtkinsRéalis Group Inc. (ATRL:CA) — CIBC World Markets maintained its Outperform rating and $120.00 price target.

Ballard Power Systems Inc. (BLDP:CA) — National Bank maintained its Sector Perform rating and $6.75 price target.

BlackBerry Ltd. (BB:CA) — Stifel Nicolaus initiated coverage with a Buy rating and a $12.00 price target.

Canadian National Railway Co. (CNR:CA) — RBC Capital raised its price target to $195.00 from $178.00 and maintained an Outperform rating.

Canadian Pacific Kansas City (CP:CA) — RBC Capital raised its price target to $139.00 from $127.00 and maintained an Outperform rating.

CES Energy Solutions Corp. (CEU:CA) — BMO Capital Markets raised its price target to $22.00 from $21.00 and maintained an Outperform rating.

Dexterra Group Inc. (DXT:CA) — ATB Cormark raised its price target to $19.50 from $14.25 and maintained an Outperform rating.

Dye & Durham Ltd. (DND:CA) — CIBC World Markets maintained its Neutral rating and $4.00 price target.

Faraday Copper Corp. (FDY:CA) — TD Securities maintained its Buy rating and $5.50 price target.

Firan Technology Group (FTG:CA) — ATB Cormark initiated coverage with an Outperform rating and a $30.00 price target.

Hudbay Minerals Inc. (HBM:CA) — TD Securities maintained its Buy rating and $43.00 price target.

Kelt Exploration Ltd. (KEL:CA) — Scotiabank raised its price target to $13.00 and maintained a Outperform rating.

Lundin Mining Corp. (LUN:CA) — ATB Cormark raised its price target to $40.00 from $32.50 and maintained an Outperform rating.

MDA Space Ltd. (MDA:CA) — CIBC World Markets raised its price target to $67.00 from $64.00 and maintained an Outperform rating.

Northview Residential REIT (NRR.UN:CA) — RBC Capital initiated coverage with a Sector Perform rating and a $17.50 price target.

Primaris Real Estate Investment Trust (PMZ.UN:CA) — Desjardins Securities raised its price target to $23.50 from $21.50 and maintained a Buy rating.

PRO REIT (PRV.UN:CA) — RBC Capital raised its price target to $7.25 and maintained an Outperform rating.

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