Analyst Ratings (Canada)
Analyst sentiment remained cautiously bullish, with the strongest optimism centered on consumer discretionary, transportation, financials, materials, and energy, where numerous companies received price target increases and reaffirmed positive ratings. Retail and apparel stood out as the strongest sector following widespread upward revisions, while railways and transportation also benefited from improving growth expectations. Energy and mining maintained positive momentum despite a handful of selective target reductions, reflecting continued confidence in commodity fundamentals. Technology also saw constructive sentiment, highlighted by notable target increases. In contrast, telecommunications remained the weakest sector, with several target price cuts and more cautious ratings, while parts of the industrial and engineering sectors experienced valuation-driven target reductions despite generally positive long-term outlooks. Overall, analysts continue to favour companies with strong earnings momentum and resilient cash flow while becoming more selective in sectors facing slower growth or valuation pressures.
48 Analyst Updates
ACT Energy Technologies (ACX:CA) – ATB Cormark raised its price target to $9.50 from $9.25 and maintained an Outperform rating.
Aritzia (ATZ:CA) – TD Securities raised its price target to $200.00 from $183.00 and maintained a Buy rating.
Aritzia (ATZ:CA) – BMO Capital Markets increased its price target to $196.00 from $188.00 while maintaining an Outperform rating.
Aritzia (ATZ:CA) – Canaccord Genuity raised its price target to $193.00 from $182.00 and maintained a Buy rating.
Aritzia (ATZ:CA) – Jefferies increased its price target to $175.00 from $165.00.
Aritzia (ATZ:CA) – RBC Capital raised its price target to $202.00 from $193.00 while maintaining an Outperform rating.
Aritzia (ATZ:CA) – Stifel Nicolaus increased its price target to $190.00 from $180.00 and maintained a Buy rating.
Aritzia (ATZ:CA) – TD Securities raised its price target to $200.00 from $183.00 while maintaining a Buy rating.
Aritzia (ATZ:CA) – Ventum Financial increased its price target to $186.00 from $180.00 while maintaining a Neutral rating.
Aritzia (ATZ:CA) – Desjardins Securities raised its price target to $180.00 from $175.00 and maintained a Buy rating.
BCE (BCE:CA) – RBC Capital lowered its price target to $36.00 from $39.00 while maintaining an Outperform rating.
BCE (BCE:CA) – Canaccord Genuity lowered its price target to $33.00 from $35.00 and maintained a Hold rating.
Boardwalk REIT (BEI-UN:CA) – TD Securities maintained its Buy rating with an $82.00 price target.
Calfrac Well Services (CFW:CA) – ATB Cormark downgraded the stock to Sector Perform with a $7.50 price target.
Canadian National Railway (CNR:CA) – JP Morgan raised its price target to $175.00 from $156.00.
Canadian National Railway (CNR:CA) – TD Securities increased its price target to $191.00 from $171.00.
Canadian National Railway (CNR:CA) – ATB Cormark raised its price target to $166.00 from $150.00 while maintaining a Sector Perform rating.
Canadian Pacific Kansas City (CP:CA) – TD Securities increased its price target to $128.00 from $117.00.
Canadian Pacific Kansas City (CP:CA) – ATB Cormark raised its price target to $137.00 from $130.00 while maintaining an Outperform rating.
Cineplex (CGX:CA) – TD Securities maintained its Buy rating with a $16.00 price target.
Cogeco Communications (CCA:CA) – RBC Capital lowered its price target to $70.00 from $74.00 while maintaining a Sector Perform rating.
Enerflex (EFX:CA) – ATB Cormark raised its price target to $47.00 from $46.00 while maintaining an Outperform rating.
Excellon Resources (EXN:CA) – ATB Cormark initiated coverage with a Speculative Buy rating and a $0.65 price target.
Firan Technology Group (FTG:CA) – Raymond James raised its price target to $30.00 from $24.00 while maintaining an Outperform rating.
First Majestic Silver (AG:CA) – ATB Cormark increased its price target to $37.00 from $36.00 while maintaining an Outperform rating.
IGM Financial (IGM:CA) – CIBC World Markets raised its price target to $85.00 from $79.00.
Intact Financial (IFC:CA) – CIBC World Markets increased its price target to $314.00 from $288.00.
InterRent REIT (IIP-UN:CA) – TD Securities maintained its Sell rating with a $13.55 price target.
MTY Food Group (MTY:CA) – TD Securities maintained its Hold rating with a $42.00 price target.
Neo Performance Materials (NEO:CA) – ATB Cormark raised its price target to $53.50 from $43.00 while maintaining an Outperform rating.
Precision Drilling (PD:CA) – ATB Cormark lowered its price target to $165.00 from $175.00 while maintaining an Outperform rating.
Quebecor (QBR.B:CA) – CIBC World Markets raised its price target to $78.00 from $67.00.
Quebecor (QBR.B:CA) – RBC Capital increased its price target to $70.00 from $64.00 while maintaining a Sector Perform rating.
Quebecor (QBR.B:CA) – Canaccord Genuity downgraded the stock to Hold with a $68.00 price target.
Richelieu Hardware (RCH:CA) – CIBC World Markets lowered its price target to $39.00 from $42.00 while maintaining a Neutral rating.
Rogers Communications (RCI.B:CA) – RBC Capital reduced its price target to $60.00 from $63.00 while maintaining an Outperform rating.
Shopify (SHOP:CA) – Stifel Nicolaus raised its price target to $213.00 from $156.00 while maintaining a Buy rating.
South Bow (SOBO:CA) – TD Securities maintained its Hold rating with a $51.00 price target.
Stantec (STN:CA) – Scotiabank lowered its price target to $133.00 from $138.00 while maintaining a Sector Outperform rating.
Stella-Jones (SJ:CA) – CIBC World Markets reduced its price target to $82.00 from $87.00.
Strathcona Resources (SCR:CA) – Scotiabank maintained its Outperform rating with a $54.00 price target.
Strathcona Resources (SCR:CA) – CIBC World Markets maintained its Neutral rating with a $46.00 price target.
TC Energy (TRP:CA) – CIBC World Markets maintained its Outperform rating with a $103.00 price target.
TELUS (T:CA) – Canaccord Genuity lowered its price target to $15.50 from $16.75 while maintaining a Hold rating.
TELUS (T:CA) – RBC Capital lowered its price target to $20.00 from $22.00 while maintaining an Outperform rating.
FI International (TFII:CA) – National Bank lowered its price target to $160.00 from $208.00 while maintaining an Outperform rating.
Total Energy Services (TOT:CA) – ATB Cormark raised its price target to $33.00 from $32.00 while maintaining an Outperform rating.
WSP Global (WSP:CA) – Scotiabank lowered its price target to $281.00 from $286.00 while maintaining a Sector Outperform rating.
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