Analyst Ratings (Canada)
Analyst sentiment today was selectively positive, with the strongest outlook coming from construction infrastructure, financials, and technology sectors, where multiple companies received price target increases while maintaining bullish ratings. Mining and industrials delivered mixed signals as analysts raised targets on select names but lowered others based on company-specific fundamentals. Consumer discretionary, particularly the restaurant sector, and energy services were the weakest areas, with widespread price target reductions reflecting softer near-term earnings expectations, although most firms maintained their existing ratings. Overall, analysts continue to favour high-quality growth and infrastructure-related companies while taking a more cautious stance on cyclical consumer and energy service businesses.
44 Analyst Updates
Aecon Group (ARE:CA): National Bank raised its price target to $65 from $59 and maintained its Outperform rating.
Ag Growth International (AFN:CA): National Bank lowered its price target to $20 from $24 and maintained its Sector Perform rating.
Altius Minerals (ALS:CA): Raymond James increased its price target to $66 from $64.
Apotex Health (APTX:CA): BMO Capital Markets raised its price target to $43 from $39.
Apotex Health (APTX:CA): Canaccord Genuity initiated a Buy rating with a $42 price target.
AutoCanada (ACQ:CA): National Bank lowered its price target to $21 from $22 and maintained its Sector Perform rating.
Badger Infrastructure Solutions (BDGI:CA): National Bank raised its price target to $103 from $74 and maintained its Outperform rating.
Bird Construction (BDT:CA): National Bank raised its price target to $72 from $57 while maintaining its Outperform rating.
CES Energy Solutions (CEU:CA): TD Securities lowered its price target to $18 from $19 and maintained its Hold rating.
Cineplex (CGX:CA): TD Securities maintained its Buy rating with a $16 price target.
Colliers International (CIGI:CA): National Bank reduced its price target to $153 from $200 while maintaining its Outperform rating.
Enerflex (EFX:CA): TD Securities lowered its price target to $43 from $45 and maintained its Buy rating.
Ensign Energy Services (ESI:CA): TD Securities reduced its price target to $3.50 from $3.75 while maintaining its Hold rating.
Ero Copper (ERO:CA): Jefferies lowered its price target to $39 from $42.
IGM Financial (IGM:CA): RBC Capital raised its price target to $80 from $77 and maintained its Sector Perform rating.
Intact Financial (IFC:CA): RBC Capital increased its price target to $299 from $289 while maintaining its Sector Perform rating.
Magna International (MGA): RBC Capital raised its price target to $80 from $66 and maintained its Sector Perform rating.
Methanex (MX:CA): National Bank issued an Outperform rating with a $98 price target.
MTY Food Group (MTY:CA): National Bank lowered its price target to $43 from $49 while maintaining its Outperform rating.
MTY Food Group (MTY:CA): RBC Capital reduced its price target to $41 from $46 and maintained its Sector Perform rating.
MTY Food Group (MTY:CA): Scotiabank lowered its price target to $40 from $45 while maintaining its Sector Perform rating.
MTY Food Group (MTY:CA): Raymond James reduced its price target to $40 from $45 and maintained its Market Perform rating.
MTY Food Group (MTY:CA): Acumen Capital lowered its price target to $48 from $50 while maintaining its Buy rating.
Neo Performance Materials (NEO:CA): BMO Capital Markets raised its price target to $60 from $43.
Nutrien (NTR:CA): National Bank maintained its Outperform rating with a $107 price target.
Pason Systems (PSI:CA): TD Securities lowered its price target to $15 from $18 while maintaining its Hold rating.
Power Corporation of Canada (POW:CA): RBC Capital Markets raised its price target to $87 from $86 and maintained its Outperform rating.
Precision Drilling (PD:CA): TD Securities lowered its price target to $124 from $130 while maintaining its Hold rating.
RB Global (RBA:CA): National Bank adjusted its price target to $185 from $182.50 while maintaining its Outperform rating.
Richelieu Hardware (RCH:CA): CIBC World Markets lowered its price target to $39 from $42.
Richelieu Hardware (RCH:CA): National Bank reduced its price target to $38 from $41 and maintained its Sector Perform rating.
Russel Metals (RUS:CA): National Bank increased its price target to $57 from $52 while maintaining its Sector Perform rating.
Shopify (SHOP:CA): Jefferies raised its price target to $225 from $197 and maintained its Buy rating.
Sprott (SII:CA): RBC Capital Markets lowered its price target to $204 from $230 while maintaining its Outperform rating.
Stantec (STN:CA): National Bank reduced its price target to $120 from $143 while maintaining its Outperform rating.
Strathcona Resources (SCR:CA): TD Securities maintained its Buy rating with a $49 price target.
Strathcona Resources (SCR:CA): National Bank raised its price target to $67 from $66 while maintaining its Outperform rating.
Sun Life Financial (SLF:CA): Evercore ISI issued an In Line rating with a $111 price target.
Trican Well Service (TCW:CA): TD Securities lowered its price target to $7.50 from $8.00 while maintaining its Hold rating.
WSP Global (WSP:CA): National Bank reduced its price target to $207 from $272 while maintaining its Outperform rating.
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