Analyst Ratings (Canada)
Analyst sentiment for today is broadly constructive, with the strongest positive revisions concentrated in financials, energy infrastructure, and select industrial and technology sectors. Multiple analysts raised price targets, reflecting improving confidence in earnings growth, valuation support, and business fundamentals across these areas. Financials received widespread upward target revisions, suggesting continued optimism around the sector’s outlook, while energy infrastructure and royalty-related names also benefited from improved expectations. Industrial and aerospace-related companies saw mixed but generally supportive revisions, with some targets raised despite selective caution. On the more cautious side, analysts reduced targets in areas such as transportation, telecommunications, and certain industrial exposures, indicating concerns around near-term growth or valuation. Overall, the updates point to a moderately bullish sector outlook, favoring financials, infrastructure, energy-related businesses, and select growth-oriented companies, while maintaining a more selective stance on consumer-facing, telecom, and cyclical sectors.
43 Analyst Updates
ARC Resources Ltd. (ARX:CA) — RBC Capital: Raised target price to $32.00 from $28.00; maintained OUTPERFORM rating.
BCE Inc. (BCE:CA) — Desjardins Securities: Issued BUY rating with a $43.50 target price.
Brookfield Infrastructure Partners (BIP-UN:CA) — TD Securities: Maintained BUY rating with an $80.00 target price.
CAE Inc. (CAE:CA) — Morgan Stanley: Lowered target price to $37.00 from $43.00; rated UNDERWEIGHT.
Canadian Natural Resources (CNQ:CA) — RBC Capital: Lowered target price to $79.00 from $80.00.
Canadian Tire Corporation (CTC.A:CA) — TD Securities: Raised target price to $210.00 from $200.00; maintained HOLD rating.
Cardinal Energy (CJ:CA) — RBC Capital: Lowered target price to $13.50 from $14.00.
Cargojet (CJT:CA) — TD Securities: Lowered target price to $118.00 from $124.00.
Cogeco Communications (CCA:CA) — Desjardins Securities: Issued HOLD rating with a $68.00 target price.
Exchange Income Corp. (EIF:CA) — ATB Cormark: Raised target price to $146.00 from $125.00; maintained OUTPERFORM rating.
Great-West Lifeco (GWO:CA) — Scotiabank: Raised target price to $95.00 from $83.00; maintained OUTPERFORM rating.
Great-West Lifeco (GWO:CA) — CIBC World Markets: Raised target price to $95.00 from $81.00.
iA Financial (IAG:CA) — CIBC World Markets: Raised target price to $208.00 from $180.00.
iA Financial (IAG:CA) — Scotiabank: Raised target price to $198.00 from $168.00; maintained SECTOR PERFORM rating.
IGM Financial (IGM:CA) — BMO Capital Markets: Raised target price to $80.00 from $72.00.
Keyera Corp. (KEY:CA) — Barclays Capital: Raised target price to $56.00 from $53.00.
Manulife Financial (MFC:CA) — Scotiabank: Raised target price to $61.00 from $56.00; maintained OUTPERFORM rating.
Manulife Financial (MFC:CA) — CIBC World Markets:Raised the target price to $69.00 from $61.00.
Mattr Corp. (MATR:CA) — Canaccord Genuity: Raised target price to $23.00 from $13.00.
Mattr Corp. (MATR:CA) — TD Securities: Upgraded to BUY with a $23.00 target price, up from $14.00.
Mattr Corp. (MATR:CA) — National Bank: Raised target price to $18.00 from $14.50; maintained OUTPERFORM rating.
MDA Space (MDA:CA) — Scotiabank: Maintained OUTPERFORM rating with a $61.00 target price.
MDA Space (MDA:CA) — CIBC World Markets: Lowered target price to $59.00 from $67.00.
MDA Space (MDA:CA) — Desjardins Securities: Raised target price to $72.00 from $70.00; maintained BUY rating.
Mining Americas Inc. (MAI:CA) — Scotiabank: Maintained OUTPERFORM rating with a $9.50 target price.
Montage Gold Corp. (MAU:CA) — Scotiabank: Maintained OUTPERFORM rating with a $19.00 target price.
PrairieSky Royalty (PSK:CA) — RBC Capital: Raised target price to $38.00 from $36.00; maintained OUTPERFORM rating.
PrairieSky Royalty (PSK:CA) — TD Securities: Maintained BUY rating with a $36.00 target price.
Quebecor Inc. (QBR.B:CA) — Desjardins Securities: Raised target price to $72.00 from $66.00; maintained BUY rating.
Rogers Communications (RCI.B:CA) — Desjardins Securities: Lowered target price to $58.00 from $59.00; maintained HOLD rating.
Sun Life Financial (SLF:CA) — CIBC World Markets: Raised target price to $116.00 from $102.00.
Sun Life Financial (SLF:CA) — Scotiabank: Raised target price to $111.00 from $98.00; maintained SECTOR PERFORM rating.
Talamore Mining Corp. (TALA:CA) — TD Securities: Initiated coverage with BUY rating and a $12.00 target price.
Telus Corp. (T:CA) — Desjardins Securities: Lowered target price to $19.00 from $21.00; maintained BUY rating.
Thomson Reuters (TRI:CA) — National Bank: Lowered target price to $171.00 from $175.00; maintained OUTPERFORM rating.
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