Analyst Ratings (Canada)
Today’s analyst updates reflect a fairly positive outlook for Canadian stocks, with the strongest optimism focused on the energy, industrial, transportation, technology, and telecommunications sectors, supported by higher price targets, Buy ratings, and improving earnings expectations. Mining sentiment remains positive but selective, while utilities and financials show a more balanced outlook as analysts continue to favour high-quality companies but become more cautious on valuations following recent market gains.
39 Analyst Updates
5N Plus Inc. (VNP:CA): RBC Capital initiated coverage with an Outperform rating and a C$41.00 price target, reflecting a positive outlook on the company’s growth prospects.
Air Canada (AC:CA): Stifel Nicolaus raised its price target to C$30.00 from C$25.50 while maintaining a Buy rating, reflecting improving fundamentals and earnings potential.
Alaris Equity Partners Income Trust (AD.UN:CA): ATB Cormark increased its price target to C$32.00 from C$29.00 and maintained an Outperform rating.
Alaris Equity Partners Income Trust (AD.UN:CA): Desjardins Securities lifted its price target to C$27.00 from C$26.50 while reiterating its Buy rating.
Altius Minerals Corp. (ALS:CA): TD Securities resumed coverage with a Hold rating and a C$60.00 price target.
Altius Minerals Corporation (ALS:CA): Scotiabank increased its price target to C$65.00 while maintaining a Sector Perform rating.
Brookfield Renewable Partners L.P. (BEP-UN:CA): TD Securities maintained its Buy rating with a C$39.00 price target.
Cannara Biotech (LOVE:CA): TD Securities reiterated its Buy rating and C$4.00 price target.
Celestica Inc. (CLS:CA): TD Securities maintained its Buy rating with a C$430 price target.
Cenovus Energy Inc. (CVE:CA): TD Securities raised its price target to C$46.00 from C$45.00 while reaffirming its Buy rating.
Discovery Mining Ltd. (DSV:CA): Scotiabank maintained its Outperform rating with a C$15.00 price target.
Doman Building Materials Group Ltd. (DBM:CA): National Bank increased its price target to C$14.00 from C$13.50 and maintained an Outperform rating.
Emera Inc. (EMA:CA): BMO raised its price target to C$80.00 from C$76.00 while maintaining an Outperform rating.
Ensign Energy Services Inc. (ESI:CA): CIBC maintained its Neutral rating with a C$4.00 price target.
Ensign Energy Services Inc. (ESI:CA): TD Securities reiterated its Hold rating with a C$3.50 price target.
Exchange Income Corp. (EIF:CA): Desjardins Securities raised its price target to C$135.00 from C$120.00, reflecting a more constructive outlook.
First Quantum Minerals Ltd. (FM:CA): TD Securities maintained its Buy rating with a C$47.00 price target.
Greenfire Resources Ltd. (GFR:CA): TD Securities increased its price target to C$11.00 from C$10.00 while maintaining a Buy rating.
Hemlo Mining Corp. (HMMC:CA): CIBC maintained its Outperform rating with a C$10.00 price target.
Hemlo Mining Corp. (HMMC:CA): TD Securities reiterated its Buy rating with a C$9.00 price target.
Hemlo Mining Corp. (HMMC:CA): Scotiabank maintained its Outperform rating with a C$9.50 price target.
Imperial Oil Ltd. (IMO:CA): TD Securities lowered its price target to C$150.00 from C$156.00 while maintaining a Buy rating.
Lundin Gold Inc. (LUG:CA): TD Securities maintained its Hold rating with a C$92.00 price target.
Lundin Gold Inc. (LUG:CA): Scotiabank reiterated its Sector Perform rating with a C$90.00 price target.
Northland Power Inc. (NPI:CA): Desjardins Securities reduced its price target to C$22.00 from C$23.00 while maintaining a Hold rating.
PrairieSky Royalty Ltd. (PSK:CA): TD Securities raised its price target to C$38.00 from C$36.00 and maintained a Buy rating.
Rogers Communications Inc. (RCI-B:CA): CIBC maintained its Outperform rating with a C$62.00 price target.
Rogers Communications Inc. (RCI-B:CA): TD Securities reiterated its Buy rating with a C$60.00 price target.
Sprott Inc. (SII:CA): BMO lowered its price target to C$195.00 from C$210.00 while maintaining an Outperform rating.
Strathcona Resources Ltd. (SCR:CA): TD Securities reduced its price target to C$47.00 from C$49.00 while maintaining a Buy rating.
Suncor Energy Inc. (SU:CA): TD Securities increased its price target to C$116.00 from C$113.00 while reaffirming its Buy rating.
Suncor Energy Inc. (SU:CA): Gerdes Energy Research raised its price target to C$97.00 from C$96.00 while maintaining a Neutral rating.
Tenaz Energy Corp. (TNZ:CA): CIBC maintained its Outperform rating with a C$80.00 price target.
TMX Group (X:CA): TD Securities lowered its price target to C$61.00 from C$64.00 while maintaining its Buy rating.
Tourmaline Oil Corp. (TOU:CA): TD Securities increased its price target to C$66.00 from C$65.00 while maintaining a Hold rating.
Vermilion Energy Inc. (VET:CA): TD Securities upgraded the stock to Buy with a C$18.00 price target, reflecting improved confidence in the company’s outlook.
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