Analyst Ratings (Canada)
Today’s analyst updates reflect a relatively positive outlook across the Canadian market, with the strongest optimism focused on the industrials, transportation, mining, energy, and real estate sectors, supported by numerous price target increases and reaffirmed Buy and Outperform ratings. The consumer staples sector also remains favorable, while sentiment toward the technology sector is more selective. Overall, analysts continue to expect solid earnings growth and resilient fundamentals, although some modest target reductions suggest a more valuation-conscious approach in certain industries.
21 Analyst Updates
Canadian National Railway Co. (CNR:CA): CIBC maintained its Outperform rating with a C$185.00 price target, reflecting continued confidence in the railway’s long-term earnings and operating performance.
Choice Properties REIT (CHP.UN:CA): BMO Capital Markets raised its price target to C$17.00 from C$16.50, indicating a more positive outlook on the REIT.
Coveo Solutions Inc. (CVO:CA): TD Securities reiterated its Buy rating with a C$6.50 price target.
Dexterra Group Inc. (DXT:CA): Canaccord Genuity increased its price target to C$21.00 from C$18.00 while maintaining a Buy rating, reflecting improving confidence in the company’s growth prospects.
FirstService Corp. (FSV:CA): Raymond James reduced its price target to C$190.00 from C$215.00 while reiterating its Outperform rating.
FirstService Corp. (FSV:CA): TD Securities lowered its price target to C$275.00 from C$292.00 while maintaining a Buy rating.
Loblaw Companies Ltd. (L:CA): TD Securities maintained its Buy rating with a C$75.00 price target.
Mullen Group Ltd. (MTL:CA): RBC Capital raised its price target to C$30.00 from C$23.00, reflecting a more optimistic outlook.
Mullen Group Ltd. (MTL:CA): Scotiabank increased its price target to C$29.00 from C$24.00, indicating improved expectations for the company.
Mullen Group Ltd. (MTL:CA): National Bank raised its price target to C$31.00 from C$23.00 while maintaining an Outperform rating.
Mullen Group Ltd. (MTL:CA): Desjardins increased its price target to C$30.00 from C$23.00 while reaffirming its Buy rating.
Mullen Group Ltd. (MTL:CA): TD Securities raised its price target to C$32.00 from C$24.00 while maintaining a Buy rating.
Mullen Group Ltd. (MTL:CA): BMO Capital Markets increased its price target to C$32.00 from C$25.00, reflecting stronger confidence in the company’s outlook.
NGEx Minerals Ltd. (NGEX:CA): TD Securities maintained its Buy rating with a C$35.00 price target.
StorageVault Canada Inc. (SVI:CA): RBC Capital raised its price target to C$6.25 from C$6.00 while maintaining an Outperform rating.
Teck Resources Ltd. (TECK.B:CA): Canaccord Genuity lowered its price target to C$81.00 from C$84.00 while maintaining a Hold rating.
Teck Resources Ltd. (TECK.B:CA): Raymond James increased its price target to C$93.00 from C$90.00 while maintaining an Outperform rating.
Teck Resources Ltd. (TECK.B:CA): National Bank raised its price target to C$105.00 from C$100.00 while maintaining a Sector Perform rating.
Tourmaline Oil Corp. (TOU:CA): Jefferies & Co. increased its price target to C$74.00 from C$72.00, reflecting a more positive outlook for the energy producer.
Winpak Ltd. (WPK:CA): CIBC maintained its Neutral rating with a C$48.00 price target.
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