Analyst Ratings (Canada)
Today’s analyst coverage updates are bullish on the transportation, financials, mining, and industrials sectors, with numerous price target increases and reiterated positive ratings, reflecting confidence in earnings growth and resilient fundamentals. The energy and utilities sectors also received positive support through higher target prices, while the real estate sector saw a more cautious outlook with modest target reductions and Hold recommendations. Sentiment toward the consumer staples sector remained positive, and the technology sector continued to receive selective support with generally positive ratings but a more measured valuation outlook.
48 Analyst Updates
5N Plus Inc. (VNP:CA): Ventum Financial reiterated its Buy rating with a C$44.00 price target, reflecting confidence in the company’s long-term growth outlook.
Agnico Eagle Mines Ltd. (AEM:CA): Citigroup lowered its price target to C$282 from C$360 while maintaining its Buy rating, indicating continued confidence despite a more conservative valuation.
Aya Gold & Silver Inc. (AYA:CA): Desjardins Securities maintained its Buy rating with a C$38.00 price target.
Barrick Mining Corp. (ABX:CA): Citigroup updated its Neutral rating with a C$41.00 price target following a target revision.
Brookfield Asset Management Ltd. (BAM:CA): TD Securities increased its price target to C$99.00 from C$97.00 while reiterating its Buy rating.
Cameco Corp. (CCO:CA): UBS Securities maintained its Buy rating with a C$166.00 price target.
Canadian National Railway Co. (CNR:CA): BMO Capital Markets raised its price target to C$195.00 from C$180.00, reflecting improved confidence in the railway’s outlook.
Canadian National Railway Co. (CNR:CA): CIBC World Markets increased its price target to C$198.00 from C$185.00.
Canadian National Railway Co. (CNR:CA): J.P. Morgan raised its price target to C$182.00 from C$175.00.
Canadian National Railway Co. (CNR:CA): TD Securities raised its price target to C$205.00 from C$191.00 while maintaining a Buy rating.
Canadian National Railway Co. (CNR:CA): Barclays Capital increased its price target to C$185.00 from C$155.00 while maintaining an Equal-Weight rating.
Canadian National Railway Co. (CNR:CA): Scotiabank raised its price target to C$199.00 from C$194.00 while maintaining a Outperform rating.
Canadian National Railway Co. (CNR:CA): ATB Cormark increased its price target to C$185.00 from C$166.00 while maintaining a Sector Perform rating.
Canadian National Railway Co. (CNR:CA): RBC Capital raised its price target to C$205.00 from C$195.00 while reiterating its Outperform rating.
Canadian National Railway Co. (CNR:CA): National Bank increased its price target to C$192.00 from C$173.00 while maintaining a Sector Perform rating.
Canadian National Railway Co. (CNR:CA): Raymond James raised its price target to C$200.00 from C$198.00 while maintaining an Outperform rating.
Canadian National Railway Co. (CNR:CA): Wells Fargo increased its price target to C$204.00 from C$190.00 while maintaining an Overweight rating.
Canadian National Railway Co. (CNR:CA): Desjardins Securities raised its price target to C$199.00 from C$185.00 while maintaining a Buy rating.
Canadian National Railway Co. (CNR:CA): TD Securities increased its price target to C$205.00 from C$191.00 while reiterating its Buy rating.
Capital Power Corp. (CPX:CA): Wells Fargo raised its price target to C$75.00 from C$72.00 while maintaining an Equal-Weight rating.
Choice Properties REIT (CHP.UN:CA): Scotiabank maintained its Outperform rating with a C$17.00 price target, down from C$17.50
Definity Financial Corp. (DFY:CA): National Bank raised its price target to C$96.00 from C$94.00 while maintaining an Outperform rating.
Definity Financial Corp. (DFY:CA): Jefferies increased its price target to C$91.00 from C$83.00 while maintaining a Buy rating.
Doman Building Materials (DBM:CA): Raymond James maintained its Outperform rating with a C$12.00 price target.
Fairfax Financial Holdings Ltd. (FFH:CA): National Bank raised its price target to C$3,450.00 from C$3,300.00 while maintaining an Outperform rating.
Fiera Capital Corp. (FSZ:CA): National Bank lowered its price target to C$5.50 from C$6.00 while maintaining a Sector Perform rating.
G Mining Ventures Corp. (GMIN:CA): Desjardins Securities maintained its Buy rating with a C$60.00 price target.
goeasy Ltd. (GSY:CA): National Bank raised its price target to C$43.00 from C$34.00 while maintaining a Sector Perform rating.
Headwater Exploration Inc. (HWX:CA): RBC Capital increased its price target to C$15.00 from C$14.00 while maintaining a Sector Perform rating.
IGM Financial Inc. (IGM:CA): National Bank raised its price target to C$91.00 from C$85.00 while maintaining an Outperform rating.
Intact Financial Corp. (IFC:CA): National Bank increased its price target to C$379.00 from C$372.00 while maintaining an Outperform rating.
Intact Financial Corp. (IFC:CA): Jefferies raised its price target to C$351.00 from C$343.00 while maintaining a Buy rating.
Interfor Corp. (IFP:CA): Raymond James increased its price target to C$17.00 from C$13.00 while maintaining an Outperform rating.
K92 Mining Inc. (KNT:CA): Desjardins Securities maintained its Buy rating with a C$36.00 price target.
Lundin Gold Inc. (LUG:CA): Desjardins Securities lowered its price target to C$100.00 from C$105.00 while maintaining a Buy rating.
Maple Leaf Foods Inc. (MFI:CA): CIBC maintained its Outperform rating with a C$36.00 price target.
Orla Mining Ltd. (OLA:CA): Desjardins Securities lowered its price target to C$29.00 from C$30.00 while maintaining a Buy rating.
Ovintiv Inc. (OVV:CA): RBC Capital raised its price target to C$120.00 from C$99.00 while maintaining an Outperform rating.
Power Corporation of Canada (POW:CA): National Bank increased its price target to C$102.00 from C$85.00 while maintaining a Sector Perform rating.
Stella-Jones Inc. (SJ:CA): Raymond James lowered its price target to C$90.00 from C$95.00 while maintaining an Outperform rating.
TMX Group Ltd. (X:CA): National Bank reduced its price target to C$63.00 from C$65.00 while maintaining an Outperform rating.
Trisura Group Ltd. (TSU:CA): National Bank raised its price target to C$60.00 from C$59.00 while maintaining an Outperform rating.
Vital Infrastructure Property Trust (VITL.UN:CA): TD Securities maintained its Hold rating with a C$6.00 price target.
Western Forest Products Inc. (WEF:CA): Raymond James raised its price target to C$20.00 from C$12.50 while maintaining a Market Perform rating.
WSP Global Inc. (WSP:CA): Scotiabank maintained its Outperform rating with a C$281.00 price target.
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