Analyst Ratings (Canada)
Canadian analyst scoverage for today remains bullish, with the strongest confidence centered on financials, where banks and insurers saw multiple price target increases reflecting resilient earnings and stable capital positions. Energy and materials maintained a positive outlook despite a few target reductions, as analysts continue to favour companies with strong cash flow and commodity leverage. Industrials, infrastructure, and transportation also remained well supported, with most firms reiterating Outperform or Buy ratings. Technology sentiment stayed positive, led by continued confidence in software and space-related companies, while REITs and utilities were viewed as stable income plays with generally maintained ratings. Overall, the day’s analyst activity suggests a moderately bullish outlook for the Canadian market, with selective optimism driven by earnings strength and long-term growth prospects despite some valuation-related target adjustments.
68 Analyst Updates
5N Plus Inc. (VNP:CA): Desjardins Securities lowered its price target to $45.00 from $50.00 while maintaining a Buy rating.
5N Plus Inc. (VNP:CA): Scotiabank lowered its price target to $35.00 from $48.00 while maintaining a Outperform rating.
5N Plus Inc. (VNP:CA): Raymond James maintained a Strong Buy rating with a $45.00 price target.
5N Plus Inc. (VNP:CA): National Bank lowered its price target to $45.00 from $50.00 while maintaining an Outperform rating.
Akita Drilling Ltd. (AKT:CA): ATB Cormark lowered its price target to $4.25 from $5.00 while maintaining a Sector Perform rating.
Aurora Cannabis (ACB:CA): TD Securities maintained its Buy rating with an $8.00 price target.
Bank of Montreal (BMO:CA): Desjardins Securities raised its price target to $260.00 from $230.00 while maintaining a Hold rating.
Bank of Nova Scotia (BNS:CA): Desjardins Securities raised its price target to $125.00 from $115.00 while maintaining a Hold rating.
Brookfield Asset Management Ltd. (BAM:CA): TD Securities maintained its Buy rating with a $70.00 price target.
Brookfield Renewable Partners L.P. (BEP-UN:CA): National Bank lowered its price target to $52.00 from $55.00 while maintaining an Outperform rating.
Canada Goose (GOOS:CA): Bank of America maintained its Buy rating with a $15.00 price target.
Canada Packers Inc. (CPKR:CA): TD Securities maintained its Buy rating with a $24.00 price target.
Canadian Pacific Kansas City Ltd. (CP:CA): CIBC maintained its Outperform rating with a $143.00 price target.
Chorus Aviation (CHR:CA): CIBC maintained its Outperform rating with a $31.00 price target.
CIBC (CM:CA): Desjardins Securities raised its price target to $173.00 from $160.00 while maintaining a Hold rating.
Constellation Software Inc. (CSU:CA): CIBC maintained its Outperform rating with a $4,000.00 price target.
Dexterra Group Inc. (DXT:CA): Scotiabank raised its price target to $14.50 from $14.00 while maintaining a Sector Perform rating.
Dominion Lending Centres Inc. (DLCG:CA): ATB Cormark raised its price target to $13.50 from $11.50 while maintaining an Outperform rating.
Dream Industrial REIT (DIR-UN:CA): CIBC maintained its Outperform rating with a $15.00 price target.
Dream Industrial REIT (DIR.UN:CA): Scotiabank maintained its Outperform rating with a C$16.50 price target.
Eldorado Gold Corp. (ELD:CA): National Bank raised its price target to $69.00 from $65.00 while maintaining an Outperform rating.
EQB Inc. (EQB:CA): Desjardins Securities raised its price target to $155.00 from $132.00 while maintaining a Buy rating.
Equinox Gold Corp. (EQX:CA): CIBC lowered its price target to $24.00 from $27.00 while maintaining an Outperform rating.
George Weston Ltd. (WN:CA): Scotiabank raised its price target to C$112.00 while maintaining a Sector Perform rating.
iA Financial Corporation Inc. (IAG:CA): National Bank raised its price target to $216.00 from $205.00 while maintaining a Sector Perform rating.
iA Financial Corporation Inc. (IAG:CA): TD Securities raised its price target to $218.00 from $214.00 while maintaining a Hold rating.
iA Financial Corporation Inc. (IAG:CA): CIBC maintained its Outperform rating with a $208.00 price target.
Imperial Oil Ltd. (IMO:CA): Scotiabank lowered its price target to $156.00 from $159.00 while maintaining a Sector Perform rating.
Imperial Oil Ltd. (IMO:CA): TD Securities raised its price target to $151.00 from $150.00 while maintaining a Sell rating.
Imperial Oil Ltd. (IMO:CA): National Bank lowered its price target to $209.00 from $214.00 while maintaining a Sector Perform rating.
Imperial Oil Ltd. (IMO:CA): TD Securities raised its price target to $151.00 from $150.00 while maintaining a Sell rating.
Laurentian Bank of Canada (LB:CA): Desjardins Securities maintained its Tender rating with a $40.50 price target.
Lumine Group Inc. (LMN:CA): Desjardins Securities raised its price target to $38.00 from $36.00 while maintaining a Buy rating.
Lumine Group Inc. (LMN:CA): TD Securities raised its price target to $42.00 from $39.00 while maintaining a Buy rating.
Maple Leaf Foods Inc. (MFI:CA): TD Securities maintained its Buy rating with a $42.00 price target.
Martinrea International Inc. (MRE:CA): TD Securities raised its price target to $16.00 from $15.00 while maintaining a Buy rating.
Martinrea International Inc. (MRE:CA): CIBC maintained its Outperform rating with a $12.50 price target.
MDA Space Ltd. (MDA:CA): CIBC maintained its Outperform rating with a $59.00 price target.
Metro Inc. (MRU:CA): TD Securities maintained its Buy rating with a $106.00 price target.
National Bank of Canada (NA:CA): Desjardins Securities raised its price target to $238.00 from $217.00 while maintaining a Hold rating.
Nutrien Ltd. (NTR:CA): TD Securities maintained its Buy rating with a $116.00 price target.
RB Global Inc. (RBA:CA): RBC Capital raised its price target to $213.00 from $210.00 while maintaining an Outperform rating.
RB Global Inc. (RBA:CA): National Bank raised its price target to $186.00 from $185.00 while maintaining an Outperform rating.
RB Global Inc. (RBA:CA): CIBC raised its price target to $189.00 from $188.00 while maintaining an Outperform rating.
RioCan REIT (REI-UN:CA): CIBC maintained its Outperform rating with a $24.00 price target.
RioCan REIT (REI.UN:CA): Scotiabank maintained its Sector Perform rating with a C$22.25 price target.
RioCan REIT (REI-UN:CA): TD Securities maintained its Buy rating with a $26.00 price target.
Rockpoint Gas Storage Inc. (RGSI:CA): CIBC maintained its Outperform rating with a $33.00 price target.
Rockpoint Gas Storage Inc. (RGSI:CA): TD Securities maintained its Hold rating with a $32.00 price target.
Royal Bank of Canada (RY:CA): Desjardins Securities raised its price target to $320.00 from $275.00 while maintaining a Buy rating.
Saturn Oil & Gas Inc. (SOIL:CA): Ventum Financial maintained its Buy rating with a $9.00 price target.
Shopify Inc. (SHOP:CA): TD Securities maintained its Buy rating with a $223.00 price target.
Sienna Senior Living Inc. (SIA:CA): CIBC maintained its Outperform rating with a $25.00 price target.
Sienna Senior Living Inc. (SIA:CA): Scotiabank maintained its Outperform rating with a C$26.00 price target.
Sprott Inc. (SII:CA): TD Securities maintained its Hold rating with a $170.00 price target.
SSR Mining Inc. (SSRM:CA): CIBC maintained its Outperform rating with a $67.00 price target.
SSR Mining Inc. (SSRM:CA): Scotiabank maintained its Outperform rating with a C$60.00 price target.
Suncor Energy Inc. (SU:CA): BMO Capital Markets raised its price target to $105.00 from $100.00.
Suncor Energy Inc. (SU:CA): CIBC maintained its Outperform rating with a $110.00 price target.
Suncor Energy Inc. (SU:CA): Scotiabank maintained its Outperform rating with a C$106.00 price target.
Telesat Corp. (TSAT:CA): ATB Cormark raised its price target to $118.00 from $99.00 while maintaining an Outperform rating.
Thomson Reuters Corp. (TRI:CA): TD Securities maintained its Buy rating with a $185.00 price target.
Thomson Reuters Corp. (TRI:CA): CIBC maintained its Outperform rating with a $174.00 price target.
Toronto-Dominion Bank (TD:CA): Desjardins Securities raised its price target to $183.00 from $160.00 while maintaining a Buy rating.
Viper Energy Partners LP (VNOM:CA): TD Securities raised its price target to $59.00 from $58.00 while maintaining a Buy rating.
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