Analyst Ratings Canada
Today’s analyst coverage remains moderately bullish, with the strongest conviction concentrated in industrials, mining and financials, where several companies received higher price targets alongside Buy or Outperform ratings. Energy and utilities also remain constructive, while technology and communications are broadly positive despite some selective target reductions. Real estate is the weakest and most mixed sector, with some target increases in office and retail REITs offset by multiple target cuts in residential real estate. Overall, the balance of rating actions and target revisions suggests a positive but selective outlook for Canadian equities, with analysts favouring companies with strong earnings momentum, attractive valuations and identifiable catalysts.
42 Analyst Updates
AGT Food and Ingredients Inc. (AGTF:CA): Scotiabank maintained an Outperform rating with a C$20.00 price target.
Air Canada (AC:CA): Scotiabank raised its price target to $33.50 from $26.00 while maintaining a Sector Outperform rating.
Air Canada (AC:CA): CIBC maintained an Outperform rating with a $26.00 price target.
Alaris Equity Partners Income Trust (AD.UN:CA): CIBC raised its price target to $29.50 from $28.00 while maintaining an Outperform rating.
Altius Minerals Corp. (ALS:CA): Canaccord Genuity raised its price target to $70.00 from $60.00.
Atrium Mortgage Investment (AI:CA): Fundamental Research initiated coverage with a Buy rating and a $12.80 price target.
B2Gold Corporation (BTO:CA): CIBC raised its price target to $10.00 from $9.00 while maintaining an Outperform rating.
Barrick Mining (ABX:CA): TD Securities lowered its price target to $82.00 from $85.00 while maintaining a Buy rating.
Barrick Mining Corp. (ABX:CA): National Bank raised its price target to $70.00 from $67.50 while maintaining an Outperform rating.
Barrick Mining Corp. (ABX:CA): ATB Cormark lowered its price target to $57.00 from $60.00 while maintaining a Sector Perform rating.
Barrick Mining Corp. (ABX:CA): Raymond James lowered its price target to $56.00 from $58.00 while maintaining an Outperform rating.
Barrick Mining Corporation (ABX:CA): CIBC maintained an Outperform rating with an $89.00 price target.
BCE-Inc. (BCE:CA): Bank of America raised its price target to $53.00 from $47.00 while maintaining a Buy rating.
Blue Moon Metals Inc. (MOON:CA): Scotiabank maintained an Outperform rating with a C$14.00 price target.
Calfrac Well Services Ltd. (CFW:CA): ATB Cormark raised its price target to $9.00 from $7.50 while maintaining an Outperform rating.
Canaccord Genuity Group Inc. (CF:CA): TD Securities raised its price target to $18.00 from $16.00 while maintaining a Buy rating.
Canadian Apartment Properties REIT (CAR.UN:CA): ATB Cormark lowered its price target to $43.00 from $48.00 while maintaining an Outperform rating.
Canadian Tire Corporation Ltd. (CTC.A:CA): Desjardins Securities raised its price target to $217.00 from $200.00 while maintaining a Buy rating.
CT REIT (CRT.UN:CA): Scotiabank maintained an Outperform rating with a C$18.50 price target.
CT REIT (CRT.UN:CA): CIBC maintained a Neutral rating with an $18.50 price target.
Discovery Mining Ltd. (DSV:CA): Scotiabank maintained an Outperform rating with a C$15.00 price target.
Dream Office REIT (D.UN:CA): Desjardins Securities raised its price target to $20.00 from $18.50 while maintaining a Hold rating.
Dream Office REIT (D.UN:CA): TD Securities raised its price target to $19.00 from $18.50 while maintaining a Hold rating.
Dream Office REIT (D.UN:CA): Scotiabank raised its price target to C$21.00 while maintaining a Sector Perform rating.
DRI Healthcare Trust (DHT.UN:CA): Stifel Nicolaus raised its price target to $26.00 from $25.00 while maintaining a Buy rating.
DRI Healthcare Trust (DHT.U:CA): Scotiabank maintained an Outperform rating with a $30.00 price target.
Element Fleet Management Corporation (EFN:CA): Scotiabank maintained an Outperform rating with a C$41.00 price target.
Finning International Inc. (FTT:CA): Scotiabank maintained an Outperform rating with a C$118.00 price target.
Gold X2 Mining Inc. (AUXX:CA): Stifel Nicolaus initiated coverage with a Buy rating and a $15.00 price target.
K92 Mining Inc. (KNT:CA): Scotiabank maintained an Outperform rating with a C$32.00 price target.
Nexus Industrial REIT (NXR.UN:CA): CIBC raised its price target to $8.50 from $8.00 while maintaining a Neutral rating.
Northland Power Inc. (NPI:CA): CIBC maintained an Outperform rating with a $26.00 price target.
Northview Residential REIT (NRR.UN:CA): Desjardins Securities lowered its price target to $17.50 from $18.00 while maintaining a Hold rating.
Northview Residential REIT (NRR.UN:CA): RBC Capital lowered its price target to $17.00 from $17.50 while maintaining a Sector Perform rating.
Northview Residential REIT (NRR.UN:CA): National Bank lowered its price target to $17.75 from $18.00 while maintaining a Sector Perform rating.
Parkit Enterprise Inc. (PKT:CA): Scotiabank maintained a Sector Perform rating with a C$10.50 price target.
Russel Metals Inc. (RUS:CA): TD Securities raised its price target to $94.00 from $68.00 while maintaining a Buy rating.
Russel Metals Inc. (RUS:CA): Scotiabank raised its price target to C$89.00 while maintaining an Outperform rating.
Savaria Corporation (SIS:CA): Scotiabank maintained an Outperform rating with a C$35.00 price target.
Slate Grocery REIT (SGR.U:CA): Scotiabank maintained a Sector Perform rating with a $12.00 price target.
SmartCentres REIT (SRU.UN:CA): Scotiabank raised its price target to C$28.75 while maintaining a Sector Perform rating.
Stingray Group Inc. (RAY.A:CA): CIBC lowered its price target to $19.00 from $20.00 while maintaining an Outperform rating.
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