Analyst Ratings (Canada)
Analyst outlook for the Canadian stock market remains moderately bullish but selective for today, with financials, industrials, infrastructure and transportation showing the strongest momentum, while energy and materials remain positive but more sensitive to commodity prices and volatility. The technology sector has solid growth potential but valuation risk, while real estate, consumer and utilities offer more cautious or defensive opportunities, suggesting continued sector rotation and greater emphasis on earnings growth and valuation.
52 Analyst Updates
Air Canada (AC:CA): Canaccord Genuity raised its target to $33 from $26, while JP Morgan raised its target to $36 from $23.
Alithya Group (ALYA:CA): Scotiabank assigned a Sector Perform rating with a $1.00 target.
ATS Corp. (ATS:CA): Scotiabank maintained the Outperform but lowered its target to $31 from $46.
AutoCanada (ACQ:CA): ATB Cormark raised its target to $23 from $21, maintaining Sector Perform.
Automotive Properties REIT (APR.UN:CA): ATB Cormark raised its target to $14 from $13.50 with Outperform; Desjardins Securities raised the target to $14 from $13 with a Buy; Raymond James raised it to $13.75 from $13.50 with a Outperform; and TD Securities raised the target to $13.50 from $13 with a Hold.
Bank of Montreal (BMO:CA): Scotiabank raised its target to $268 from $239, maintaining Outperform.
Bird Construction (BDT:CA): TD Securities raised its target to $85 from $72, maintaining a Buy.
Brookfield Renewable Partners (BEP-UN:CA): National Bank raised its target to approximately $53 from $51, maintaining Outperform.
BSR REIT (HOM.U:CA): Scotiabank assigned a Sector Perform with an approximately $18.0o target.
CAE (CAE:CA): RBC Capital raised its target to $46 from $38 and upgraded the rating to Outperform from Sector Perform.
CIBC Bank (CM:CA): Scotiabank raised its target to $174 from $157, maintaining Sector Perform.
Canadian Natural Resources (CNQ:CA): Jefferies raised its target to $70 from $64.
Cargojet (CJT:CA): Stifel Nicolaus raised its target to $125 from $120, maintaining Buy.
CCL Industries (CCL.B:CA): Stifel Nicolau raised its target to $115 from $105.
Celestica (CLS:CA): Scotiabank assigned a Outperform with a $693.50 target.
Cenovus Energy (CVE:CA): Jefferies raised its target to $51 from $49.
Chemtrade Logistics (CHE.UN:CA): Scotiabank assigned Sector Perform with a $19.00 target.
Dream Office REIT (D.UN:CA): RBC raised its target to $20 from $18.50, maintaining Sector Perform.
EQB (EQB:CA): Scotiabank raised its target to $141 from $125, maintaining Sector Perform.
GO Residential REIT (GO.U:CA): RBC raised its target to $13 from $11.50, maintaining Outperform.
High Liner Foods (HLF:CA): ATB Cormark raised its target to $21 from $19.50 with Speculative Buy; RBC raised it to $18 from $16 with a Sector Perform; Raymond James raised it to $16.50 from $15 with Market Perform; and Ventum Capital raised it to $16.50 from $15.50 with Neutral rating.
Lithium Americas (LAC:CA): National Bank and Scotiabank both lowered their targets to $6.25 from $6.50, and maintained their Sector Perform ratings, while TD Securities cut its target to $4.50 from $5.00 and maintained a Hold rating.
Mattr (MATR:CA): RBC raised its target sharply to $22 from $13.
Metalla Royalty & Streaming (MTA:CA): National Bank raised its target to $16.50 from $15, maintaining Outperform.
National Bank of Canada (NA:CA): Scotiabank raised its target to $241 from $222, maintaining Outperform.
NexGen Energy (NXE:CA): National Bank raised its target to $21 from $20, maintaining a Outperform.
Plaza Retail REIT (PLZ.UN:CA): RBC raised its target to $5.50 from $4.75, maintaining a Sector Perform.
Royal Bank of Canada (RY:CA): Scotiabank raised its target to $311 from $280, maintaining Sector Outperform.
Saputo (SAP:CA): Scotiabank assigned with a Outperform rating, with a $49.00 target.
Snowline Gold (SGD:CA): Scotiabank assigned Sector Outperform with a $23.00 target.
Suncor Energy (SU:CA): Jefferies lowered its target to $92 from $96.
Talon Metals (TLO:CA): TD Securities raised its target to $9 from $7.50, maintaining a Buy.
TerraVest Industries (TVK:CA): Desjardins Securities raised its target to $175 from $170 with Buy; National Bank raised it to $180 from $170 with Outperform; while Scotiabank lowered its target to $129 from $134 and moved to Sector Perform.Tidewater Midstream (TWM:CA): RBC raised its target to $30 from $18, maintaining Outperform.
Tidewater Renewables (LCFS:CA): RBC Capital raised its target to $25 from $12.50, maintaining Outperform.
TMX Group (X:CA): CIBC assigned a Outperform with a $65 target.
Toronto-Dominion Bank (TD:CA): Scotiabank raised its target to $180 from $169, maintaining a Outperform.
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