Analyst Ratings (Canada)
The overall analyst outlook remains moderately bullish, with financials continuing to show constructive sentiment through widespread target increases, although mostly Neutral ratings suggest analysts see more limited valuation upside. Transportation and industrials are also positive, supported by higher targets and Buy or Outperform ratings. Mining and materials have some of the strongest momentum, with multiple target increases and improving sector sentiment, which is also reflected in recent TSX performance. Real estate remains more neutral, while cannabis and smaller technology stocks are mixed, with positive ratings offset by several target reductions. Overall, analysts appear to favour established, cash-generating sectors while maintaining greater caution toward higher-risk and speculative stock positions.
25 Analyst UpdatesÂ
Air Canada (AC:CA): Stifel Nicolaus raised its price target to C$38.00 from C$30.00 and maintained a Buy rating. Scotiabank raised its target to C$37.50 from C$33.50 and maintained a Outperform rating.
Alimentation Couche-Tard (ATD:CA): Scotiabank lowered its price target to C$104.00 from C$107.00 while maintaining a Outperform rating.
Aurora Cannabis (ACB:CA): ATB Cormark lowered its target to C$5.60 from C$6.50 with a Tender rating.
Bank of Montreal (BMO:CA): CIBC raised its target to C$272.00 from C$244.00 while maintaining a Neutral rating.
Bank of Nova Scotia (BNS:CA): CIBC raised its target to C$136.00 from C$122.00 while maintaining a Neutral rating.
BRP (DOO:CA): TD Securities raised its target to C$106.00 from C$92.00 and maintained Buy.
Cadillac Mines (CADY:CA): CIBC initiated coverage with an Outperformer rating and a C$13.00 target, National Bank initiated with an Outperform rating and a C$10.50 target, and Ventum Financial initiated with a Buy rating and an C$11.00 target.
Canadian Net REIT (NET.UN:CA): CIBC raised its target to C$7.25 from C$7.00 while maintaining Neutral.
CT Real Estate Investment Trust (CRT.UN:CA): RBC Capital raised its target to C$19.00 from C$18.50 while maintaining a Sector Perform rating.
Decibel Cannabis (DB:CA): TD-Securities maintained its Buy rating with a C$0 target.
EQB-Inc. (EQB:CA): CIBC raised its target to C$165.00 from C$151.00 while maintaining a Outperform rating.
IsoEnergy (ISO:CA): TD-Securities maintained its Buy rating and raised its target to C$19.00 from C$18.00.
NowVertical Group (NOW:CA): Ventum Financial lowered its target to C$0.30 from C$0.42 while maintaining a Buy rating.
Omai Gold Mines (OMG:CA): CIBC maintained its Outperform rating with a C$4.50 target.
Royal Bank of Canada (RY:CA): CIBC raised its target to C$311.00 from C$279.00 while maintaining a Neutral rating.
Tilray Inc. (TLRY:CA): TD-Securities maintained its Buy rating with a C$5.00 target.
Toronto-Dominion Bank (TD:CA): CIBC World Markets raised its target to C$184.00 from C$164.00 while maintaining a Neutral rating.
Transcontinental (TCL-A:CA): TD-Securities maintained its Buy rating with a C$8.00 target.
Wesdome Gold Mines (WDO:CA): BMO Capital Markets raised its target to C$34.00 from C$30.00 with a Market Perform rating, National Bank raised its target to C$40.00 from C$34.50, and Desjardins Securities raised its target to C$40.00 from C$34.00 with a Buy rating.
WSP-Global (WSP:CA): TD-Securities maintained its Buy rating with a C$255.00 target.
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