Analyst Ratings (Canada)
Today’s overall analyst outlook is moderately bullish but selective, with financials remaining well supported, but some caution around valuations, while technologyand industrials sectors see higher valuation forecasts. Mining and precious metals remain broadly positive, although the sector sis see some stock-specific caution with target reductions, and Consumer stocks remained more mixed. Overall, the latest analyst activity favours banks, technology/industrial leaders and selected mining names, while valuation and company-specific risks are keeping sentiment from being broadly bullish.
19 Analyst UpdatesÂ
Bank of Montreal (BMO:CA): National Bank maintained its Sector Perform rating with a $278.00 price target.
Bank of Nova Scotia (BNS:CA): National Bank maintained its Sector Perform rating with a $128.00 price target.
Canada Goose Holdings (GOOS:CA): Wells Fargo maintained its Underweight rating with a $10.00 price target.
Canadian Imperial Bank of Commerce (CM:CA): National Bank maintained its Sector Perform rating with a $180.00 price target.
Celestica (CLS:CA): UBS Securities upgraded to a Buy rating and raised its price target to $595.00 from $568.00.
Denison Mines (DML:CA): Ventum Financial maintained its Buy rating with a $5.50 price target.
Descartes Systems Group (DSG:CA): CIBC maintained its Outperform rating with a $163.00 price target, while TD Securities maintained its Buy rating with a $167.00 price target.
Dollarama (DOL:CA): CIBC maintained its Buy rating with a $227.00 price target.
Endeavour Silver (EDR:CA): TD-Securities maintained its Buy rating with a $15.00 price target.
Itafos (IFOS:CA): Raymond James maintained its Outperform rating but lowered its price target to $3.75 from $4.50.
Lithium Argentina (LAR:CA): TD-Securities maintained its Buy rating with a $12.00 price target.
Lundin Mining (LUN:CA): ATB Cormark maintained its Outperform rating but lowered its price target to $41.50 from $42.50.
Restaurant Brands International (QSR:CA): Robert W. Baird maintained its Neutral rating and raised its price target to $118.00 from $111.00.
Rogers Communications (RCI.B:CA): Desjardins Securities maintained its Hold rating with a $58.00 price target.
Royal Bank of Canada (RY:CA): National Bank maintained its Outperform rating with a $318.00 price target.
Toronto-Dominion Bank (TD:CA): National Bank maintained its Outperform rating with a $190.00 price target.
Westport Fuel Systems (WPRT:CA): ATB Cormark downgraded the stock to Speculative Buy with a $3.65 price target.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.