Analyst Ratings (Canada)
Today’s analyst outlook is moderately bullish, led by strong positive sentiment toward Canadian financials, where multiple target increases for the major banks reflect confidence in earnings, capital markets activity and wealth-management growth, with some ratings indicating increasing valuation sensitivity. Recent bank earnings have generally exceeded expectations, but elevated valuations remain a key risk. Energy and infrastructure also remain positive, supported by positive revisions for natural gas producers and pipeline companies. Technology and healthcare growth stocks received selective positive attention, while uranium and resource exploration remain supported by new “Buy” ratings and favorable commodity expectations. The most mixed area is among smaller growth and cyclical companies, where several analysts issued target reductions despite maintaining positive ratings. Overall, analysts continue to favour high-quality financials, energy infrastructure and selected resource companies, while becoming increasingly selective on valuation and execution risk.
32 Analyst Updates
Advantage Energy Ltd. (AAV:CA): Scotiabank raised its target price to $15.50 and maintained an Outperform rating.
Canadian Imperial Bank of Commerce (CM:CA): RBC Capital raised its target price to $176.00 from $167.00 and maintained an Outperform rating.
Canadian Imperial Bank of Commerce (CM:CA): Canaccord Genuity raised its target price to $169.00 from $168.00 and maintained a Hold rating.
Canadian Imperial Bank of Commerce (CM:CA): Desjardins Securities lowered its target price to $170.00 from $173.00 and maintained a Hold rating.
Canadian Imperial Bank of Commerce (CM:CA): TD-Securities raised its target price to $175.00 and maintained a Buy rating.
Canadian Imperial Bank of Commerce (CM:CA): Scotiabank raised its target price to $84.00 and maintained a Sector Perform rating.
Enbridge Inc. (ENB:CA): CIBC raised its target price to $78.00 from $77.00 and maintained an Outperform rating.
Enbridge Inc. (ENB:CA): Scotiabank raised its target price to $84.00 and maintained an Outperform rating.
EQB-Inc. (EQB:CA): CIBC lowered its target price to $154.00 from $165.00 and maintained an Outperform rating.
EQB-Inc. (EQB:CA): Desjardins Securities lowered its target price to $150.00 from $155.00 and maintained a Buy rating.
EQB-Inc. (EQB:CA): RBC Capital raised its target price to $146.00 from $131.00 and maintained an Outperform rating.
EQB-Inc. (EQB:CA): Raymond James lowered its target price to $120.00 from $136.00 and maintained an Underperform rating.
EQB-Inc. (EQB:CA): Scotiabank raised its target price to $141.00 and maintained a Sector Perform rating.
GFL-Environmental Inc. (GFL:CA): Scotiabank raised its target price to $77.00 and maintained an Outperform rating.
Goldsky Resources Corp. (GSKR:CA): Desjardins Securities assigned a Buy rating with a $7.00 target price.
Kraken Robotics Inc. (PNG:CA): Scotiabank raised its target price to $12.00 and maintained an Outperform rating.
Kraken Robotics Inc. (PNG:CA): Raymond James lowered its target price to $8.00 from $11.00 while maintaining an Outperform rating.
Kraken Robotics Inc. (PNG:CA): Desjardins Securities set a $13.00 target price and maintained a Buy rating.
Royal Bank of Canada (RY:CA): Canaccord Genuity raised its target price to $318.00 from $310.00 and maintained a Buy rating.
Royal Bank of Canada (RY:CA): Scotiabank raised its target price to $312.00 from $311.00 and maintained a Sector Outperform rating.
Royal Bank of Canada (RY:CA): TD-Securities lowered its target price to $306.00 from $307.00 while maintaining a Buy rating.
Royal Bank of Canada (RY:CA): National Bank raised its target price to $321.00 from $318.00 and maintained an Outperform rating.
Skyharbour Resources Ltd. (SYH:CA): Ventum Capital assigned a Buy rating with a $0.75 target price.
Toronto-Dominion Bank (TD:CA): Jefferies & Co. raised its target price to $164.00 from $159.00.
Toronto-Dominion Bank (TD:CA): RBC Capital raised its target price to $173.00 from $156.00 and maintained an Outperform rating.
Toronto-Dominion Bank (TD:CA): CIBC World Markets raised its target price to $187.00 from $184.00 and maintained a Neutral rating.
Toronto-Dominion Bank (TD:CA): Scotiabank raised its target price to $187.00 from $180.00 and maintained a Outperform rating.
Toronto-Dominion Bank (TD:CA): Barclays Capital raised its target price to $167.00 from $164.00 and maintained an Underweight rating.
Toronto-Dominion Bank (TD:CA): Canaccord Genuity raised its target price to $197.00 from $185.00 and maintained a Buy rating.
Toronto-Dominion Bank (TD:CA): National Bank raised its target price to $196.00 from $190.00 and maintained an Outperform rating.
Vitalhub Corp. (VHI:CA): Canaccord Genuity raised its target price to $15.00 and maintained a Buy rating.
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