Analyst Ratings (Canada)
Today’s analyst outlook is selectively positive across most sectors, with the strongest sentiment in energy, industrials, transportation, environmental services, mining, technology and growth-oriented companies where “Outperform” ratings dominated. Financials and Canadian banks carried a more cautious outlook, with analysts largely maintaining “Hold” ratings and issuing mixed target-price revisions, suggesting increased valuation concerns. Consumer staples and retail remained relatively constructive but selective, while forestry and materials maintained a positive outlook. Overall, analyst sentiment was moderately bullish, favouring sectors with stronger earnings visibility and growth potential while taking a more measured approach toward financials and valuation-sensitive industries.
33 Analyst Updates
Algoma Steel Group Inc. (ASTL:CA): RBC Capital maintained its Sector Perform rating with a $6.00 target price.
Alimentation Couche-Tard Inc. (ATD:CA): Scotiabank maintained its Outperform rating with a $104.00 target, while RBC Capital also maintained an Outperform rating with a $111.00 target.
Bank of Montreal (BMO:CA): Desjardins Securities maintained its Hold rating with a $260.00 target, while CIBC maintained a Neutral rating but lowered its target price to $261 from $271.
Bank of Nova Scotia (BNS:CA): Desjardins Securities maintained its Hold rating with a $130.00 target, while CIBC maintained a Neutral rating and raised its target price to $137 from $136.
Canadian Imperial Bank of Commerce (CM:CA): Desjardins Securities maintained its Hold rating with a $170.00 target price.
Cargojet Inc. (CJT:CA): CIBC maintained its Outperform rating with a $125.00 target price.
CCL Industries Inc. (CCL-B:CA): CIBC maintained its Outperform rating with a $113.00 target price.
Cenovus Energy Inc. (CVE:CA): Gerdes Energy Research downgraded the stock to a Hold from a Buy rating and setting a $69.00 target price.
Collective Mining Ltd. (CNL:CA): Scotiabank maintained its Outperform rating with a $35.00 target price.
Definity Financial Corp. (DFY:CA): CIBC maintained its Neutral rating with an $86.00 target price.
Descartes Systems Group Inc. (DSG:CA): CIBC maintained its Outperform rating with a $163.00 target price.
Empire Co. Ltd. (EMP.A:CA): National Bank maintained its Sector Perform rating and raised its target price to $56.00 from $55.00, while Scotiabank maintained its Sector Perform rating and lowered its target to $50.00 from $52.00.
EQB-Inc. (EQB:CA): Desjardins Securities maintained its Buy rating with a $150.00 target price.
GFL-Environmental Inc. (GFL:CA): Scotiabank maintained its Outperform rating with a $79.00 target price.
Healwell AI Inc. (AIDX:CA): Stifel Nicolaus maintained its Buy rating with a $2.25 target price.
High Tide Inc. (HITI:CA): TD Securities maintained its Buy rating with a $6.50 target price.
Kidoz Inc. (KDOZ:CA): Fundamental Research maintained its Buy rating with a $0.68 target price.
Methanex Corp. (MX:CA): Scotiabank maintained its Outperform rating with a $110.00 target price.
National Bank of Canada (NA:CA): Desjardins Securities maintained its Hold rating with a $230.00 target, while CIBC maintained an Outperform rating but lowered its target price to $242 from $249.
Pecoy Copper Corp. (PCU:CA): Scotiabank maintained its Outperform rating with a $4.00 target price.
Richelieu Hardware Ltd. (RCH:CA): CIBC maintained its Neutral rating with a $39.00 target price.
Royal Bank of Canada (RY:CA): Desjardins Securities maintained its Buy rating with a $320.00 target, while CIBC maintained a Neutral rating and lowered its target price to $300 from $311.
Suncor Energy Inc. (SU:CA): Scotiabank maintained its Outperform rating with a $106.00 target price.
Toronto-Dominion Bank (TD:CA): CIBC maintained its Neutral rating and raised its target price to $188 from $187, while Desjardins Securities maintained its Buy rating with a $183.00 target price.
West Fraser Timber Co. (WFG:CA): Scotiabank maintained its Outperform rating with a $124.50 target price.
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