Analyst Ratings (Canada)
Today’s analyst sentiment was broadly positive across industrials, infrastructure, energy, mining and technology, with several new coverage initiations carrying BUY ratings. Energy names saw several upward target revisions, particularly Enbridge, while TC Energy received an upgrade to BUY. The forestry and materials sectors also saw positive target revisions for Canfor, Interfor and West Fraser, although some commodity-related names received target reductions. Technology was more mixed, with multiple analysts lowering targets on Evertz Technologies despite maintaining generally positive ratings.
49 Analyst Updates
AGF Management Ltd. (AGF.B:CA) — TD Securities lowered its price target to $23.00 from $24.00, while maintaining a BUY rating.
AtkinsRéalis Group (ATRL:CA) — TD Securities maintained a BUY rating with a $118.00 price target.
BCE-Inc. (BCE:CA) — TD Securities upgraded the stock to BUY and raised its price target to $40.00 from $37.00.
BCE-Inc. (BCE:CA) — CIBC maintained an OUTPERFORM rating with a $39.00 price target.
BCE-Inc. (BCE:CA) — Scotiabank maintained an OUTPERFORM rating with a $40.00 price target.
Bird Construction Inc. (BDT:CA) — CIBC maintained an OUTPERFORM rating with an $83.00 price target.
Blue Moon Metals Inc. (MOON:CA) — Scotiabank maintained an OUTPERFORM rating with a $14.00 price target.
Boyd Group Services Inc. (BYD:CA) — RBC Capital lowered its price target to $224.00 from $236.00, while maintaining an OUTPERFORM rating.
Brookfield Corp. (BN:CA) — TD Securities maintained a BUY rating with a $61.00 price target.
Builders Capital Mortgage Corp. (BCF:CA) — Fundamental Research initiated coverage with a BUY rating and a $10.80 price target.
Calian Group Ltd. (CGY:CA) — National Bank initiated coverage with an OUTPERFORM rating and a $100.00 price target.
Canfor Corp. (CFP:CA) — Raymond James raised its price target to $21.00 from $17.00 and maintained a STRONG BUY rating.
Cardinal Energy Ltd. (CJ:CA) — CIBC lowered its price target to $15.25 from $15.75, while maintaining an OUTPERFORM rating.
Cineplex Inc. (CGX:CA) — RBC Capital raised its price target to $15.00 from $14.00 and maintained an OUTPERFORM rating.
Dri Healthcare Trust (DHT-UN:CA) — CIBC maintained an OUTPERFORM rating with a $21.00 price target.
Element Fleet Management Corp. (EFN:CA) — CIBC maintained an OUTPERFORM rating with a $41.00 price target.
Enbridge Inc. (ENB:CA) — TD Securities upgraded the stock to BUY, with an $81.00 price target versus $82.00 previously.
Enbridge Inc. (ENB:CA) — National Bank raised its price target to $82.00 from $81.00 and maintained an OUTPERFORM rating.
Enbridge Inc. (ENB:CA) — BMO raised its price target to $79.50 from $79.00 and maintained an OUTPERFORM rating.
Enbridge Inc. (ENB:CA) — Raymond James raised its price target to $80.00 from $79.00 and maintained a MARKET PERFORM rating.
Enbridge Inc. (ENB:CA) — ATB Cormark raised its price target to $84.00 from $83.00 and maintained an OUTPERFORM rating.
Enbridge Inc. (ENB:CA) — CIBC raised its price target to $79.00 from $78.00 and maintained an OUTPERFORM rating.
Enbridge Inc. (ENB:CA) — Scotiabank maintained an OUTPERFORM rating with an $84.00 price target.
Ero Copper Corp. (ERO:CA) — TD Securities maintained a HOLD rating with a $45.00 price target.
Ero Copper Corp. (ERO:CA) — Scotiabank maintained an OUTPERFORM rating with a $55.00 price target.
Evertz Technologies Ltd. (ET:CA) — BMO lowered its price target to $17.00 from $18.00, while maintaining an OUTPERFORM rating.
Evertz Technologies Ltd. (ET:CA) — Raymond James lowered its price target to $16.50 from $18.00, while maintaining an OUTPERFORM rating.
Evertz Technologies Ltd. (ET:CA) — RBC Capital lowered its price target to $16.00 from $17.00 and maintained a SECTOR PERFORM rating.
Evertz Technologies Ltd. (ET:CA) — Canaccord Genuity lowered its price target to $15.00 from $18.00 and maintained a HOLD rating.
G Mining Ventures (GMIN:CA) — CIBC maintained an OUTPERFORM rating with a $57.00 price target.
Hemlo Mining Corp. (HMMC:CA) — CIBC maintained an OUTPERFORM rating with a $10.00 price target.
Highlander Silver Corp. (HSLV:CA) — CIBC maintained an OUTPERFORM rating with a $12.00 price target.
Hudbay Minerals Inc. (HBM:CA) — TD Securities maintained a BUY rating with a $43.00 price target.
Interfor Corp. (IFP:CA) — Raymond James raised its price target to $21.00 from $17.00 and maintained a STRONG BUY rating.
Kraken Robotics Inc. (PNG:CA) — RBC Capital initiated coverage with an OUTPERFORM rating and a $6.00 price target.
MDA-Space Ltd. (MDA:CA) — National Bank initiated coverage with an OUTPERFORM rating and a $55.00 price target.
MTY-Food Group Inc. (MTY:CA) — National Bank lowered its price target to $40.00 from $43.00, while maintaining an OUTPERFORM rating.
Orezone Gold Corp. (ORE:CA) — CIBC maintained a NEUTRAL rating with a $3.50 price target.
Quebecor Inc. (QBR.B:CA) — Raymond James raised its price target to $75.00 from $72.00 and maintained an OUTPERFORM rating.
RioCan REIT (REI.UN:CA) — TD Securities maintained a BUY rating with a $26.00 price target.
Rocket Doctor AI (AIDR:CA) — Fundamental Research initiated coverage with a BUY rating and a $1.26 price target.
Skeena Resources Ltd. (SKE:CA) — RBC Capital initiated coverage with an OUTPERFORM rating and a $64.00 price target.
Suncor Energy Inc. (SU:CA) — TD Securities maintained a BUY rating with a $116.00 price target.
Talamore Mining Corp. (TALA:CA) — BMO initiated coverage with an OUTPERFORM rating and a $15.00 price target.
TC Energy Corp. (TRP:CA) — TD Securities upgraded the stock to BUY with a $102.00 price target.
West Fraser Timber Co. Ltd. (WFG:CA) — Raymond James raised its price target to $118.50 from $104.50 and maintained an OUTPERFORM rating.
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