Analyst Ratings —Canada
The latest Canadian analyst updates point to a mixed and increasingly selective market outlook. Analysts remain relatively positive on mining, precious metals, alternative asset management and selected REITs, supported by commodity exposure, recurring asset-management revenues and income-oriented real estate valuations. Telecommunications and consumer discretionary stocks retain pockets of positive sentiment, although lower price targets indicate more conservative valuation assumptions. Sentiment is notably weaker across industrials, lithium, technology and media, where target reductions and downgrades reflect softer growth expectations, company-specific execution risks and valuation concerns.
Analyst Updates (15)
Ag Growth International Inc. (AFN:CA) — ATB Cormark maintained its Sector Perform rating and lowered its price target to C$11.00 from C$18.00.
Algonquin Power & Utilities Corp. (AQN:CA) — Barclays maintained its Overweight rating and lowered its price target to approximately C$8.51 from C$9.93, converted from US$6.00 and US$7.00.
Aritzia Inc. (ATZ:CA) — Canaccord Genuity maintained its Buy rating and lowered its price target to C$189.00 from C$193.00.
BCE-Inc. (BCE:CA) — National Bank maintained its Outperform rating and lowered its price target to C$36.00 from C$38.00.
Brookfield Asset Management Ltd. (BAM:CA) — TD Securities maintained its Buy rating with a C$99.00 price target.
Brookfield Renewable Partners (BEP-UN:CA) — National Bank maintained its Outperform rating with a price target of approximately C$53.91, converted from US$38.00.
BSR REIT (HOM-U:CA) — Scotiabank maintained its Sector Perform rating with a C$13.00 price target.
Dye & Durham Ltd. (DND:CA) — Raymond James maintained its Market Perform rating and lowered its price target to C$1.75 from C$4.00.
First Quantum Minerals Ltd. (FM:CA) — Scotiabank maintained its Outperform rating with a C$53.00 price target.
Onex Corp. (ONEX:CA) — BMO initiated coverage with an Outperform rating and a C$160.00 price target.
Primaris REIT (PMZ-UN:CA) — Scotiabank maintained its Sector Perform rating with a C$24.00 price target.
PRO Real Estate Investment Trust (PRV.UN:CA) — Desjardins Securities maintained its Buy rating with a C$7.50 price target.
Sigma Lithium Corp. (SGML:CA) — BMO downgraded the stock to Market Perform with a price target of approximately C$14.19, converted from US$10.00.
SSR Mining Inc. (SSRM:CA) — ATB Cormark maintained its Outperform rating and raised its price target to C$64.00 from C$59.00.
SSR Mining Inc. (SSRM:CA) — TD Securities maintained its Buy rating with a C$52.00 price target.
WildBrain Ltd. (WILD:CA) — RBC Capital maintained its Sector Perform rating and lowered its price target to C$1.50 from C$2.00.
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