Analyst Ratings (Canada)
Canadian analyst updates shows a cautious but selective market outlook for today, with target reductions outweighing increases across transportation, industrials, aerospace, financial services, and energy. The broader revisions suggest concerns over slowing economic growth, earnings visibility, operating costs, and pressure on corporate margins, particularly in economically sensitive sectors. However, selective optimism remains in infrastructure, engineering, construction, and certain materials-related industries, where investment demand and longer-term growth opportunities continue to support positive expectations. Financial services and insurance also faced downward revisions, reflecting a more conservative approach to valuations and earnings forecasts. Overall, analyst sentiment points toward a defensive and increasingly selective stock market, with a preference for sectors offering stable cash flows, resilient earnings, strong demand fundamentals, and sustainable growth prospects amid ongoing economic uncertainty.
Updates (73)
ADENTRA Inc. (ADEN:CA) — Scotiabank lowered its price target to C$43.00 from C$49.00.
Aecon Group Inc. (ARE:CA) — National Bank maintained its Outperform rating and raised its price target to $66.00 from $64.00.
Ag Growth International Inc. (AFN:CA) — National Bank maintained its Sector Perform rating and lowered its price target to $11.00 from $19.00.
Air Canada (AC:CA) — Scotiabank maintained its Sector Outperform rating and lowered its price target to $33.00 from $37.50.
Air Canada (AC:CA) — National Bank maintained its Outperform rating and lowered its price target to $37.00 from $40.00.
Athabasca Oil Corp. (ATH:CA) — Raymond James maintained its Market Perform rating and lowered its price target to $12.00 from $14.00.
AtkinsRéalis Group Inc. (ATRL:CA) — Scotiabank maintained its Sector Outperform rating and raised its price target to $114.00 from $105.00.
AtkinsRéalis Group Inc. (ATRL:CA) — National Bank maintained its Outperform rating with a $108.00 price target.
Atlas Salt Inc. (SALT:CA) — Raymond James maintained its Outperform rating with a $4.00 price target.
ATS-Corporation (ATS:CA) — Scotiabank lowered its price target to C$29.00 from C$31.00.
AutoCanada Inc. (ACQ:CA) — National Bank maintained its Sector Perform rating and lowered its price target to $21.00 from $23.00.
Bird Construction Inc. (BDT:CA) — Canaccord Genuity maintained its Hold rating with an $83.00 price target.
Bombardier Inc. (BBD.B:CA) — Scotiabank maintained its Sector Outperform rating and lowered its price target to $370.00 from $380.00.
Boyd Group Services Inc. (BYD:CA) — Scotiabank lowered its price target to C$175.00 from C$210.00.
Brookfield Business Corporation (BBUC:CA) — RBC Dominion Securities maintained its Outperform rating and lowered its price target to $48.00 from $57.00.
BRP Inc. (DOO:CA) — Scotiabank lowered its price target to C$87.00 from C$92.00.
CAE-Inc. (CAE:CA) — Scotiabank maintained its Sector Outperform rating and lowered its price target to $48.00 from $50.00.
Canadian National Railway Company (CNR:CA) — Scotiabank maintained its Sector Outperform rating and lowered its price target to $198.00 from $199.00.
Canadian National Railway Company (CNR:CA) — ATB Cormack maintained its Sector Perform rating and raised its price target to $190.00 from $185.00.
Canadian Natural Resources Ltd. (CNQ:CA) — Raymond James maintained its Market Perform rating and lowered its price target to $69.00 from $70.00.
Canadian Pacific Kansas City Ltd. (CP:CA) — ATB Cormack maintained its Outperform rating and raised its price target to $146.00 from $143.00.
Cascades Inc. (CAS:CA) — Scotia Capital maintained its Sector Outperform rating with a $108.00 price target.
CES Energy Solutions Corp. (CEU:CA) — Scotiabank raised its price target to C$22.50 from C$22.00.
Chorus Aviation Inc. (CHR:CA) — Scotiabank maintained its Sector Outperform rating and raised its price target to $37.00 from $33.50.
Colliers International Group Inc. (CIGI:CA) — National Bank maintained its Outperform rating and lowered its price target to $154.50 from $156.00.
Critical Elements Lithium Corp. (CRE:CA) — Canaccord Genuity maintained its Hold rating and lowered its price target to $0.35 from $0.85.
Definity Financial Corporation (DFY:CA) — RBC Dominion Securities maintained its Outperform rating and lowered its price target to $87.00 from $94.00.
Dexterra Group Inc. (DXT:CA) — Scotiabank raised its price target to C$15.50 from C$14.50.
Element Fleet Management Corp. (EFN:CA) — RBC Dominion Securities maintained its Outperform rating and lowered its price target to $33.00 from $40.00.
Fairfax Financial Holdings Ltd. (FFH:CA) — RBC Dominion Securities maintained its Outperform rating and lowered its price target to $2,223.00 from $2,316.00.
Fiera Capital Corporation (FSZ:CA) — RBC Dominion Securities maintained its Sector Perform rating and lowered its price target to $4.70 from $5.00.
Fiera Capital Corporation (FSZ:CA) — CIBC maintained its Neutral rating with a $5.00 price target.
GFL-Environmental Inc. (GFL:CA) — Scotiabank maintained its Outperform rating and lowered its price target to $78.00 from $81.00.
GFL-Environmental Inc. (GFL:CA) — National Bank maintained its Outperform rating with an $81.00 price target.
Intact Financial Corporation (IFC:CA) — CIBC maintained its Neutral rating with a $311.00 price target.
Intact Financial Corporation (IFC:CA) — RBC Dominion Securities maintained its Sector Perform rating and lowered its price target to $285.00 from $308.00.
Linamar Corporation (LNR:CA) — Scotiabank lowered its price target to C$111.00 from C$114.00.
Lithium Americas Corp. (LAC:CA) — Canaccord Genuity maintained its Speculative Buy rating and lowered its price target to $5.25 from $7.00.
Luca Mining Corp. (LUCA:CA) — Stifel maintained its Buy rating and lowered its price target to $2.75 from $3.25.
MDA-Space Ltd. (MDA:CA) — Scotiabank lowered its price target to C$56.00 from C$70.00.
Mullen Group Ltd. (MTL:CA) — Scotiabank maintained its Sector Perform rating and raised its price target to $30.00 from $29.00.
NFI-Group Inc. (NFI:CA) — Scotia Capital maintained its Sector Outperform rating with a $28.50 price target.
Onex Corporation (ONEX:CA) — RBC Dominion Securities maintained its Sector Perform rating and lowered its price target to $129.00 from $135.00.
RB Global Inc. (RBA:CA) — National Bank maintained its Outperform rating with a $187.00 price target, compared with $184.00 previously.
Russel Metals Inc. (RUS:CA) — Scotia Capital maintained its Sector Outperform rating with a $113.00 price target.
Russel Metals Inc. (RUS:CA) — National Bank maintained its Sector Perform rating and raised its price target to $101.00 from $75.00.
Silverco Mining Ltd. (SICO:CA) — Desjardins Securities maintained its Buy rating with a $16.00 price target.
Sprott Inc. (SII:CA) — RBC Dominion Securities maintained its Outperform rating and raised its price target to $207.00 from $204.00.
Stantec Inc. (STN:CA) — Scotiabank lowered its price target to C$124.00 from C$129.00.
Stella-Jones Inc. (SJ:CA) — Scotiabank lowered its price target to C$79.00 from C$85.00.
TerraVest Industries Inc. (TVK:CA) — Scotiabank maintained its Sector Perform rating and raised its price target to $130.00 from $129.00.
TFI International Inc. (TFII:CA) — Scotiabank maintained its Sector Outperform rating and lowered its price target to $235.00 from $263.00.
TMX Group Ltd. (X:CA) — RBC Dominion Securities maintained its Outperform rating and lowered its price target to $67.00 from $69.00.
Transat A.T. Inc. (TRZ:CA) — Scotiabank maintained its Sector Underperform rating and lowered its price target to $1.25 from $1.65.
Trisura Group Ltd. (TSU:CA) — RBC Dominion Securities maintained its Outperform rating and lowered its price target to $54.00 from $60.00.
Volatus Aerospace Inc. (FLT:CA) — Desjardins Securities maintained its Buy rating and raised its price target to $0.95 from $0.90.
Volatus Aerospace Inc. (FLT:CA) — Ventum Capital maintained its Buy rating and raised its price target to $1.00 from $0.95.
Wajax Corporation (WJX:CA) — National Bank maintained its Outperform rating and raised its price target to $42.00 from $36.00.
Wajax Corporation (WJX:CA) — Scotiabank raised its price target to C$38.00 from C$36.00.
Waste Connections Inc. (WCN:CA) — Scotiabank lowered its price target to C$274.00 from C$280.00.
Waste Management Inc. (WM:CA) — Scotiabank lowered its price target to C$348.00 from C$369.00.
WSP-Global Inc. (WSP:CA) — Scotiabank lowered its price target to C$264.00 from C$274.00.
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