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Canadian Analyst Updates

Canadian Analyst Updates

Analyst Ratings (Canada)

The Canadian analyst outlook for Oct 23rd, was mainly positive, with broad target increases in transportation, energy infrastructure and business services, alongside continued support for technology. Natural gas coverage was selectively bullish, while gold ratings were mixed. Target cuts in storage real estate and food distribution pointed to pockets of caution, suggesting a positive but selective outlook across Canadian sectors.

Updates (39 )

Advantage Energy Ltd. (AAV:CA) — Ventum Financial initiated coverage with a Buy rating and a $13.50 price target.

Alimentation Couche-Tard Inc. (ATD:CA) — Scotiabank maintained its Outperform rating with a $102.00 price target.

Birchcliff Energy Ltd. (BIR:CA) — Ventum Financial initiated coverage with a Neutral rating and an $8.00 price target.

Bombardier Inc. (BBD-B:CA) — CIBC maintained its Neutral rating with a $365.00 price target.

CAE-Inc. (CAE:CA)  CIBC maintains an Outperform rating with a $47.00 price target.

CAE-Inc. (CAE:CA)  TD Securities maintains a Buy rating with a $45.00 price target.

Celestica Inc. (CLS:CA) — RBC maintained its Outperform rating with a $630.00 price target.

Constellation Software Inc. (CSU:CA) — RBC maintained its Outperform rating with a $4,400.00 price target.

CT REIT (CRT-UN:CA) — TD Securities maintained its Sector Perform rating with an $18.50 price target.

Eldorado Gold Corp. (ELD:CA) — Canaccord Genuity upgraded the stock to Buy and lowered its price target to $57.00 from $63.00.

Fairfax Financial Holdings Ltd. (FFH:CA) — RBC raised its price target to $2,318.00 from $2,223.00 and maintained its Outperform rating.

FirstService Corp. (FSV:CA) — Scotiabank raised its price target to $245.00 from $238.00 and maintained its Sector Perform rating.

FirstService Corp. (FSV:CA) — Stifel Nicolaus raised its price target to $273.00 from $259.00 and maintained its Buy rating.

FirstService Corp. (FSV:CA) — TD Securities raised its price target to $284.00 from $273.00 and maintained its Buy rating.

Gibson Energy Inc. (GEI:CA) — ATB Cormark raised its price target to $37.00 from $35.00 and maintained its Outperform rating.

Gildan Activewear Inc. (GIL:CA) — TD Securities maintained its Buy rating with a $76.00 price target.

IAMGOLD Corporation (IMG:CA) — Scotiabank maintained its Sector Perform rating with a $32.00 price target.

Kinaxis Inc. (KXS:CA) — RBC maintained its Outperform rating with a $210.00 price target.

Lassonde Industries Inc. (LAS.A:CA) — National Bank raised its price target to $264.00 from $257.00 and maintained its Sector Perform rating.

Mullen Group Ltd. (MTL:CA) — Desjardins Securities raised its price target to $34.00 from $31.00 and maintained its Buy rating.

Mullen Group Ltd. (MTL:CA) — National Bank raised its price target to $36.00 from $31.00 and maintained its Outperform rating.

Mullen Group Ltd. (MTL:CA) — Raymond James raised its price target to $31.00 from $25.00 and maintained its Market Perform rating.

Mullen Group Ltd. (MTL:CA) — RBC raised its price target to $35.00 from $32.00 and maintained its Outperform rating.

Mullen Group Ltd. (MTL:CA) — Scotiabank raised its price target to $33.00 from $30.00 and maintained its Sector Perform rating.

Mullen Group Ltd. (MTL:CA) — TD Securities raised its price target to $36.00 from $32.00 and maintained its Buy rating.

Ovintiv Inc. (OVV:CA) — Roth Capital raised its price target to $90.95 from $76.96 and maintained its Neutral rating.

Pembina Pipeline Corp. (PPL:CA) — ATB Cormark raised its price target to $79.00 from $77.00 and maintained its Outperform rating.

Peyto Exploration & Development Corp. (PEY:CA) — Ventum Financial initiated coverage with a Buy rating and a $31.00 price target.

Premium Brands Holdings Corp. (PBH:CA) — National Bank lowered its price target to $93.00 from $98.00 and maintained its Sector Perform rating.

Rogers Communications Inc. (RCI-B:CA) — CIBC maintained its Outperform rating with a $61.00 price target.

Shopify Inc. (SHOP:CA) — RBC maintained its Outperform rating with a $280.00 price target.

Stingray Group Inc. (RAY:CA) — TD Securities maintained its Outperform rating with a $19.00 price target.

StorageVault Canada Inc. (SVI:CA) — ATB Cormark lowered its price target to $5.15 from $6.00 and maintained its Outperform rating.

StorageVault Canada Inc. (SVI:CA) — Canaccord Genuity lowered its price target to $5.25 from $5.75 and maintained its Buy rating.

StorageVault Canada Inc. (SVI:CA) — Desjardins Securities lowered its price target to $5.25 from $6.00 and maintained its Buy rating.

Tidewater Midstream and Infrastructure Ltd. (TWM:CA) — ATB Cormark raised its price target to $28.00 from $26.00 and maintained its Outperform rating.

Tidewater Renewables Ltd. (LCFS:CA) — ATB Cormark raised its price target to $21.00 from $19.00 and maintained its Speculative Buy rating.

Wesdome Gold Mines Ltd. (WDO:CA) — Canaccord Genuity downgraded the stock to Hold from Buy while raising its price target to $33.00 from $30.00.

Winpak Ltd. (WPK:CA) — National Bank raised its price target to $52.00 from $50.00 and maintained its Sector Perform rating.

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