Canadian Analyst Updates: Oct 26th, 2026

A&W Food Services of Canada Inc. (AW:CA) — TD Securities initiated coverage with a Buy rating and a $41.00 price target.

Alaris Equity Partners Income Trust (AD-UN:CA) — Desjardins Securities lowered its price target to $27.50 from $28.00 and maintained its Buy rating.

Automotive Properties Real Estate Investment Trust (APR.UN:CA) — Canaccord Genuity lowered its price target to $12.75 from $13.50 and maintained its Hold rating.

CES Energy Solutions Corp. (CEU:CA) — ATB Capital Markets raised its price target to $23.50 from $21.00 and maintained its Sector Perform rating.

CES Energy Solutions Corp. (CEU:CA) — National Bank raised its price target to $24.00 from $20.00 and maintained its Outperform rating.

Coveo Solutions (CVO:CA) — TD Securities maintained its Buy rating with a $7.00 price target.

Element Fleet Management Corp. (EFN:CA) — Scotiabank lowered its price target to $32.00 from $41.00 and maintained its Sector Outperform rating.

Enerflex Ltd. (EFX:CA) — National Bank raised its price target to $45.00 from $42.50 and maintained its Outperform rating.

Fiera Capital Corp. (FSZ:CA) — Scotiabank lowered its price target to $4.25 from $5.75 and maintained its Sector Perform rating.

GFL-Environmental Inc. (GFL:CA) — ATB Cormark lowered its price target to $87.00 from $89.00 and maintained its Outperform rating.

Hudbay Minerals Inc. (HBM:CA) — CIBC maintained its Outperform rating with a $46.00 price target.

IAMGOLD Corporation (IMG:CA) — CIBC maintained its Outperform rating with a $35.00 price target.

K92 Mining Inc. (KNT:CA) — National Bank raised its price target to $39.00 from $37.00 and maintained its Outperform rating.

Methanex Corp. (MX:CA) — Raymond James raised its price target to $101.00 from $91.00 and maintained its Market Perform rating.

North American Construction Group Ltd. (NOA:CA) — ATB Capital Markets upgraded the stock to Outperform with a $23.50 price target.

Parex Resources Inc. (PXT:CA) — ATB Cormark initiated coverage with an Outperform rating and a $35.00 price target.

Pason Systems Inc. (PSI:CA) — National Bank raised its price target to $17.00 from $15.50 and maintained its Sector Perform rating.

Plaza Retail REIT (PLZ.UN:CA) — Canaccord Genuity downgraded the stock to Hold and lowered its price target to $5.65 from $5.75.

Precision Drilling Corp. (PD:CA) — National Bank upgraded the stock to Outperform and raised its price target to $185.00 from $150.00.

Rogers Communications Inc. (RCI.A:CA) — Canaccord Genuity raised its price target to $59.25 from $57.50 and maintained its Buy rating.

Rogers Communications Inc. (RCI.A:CA) — Desjardins Securities raised its price target to $57.00 from $55.00 and maintained its Buy rating.

Rogers Communications Inc. (RCI.A:CA) — Scotiabank lowered its price target to $59.00 from $60.00 and maintained its Outperform rating.

Rogers Communications Inc. (RCI-B:CA) — TD Securities maintained its Buy rating with a $63.00 price target.

Rogers Communications Inc. (RCI-B:CA) — Scotiabank lowered its price target to $83.00 and maintained its Outperform rating.*

Superior Plus Corp. (SPB:CA) — Desjardins Securities lowered its price target to $8.25 from $8.75 and maintained its Hold rating.

Teck Resources (TECK-B:CA) — Scotiabank lowered its price target to $59.00;.

Telesat Corp. (TSAT:CA) — CIBC assigned a $105.00 price target; the supplied entries differ on whether coverage was initiated at Outperformer or maintained at Outperform.*

True North Commercial Real Estate Investment Trust (TNT.UN:CA) — Canaccord Genuity maintained its Hold rating with a $7.50 price target.