Analyst Ratings (Canada)
Canadian analysts maintained a mostly positive outlook for October 27th, with selective optimism across technology, transportation, financial services, utilities, and precious metals. Technology-related companies continued to attract favourable recommendations and higher price targets, reflecting confidence in longer-term growth opportunities. Transportation stocks received positive coverage, although certain airlines faced modest downward target revisions. Financial services and regulated utilities maintained generally supportive ratings, suggesting continued interest in relatively stable earnings and cash flows. Energy sentiment remained mixed, with favourable royalty-sector revisions contrasting with more cautious assessments of individual producers. Meanwhile, forestry and building materials companies faced selective target reductions, reflecting ongoing uncertainty surrounding industrial demand and economic conditions.
Updates (40)
Air Canada (AC:CA) — ATB Cormark maintained its Outperform rating and lowered its price target to $43.00 from $45.00.
Arizona Gold & Silver Inc. (AZS:CA) — Fundamental Research initiated coverage with a Buy rating and a price target of $2.34.
Baytex Energy Corp. (BTE:CA) — Jefferies maintained its Buy rating with a price target of $9.00.
BCE-Inc. (BCE:CA) — CIBC World Markets maintained its Outperform rating with a price target of $38.00.
Brookfield Asset Management Ltd. (BAM:CA) — TD Securities maintained its Buy rating with a price target of $98.00.
BRP Inc. (DOO:CA) — TD Securities maintained its Buy rating with a price target of $106.00.
CAE Inc. (CAE:CA) — Scotiabank maintained its Sector Outperform rating and raised its price target to $49.00 from $48.00.
Canadian National Railway Co. (CNR:CA) — Stifel initiated coverage with a Buy rating and a price target of $200.00.
Canadian Pacific Kansas City Ltd. (CP:CA) — Stifel initiated coverage with a Buy rating and a price target of $150.00.
Celestica Inc. (CLS:CA) — Scotiabank maintained its Outperform rating with a price target of $702.50.
Chorus Aviation Inc. (CHR:CA) — TD Securities maintained its Buy rating and raised its price target to $35.00 from $34.00.
CCL Industries Inc. (CCL.B:CA) — CIBC World Markets maintained its Outperformer rating and raised its price target to $116.00 from $113.00.
Doman Building Materials Group Ltd. (DBM:CA) — CIBC World Markets maintained its Neutral rating and lowered its price target to $12.50 from $13.00.
Emera Inc. (EMA:CA) — Desjardins Securities maintained its Hold rating with a price target of $74.00.
Fortis Inc. (FTS:CA) — Desjardins Securities maintained its Buy rating with a price target of $85.00.
High Liner Foods Inc. (HLF:CA) — ATB Cormark downgraded the stock to Tender and raised its price target to $27.00 from $21.00.
High Liner Foods Inc. (HLF:CA) — Raymond James maintained its Market Perform rating and raised its price target to $27.00 from $16.50.
High Liner Foods Inc. (HLF:CA) — RBC Dominion Securities maintained its Sector Perform rating and raised its price target to $27.00 from $18.00.
High Liner Foods Inc. (HLF:CA) — Ventum maintained its Neutral rating and raised its price target to $27.00 from $16.50.
Hydro One Ltd. (H:CA) — Desjardins Securities maintained its Buy rating with a price target of $61.00.
IAMGOLD Corp. (IMG:CA) — TD Securities maintained its Buy rating with a price target of $34.00.
IGM Financial Inc. (IGM:CA) — Desjardins Securities initiated coverage with a Buy rating and a price target of $93.00.
Interfor Corp. (IFP:CA) — CIBC World Markets maintained its Neutral rating and lowered its price target to $15.00 from $16.00.
Logan Energy Corp. (LGN:CA) — ATB Cormark downgraded the stock to Tender with a price target of $1.50.
Logan Energy Corp. (LGN:CA) — Scotiabank downgraded the stock to Sector Perform with a price target of $1.60.
Lundin Gold Inc. (LUG:CA) — TD Securities maintained its Hold rating with a price target of $92.00.
MetalQuest Mining Inc. (MQM:CA) — Fundamental Research maintained its Buy rating with a price target of $1.09.
New Age Metals Inc. (NAM:CA) — Fundamental Research maintained its Buy rating with a price target of $0.63.
NexGen Energy Ltd. (NXE:CA) — Scotiabank maintained its Outperform rating with a price target of $20.00.
PrairieSky Royalty Ltd. (PSK:CA) — BMO maintained its Outperform rating and raised its price target to $40.00 from $39.00.
PrairieSky Royalty Ltd. (PSK:CA) — CIBC World Markets maintained its Neutral rating and raised its price target to $38.50 from $36.25.
PrairieSky Royalty Ltd. (PSK:CA) — Scotiabank maintained its Sector Perform rating and raised its price target to $37.00 from $36.00.
PrairieSky Royalty Ltd. (PSK:CA) — TD Securities maintained its Buy rating and raised its price target to $40.00 from $39.00.
Shopify Inc. (SHOP:CA) — Citigroup maintained its Buy rating and raised its price target to $303.00 from $275.00.
Stella-Jones Inc. (SJ:CA) — CIBC World Markets maintained its Neutral rating and lowered its price target to $76.00 from $81.00.
Stingray Group Inc. (RAY:CA) — CIBC World Markets maintained its Outperform rating with a price target of $19.00.
TMX Group Ltd. (X:CA) — TD Securities maintained its Buy rating and raised its price target to $67.00 from $61.00.
Transat A.T. Inc. (TRZ:CA) — TD Securities maintained its Hold rating with a price target of $2.00.
Vital Infrastructure Property Trust (VITL.UN:CA) — Scotiabank maintained its Sector Perform rating and lowered its price target to $6.00.
West Fraser Timber Co. Ltd. (WFG:CA) — CIBC World Markets maintained its Neutral rating and raised its price target to $101.00 from $97.00.
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