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Canadian Analyst Updates: Nov 3rd

Canadian Analyst Updates: Nov 3rd

Analyst Ratings (Canada)

Canadian analyst outlook remains cautiously optimistic, with a strong concentration of positive ratings across energy, utilities, industrials, and materials. However, several downward price target revisions suggest analysts are becoming more conservative about earnings growth, valuations, and near-term operating conditions. Energy and infrastructure stocks continue to attract favourable coverage, while select mining, consumer, and industrial companies face reduced expectations.

Updates (31)

5N Plus Inc. (VNP:CA) — Scotiabank maintains its Outperform rating with a price target of $37.00.

Cameco Corp. (CCO:CA) — BMO maintains its Outperform rating with a price target of $150.00.

Canadian Pacific Kansas City Ltd. (CP:CA) — TD Securities maintains its Hold rating with a price target of $134.00.

Capital Power Corp. (CPX:CA) — TD Securities maintains its Buy rating with a price target of $80.00.

Capital Power Corp. (CPX:CA) — Scotiabank maintains its Outperform rating with a price target of $76.00.

Capital Power Corp. (CPX:CA) — National Bank maintains its Outperform rating and lowers its price target to $83.00 from $84.00.

Champion Iron Ltd. (CIA:CA) — RBC maintains its Outperform rating and lowers its price target to $4.00 from $8.00.

EQB-Inc. (EQB:CA) — Raymond James upgrades its rating from Underperform to Market Perform and raises its price target to $124.00 from $120.00.

Ero Copper Corp. (ERO:CA) — Scotiabank maintains its Sector Perform rating with a price target of $55.00.

Ero Copper Corp. (ERO:CA) — Raymond James maintains its Outperform rating and lowers its price target to $54.00 from $55.00.

Exchange Income Corp. (EIF:CA) — Ventum Capital maintains its Buy rating with a price target of $150.00.

Finning International Inc. (FTT:CA) — RBC maintains its Outperform rating with a price target of $129.00.

First Capital REIT (FCR.UN:CA) — Scotiabank maintains its Sector Perform rating with a price target of $24.50.

Gibson Energy Inc. (GEI:CA) — Scotiabank maintains its Sector Perform rating with a price target of $31.00.

Gibson Energy Inc. (GEI:CA) — BMO maintains its Market Perform rating and raises its price target to $33.00 from $31.00.

Gildan Activewear Inc. (GIL:CA) — Desjardins Securities maintains its Buy rating and lowers its price target to $90.00 from $108.00.

Gildan Activewear Inc. (GIL:CA) — Scotiabank maintains its Outperform rating with a price target of $74.00.

Honey Badger Silver Inc. (TUF:CA) — Stifel Nicolaus maintains its Buy rating with a price target of $1.25.

Imperial Oil Ltd. (IMO:CA) — TD Securities maintains its Sell rating and raises its price target to $164.00 from $158.00.

Pecoy Copper Corp. (PCU:CA) — Scotiabank maintains its Outperform rating with a price target of $3.50.

Pizza Pizza Royalty Corp. (PZA:CA) — TD Securities maintains its Hold rating and lowers its price target to $11.00 from $12.00.

Power Corp. of Canada (POW:CA) — Desjardins Securities maintains its Buy rating and raises its price target to $104.00 from $102.00.

Premium Brands Holdings Corp. (PBH:CA) — RBC maintains its Outperform rating and lowers its price target to $110.00 from $120.00.

RioCan REIT (REI.UN:CA) — Scotiabank maintains its Sector Perform rating with a price target of $22.50.

Tidewater Midstream and Infrastructure Ltd. (TWM:CA) — Scotiabank maintains its Sector Perform rating with a price target of $26.00.

Topaz Energy Corp. (TPZ:CA) — Scotiabank maintains its Outperform rating with a price target of $36.00.

Toromont Industries Ltd. (TIH:CA) — Scotiabank maintains its Outperform rating with a price target of $239.00.

Toromont Industries Ltd. (TIH:CA) — RBC maintains its Outperform rating and lowers its price target to $261.00 from $265.00.

Wajax Corporation (WJX:CA) — Scotiabank maintains its Sector Perform rating with a price target of $38.00.

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