Target & Rating Changes-Aug 5th, 2026
Canadian investment analysts released 82 rating updates today, highlighting a generally positive shift in market sentiment. Analysts issued 39 price target increases, 22 price target decreases, and 21 maintained price targets, with 43 companies receiving Buy or Outperform ratings, compared with 18 Neutral, Sector Perform, or Hold ratings and only 2 Sell or Underperform ratings. A total of 18 companies received multiple analyst updates, indicating increased institutional attention and active reassessment of earnings outlooks, valuations, and growth prospects across the Canadian stock market.
| Company Name | Stock Symbol | Analyst Firm | Action | Rating | New Target Price | Previous Target Price |
|---|---|---|---|---|---|---|
| 5N Plus Inc. | VNP:CA | Desjardins Securities | Target Down | Buy | $45.00 | $50.00 |
| 5N Plus Inc. | VNP:CA | Scotiabank | Target Down | Outperform | $35.00 | $48.00 |
| 5N Plus Inc. | VNP:CA | Raymond James | Maintained | Strong Buy | $45.00 | — |
| 5N Plus Inc. | VNP:CA | National Bank | Target Down | Outperform | $45.00 | $50.00 |
| Akita Drilling Ltd. | AKT:CA | ATB Cormark | Target Down | Sector Perform | $4.25 | $5.00 |
| Aurora Cannabis | ACB:CA | TD Securities | Maintained | Buy | $8.00 | — |
| Bank of Montreal | BMO:CA | Desjardins Securities | Target Up | Hold | $260.00 | $230.00 |
| Bank of Nova Scotia | BNS:CA | Desjardins Securities | Target Up | Hold | $125.00 | $115.00 |
| Brookfield Asset Management Ltd. | BAM:CA | TD Securities | Maintained | Buy | $70.00 | — |
| Brookfield Renewable Partners L.P. | BEP-UN:CA | National Bank | Target Down | Outperform | $52.00 | $55.00 |
| Canada Goose | GOOS:CA | Bank of America | Maintained | Buy | $15.00 | — |
| Canada Packers Inc. | CPKR:CA | TD Securities | Maintained | Buy | $24.00 | — |
| Canadian Pacific Kansas City Ltd. | CP:CA | CIBC | Maintained | Outperform | $143.00 | — |
| Chorus Aviation | CHR:CA | CIBC | Maintained | Outperform | $31.00 | — |
| CIBC | CM:CA | Desjardins Securities | Target Up | Hold | $173.00 | $160.00 |
| Constellation Software Inc. | CSU:CA | CIBC | Maintained | Outperform | $4,000.00 | — |
| Dexterra Group Inc. | DXT:CA | Scotiabank | Target Up | Sector Perform | $14.50 | $14.00 |
| Dominion Lending Centres Inc. | DLCG:CA | ATB Cormark | Target Up | Outperform | $13.50 | $11.50 |
| Dream Industrial REIT | DIR-UN:CA | CIBC | Maintained | Outperform | $15.00 | — |
| Dream Industrial REIT | DIR.UN:CA | Scotiabank | Maintained | Outperform | C$16.50 | — |
| Eldorado Gold Corp. | ELD:CA | National Bank | Target Up | Outperform | $69.00 | $65.00 |
| EQB Inc. | EQB:CA | Desjardins Securities | Target Up | Buy | $155.00 | $132.00 |
| Equinox Gold Corp. | EQX:CA | CIBC | Target Down | Outperform | $24.00 | $27.00 |
| George Weston Ltd. | WN:CA | Scotiabank | Target Up | Sector Perform | C$112.00 | — |
| iA Financial Corporation Inc. | IAG:CA | National Bank | Target Up | Sector Perform | $216.00 | $205.00 |
| iA Financial Corporation Inc. | IAG:CA | TD Securities | Target Up | Hold | $218.00 | $214.00 |
| iA Financial Corporation Inc. | IAG:CA | CIBC | Maintained | Outperform | $208.00 | — |
| Imperial Oil Ltd. | IMO:CA | Scotiabank | Target Down | Sector Perform | $156.00 | $159.00 |
| Imperial Oil Ltd. | IMO:CA | TD Securities | Target Up | Sell | $151.00 | $150.00 |
| Imperial Oil Ltd. | IMO:CA | National Bank | Target Down | Sector Perform | $209.00 | $214.00 |
| Imperial Oil Ltd. | IMO:CA | TD Securities | Target Up | Sell | $151.00 | $150.00 |
| Laurentian Bank of Canada | LB:CA | Desjardins Securities | Maintained | Tender | $40.50 | — |
| Lumine Group Inc. | LMN:CA | Desjardins Securities | Target Up | Buy | $38.00 | $36.00 |
| Lumine Group Inc. | LMN:CA | TD Securities | Target Up | Buy | $42.00 | $39.00 |
| Maple Leaf Foods Inc. | MFI:CA | TD Securities | Maintained | Buy | $42.00 | — |
| Martinrea International Inc. | MRE:CA | TD Securities | Target Up | Buy | $16.00 | $15.00 |
| Martinrea International Inc. | MRE:CA | CIBC | Maintained | Outperform | $12.50 | — |
| MDA Space Ltd. | MDA:CA | CIBC | Maintained | Outperform | $59.00 | — |
| Metro Inc. | MRU:CA | TD Securities | Maintained | Buy | $106.00 | — |
| National Bank of Canada | NA:CA | Desjardins Securities | Target Up | Hold | $238.00 | $217.00 |
| Nutrien Ltd. | NTR:CA | TD Securities | Maintained | Buy | $116.00 | — |
| RB Global Inc. | RBA:CA | RBC Capital | Target Up | Outperform | $213.00 | $210.00 |
| RB Global Inc. | RBA:CA | National Bank | Target Up | Outperform | $186.00 | $185.00 |
| RB Global Inc. | RBA:CA | CIBC | Target Up | Outperform | $189.00 | $188.00 |
| RioCan REIT | REI-UN:CA | CIBC | Maintained | Outperform | $24.00 | — |
| RioCan REIT | REI.UN:CA | Scotiabank | Maintained | Sector Perform | C$22.25 | — |
| RioCan REIT | REI-UN:CA | TD Securities | Maintained | Buy | $26.00 | — |
| Rockpoint Gas Storage Inc. | RGSI:CA | CIBC | Maintained | Outperform | $33.00 | — |
| Rockpoint Gas Storage Inc. | RGSI:CA | TD Securities | Maintained | Hold | $32.00 | — |
| Royal Bank of Canada | RY:CA | Desjardins Securities | Target Up | Buy | $320.00 | $275.00 |
| Saturn Oil & Gas Inc. | SOIL:CA | Ventum Financial | Maintained | Buy | $9.00 | — |
| Shopify Inc. | SHOP:CA | TD Securities | Maintained | Buy | $223.00 | — |
| Sienna Senior Living Inc. | SIA:CA | CIBC | Maintained | Outperform | $25.00 | — |
| Sienna Senior Living Inc. | SIA:CA | Scotiabank | Maintained | Outperform | C$26.00 | — |
| Sprott Inc. | SII:CA | TD Securities | Maintained | Hold | $170.00 | — |
| SSR Mining Inc. | SSRM:CA | CIBC | Maintained | Outperform | $67.00 | — |
| SSR Mining Inc. | SSRM:CA | Scotiabank | Maintained | Outperform | C$60.00 | — |
| Suncor Energy Inc. | SU:CA | BMO Capital Markets | Target Up | — | $105.00 | $100.00 |
| Suncor Energy Inc. | SU:CA | CIBC | Maintained | Outperform | $110.00 | — |
| Suncor Energy Inc. | SU:CA | Scotiabank | Maintained | Outperform | C$106.00 | — |
| Telesat Corp. | TSAT:CA | ATB Cormark | Target Up | Outperform | $118.00 | $99.00 |
| Thomson Reuters Corp. | TRI:CA | TD Securities | Maintained | Buy | $185.00 | — |
| Thomson Reuters Corp. | TRI:CA | CIBC | Maintained | Outperform | $174.00 | — |
| Toronto-Dominion Bank | TD:CA | Desjardins Securities | Target Up | Buy | $183.00 | $160.00 |
| Viper Energy Partners LP | VNOM:CA | TD Securities | Target Up | Buy | $59.00 | $58.00 |
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