TSX Analyst Target Changes and Rating Updates
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 | Analyst Rating | New Price Target | Previous Price Target |
|---|---|---|---|---|---|---|
| 5N Plus Inc. | VNP:CA | Scotiabank | Price Target Maintained | Outperform | C$48.00 | |
| Aecon Group Inc. | ARE:CA | National Bank | Price Target Decreased | Outperform | $64.00 | $65.00 |
| Aecon Group Inc. | ARE:CA | RBC Capital | Price Target Decreased | Sector Perform | $50.00 | $53.00 |
| Aecon Group Inc. | ARE:CA | ATB Cormark | Price Target Increased | Outperform | $57.00 | $49.00 |
| Aecon Group Inc. | ARE:CA | Desjardins Securities | Price Target Decreased | Hold | $58.00 | $61.00 |
| Aecon Group Inc. | ARE:CA | Stifel Nicolaus | Price Target Decreased | Buy | $59.00 | $60.00 |
| Aecon Group Inc. | ARE:CA | TD Securities | Price Target Maintained | Buy | $61.00 | |
| Ag Growth International Inc. | AFN:CA | TD Securities | Price Target Decreased | Buy | $23.00 | $30.00 |
| Air Canada | AC:CA | TD Securities | Price Target Decreased | $29.00 | $23.00 | |
| Alimentation Couche-Tard Inc. | ATD:CA | TD Securities | Price Target Increased | Buy | $110.00 | $109.00 |
| Alimentation Couche-Tard Inc. | ATD:CA | Stifel | Price Target Increased | Buy | $110.00 | $102.00 |
| Altus Group Ltd. | AIF:CA | TD Securities | Price Target Maintained | Buy | $55.00 | |
| ATS Corporation | ATS:CA | TD Securities | Price Target Maintained | Buy | $49.00 | |
| Badger Infrastructure Solutions Ltd. | BDGI:CA | CIBC World Markets | Price Target Increased | $115.00 | $104.00 | |
| Badger Infrastructure Solutions Ltd. | BDGI:CA | National Bank | Price Target Increased | Outperform | $113.00 | $103.00 |
| Badger Infrastructure Solutions Ltd. | BDGI:CA | Stifel Nicolaus | Price Target Increased | Buy | $118.00 | $106.00 |
| Badger Infrastructure Solutions Ltd. | BDGI:CA | Canaccord Genuity | Price Target Increased | Buy | $125.00 | $112.00 |
| Badger Infrastructure Solutions Ltd. | BDGI:CA | Acumen Capital | Price Target Increased | Buy | $106.25 | $87.00 |
| Brookfield Business Corporation | BBUC:CA | CIBC | Price Target Maintained | $58.50 | $58.00 | |
| Brookfield Business Corporation | BBUC:CA | Scotiabank | Price Target Maintained | Outperform | $57.00 | |
| Brookfield Infrastructure Partners | BIP-UN:CA | RBC Capital | Price Target Increased | Outperform | $47.00 USD | $41.00 |
| Brookfield Renewable Partners L.P. | BEP-UN:CA | TD Securities | Price Target Maintained | Buy | $55.00 | |
| Cameco Corporation | CCO:CA | Barclays Capital | Price Target Increased | $135.00 | $147.00 | |
| Cameco Corporation | CCO:CA | National Bank | Price Target Increased | Outperform | $184.00 | $180.00 |
| Cameco Corporation | CCO:CA | Scotiabank | Price Target Maintained | Outperform | C$175.00 | |
| Canadian Copper Inc. | CCI:CN | Ventum | Price Target Increased | Buy | $1.00 | |
| Canadian Pacific Kansas City Ltd. | CP:CA | CIBC | Price Target Maintained | Outperform | $143.00 | |
| Canfor Corporation | CFP:CA | Scotiabank | Price Target Increased | Sector Perform | C$18.00 | C$15.50 |
| Capstone Copper Corp. | CS:CA | National Bank | Price Target Increased | Outperform | $17.00 | $16.50 |
| Cascades Inc. | CAS:CA | TD Securities | Price Target Increased | Buy | $19.00 | $15.00 |
| CGI Inc. | GIB.A:CA | Scotiabank | Price Target Increased | C$29.50 | ||
| Chemtrade Logistics Income Fund | CHE.UN:CA | National Bank | Price Target Decreased | Outperform | $22.50 | $23.50 |
| Cineplex Inc. | CGX:CA | TD Securities | Price Target Maintained | Buy | $16.00 | |
| Definity Financial Corporation | DFY:CA | RBC Capital | Price Target Increased | Outperform | $94.00 | $87.00 |
| Definity Financial Corporation | DFY:CA | Scotia Capital | Price Target Increased | Sector Perform | $84.00 | $83.00 |
| Definity Financial Corporation | DFY:CA | Desjardins Securities | Price Target Increased | Hold | $85.00 | $80.00 |
| Eldorado Gold Corp. | ELD:CA | Stifel | Price Target Increased | Buy | $65.00 | |
| Enbridge Inc. | ENB:CA | RBC Capital | Price Target Increased | Outperform | $84.00 | $79.00 |
| Enbridge Inc. | ENB:CA | CIBC | Price Target Maintained | Neutral | $77.00 | |
| Fairfax Financial Holdings Ltd. | FFH:CA | CIBC World Markets | Price Target Increased | Neutral | $2,400.00 | $2,350.00 |
| Fairfax Financial Holdings Ltd. | FFH:CA | RBC Capital | Price Target Increased | Outperform | $2,316.00 | $2,277.00 |
| Fairfax Financial Holdings Ltd. | FFH:CA | ATB Cormark | Price Target Increased | Sector Perform | $2,600.00 | $2,550.00 |
| Fortis Inc. | FTS:CA | Raymond James | Price Target Increased | $85.50 | $80.50 | |
| Fortis Inc. | FTS:CA | TD Securities | Price Target Increased | Buy | $87.00 | $84.00 |
| Fortis Inc. | FTS:CA | RBC Capital | Price Target Increased | Sector Perform | $89.00 | $80.00 |
| G Mining Ventures Corp. | GMIN:CA | ATB Cormark | Price Target Increased | Top Pick | $65.00 | $64.00 |
| George Weston Ltd. | WN:CA | Scotiabank | Price Target Increased | $112.00 | $102.00 | |
| Gildan Activewear Inc. | GIL:CA | Citigroup | Price Target Increased | Neutral | $80.00 | $69.00 |
| High Tide Inc. | HITI:CA | TD Securities | Price Target Maintained | Buy | $6.50 | |
| Imperial Oil Ltd. | IMO:CA | JP Morgan | Price Target Increased | $173.00 | $158.00 | |
| Imperial Oil Ltd. | IMO:CA | TD Securities | Price Target Increased | Sell | $151.00 | $150.00 |
| Kinaxis Inc. | KXS:CA | BMO Capital Markets | Price Target Increased | $195.00 | $185.00 | |
| Magna International Inc. | MG:CA | RBC Capital | Price Target Increased | Outperform | $97.00 | $93.00 |
| Magna International Inc. | MG:CA | Scotia Capital | Price Target Increased | Sector Outperform | $110.00 | $104.00 |
| Magna International Inc. | MG:CA | CIBC | Price Target Increased | Outperform | $110.00 | $104.00 |
| MDA Space Ltd. | MDA:CA | CIBC | Price Target Maintained | Outperform | $59.00 | |
| Pembina Pipeline Corporation | PPL:CA | RBC Capital | Price Target Increased | Outperform | $77.00 | $68.00 |
| Power Corporation of Canada | POW:CA | RBC Capital | Price Target Increased | Outperform | $103.00 | $87.00 |
| Power Corporation of Canada | POW:CA | Jefferies | Price Target Increased | Buy | $114.00 | $90.00 |
| RB Global Inc. | RBA:CA | CIBC | Price Target Maintained | Outperform | $189.00 | |
| Telus Corporation | T:CA | RBC Capital | Price Target Decreased | Sector Perform | $15.00 | $20.00 |
| Telus Corporation | T:CA | TD Securities | Price Target Decreased | Buy | $16.00 | $19.00 |
| Telus Corporation | T:CA | CIBC | Price Target Decreased | Neutral | $15.00 | $24.00 |
| TMX Group Ltd. | X:CA | National Bank | Price Target Increased | Outperform | $64.00 | $63.00 |
| TMX Group Ltd. | X:CA | RBC Capital | Price Target Decreased | Outperform | $69.00 | $71.00 |
| TransAlta Corporation | TA:CA | TD Securities | Price Target Maintained | Buy | $26.00 | |
| TVA Group Inc. | TVA.B:CA | National Bank | Price Target Increased | $2.50 | $1.30 | |
| West Fraser Timber Co. Ltd. | WFG:CA | Scotiabank | Price Target Maintained | Outperform | $127.00 |
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