Canadian Analyst Ratings Coverage: May 21st, 2025

Top Analyst Ratings: June 9th, 2025

Analyst Ratings: Canada

AbraSilver Resource Corp. (ABRA:CA) was rated Buy by Scotia Capital with a target price of CAD 5.50.

American Hotel Income Properties REIT LP (HOT-UN:CA) was rated Sector Perform by Scotia Capital with a maintained target of CAD 0.70.

Bank of Montreal (BMO:CA) was rated Hold by CIBC World Markets with a target price update to CAD 150.

Bank of Nova Scotia (BNS:CA) was rated Hold by CIBC World Markets with a target price update to CAD 77.

Bird Construction Inc. (BDT:CA) received a Buy rating from CIBC World Markets with a new target of CAD 31.50.

Boyd Group Services Inc. (BYD:CA) was rated Buy by Stifel Nicolaus with a target price update to CAD 255.

Brookfield Renewable Partners L.P. (BEP-UN:CA) was rated Buy by Scotia Capital with an updated target of CAD 29.

Coveo Solutions Inc. (CVO:CA) received Buy ratings from TD Cowen (target CAD 10), Canaccord Genuity (target CAD 12), and BMO Capital Markets (target CAD 10).

Dundee Precious Metals Inc. (DPM:CA) was rated Outperform by Scotia Capital with a maintained target of CAD 21.

Enbridge Inc. (ENB:CA) maintained a Buy rating at TD Cowen with a target of CAD 67.

EQB Inc. (EQB:CA) was rated Buy by CIBC World Markets with a target price raised to CAD 126.

Exro Technologies Inc. (EXRO:CA) was downgraded to Sell by National Bank Financial with a target of CAD 0.16.

Fairfax Financial Holdings Ltd. (FFH:CA) maintained an Outperform rating at CIBC World Markets with a target of CAD 2,700.

Fennec Pharmaceuticals Inc. (FRX:CA) received a Buy rating from H.C. Wainwright with a target update to CAD 13.

Foran Mining Corporation (FOM:CA) was rated Buy by Stifel Nicolaus with a new target of CAD 4.75.

Fortis Inc. (FTS:CA) maintained a Hold rating by Morningstar with a target of CAD 62.

Granite Real Estate Investment Trust (GRT-UN:CA) was rated Buy by RBC with a target of CAD 86.

InterRent Real Estate Investment Trust (IIP-UN:CA) received Buy ratings from BMO Capital Markets (target CAD 12.50) and Raymond James (target CAD 13.25).

Laurentian Bank of Canada (LB:CA) was rated Hold by CIBC World Markets with a new target of CAD 29.

Lithium Americas Corp. (LAC:CA) was rated Hold by Scotia Capital with a reduced target of CAD 2.75.

MDA Ltd (MDA:CA) was rated Buy by Canaccord Genuity with a target price increase to CAD 36.

MEG Energy Corp. (MEG:CA) maintained a Neutral rating by CIBC World Markets with a target of CAD 28.

Metalla Royalty & Streaming Ltd. (MTA:CA) was rated Buy by National Bank Financial with an updated target of CAD 6.50.

National Bank of Canada (NA:CA) was rated Sell by CIBC World Markets with a target update to CAD 125.

Nexus Real Estate Investment Trust (NXR-UN:CA) received a Sector Perform rating from Scotia Capital with a raised target of CAD 7.50.

NorthWest Healthcare Properties REIT (NWH-UN:CA) was rated Hold by BMO Capital Markets with a new target of CAD 5.00.

Pembina Pipeline Corp. (PPL:CA) was rated Buy by TD Cowen with a revised target of CAD 66.

Quarterhill Inc. (QTRH:CA) was rated Buy by CIBC World Markets with a new target of CAD 2.00.

Royal Bank of Canada (RY:CA) received a Buy rating from CIBC World Markets (target CAD 174) and an Underperform rating from Morningstar (target CAD 157).

SNC-Lavalin Group Inc. (ATRL:CA) was rated Buy by Canaccord Genuity with a raised target of CAD 110.

South Bow Corporation (SOBO:CA) was rated Hold by both Scotia Capital (target CAD 27) and CIBC World Markets (target CAD 25).

TD Bank (TD:CA) received a Buy rating from CIBC World Markets with a raised target of CAD 94.

TFI International Inc. (TFII:CA) was rated Buy by CIBC World Markets with a target of CAD 118.

Thomson Reuters Corp. (TRI:CA) was maintained as Sell by Morningstar with a target of CAD 210.

West Fraser Timber Co Ltd (WFG:CA) was maintained as Hold by Morningstar with a target of CAD 121.

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