Canadian Analyst Update: Aug 14th, 2025

Gildan Activewear Inc. (GIL:CA) National Bank Raises Target Forecast on Outlook

Analyst Ratings (Canada)

Altus Group Limited (AIF:CA) received a target price increase from Scotiabank to $63.00.

American Hotel Income Properties REIT LP (HOT.UN:CA) had its target price raised by Scotiabank to $0.55.

Artemis Gold Inc. (ARTG:CA) had its target price increased by National Bank, maintaining an Outperform rating with a new target of $37.00.

Autocanada Inc. (ACQ:CA) was upgraded to Outperform by BMO Capital Markets, with a new target price of $40.00.

Autocanada Inc. (ACQ:CA) had its target price raised by CIBC, maintaining a Neutral rating with a new target of $32.50.

Autocanada Inc. (ACQ:CA) had its target price increased by National Bank, with an Outperform rating and a new target of $36.00.

Autocanada Inc. (ACQ:CA) had its target price raised by Acumen Capital, issuing a Speculative Buy rating and a target of $39.00.

Autocanada Inc. (ACQ:CA) received a target price increase from ATB Capital, with a Sector Perform rating and a target of $32.00.

Bank of Montreal (BMO:CA) had its target price raised by Barclays Capital, maintaining an Equal-Weight rating and a new target of $150.00.

Bank of Nova Scotia (BNS:CA) received a target price increase from Barclays Capital, with an Equal-Weight rating and a target of $81.00.

Birchcliff Energy Ltd. (BIR:CA) had its Buy rating maintained by TD Securities, with a target price of $8.50.

Birchcliff Energy Ltd. (BIR:CA) received a target price increase from Raymond James, maintaining an Outperform rating and setting a new target of $8.00.

Bird Construction Inc. (BDT:CA) had its Outperform rating maintained by CIBC, with a target price of $35.00.

Boyd Group Services Inc. (BYD:CA) had its Buy rating maintained by TD Securities, with a target of $280.00.

Boyd Group Services Inc. (BYD:CA) received a target price increase from Desjardins Securities, with a Buy rating and a new target of $270.00.

Boyd Group Services Inc. (BYD:CA) had its target price lowered by ATB Capital, maintaining an Outperform rating and setting a new target of $270.00.

Boyd Group Services Inc. (BYD:CA) received a target price increase from National Bank, with an Outperform rating and a target of $250.00.

Boyd Group Services Inc. (BYD:CA) was given a target price increase by RBC Capital, maintaining an Outperform rating with a new target of $272.00.

Boyd Group Services Inc. (BYD:CA) had its target raised by Stifel Nicolaus, maintaining a Buy rating and setting a target of $260.00.

CAE Inc. (CAE:CA) had its target price raised by Scotiabank to $46.50.

CAE Inc. (CAE:CA) was upgraded to Buy by TD Securities, with a new target of $44.00.

CAE Inc. (CAE:CA) had its Outperform rating and $46.50 target reaffirmed by Scotiabank.

Calian Group Ltd. (CGY:CA) received a target price increase from Desjardins Securities, with a Buy rating and a new target of $59.00.

Calian Group Ltd. (CGY:CA) had its target price lowered by Ventum Financial, maintaining a Buy rating with a new target of $58.00.

Canadian Imperial Bank of Commerce (CM:CA) had its target price raised by Barclays Capital, maintaining an Underweight rating and setting a target of $96.00.

CAP REIT (CAR.UN:CA) was downgraded to Sector Perform by Scotiabank, with a target of $47.50.

CCL Industries Inc. (CCL.B:CA) had its Outperform rating maintained by CIBC, with a new target price of $93.00.

Constellation Software Inc. (CSU:CA) had its Buy rating maintained by Morningstar, with a target price of $5,230.00.

Endeavour Silver Corp. (EDV:CA) had its Neutral rating maintained by CIBC, with a target of $10.00.

Equinox Gold Corp. (EQX:CA) had its Neutral rating maintained by CIBC, with a new target of $11.00.

Gildan Activewear Inc. (GIL:CA) had its target price raised by Scotiabank to $85.00.

Gildan Activewear Inc. (GIL:CA) had its Outperform rating and $85.00 target reaffirmed by National Bank.

Gildan Activewear Inc. (GIL:CA) received a target price increase from Stifel Nicolaus, with a Buy rating and a new target of $75.00 USD.

Gildan Activewear Inc. (GIL:CA) had a Buy rating with a $60.00 USD target issued by Citigroup.

Gildan Activewear Inc. (GIL:CA) was given a target price increase by RBC Capital, maintaining an Outperform rating and setting a new target of $94.00.

Gildan Activewear Inc. (GIL:CA) had its Outperform rating and $85.00 target reaffirmed by Scotiabank.

Gildan Activewear Inc. (GIL:CA) received a target price increase from Canaccord Genuity, with a Buy rating and a new target of $67.00 USD.

H&R REIT (HR.UN:CA) had its Outperform rating maintained by CIBC, with a new target price of $12.00.

Hudbay Minerals Inc. (HBM:CA) had its target price increased by National Bank, with an Outperform rating and a new target of $17.50.

Hudbay Minerals Inc. (HBM:CA) received a target price increase from Stifel Nicolaus, maintaining a Buy rating with a new target of $20.00.

Hydro One Ltd. (H:CA) had its Hold rating and $54.00 target reaffirmed by TD Securities.

Hydro One Ltd. (H:CA) also had a target increase to $48.00 by National Bank, maintaining a Sector Perform rating.

Hydro One Ltd. (H:CA) received a target increase from Desjardins Securities, maintaining a Buy rating with a new target of $59.00.

Hydro One Ltd. (H:CA) was given a target price increase by Raymond James, maintaining a Market Perform rating and a target of $49.00.

IGM Financial Inc. (IGM:CA) had its Hold rating maintained by Morningstar, with a target price of $54.00.

KP Tissue Inc. (KPT:CA) had its target price increased by Desjardins Securities, maintaining a Hold rating with a new target of $10.00.

KP Tissue Inc. (KPT:CA) also had a Sector Perform rating and $10.00 target reaffirmed by National Bank.

Linamar Corporation (LNR:CA) received a target price increase from BMO Capital Markets to $80.00.

Linamar Corporation (LNR:CA) had its Buy rating and $85.00 target reaffirmed by TD Securities.

Linamar Corporation (LNR:CA) had a target price increase by Scotiabank, maintaining a Sector Perform rating with a target of $80.00.

Linamar Corporation (LNR:CA) had its Market Perform rating and $80.00 target reaffirmed by Raymond James.

Linamar Corporation (LNR:CA) had its Neutral rating reaffirmed by CIBC, with a raised target of $77.00.

Metro Inc. (MRU:CA) was downgraded to Sector Perform by National Bank, with a new target of $110.00.

National Bank of Canada (NA:CA) received a target price increase from Barclays Capital, with an Equal-Weight rating and a target of $147.00.

North American Construction Group Ltd. (NOA:CA) had its Outperform rating maintained by CIBC, with a new target of $36.00.

North American Construction Group Ltd. (NOA:CA) was downgraded to Hold by TD Securities, with a target price of $21.00.

Northland Power Inc. (NPI:CA) had its Outperform rating maintained by CIBC, with a target of $29.00.

Rogers Communications Inc. (RCI.B:CA) had its Outperform rating maintained by CIBC, with a new target of $55.00.

Rogers Sugar Inc. (RSI:CA) had its target price increased by Scotiabank to $6.50.

Royal Bank of Canada (RY:CA) had its target raised by Barclays Capital, maintaining an Overweight rating with a target of $190.00.

Sienna Senior Living Inc. (SIA:CA) had its target price raised by Desjardins Securities, maintaining a Buy rating and setting a target of $21.00.

SmartCentres REIT (SRU.UN:CA) had its Outperform rating reaffirmed by RBC Capital, with a new target of $29.00.

Stantec Inc. (STN:CA) had its Outperform rating maintained by CIBC, with a new target of $168.00.

Superior Plus Corp. (SPB:CA) had its Outperform rating maintained by Raymond James, but the target was lowered to $10.00.

TC Energy (TRP:CA) had its target price increased by Barclays Capital to $75.00.

Toronto-Dominion Bank (TD:CA) had its target price raised by Barclays Capital, maintaining an Underweight rating with a new target of $95.00.

VerticalScope Holdings Inc. (FORA:CA) was downgraded to Hold by TD Securities, with a new target of $4.00.

VerticalScope Holdings Inc. (FORA:CA) also had its Sector Perform rating and $5.50 target reaffirmed by National Bank.

VerticalScope Holdings Inc. (FORA:CA) was downgraded to Neutral by CIBC, with a reduced target of $4.00.

WELL Health Technologies Corp. (WELL:CA) had its Neutral rating maintained by CIBC, with a target price of $5.25.

Zedcor Inc. (ZDC:CA) had its Outperform rating and target price of $5.50 reaffirmed by National Bank.

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