Analyst Ratings (Canada)
Today’s analyst updates point to a cautiously bullish market tone, with most firms raising price targets across sectors while largely maintaining existing ratings rather than upgrading them. The strongest conviction is in energy stocks, where multiple Outperform-rated names saw significant target increases, signaling confidence in commodity prices and cash flow strength. Elsewhere, sectors like financials and pipelines show modest optimism with incremental target hikes, while some industrial and cyclical names saw target cuts, reflecting selective caution.
Overall, the updates from major analysts suggest improving expectations and stability in the outlook, but not enough momentum for a broad-based bullish shift.
55 Analyst Updates
Aecon Group Inc. (ARE:CA): National Bank raised the target to $48 from $45, Outperform.
AGF Management Ltd. (AGF.B:CA): BMO raised the target to $20 from $19, Market Perform.
Air Canada (AC:CA): CIBC lowered the target to $22 from $25.
Alamos Gold Inc. (AGI:CA): Canaccord raised the target to $80 from $72.
Aritzia Inc. (ATZ:CA): TD maintained Buy, with a target of $155.
Athabasca Oil Corp. (ATH:CA): RBC raised target to $12 from $9, Sector Perform.
AtkinsRéalis Group Inc. (ATRL:CA): National Bank the lowered target to $108 from $113, and kept the Outperform rating.
AutoCanada Inc. (ACQ:CA): National Bank lowered the target to $22 from $24, Sector Perform.
Automotive Properties REIT (APR-UN:CA): TD maintained the Hold rating,with a target of $12.50.
Baytex Energy Corp. (BTE:CA): RBC raised the target to $6.50 from $5.00, Sector Perform.
Bird Construction Inc. (BDT:CA): National Bank raised the target to $48 from $39, Outperform.
Canadian Natural Resources Ltd. (CNQ:CA): RBC raised the target to $80 from $65, Outperform.
Cenovus Energy Inc. (CVE:CA): RBC raised the target to $42 from $32, Outperform.
Colliers International Group Inc. (CIGI): National Bank raised the target to $198 from $160, Outperform.
Definity Financial Corp (DFY:CA): Barclays cut the target to $78 (from $81).
DPM Metals (DPM:CA): TD maintained their Buy rating, with a target of $56.
Emera Inc. (EMA:CA): Bank of America raised the target to $74 from $73.
Endeavour Silver Corp. (EDV:CA): TD maintained a Buy rating, with a target of $21.
Endeavour Silver Corp. (EDV:CA): CIBC maintained their Outperform rating, with a target of $25.
First Quantum Minerals Ltd. (FM:CA): Scotiabank maintained the Outperform, rating with a target of $48.
Heliostar Metals Ltd. (HSTR:CA): National Bank raised the target to $4.50, with a Outperform rating.
Highlander Silver Corp. (HSLV:CA): CIBC maintained the Outperform rating, with a target of $12.
Imperial Oil (IMO:CA): JPMorgan raised their target to $155 from $108.
Imperial Oil Ltd. (IMO:CA): RBC raised their target to $124 from $116, with a Underperform rating.
Intact Financial (IFC:CA): Barclays raised their target to $322 from $319.
Luca Mining Corp. (LUCA:CA): National Bank raised the target to $3.25, with a Outperform rating.
Metro Inc. (MRU:CA): TD maintained their Buy rating,with a target of $113.
OR Royalties Inc. (OR:CA): TD maintained their Hold rating,and target of $64.
Ovintiv Inc. (OVV:CA): RBC raised their target to $97 from $76, and maintained a Outperform rating.
Parex Resources Inc. (PXT:CA): RBC raised the target to $32 from $28, with a Sector Perform.
Pembina Pipeline Corp. (PPL:CA): BMO raised the target to $63 from $60.
Pembina Pipeline Corp. (PPL:CA): Barclays raised the target to $63 from $62.
Pembina Pipeline Corp. (PPL:CA): CIBC World Markets raised their target to $66 from $64.
Pembina Pipeline Corp. (PPL:CA): TD Securities raised their target to $65 from $63, Hold.
Pembina Pipeline Corp. (PPL:CA): National Bank raised the target to $63 from $61, Outperform.
Pembina Pipeline Corp. (PPL:CA): TD Securities raised the target to $65 from $63, with a Hold rating.
Pembina Pipeline Corp. (PPL:CA): ATB Cormark raised target to $66 from $64, Outperform.
Pembina Pipeline Corp. (PPL:CA): CIBC maintained the Outperform rating, with a target of $64.
Pembina Pipeline Corp. (PPL:CA): Scotiabank maintained their Outperform rating, with a target of $65.
Russel Metals Inc. (RUS:CA): National Bank cut its target to $51 (from $56), with a Sector Perform rating.
Savaria Corp. (SIS:CA): Stifel Nicolaus raised the target to $31 from $29, with a Buy.
Sherritt International (S:CA): National Bank raised the target to $0.30, with a Sector Perform.
Stantec Inc. (STN:CA): National Bank lowered the target to $143 from $163, with a Outperform.
Stella-Jones Inc. (SJ:CA): National Bank lowered the target to $95 from $107, with a Sector Perform.
Strathcona Resources Ltd. (SCR:CA): RBC raised target to $49 from $36, with a Sector Perform.
Sun Life Financial (SLF:CA): Barclays raised the target to $85 from $84.
Suncor Energy Inc. (SU:CA): RBC raised the target to $100 from $89, with a Outperform.
Tenaz Energy Corp (TNZ:CA): CIBC raised the target to $80, with a Outperform.
TMX Group (X:CA): Barclays raised the target to $59 from $52, with a Equal-Weight.
Toromont Industries Ltd. (TIH:CA): National Bank raised the target to $214 from $208, Outperform.
Vermilion Energy Inc. (VET:CA): TD maintained the Hold rating, with a target of $16.
Vermilion Energy Inc. (VET:CA): CIBC maintained the Neutral rating, with a target of $14.
Vermilion Energy Inc. (VET:CA): Scotiabank maintained the Sector Perform rating, with a target of $16.
Vermilion Energy Inc. (VET:CA): RBC raised the target to $22 from $15, with a Sector Perform.
WSP Global Inc. (WSP:CA): National Bank lowered the target to $268 from $309, Outperform.
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