Canadian Analyst Updates: August 10th, 2026

Analyst Ratings Canada

Today’s analyst outlook was moderately bullish across various Canadian market sectors, with the strongest sentiment in industrials, infrastructure, transportation, gold and mining, energy, financials and selected technology stocks. Materials and precious metals remained well supported, while energy and utilities were generally positive despite some target reductions. Financials were mixed but quite positive overall, with strong upward revisions offset by weakness in asset management. Technology remained selectively bullish, although some software names faced downgrades and lower targets. Real estate was broadly stable, with most REITs retaining positive ratings, while consumer and retail stocks were mixed. Overall, analyst sentiment favoured industrials, infrastructure, precious metals, energy and select financial and technology sectors, while caution remained toward weaker consumer, software and asset-management areas.

136 Analyst Updates

Adentra Inc. (ADEN:CA): Scotiabank raised its price target to C$49.00 from C$47.00 and maintained a Outperform rating.

AirBoss of America Corp. (BOS:CA): National Bank raised its price target to C$8.00 from C$7.00 and maintained a Sector Perform rating.

Alaris Equity Partners (AD.UN:CA): Canaccord Genuity raised its price target to C$30.00 from C$27.50.

Algonquin Power & Utilities Corp. (AQN:CA): TD Securities maintained a Hold rating with a C$6.00 price target.

AtkinsRéalis Group (ATRL:CA): TD Securities raised its price target to C$118.00 from C$117.00 and maintained a Buy rating.

AtkinsRealis Group Inc. (ATRL:CA): RBC Capital raised its price target to C$121.00 from C$120.00 and maintained an Outperform rating.

AtkinsRealis Group Inc. (ATRL:CA): Stifel Nicolaus lowered its price target to C$102.00 from C$105.00 while maintaining a Buy rating.

Atrium Mortgage Investment Corp. (AI:CA): TD Securities maintained a Buy rating with a C$13.00 price target.

ATS-Corporation (ATS:CA): RBC Capital lowered its price target to C$41.00 from C$50.00.

ATS-Corporation (ATS:CA): TD Securities downgraded the stock to Hold and lowered its price target to C$33.00 from C$49.00.

ATS-Corporation (ATS:CA): TD Securities downgraded the stock to Hold and lowered its price target to C$33.00 from C$49.00.

B2Gold Corp. (BTO:CA): ATB Cormark upgraded the stock to Outperform and raised its price target to C$11.00 from C$6.50.

B2Gold Corp. (BTO:CA): Scotiabank upgraded the stock to Sector Outperform with a C$10.00 price target.

B2Gold Corp. (BTO:CA): TD Securities upgraded the stock to Buy and raised its price target to C$8.50 from C$6.00.

Brookfield Corp. (BN:CA): TD Securities maintained a Buy rating with a C$83.50 price target.

Canaccord Genuity Group Inc. (CF:CA): ATB Cormark raised its price target to C$19.50 from C$18.25 and maintained an Outperform rating.

Canaccord Genuity Group Inc. (CF:CA): Raymond James downgraded the stock to from a Strong Buy Outperform rating.

Canadian Apartment Properties REIT (CAR.UN:CA): TD Securities maintained a Buy rating with a C$45.00 price target.

Canadian Tire Corp. Ltd. (CTC.A:CA): RBC Capital raised its price target to C$218.00 from C$216.00 and maintained an Outperform rating.

CAP REIT (CAR.UN:CA): Scotiabank raised its price target to C$38.50 and maintained a Sector Perform rating.

Capreit (CAR.UN:CA): CIBC World Markets lowered its price target to C$40.00 from C$45.00.

Cascades Inc. (CAS:CA): Desjardins Securities raised its price target to C$19.00 from C$13.00 and maintained a Hold rating.

Cascades Inc. (CAS:CA): National Bank raised its price target to C$17.00 from C$13.00 and maintained a Sector Perform rating.

Cascades Inc. (CAS:CA): RBC Capital raised its price target to C$18.00 from C$15.00 and maintained an Outperform rating.

Celestica Inc. (CLS:CA): TD Securities maintained a Buy rating with a C$599.00 price target.

CES Energy Solutions Corp. (CEU:CA): Scotiabank raised its price target to C$22.00 from C$21.00 and maintained a Outperform rating.

CES Energy Solutions Corp. (CEU:CA): Raymond James raised its price target to C$25.00 from C$23.00 and maintained an Outperform rating.

Chartwell Retirement Residences (CSH.UN:CA): TD Securities maintained a Buy rating with a C$27.00 price target.

Constellation Software Inc. (CSU:CA): Desjardins Securities raised its price target to C$3,900.00 from C$3,800.00 and maintained a Buy rating.

Crombie REIT (CRR.UN:CA): TD Securities maintained a Buy rating with a C$19.00 price target.

Docebo Inc. (DCBO:CA): ATB Cormark raised its price target to C$44.00 from C$35.00 and maintained an Outperform rating.

Docebo Inc. (DCBO:CA): National Bank raised its price target to $33.00 from C$30.00 and maintained a Sector Perform rating.

Docebo Inc. (DCBO:CA): TD Securities maintained a Buy rating with a C$39.00 price target.

Dominion Lending Centres Inc. (DLCG:CA): Canaccord Genuity lowered its price target to C$10.25 from C$11.50 and maintained a Hold rating.

Dominion Lending Centres Inc. (DLCG:CA): National Bank raised its price target to C$13.00 from C$11.00 and maintained an Outperform rating.

Dream Office REIT (D.UN:CA): National Bank raised its price target to C$20.50 from C$20.00 and maintained a Sector Perform rating.

Emera Inc. (EMA:CA): Barclays Capital lowered its price target to C$71.00 from C$74.00.

Emera Inc. (EMA:CA): Raymond James raised its price target to C$77.00 from C$75.25 and maintained an Outperform rating.

Emera Inc. (EMA:CA): RBC Capital raised its price target to C$84.00 from C$76.00 and maintained an Outperform rating.

Emera Inc. (EMA:CA): TD Securities raised its price target to C$79.00 from C$77.00 and maintained a Buy rating.

Ensign Energy Services Inc. (ESI:CA): TD Securities maintained a Hold rating with a C$3.50 price target.

Extendicare Inc. (EXE:CA): Canaccord Genuity raised its price target to C$44.00 from C$37.00 and maintained a Buy rating.

Extendicare Inc. (EXE:CA): Desjardins Securities lowered its price target to C$39.00 from C$40.00 while maintaining a Buy rating.

Extendicare Inc. (EXE:CA): TD Securities maintained a Buy rating with a C$39.00 price target.

Fiera Capital Corp. (FSZ:CA): Desjardins Securities lowered its price target to C$5.00 from C$5.50 and maintained a Hold rating.

Fiera Capital Corp. (FSZ:CA): National Bank lowered its price target to C$5.00 from C$5.50 and maintained a Sector Perform rating.

Fiera Capital Corp. (FSZ:CA): RBC Capital lowered its price target to C$5.00 from C$6.00 while maintaining an Outperform rating.

Fiera Capital Corp. (FSZ:CA): TD Securities lowered its price target to C$5.00 from C$5.50 and maintained a Hold rating.

Finning International Inc. (FTT:CA): RBC Capital lowered its price target to C$129.00 from C$130.00 while maintaining an Outperform rating.

Goeasy Ltd. (GSY:CA): Desjardins Securities raised its price target to C$56.00 from C$38.00 and maintained a Buy rating.

Goeasy Ltd. (GSY:CA): Jefferies & Co raised its price target to C$51.00 from C$45.00.

Goeasy Ltd. (GSY:CA): National Bank raised its price target to C$53.00 from C$43.00 and maintained a Sector Perform rating.

Goeasy Ltd. (GSY:CA): RBC Capital raised its price target to C$35.00 from C$30.00.

Goeasy Ltd. (GSY:CA): TD Securities raised its price target to C$50.00 from C$32.00 and maintained a Hold rating.

Healwell-AI Inc. (AIDX:CA): Stifel Nicolaus lowered its price target to C$2.25 from C$2.50 while maintaining a Buy rating.

HEALWELL-AI Inc. (AIDX:CA): TD Securities maintained a Buy rating with a C$1.75 price target.

Healwell-AI Inc. (AIDX:CA): Ventum Financial lowered its price target to C$1.75 from C$2.50 while maintaining a Buy rating.

Iamgold Corp. (IMG:CA): National Bank raised its price target to C$32.00 from C$31.00 and maintained an Outperform rating.

IAMGOLD Corp. (IMG:CA): TD Securities maintained a Buy rating with a C$35.00 price target.

illumin Holdings Inc. (ILLM:CA): TD Securities raised its price target to C$1.00 from C$0.90 and maintained a Hold rating.

Interfor Corp. (IFP:CA): TD Securities raised its price target to C$16.00 from C$14.00 and maintained a Hold rating.

Interfor Corporation (IFP:CA): Scotiabank raised its price target to C$20.00 and maintained a Outperform rating.

Jamieson Wellness Inc. (JWEL:CA): Canaccord Genuity raised its price target to C$45.75 from C$44.50 and maintained a Hold rating.

Jamieson Wellness Inc. (JWEL:CA): RBC Capital downgraded the stock to Sector Perform and lowered its price target to C$45.75 from C$46.00.

Jamieson Wellness Inc. (JWEL:CA): TD Securities downgraded the stock to Hold and raised its price target to C$49.00 from C$48.00.

Keyera Corp. (KEY:CA): RBC Capital raised its price target to C$66.00 from C$62.00 and maintained an Outperform rating.

Lassonde Industries Inc. (LAS.A:CA): Canaccord Genuity lowered its price target to C$280.00 from C$290.00 while maintaining a Buy rating.

Lassonde Industries Inc. (LAS.A:CA): National Bank lowered its price target to C$257.00 from C$260.00 and maintained a Sector Perform rating.

Lassonde Industries Inc. (LAS.A:CA): Stifel Nicolaus raised its price target to C$300.00 from C$280.00 and maintained a Buy rating.

Leon’s Furniture Ltd. (LNF:CA): National Bank lowered its price target to C$34.00 from C$35.00 while maintaining an Outperform rating.

Leon’s Furniture Ltd. (LNF:CA): RBC Capital lowered its price target to C$32.00 from C$33.00 while maintaining an Outperform rating.

Leon’s Furniture Ltd. (LNF:CA): Stifel Nicolaus lowered its price target to C$25.50 from C$27.00 and maintained a Hold rating.

Logan Energy Corp. (LGN:CA): RBC Capital initiated coverage with an Outperform rating and a C$1.50 price target.

Lundin Gold Inc. (LUG:CA): CIBC World Markets lowered its price target to C$131.00 from C$137.00.

MDA-Space Ltd. (MDA:CA): ATB Cormark lowered its price target to C$48.00 from C$51.00 and maintained a Sector Perform rating.

MDA-Space Ltd. (MDA:CA): Canaccord Genuity lowered its price target to C$64.00 from C$65.00 while maintaining a Buy rating.

MDA-Space Ltd. (MDA:CA): Scotiabank raised its price target to C$70.00 and maintained a Outperform rating.

MDA-Space Ltd. (MDA:CA): RBC Capital raised its price target to C$60.00 from C$58.00 and maintained an Outperform rating.

Minto Apartment REIT (MI.UN:CA): TD Securities maintained a Buy rating with a C$16.50 price target.

NFI- Group Inc. (NFI:CA): ATB Cormark raised its price target to C$32.00 from C$31.00 and maintained an Outperform rating.

NFI-Group Inc. (NFI:CA): Canaccord Genuity raised its price target to C$36.00 from C$35.00 and maintained a Buy rating.

NFI-Group Inc. (NFI:CA): National Bank raised its price target to C$30.00 from C$29.00 and maintained an Outperform rating.

NFI-Group Inc. (NFI:CA): Stifel Nicolaus raised its price target to C$31.00 from C$26.00 and maintained a Buy rating.

NFI-Group Inc. (NFI:CA): TD Securities raised its price target to C$33.00 from C$26.00 and maintained a Buy rating.

Nutrien Ltd. (NTR:CA): National Bank lowered its price target to US$74.00 from US$76.00 while maintaining an Outperform rating.

Open Text Corp. (OTEX): Citigroup raised its price target to C$39.01 from C$34.83 and maintained a Neutral rating.

Open Text Corp. (OTEX:CA): Raymond James downgraded the stock to Market Perform and lowered its price target to C$41.00 from C$48.76.

Open Text Corp. (OTEX:CA): Scotiabank lowered its price target to C$46.00 from C$55.73 while maintaining a Sector Outperform rating.

Open Text Corp. (OTEX:CA): TD Securities maintained a Hold rating with a C$37.50 price target.

Rogers Sugar Inc. (RSI): Scotiabank raised the price target to C$6.50 and maintained an SU rating.

Russel Metals Inc. (RUS:CA): National Bank raised its price target to C$75.00 from C$57.00 and maintained a Sector Perform rating.

Russel Metals Inc. (RUS:CA): Raymond James downgraded the stock to Market Perform while raising its price target to C$82.00 from C$70.00.

Russel Metals Inc. (RUS:CA): RBC Capital raised its price target to C$92.00 from C$68.00 and maintained an Outperform rating.

Russel Metals Inc. (RUS:CA): Stifel Nicolaus raised its price target to C$85.00 from C$64.00 and maintained a Hold rating.

Saputo Inc. (SAP:CA): National Bank raised its price target to C$45.00 from C$44.00 and maintained a Sector Perform rating.

Saputo Inc. (SAP:CA): TD Securities raised its price target to C$53.00 from C$51.00 and maintained a Buy rating.

Saputo Inc. (SAP:CA): Ventum Financial initiated coverage with a Buy rating and a C$49.00 price target.

SmartCentres REIT (SRU.UN:CA): TD Securities maintained a Buy rating with a C$33.00 price target.

South Bow Corp. (SOBO:CA): RBC Capital raised its price target to C$54.00 from C$49.00 and maintained an Outperform rating.

Stella-Jones Inc. (SJ:CA): TD Securities maintained a Buy rating with a C$93.00 price target.

Sun Life Financial Inc. (SLF:CA): Desjardins Securities raised its price target to C$122.00 from C$120.00 and maintained a Buy rating.

Sun Life Financial Inc. (SLF:CA): Jefferies & Co raised its price target to C$141.00 from C$131.00.

Sun Life Financial Inc. (SLF:CA): Scotiabank raised its price target to C$118.00 and maintained a Sector Perform rating.

Sun Life Financial Inc. (SLF:CA): RBC Capital raised its price target to C$119.00 from C$98.00 and maintained a Sector Perform rating.

Sun Life Financial Inc. (SLF:CA): Scotiabank raised its price target to C$118.00 from C$110.00 and maintained a Sector Perform rating.

Superior Plus Corp. (SPB:CA): Scotiabank raised its price target to C$9.00 and maintained a Sector Perform rating.

Superior Plus Corp. (SPB:CA): Desjardins Securities raised its price target to C$8.75 from C$8.00 and maintained a Hold rating.

Superior Plus Corp. (SPB:CA): RBC Capital downgraded the stock to Sector Perform and lowered its price target to C$9.00 from C$10.00.

Superior Plus Corp. (SPB:CA): Scotiabank raised its price target to C$9.00 from C$8.50 and maintained a Sector Perform rating.

The Cronos Group (CRON:CA): TD Securities raised its price target to C$6.00 from C$5.50 and maintained a Buy rating.

Torex Gold Resources Inc. (TXG:CA): National Bank lowered its price target to C$85.00 from C$89.00 while maintaining an Outperform rating.

Vitalhub Corp. (VHI:CA): TD Securities maintained a Buy rating with a C$13.00 price target.

Wajax Corp. (WJX:CA): National Bank raised its price target to C$36.00 from C$34.00 and maintained an Outperform rating.

Wajax Corp. (WJX:CA): TD Securities lowered its price target to C$34.00 from C$35.00 and maintained a Hold rating.

WELL-Health Technologies Corp. (WELL:CA): TD Securities maintained a Buy rating with a C$7.00 price target.

Wheaton Precious Metals Corp. (WPM:CA): National Bank raised its price target to C$210.00 from C$205.00 and maintained an Outperform rating.

WSP-Global Inc. (WSP:CA): RBC Capital raised its price target to C$304.00 from C$300.00 and maintained an Outperform rating.

WSP-Global Inc. (WSP:CA): Scotiabank lowered its price target to C$279.00 from C$281.00 while maintaining a Outperform rating.

WSP-Global Inc. (WSP:CA): TD Securities maintained a Buy rating with a C$255.00 price target.

Yellow Pages Ltd. (Y:CA): National Bank raised its price target to C$12.50 from C$12.00 and maintained a Sector Perform rating.

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