Analyst Ratings (Canada)
Analyst sentiment for today is positive but very selective, led by a strong Financial sector outlook as Barclays Capital raised target prices across major Canadian banks, while TD-Bank suggests some valuation caution. Precious Metals and Mining also remain firmly positive with targets being raised, while Cannabis and Industrials are stable to positive. In contrast, Consumer Discretionary and Travel sectors are weaker, highlighted by the several downgrades,. The overall theme is, investors continue to favour financials and resource stocks while remaining cautious on higher-risk consumer and travel names.
25 Analyst Updates
Bank of Montreal (BMO:CA): Barclays Capital raised its price target to $240 from $203. KBW set an Outperform rating with a $295 price target.
Bank of Nova Scotia (BNS:CA): Barclays Capital raised its price target to $130 from $110. KBW set an Outperform rating with a $148 price target.
BlackRock Silver Corp. (BRC:CA): Canaccord Genuity initiated coverage with a Speculative Buy rating and a $2.10 price target.
CIBC (CM:CA): Barclays Capital raised its price target to $170 from $144. KBW set a Market Perform rating with a $186 price target.
Decibel Cannabis Company (DB:CA): TD Securities maintained its Buy rating with a $0.25 price target.
IsoEnergy (ISO:CA): TD Securities maintained its Buy rating and raised its price target to $19 from $18.
Lunr Royalties (LUNR:CA): Jefferies initiated coverage with a Buy rating and a $24 price target.
National Bank of Canada (NA:CA): Barclays Capital raised its price target to $220 from $188.
Northisle Copper and Gold (NCX:CA): CIBC World Markets maintained its Outperform rating with a $7.00 price target.
OMAI Gold Mines (OMG:CA): TD Securities raised its Outperform price target to $4.75 from $4.50.
Osisko Metals (OM:CA): Scotiabank maintained its Outperform rating with a $3.00 price target.
Royal Bank of Canada (RY:CA): KBW set a Market Perform rating with a $316 price target. Barclays Capital raised its price target to $300 from $260.
Roots (ROOT:CA): TD Securities downgraded the stock to Sell and lowered its price target to $4.10 from $4.50.
TD-Bank Group (TD:CA): KBW set a Market Perform rating with a $180 price target. Barclays Capital raised its price target to $164 from $140.
Transat A.T. (TRZ:CA): CIBC World Markets downgraded the stock to Underperform and lowered its price target to $1.75 from $2.00.
Transcontinental (TCL-A:CA): TD Securities maintained its Buy rating with an $8.00 price target.
Wesdome Gold Mines (WDO:CA): CIBC World Markets raised its price target to $35 from $32.
More Ratings:
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