Analyst Ratings (Canada)
Today’s analyst updates reflect a moderately bullish outlook, with the strongest positive momentum in energy, natural resources and precious metal sectors, where multiple target-price increases signaled continued confidence in commodity producers and resource-linked companies. Financials delivered a mixed but generally positive outlook, with several analysts raising targets while others trimmed estimates, reflecting differing views on valuations and future earnings growth. Telecommunications and infrastructure maintained a positive tone with their ratings coverage, while industrials and aerospace showed more cautious sentiment. Overall, analyst sentiment remains constructive, with resource sectors showing the strongest momentum, while financials and cyclical sectors face greater valuation sensitivity and mixed expectations.
20 Analyst Updates
Advantage Energy Ltd. (AAV:CA): TD Securities raised its target price to $15.00 from $14.00 and maintained a Buy rating.
Altius Minerals Corp. (ALS:CA): Raymond James raised its target price to $69.00 from $66.00 and maintained an Outperform rating.
Aya Gold & Silver Inc. (AYA:CA): Desjardins Securities raised its target price to $55.00 from $38.00 and maintained a Buy rating.
BCE-Inc. (BCE:CA): Scotiabank maintained an Outperform rating with a $40.00 target price.
CAE-Inc. (CAE:CA): Bank of America lowered its target price to $38.00 from $45.00.
Calian Group Ltd. (CGY:CA): Ventum Financial maintained a Buy rating with a $106.00 target price.
Canadian Imperial Bank of Commerce (CM:CA): TD Securities maintained a Buy rating with a $175.00 target price.
Canadian Natural Resources Ltd. (CNQ:CA): CIBC World Markets raised its target price to $75.00 from $70.00.
Cenovus Energy Inc. (CVE:CA): CIBC World Markets raised its target price to $52.00 from $48.00.
Enbridge Inc. (ENB:CA): Scotiabank maintained an Outperform rating with an $84.00 target price.
Groupe Dynamite Inc. (GRGD:CA): National Bank maintained an Outperform rating with a $91.00 target price.
National Bank of Canada (NA:CA): Jefferies & Co. raised its target price to $212.00 from $208.00.
National Bank of Canada (NA:CA): TD Securities lowered its target price to $226.00 from $227.00 and maintained a Hold rating.
National Bank of Canada (NA:CA): RBC Capital raised its target price to $224.00 from $214.00 and maintained a Sector Perform rating.
National Bank of Canada (NA:CA): Desjardins Securities lowered its target price to $230.00 from $238.00 and maintained a Hold rating.
National Bank of Canada (NA:CA): Scotiabank raised its target price to $243.00 from $241.00 and maintained a Outperform rating.
National Bank of Canada (NA:CA): Raymond James lowered its target price to $223.00 from $226.50 and maintained a Market Perform rating.
Royal Bank of Canada (RY:CA): TD Securities lowered its target price to $306.00 from $307.00 while maintaining a Buy rating.
Telesat Corp. (TSAT:CA): RBC Capital maintained an Outperform rating with a $95.00 target price.
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