Analyst Ratings (Canada)
The analyst outlook for today is mixed to moderately bullish, with the strongest positive sentiment in utilities, copper and environmental services, where “Buy” ratings and target increases indicate confidence in defensive cash flows and improving commodity and infrastructure demand. Financials remain mainly positive but more divided. Industrials are also positive, highlighted by a substantial target increase for Bombardier, while communications remain more neutral with a target reduction for Cogeco. The consumer and healthcare-related sectors are more cautious, with a target reduction for Jamieson Wellness despite its tender-related rating. Overall, the tone favours selected financials, copper, utilities and infrastructure, but the mixed revisions on EQB and other individual names show that analysts remain selective on valuation and company-specific risks.
16 Analyst Updates
Algonquin Power & Utilities Corp. (AQN:CA): TD-Securities maintained a Hold rating with an $8.00 target price.
Bombardier Inc. (BBD.B:CA): JPMorgan raised its target price to $350.00 from $295.00.
Capstone Copper Corp. (CS:CA): TD-Securities maintained a Buy rating with a $16.00 target price.
Capstone Copper Corp. (CS:CA): Goldman Sachs raised its target price to $18.00 from $15.00 and maintained a Buy rating.
Cogeco Communications Inc. (CCA:CA): National Bank lowered its target price to $69.00 from $70.00 and maintained a Sector Perform rating.
EQB-Inc. (EQB:CA): Scotiabank lowered its target price to $135.00 from $141.00, and maintained the Sector Perform rating.
GFL-Environmental Inc. (GFL:CA): CIBC World Markets raised its target price to $82.00 from $76.00.
Jamieson Wellness Inc. (JWEL:CA): National Bank lowered its target price to $45.75 from $51.00 and maintained a Tender rating.
Kits Eyecare Ltd. (KITS:CA): Desjardins Securities maintained a Buy rating with a $23.00 target price.
Oceanic Iron Ore Corp. (FEO:CA): Canaccord Genuity maintained a Speculative Buy rating with a $1.50 target price.
Propel Holdings Inc. (PRL:CA): Stifel Nicolaud maintained a Buy rating with a $38.00 target price.
Royal Bank of Canada (RY:CA): KBW raised its target price to $324.00 from $316.00.
TD-Bank Group (TD:CA): KBW raised its target price to $187.00 from $180.00.
Thomson Reuters Corp. (TRI:CA): TD-Securities maintained a Buy rating with a $200.00 target price.
White Gold Corp. (WGO:CA): Canaccord Genuity maintained a Speculative Buy rating with a $3.40 target price.
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