Analyst Ratings Canada
Canadian analyst sentiment was moderately bullish today, with widespread target increases across financials, energy, telecom, real estate and technology. Financials were particularly strong, led by higher targets for Manulife, while energy remained positive with several upgrades. Industrials and infrastructure were mixed, with some saw target reductions. Technology remained positive, although OpenText faced several target cuts. Consumer stocks were weaker, highlighted by broad-based target reductions for the sector. Overall, the breadth of increases versus decreases suggests a positive but selective market outlook, with analysts showing the strongest conviction in financials, energy and select and growth names.
127 Analyst Updates
Adentra Inc. (ADEN:CA): Acumen Capital raised its price target to $50.00 from $48.00.
Adentra Inc. (ADEN:CA): Desjardins Securities raised its price target to $49.00 from $47.00 and maintained a Buy rating.
Adentra Inc. (ADEN:CA): Stifel Nicolaus raised its price target to $54.00 from $48.00 and maintained a Buy rating.
AirBoss of America Corp. (BOS:CA): TD Securities raised its price target to $11.00 from C$10.00 and maintained a Buy rating.
Alaris Equity Partners Income Trust (AD.UN:CA): Desjardins Securities raised its price target to $27.50 from $27.00 and maintained a Buy rating.
Allied Gold Corp. (AAUC:CA): National Bank raised its price target to $33.00 from $29.00 and maintained a Sector Perform rating.
Altus Group Ltd. (AIF:CA): ATB Cormark raised its price target to $57.10 from $56.00 and maintained an Outperform rating.
Altus Group Ltd. (AIF:CA): BMO Capital Markets raised its price target to $50.00 from $41.00 and maintained a Sector Perform rating.
Altus Group Ltd. (AIF:CA): National Bank raised its price target to $50.00 from $41.00 and maintained a Sector Perform rating.
Altus Group Ltd. (AIF:CA): TD Securities initiated coverage with a Buy rating and a $55.00 price target.
AtkinsRéalis Group Inc. (ATRL:CA): ATB Cormark lowered its price target to $120.00 from $123.00 and maintained an Outperform rating.
AtkinsRéalis Group Inc. (ATRL:CA): BMO Capital Markets raised its price target to $110.00 from $108.00 and maintained an Outperform rating.
AtkinsRéalis Group Inc. (ATRL:CA): National Bank lowered its price target to $120.00 from $123.00 and maintained an Outperform rating.
ATS Corp. (ATS:CA): Desjardins Securities lowered its price target to $46.00 from $52.00 and maintained a Buy rating.
ATS Corp. (ATS:CA): National Bank lowered its price target to $42.00 from $57.00 and maintained an Outperform rating.
ATS Corp. (ATS:CA): Raymond James lowered its price target to $33.00 from $46.00 and maintained an Outperform rating.
ATS Corp. (ATS:CA): Stifel Nicolaus lowered its price target to $44.00 from $52.00 and maintained a Buy rating.
Aurora Cannabis (ACB:CA): TD Securities maintained a Buy rating with a $8.00 price target.
BCE Inc. (BCE:CA): Desjardins Securities lowered its price target to $41.00 from $43.50 and maintained a Buy rating.
BCE Inc. (BCE:CA): Scotiabank raised its price target to $40.00 from $39.00 and maintained a Outperform rating.
BCE Inc. (BCE:CA): TD Securities maintained a Buy rating with a $37.00 price target.
Canadian Natural Resources Ltd. (CNQ:CA): Raymond James raised its price target to $66.00 from $65.00 and maintained an Outperform rating.
Canadian Natural Resources Ltd. (CNQ:CA): Scotiabank raised its price target to $73.00 from $71.00 and maintained a Sector Perform rating.
Canadian Natural Resources Ltd. (CNQ:CA): TD Securities raised its price target to C$73.00 from C$72.00 and maintained a Buy rating.
Cascades Inc. (CAS:CA): TD Securities maintained a Buy rating with a $19.00 price target.
CES Energy Solutions Corp. (CEU:CA): National Bank upgraded its rating to Outperform and assigned a $20.00 price target.
CES Energy Solutions Corp. (CEU:CA): TD Securities maintained a Hold rating with a $18.00 price target.
Dominion Lending Centres Inc. (DLCG:CA): Desjardins Securities raised its price target to $13.50 from $11.75 and maintained a Buy rating.
Dominion Lending Centres Inc. (DLCG:CA): Raymond James raised its price target to $12.50 from $11.00 and maintained an Outperform rating.
Dorel Industries Inc. (DII.B:CA): TD Securities lowered its price target to $1.50 from C$2.00 and maintained a Hold rating.
Enerflex Ltd. (EFX:CA): Raymond James raised its price target to $48.00 from $47.00 and maintained an Outperform rating.
Enerflex Ltd. (EFX:CA): TD Securities maintained a Buy rating with a $43.00 price target.
Ero Copper Corp. (ERO:CA): National Bank raised its price target to $52.50 from $50.00 and maintained an Outperform rating.
Ero Copper Corp. (ERO:CA): TD Securities raised its price target to $45.00 from $44.00 and maintained a Hold rating.
Finning International Inc. (FTT:CA): BMO Capital Markets raised its price target to $122.00 from $118.00 and maintained an Outperform rating.
Finning International Inc. (FTT:CA): National Bank raised its price target to $118.00 from $115.00 and maintained an Outperform rating.
Finning International Inc. (FTT:CA): TD Securities maintained a Buy rating with a $124.00 price target.
Flagship Communities REIT (MHC.U:CA): TD Securities raised its price target to $26.00 from $25.00 and maintained a Buy rating.
Granite REIT (GRT.UN:CA): Desjardins Securities raised its price target to $108.00 from $106.00 and maintained a Buy rating.
Granite REIT (GRT.UN:CA): Raymond James lowered its price target to $106.00 from $110.00 and maintained an Outperform rating.
Granite REIT (GRT.UN:CA): TD Securities raised its price target to C$103.00 from C$101.00 and maintained a Buy rating.
Jamieson Wellness Inc. (JWEL:CA): CIBC World Markets raised its price target to $45.75 from $44.00 and changed its rating to Tender.
Jamieson Wellness Inc. (JWEL:CA): Stifel Nicolaus raised its price target to $45.75 from $45.00 and downgraded its rating to Hold from Buy.
Kelt Exploration Ltd. (KEL:CA): TD Securities raised its price target to $12.00 from $11.00 and maintained a Buy rating.
Keyera Corp. (KEY:CA): Barclays Capital raised its price target to $61.00 from $56.00.
Keyera Corp. (KEY:CA): TD Securities maintained a Buy rating with a $70.00 price target.
Killam Apartment REIT (KMP.UN:CA): Raymond James raised its price target to $21.25 from $21.00 and maintained an Outperform rating.
Killam Apartment REIT (KMP.UN:CA): Scotiabank raised its price target to $20.25 from $20.00 and maintained a Outperform rating.
Killam Apartment REIT (KMP.UN:CA): TD Securities raised its price target to C$22.00 from C$21.00 and maintained a Buy rating.
Kinaxis Inc. (KXS:CA): BMO Capital Markets raised its price target to $200.00 from $195.00 and maintained an Outperform rating.
Kinaxis Inc. (KXS:CA): National Bank raised its price target to $210.00 from $200.00 and maintained an Outperform rating.
Kinaxis Inc. (KXS:CA): TD Securities maintained a Buy rating with a $200.00 price target.
Labrador Iron Ore Royalty Corp. (LIF:CA): TD Securities maintained a Hold rating with a $28.00 price target.
Lundin Mining Corp. (LUN:CA): TD Securities lowered its price target to C$42.00 from C$43.00 and maintained a Buy rating.
Manulife Financial Corp. (MFC:CA): BMO Capital Markets raised its price target to $70.00 from $67.00 and maintained an Outperform rating.
Manulife Financial Corp. (MFC:CA): Desjardins Securities raised its price target to $68.00 from $63.00 and maintained a Buy rating.
Manulife Financial Corp. (MFC:CA): RBC Capital Markets raised its price target to $67.00 from $55.00 and maintained an Outperform rating.
Manulife Financial Corp. (MFC:CA): Scotiabank raised its price target to $67.00 from $61.00 and maintained a Outperform rating.
NexGen Energy Ltd. (NXE:CA): TD Securities maintained a Buy rating with a $20.00 price target.
NFI Group Inc. (NFI:CA): BMO Capital Markets raised its price target to $32.00 from $27.00.
Open Text Corp. (OTEX:CA): Citigroup raised its price target to $39.00 from C$35.00 and maintained a Neutral rating.
Open Text Corp. (OTEX:CA): Raymond James lowered its price target to $41.0o from $48.75 and downgraded its rating to Market Perform.
Open Text Corp. (OTEX:CA): Scotiabank lowered its price target to $46.00 from C$55.75 and maintained a Outperform rating.
Open Text Corp. (OTEX:CA): TD Securities maintained a Hold rating with a C$37.60 price target.
Paramount Resources Ltd. (POU:CA): ATB Cormark raised its price target to $37.00 from $35.00 and maintained an Outperform rating.
Paramount Resources Ltd. (POU:CA): BMO Capital Markets raised its price target to $37.00 from $35.00 and maintained an Outperform rating.
Paramount Resources Ltd. (POU:CA): RBC Capital Markets raised its price target to $37.00 from $35.00 and maintained a Sector Perform rating.
Paramount Resources Ltd. (POU:CA): Scotiabank raised its price target to $36.00 from $34.00 and maintained a Sector Perform rating.
Plaza Retail REIT (PLZ.UN:CA): Desjardins Securities raised its price target to $5.50 from $5.00 while downgrading its rating to Hold from Buy.
Premium Brands Holding Corp. (PBH:CA): TD Securities lowered its price target to C$130.00 from C$140.00 and maintained a Buy rating.
Premium Brands Holdings Corp. (PBH:CA): ATB Cormark lowered its price target to $130.00 from $150.00 and maintained an Outperform rating.
Premium Brands Holdings Corp. (PBH:CA): BMO Capital Markets lowered its price target to $111.00 from $118.00.
Premium Brands Holdings Corp. (PBH:CA): Canaccord Genuity lowered its price target to $117.00 from $123.00.
Premium Brands Holdings Corp. (PBH:CA): CIBC World Markets lowered its price target to $100.00 from $115.00.
Premium Brands Holdings Corp. (PBH:CA): Desjardins Securities lowered its price target to $110.00 from $120.00 and maintained a Buy rating.
Premium Brands Holdings Corp. (PBH:CA): National Bank lowered its price target to $98.00 from $108.00 and maintained a Sector Perform rating.
Premium Brands Holdings Corp. (PBH:CA): RBC Capital Markets lowered its price target to $120.00 from $131.00 and maintained an Outperform rating.
Premium Brands Holdings Corp. (PBH:CA): Scotiabank lowered its price target to $105.00 from $110.00 and maintained a Sector Outperform rating.
Premium Brands Holdings Corp. (PBH:CA): Stifel Nicolaus lowered its price target to $105.00 from $117.00 and maintained a Buy rating.
Premium Brands Holdings Corp. (PBH:CA): Ventum Capital lowered its price target to $127.00 from $128.00 and maintained a Buy rating.
Propel Holdings Inc. (PRL:CA): ATB Cormark raised its price target to $38.00 from $29.00 and maintained an Outperform rating.
Propel Holdings Inc. (PRL:CA): Scotiabank raised its price target to $29.00 from $27.00 and maintained a Sector Perform rating.
Propel Holdings Inc. (PRL:CA): Stifel Nicolaus raised its price target to $38.00 from $34.00 and maintained a Buy rating.
Propel Holdings Inc. (PRL:CA): TD Securities raised its price target to C$37.00 from C$33.00 and maintained a Buy rating.
Propel Holdings Inc. (PRL:CA): Ventum Capital raised its price target to $34.00 from $30.00 and maintained a Buy rating.
Quebecor Inc. (QBR.B:CA): ATB Cormark raised its price target to $77.00 from $69.00 and maintained an Outperform rating.
Quebecor Inc. (QBR.B:CA): Desjardins Securities raised its price target to $76.00 from $72.00 and maintained a Buy rating.
Quebecor Inc. (QBR.B:CA): RBC Capital Markets raised its price target to $71.00 from $70.00 and maintained a Sector Perform rating.
Quebecor Inc. (QBR.B:CA): Scotiabank raised its price target to $66.00 from $63.50 and maintained a Sector Perform rating.
Quebecor Inc. (QBR.B:CA): TD Securities raised its price target to $80.00 from C$78.00 and maintained a Buy rating.
Restaurant Brands International Inc. (QSR:CA): Scotiabank lowered its price target to $113.00 USD from $115.00 and maintained a Sector Perform rating.
RioCan REIT (REI.UN:CA): RBC Capital Markets raised its price target to $25.00 from $24.00 and maintained an Outperform rating.
Rogers Sugar Inc. (RSI:CA): TD Securities maintained a Hold rating with a $7.00 price target.
Savaria Corp. (SIS:CA): ATB Cormark raised its price target to $38.00 from $35.00 and maintained an Outperform rating.
Savaria Corp. (SIS:CA): Desjardins Securities raised its price target to $39.00 from $36.00 and maintained a Buy rating.
Savaria Corp. (SIS:CA): TD Securities raised its price target to $37.00 from $35.00 and maintained a Buy rating.
South Bow Corp. (SOBO:CA): Barclays Capital raised its price target to $49.00 from $48.00.
South Bow Corp. (SOBO:CA): Raymond James raised its price target to $62.00 from $61.00 and maintained an Outperform rating.
Stella-Jones Inc. (SJ:CA): Desjardins Securities lowered its price target to $99.00 from $104.00 and maintained a Buy rating.
Stella-Jones Inc. (SJ:CA): National Bank lowered its price target to $92.00 from $95.00 and maintained a Sector Perform rating.
Stella-Jones Inc. (SJ:CA): Raymond James lowered its price target to $83.00 from $90.00 and maintained an Outperform rating.
Stella-Jones Inc. (SJ:CA): RBC Capital Markets lowered its price target to $79.00 from $82.00 and maintained a Sector Perform rating.
Strathcona Resources Ltd. (SCR:CA): TD Securities maintained a Buy rating with a $47.00 price target.
Sun Life Financial (SLF:CA): Barclays Capital raised its price target to $98.00 from $96.00.
Sun Life Financial Inc. (SLF:CA): TD Securities raised its price target to C$124.00 from C$121.00 and maintained a Buy rating.
Superior Plus Corp. (SPB:CA): TD Securities maintained a Hold rating with a $8.00 price target.
Tenaz Energy Corp. (TNZ:CA): BMO Capital Markets raised its price target to $75.00 from $70.00.
Torex Gold Resources Inc. (TXG:CA): CIBC World Markets lowered its price target to $90.00 from $100.00.
Torex Gold Resources Inc. (TXG:CA): Scotiabank lowered its price target to $95.00 from $105.00.
Trisura Group Ltd. (TSU:CA): TD Securities maintained a Buy rating with a $60.00 price target.
WSP Global Inc. (WSP:CA): ATB Cormark lowered its price target to $325.00 from $330.00 and maintained an Outperform rating.
WSP Global Inc. (WSP:CA): Desjardins Securities lowered its price target to $369.00 from $372.00 and maintained a Buy rating.
WSP Global Inc. (WSP:CA): National Bank raised its price target to $219.00 from $207.00 and maintained an Outperform rating.
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