Analyst Ratings (Canada)
The following are today’s 23 entries of the latest analyst ratings tracked for Canadian-listed and Canadian-traded stocks, with several brokerages adjusting their outlooks and target prices in response to company-specific developments, earnings expectations, commodity fluctuations, and broader sector trends:
Algoma Steel Group Inc. (ASTL:CA) Jefferies & Co. initiated coverage with a target of $6.00 per share, with a Hold rating, reflecting a more balanced view on valuation amid ongoing uncertainty in steel markets.
Aritzia Inc. (ATZ:CA) Stifel Nicolaus lifed its target to $132.00 from $100.00, indicating a reassessment of valuation assumptions following recent share price performance.
Arizona Sonoran Copper Company Inc. (ASCU:CA) Scotiabank maintained its Outperform rating with a $5.00 target, reflecting continued confidence in the company’s copper exposure and project fundamentals.
AutoCanada (ACQ:CA) CIBC World Markets lifted the target to $33.00 from $30.00 while maintaining an Outperform rating, signaling improved confidence in earnings potential and operational performance.
AutoCanada Inc. (ACQ:CA) CIBC World Markets lowered its target to $30.00 from $33.00 while maintaining an Outperform rating, suggesting near-term valuation caution despite a constructive longer-term outlook.
Cargojet Inc. (CJT:CA) CIBC World Markets kept its Outperform rating and maintained their $106.00 target, reflecting confidence in the company’s dominant position in Canadian air cargo and logistics.
Champion Iron Ltd. (CIA:CA) Desjardins Securities raised its target to $7.00 from $6.00 while maintaining a Buy rating, highlighting improved sentiment towards iron ore pricing and operational execution.
CIBC (CM:CA) received target increase from RBC Capital Markets to $134.00 from $131.00 while maintaining an Outperform rating, reflecting confidence in earnings stability and capital strength.
Denison Mines (DML:CA) CIBC World Markets maintained its Buy rating with a $5.00 price target, underscoring continued confidence in the company’s uranium exposure.
Denison Mines Corp. (DML:CA) National Bank lowered its target slightly to $4.85 from $5.00 while maintaining an Outperform rating, reflecting modest valuation adjustments rather than a change in the investment thesis.
Denison Mines Corp. (DML:CA) Scotiabank maintained its Outperform rating with a $5.00 price target, reinforcing positive long-term expectations for uranium demand.
ECN Capital Corp. (ECN:CA) RBC Capital Markets lowered its target to $3.10 from $3.25 while maintaining a Sector Perform rating, indicating limited near-term upside potential.
Kelt Exploration Ltd. (KEL:CA) CIBC World Markets maintained its Outperform rating with an $11.00 target, reflecting continued confidence in the company’s energy asset base.
Linamar Corporation (LNR:CA) CIBC World Markets raised its target to $99.00 from $88.00 while maintaining an Outperform rating, driven by improving expectations for automotive production and margins.
Logan Energy Corp. (LGN:CA) CIBC World Markets maintained its Outperform rating with a $1.15 price target, indicating steady confidence in the company’s growth prospects.
Magna International (MG:CA) CIBC World Markets raised its price target to $77.00 from $69.00, while maintaining a Neutral rating, suggesting improved valuation support but limited upside relative to peers.
Martinrea International Inc. (MRE:CA) CIBC World Markets maintained its Outperform rating with a $13.00 target, reflecting stable expectations for earnings and cash flow.
Methanex Corp. (MX:CA) RBC Capital Markets maintained its Outperform rating with a $69.00 price target, reflecting confidence in long-term methanol demand.
Methanex Corporation (MX:CA) Scotiabank maintained its Outperform rating with a $66.00 target, reinforcing a positive long-term outlook despite near-term cyclicality.
Spartan Delta Corp. (SDE:CA) CIBC World Markets maintained its Outperform rating with a $9.00 target, reflecting continued confidence in Canadian energy fundamentals.
Strathcona Resources Ltd. (SCR:CA) Jefferies & Co. lowered its target to $29.00 from $38.00, reflecting a more cautious valuation outlook amid commodity price volatility.
Toronto-Dominion Bank (TD:CA) RBC Capital Markets raised the target to $133.00 from $128.00 while maintaining an Outperform rating, reflecting confidence in earnings resilience and balance sheet strength.
WSP Global Inc. (WSP:CA) BMO Capital Markets raised its target to $338.00 from $335.00, reflecting steady confidence in the company’s global engineering and consulting growth outlook.
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