Analyst Ratings (Canada)
Today’s analyst updates reflect a positive outlook for Canadian stocks, with the strongest optimism centered on financials, transportation, telecommunications, industrials, and select mining companies, supported by numerous target price increases and reaffirmed Buy and Outperform ratings. Analysts also remain positive on renewable energy, infrastructure, and consumer staples, while taking a more cautious stance on select technology and real estate names through downgrades or Hold ratings. Overall, the tone suggests confidence in earnings growth and resilient fundamentals, although valuation concerns are leading analysts to become more selective in certain sectors.
52 Analyst Updates
Air Canada (AC:CA): CIBC raised its price target to C$26.00 from C$22.00 while maintaining an Outperform rating, reflecting increased confidence in the airline’s earnings recovery.
Americas Gold and Silver Corporation (USA:CA): TD Securities maintained its Buy rating with a C$9.00 price target, reaffirming a positive outlook on the company’s growth prospects.
Apotex Health Corp. (APTX:CA): Scotiabank reiterated its Outperform rating with a C$40.00 price target.
Bombardier Inc. (BBD.B:CA): CIBC raised its price target to C$365 from C$295 while maintaining a Neutral rating, acknowledging improved valuation despite a balanced outlook.
Brookfield Renewable Partners (BEP-UN:CA): Desjardins Securities increased its price target to C$49.00 from C$48.00 while maintaining a Hold rating.
Brookfield Renewable Partners (BEP.UN:CA): TD Securities maintained its Buy rating with a C$55.00 price target.
CAE Inc. (CAE:CA): CIBC raised its price target to C$47.00 from C$44.00 while reiterating its Outperform rating.
Canadian National Railway (CNR:CA): TD Securities maintained its Buy rating with a C$191.00 price target.
CGI Inc. (GIB.A:CA): TD Securities downgraded the stock to Hold from Buy and lowered its price target to C$99.00 from C$102.00, reflecting a more balanced risk-reward outlook.
Choice Properties REIT (CHP.UN:CA): CIBC raised its price target to C$17.00 from C$16.50 while maintaining an Outperform rating.
Choice Properties REIT (CHP.UN:CA): Scotiabank maintained its Outperform rating with a C$17.50 price target.
Cineplex Inc. (CGX:CA): TD Securities transferred coverage and maintained a Buy rating with a C$16.00 price target.
Dorel Industries Inc. (DII.B:CA): TD Securities transferred coverage with a Hold rating and a C$2.00 price target.
FirstService Corp. (FSV:CA): TD Securities maintained its Buy rating with a C$291.00 price target.
FirstService Corp. (FSV:CA): CIBC maintained its Outperform rating with a C$287.00 price target.
Goodfood Market Corp. (FOOD:CA): Desjardins Securities lowered its price target to C$0.05 from C$0.15, reflecting a more cautious outlook.
Great-West Lifeco Inc. (GWO:CA): National Bank raised its price target to C$93.00 from C$73.00 while maintaining a Sector Perform rating.
iA Financial Corp. (IAG:CA): National Bank increased its price target to C$205.00 from C$179.00 while maintaining a Sector Perform rating.
Jamieson Wellness Inc. (JWEL:CA): TD Securities transferred coverage and maintained a Buy rating with a C$48.00 price target.
K-Bro Linen Inc. (KBL:CA): TD Securities transferred coverage with a Buy rating and a C$52.00 price target.
Kraken Robotics Inc. (PNG:CA): Scotiabank maintained its Outperform rating with a C$12.00 price target.
Lightspeed Commerce Inc. (LSPD:CA): CIBC maintained its Outperform rating with a C$25.00 price target.
Loblaw Companies Ltd. (L:CA): TD Securities reiterated its Buy rating with a C$75.00 price target.
Manulife Financial Corp. (MFC:CA): National Bank raised its price target to C$69.00 from C$59.00 while maintaining an Outperform rating.
Mullen Group Ltd. (MTL:CA): TD Securities maintained its Buy rating with a C$24.00 price target.
Mullen Group Ltd. (MTL:CA): CIBC maintained its Neutral rating with a C$25.00 price target.
NGEx Minerals Ltd. (NGEX:CA): TD Securities initiated coverage with a Buy rating and a C$35.00 price target, reflecting confidence in the company’s long-term exploration potential.
Northview Residential REIT (NRR.UN:CA): Desjardins Securities initiated coverage with a Hold rating and a C$18.00 price target.
NovaGold Resources Inc. (NG:CA): Scotiabank raised its price target to C$22.50 while maintaining an Outperform rating.
Pizza Pizza Royalty Corp. (PZA:CA): TD Securities transferred coverage while maintaining a Hold rating and a C$12.00 price target.
Rogers Communications Inc. (RCI.B:CA): TD Securities raised its price target to C$65.00 from C$60.00 while maintaining a Buy rating, reflecting greater confidence in free cash flow and valuation.
Rogers Communications Inc. (RCI.B:CA): RBC Capital maintained an Outperform rating with a C$60.00 price target.
Rogers Communications Inc. (RCI.B:CA): Canaccord Genuity lowered its price target to C$57.50 from C$58.00 while maintaining a Buy rating.
Rogers Communications Inc. (RCI.B:CA): Desjardins Securities maintained a Hold rating with a C$58.00 price target.
Rogers Communications Inc. (RCI.B:CA): CIBC reiterated its Outperform rating with a C$62.00 price target.
Rogers Communications Inc. (RCI.B:CA): Scotiabank maintained its Outperform rating with a C$61.00 price target.
Savaria Corp. (SIS:CA): TD Securities transferred coverage and maintained a Buy rating with a C$35.00 price target.
StorageVault Canada Inc. (SVI:CA): Scotiabank maintained its Outperform rating with a C$60.00 price target.
StorageVault Canada Inc. (SVI:CA): TD Securities maintained its Buy rating with a C$6.00 price target.
StorageVault Canada Inc. (SVI:CA): CIBC maintained a Neutral rating with a C$5.50 price target.
Sun Life Financial Inc. (SLF:CA): National Bank raised its price target to C$125.00 from C$108.00 while maintaining an Outperform rating.
Teck Resources Ltd. (TECK.B:CA): CIBC maintained its Tender recommendation with a C$83.00 target.
Teck Resources Ltd. (TECK.B:CA): TD Securities maintained its Hold rating with a C$89.00 price target.
Waste Connections Inc. (WCN:CA): CIBC maintained its Outperform rating with a C$78.00 price target.
Winpak Ltd. (WPK:CA): CIBC maintained its Neutral rating with a C$48.00 price target.
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