Canadian Analyst Updates: July 7th, 2026

Canadian Analyst Updates: July 7th, 2026

Analyst Ratings (Canada)

Analyst sentiment was broadly positive, with Financials, Industrials, Materials, and Real Estate receiving the strongest support through higher price targets and improved outlooks driven by earnings growth, commodity strength, infrastructure demand, and resilient asset values. Healthcare and Technology also showed positive momentum, while Telecommunications and Consumer Discretionary remained mixed as analysts balanced growth opportunities against competitive pressures and slower demand trends. Overall, analysts maintained a cautiously bullish outlook, favoring cyclical sectors with stronger growth potential.

38 Analyst Updates

Air Canada (AC:CA) – National Bank upgraded the stock to Outperform and raised its price target to $29.00 from $22.00.

Altius Minerals Corporation (ALS:CA) – Scotiabank increased its price target to $59.00 from $58.00.

Apotex Health Corp (APTX:CA) – CIBC initiated coverage with an Outperform rating and a $40.00 price target.

Bank of Montreal (BMO:CA) – Canaccord Genuity raised its price target to $265.00 from $242.00 while maintaining a Buy rating.

Bank of Nova Scotia (BNS:CA) – Canaccord Genuity increased its price target to $121.00 from $111.00 and maintained a Hold rating.

BCE Inc (BCE:CA) – Scotiabank lowered its price target to $39.00 from $41.00 while maintaining a Sector Outperform rating.

Bombardier Inc (BBD.B:CA) – TD Securities maintained its Hold rating with a $292.00 price target.

Canadian Imperial Bank of Commerce (CM:CA) – Canaccord Genuity raised its price target to $168.00 from $160.00 while maintaining a Hold rating.

Celestica Inc (CLS:CA) – CIBC maintained its Outperform rating with a $680.00 price target.

Centerra Gold Inc (CG:CA) – Scotiabank increased its price target to $29.00 from $21.00.

Custom Health Holdings Inc (CHLT:CA) – Stifel Nicolaus initiated coverage with a Buy rating and a $12.00 price target.

Diversified Royalty Corp (DIV:CA) – Desjardins Securities raised its price target to $5.00 from $4.75 while maintaining a Buy rating.

Diversified Royalty Corp (DIV:CA) – ATB Cormark lowered its price target to $7.25 from $7.50 while maintaining an Outperform rating.

Diversified Royalty Corp (DIV:CA) – CIBC maintained a Neutral rating with a $4.70 price target.

Dream Industrial REIT (DIR.UN:CA) – Scotiabank increased its price target to $16.50 from $16.00.

Finning International Inc (FTT:CA) – Scotiabank raised its price target to $118.00 from $114.00 while maintaining a Outperform rating.

Gildan Activewear Inc (GIL:CA) – TD Securities maintained its Buy rating with a $113.50 price target.

Granite REIT (GRT.UN:CA) – Scotiabank raised its price target to $110.00 from $105.00.

Kraken Robotics Inc (PNG:CA) – ATB Cormark lowered its price target to $5.00 from $6.50 while maintaining an Underperform rating.

Logan Energy Corp (LGN:CA) – National Bank increased its price target to $1.75 from $1.50 while maintaining an Outperform rating.

Logan Energy Corp (LGN:CA) – CIBC maintained its Outperform rating with a $1.20 price target.

Logan Energy Corp (LGN:CA) – TD Securities maintained its Buy rating with a $1.25 price target.

Lundin Mining Corporation (LUN:CA) – Scotiabank increased its price target to $44.00 from $42.00.

National Bank of Canada (NA:CA) – Canaccord Genuity raised its price target to $224.00 from $205.00 while maintaining a Hold rating.

Nexus Industrial REIT (NXR.UN:CA) – Scotiabank increased its price target to $9.00 from $8.50.

PROREIT (PRV.UN:CA) – Scotiabank raised its price target to $7.50 from $7.00.

Quebecor Inc (QBR.B:CA) – Scotiabank raised its price target to $63.50 from $58.00 while maintaining a Sector Perform rating.

Restaurant Brands International Inc (QSR:CA) – RBC Capital lowered its price target to $120.00 from $128.00 while maintaining an Outperform rating.

Rogers Communications Inc (RCI.B:CA) – Scotiabank increased its price target to $61.00 from $60.50 while maintaining a Sector Outperform rating.

Rogers Communications Inc (RCI.B:CA) – National Bank lowered its price target to $62.00 from $63.00 while maintaining an Outperform rating.

Royal Bank of Canada (RY:CA) – Canaccord Genuity increased its price target to $310.00 from $282.00 while maintaining a Buy rating.

TC Energy Corp (TRP:CA) – TD Securities maintained its Hold rating with a $98.00 price target.

TELUS Corp (T:CA) – Scotiabank lowered its price target to $19.00 from $20.00 while maintaining a Sector Perform rating.

Toromont Industries Ltd (TIH:CA) – Scotiabank raised its price target to $238.00 from $229.00 while maintaining a Sector Perform rating.

Toronto Dominion Bank (TD:CA) – Canaccord Genuity raised its price target to $185.00 from $169.00 while maintaining a Buy rating.

Trekor Metals (TKO:CA) – TD Securities maintained its Buy rating with a $12.00 price target.

Wajax Corp (WJX:CA) – Scotiabank lowered its price target to $36.00 from $37.00 while maintaining a Sector Perform rating.

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