Analyst Ratings (Canada)
Today’s analyst sentiment was broadly positive, where numerous companies received higher price targets and positive ratings. The energy sector continued to attract favourable revisions despite a handful of target reductions, reflecting confidence in cash flow generation and commodity fundamentals. Mining and precious metals stocks also maintained strong support amid expectations for resilient metal prices. Transportation and infrastructure companies saw several significant target increases, while technology remained constructive with positive coverage and maintained bullish ratings. Although a few stocks experienced price target cuts in sectors such as engineering, industrials, and energy, analysts generally maintained positive recommendations, indicating that the reductions reflected valuation adjustments rather than weakening fundamentals. Overall, the latest research points to a optimistic outlook, with analysts continuing to favour cyclical sectors and companies with strong earnings growth potential.
43 Analyst Updates
Air Canada (AC:CA) – CIBC maintained its Outperform rating with a $22.00 price target.
Air Canada (AC:CA) – BMO raised its price target to $30.00 from $26.00 and maintained an Outperform rating.
Aritzia Inc. (ATZ:CA) – Desjardins Securities maintained its Buy rating with a $175.00 price target.
Aya Gold & Silver (AYA:CA) – CIBC maintained its Outperform rating with a $35.00 price target.
Badger Infrastructure Solutions (BDGI:CA) – CIBC raised its price target to $104.00 from $85.00 while maintaining an Outperform rating.
Bausch + Lomb (BLCO:CA) – Citigroup increased its price target to $30.00 from $27.00 while maintaining a Buy rating.
Bird Construction (BDT:CA) – CIBC raised its price target to $71.00 from $65.00 while maintaining an Outperform rating.
Blue Moon Metals (MOON:CA) – Scotiabank maintained its Outperform rating with a $14.00 price target.
Bombardier (BBD.B:CA) – National Bank raised its price target to $349.00 from $296.00 and maintained a Outperform rating.
Boyd Group Services (BYD:CA) – CIBC maintained its Outperform rating with a $205.00 price target.
Canadian National Railway (CNR:CA) – Wells Fargo increased its price target to $191.00 from $156.00 while maintaining an Overweight rating.
Canadian Pacific Kansas City (CP) – Wells Fargo raised its price target to $142.00 from $127.50 and maintained an Overweight rating.
Endeavour Silver (EDR:CA) – TD Securities maintained its Buy rating with a $20.00 price target.
First Majestic Silver (AG:CA) – TD Securities maintained its Buy rating with a $38.00 price target.
First Quantum Minerals (FM:CA) – Morgan Stanley lowered its price target to $45.20 from $46.30.
Gildan Activewear (GIL:CA) – TD Securities maintained its Buy rating with a $113.00 price target.
Greenfire Resources (GFR:CA) – National Bank lowered its price target to $12.00 from $13.00 while maintaining an Outperform rating.
Imperial Oil (IMO:CA) – National Bank raised its price target to $214.00 from $212.00 while maintaining a Sector Perform rating.
InPlay Oil (IPO:CA) – National Bank lowered its price target to $22.50 from $27.50 while maintaining an Outperform rating.
Ivanhoe Mines (IVN:CA) – Morgan Stanley raised its price target to $13.20 from $12.00 and maintained an Overweight rating.
Ivanhoe Mines (IVN:CA) – TD Securities maintained its Buy rating with a $13.00 price target.
K92 Mining (KNT:CA) – TD Securities maintained its Buy rating with a $33.00 price target.
North West Company (NWC:CA) – TD Securities maintained its Buy rating with a $63.00 price target.
OR Royalties (OR:CA) – TD Securities maintained its Hold rating with a $62.00 price target.
Ovintiv (OVV:CA) – National Bank raised its price target to $118.00 from $116.00 while maintaining an Outperform rating.
Peyto Exploration (PEY:CA) – National Bank increased its price target to $30.00 from $29.00 while maintaining an Outperform rating.
Plaza Retail REIT (PLZ-UN:CA) – CIBC maintained its Neutral rating with a $4.75 price target.
Roxmore Resources (RM:CA) – ATB Cormark initiated coverage with an Outperform rating and a $14.50 price target.
Shopify (SHOP:CA) – CIBC maintained its Outperform rating with a $262.00 price target.
Stantec (STN:CA) – CIBC lowered its price target to $137.00 from $160.00 while maintaining an Outperform rating.
Strathcona Resources (SCR:CA) – National Bank raised its price target to $66.00 from $68.00 while maintaining an Outperform rating.
TC Energy (TRP:CA) – ATB Cormark raised its price target to $92.00 from $87.00 while maintaining a Sector Perform rating.
TC Energy (TRP:CA) – Scotiabank maintained its Outperform rating with a $97.00 price target.
Tecsys (TCS:CA) – TD Securities initiated coverage with a Buy rating and a $39.00 price target.
Tenaz Energy (TNZ:CA) – National Bank raised its price target to $91.00 from $90.00 while maintaining an Outperform rating.
TerraVest Industries (TVK:CA) – CIBC lowered its price target to $130.00 from $160.00 while maintaining a Neutral rating.
TFI International (TFII:CA) – TD Securities raised its price target to $218.00 from $217.00 while maintaining a Buy rating.
Torex Gold Resources (TXG:CA) – CIBC maintained its Outperform rating with a $100.00 price target.
Toromont Industries (TIH:CA) – CIBC raised its price target to $240.00 from $215.00 while maintaining a Neutral rating.
Whitecap Resources (WCP:CA) – National Bank raised its price target to $26.00 from $25.00 while maintaining an Outperform rating.
WSP Global (WSP:CA) – CIBC lowered its price target to $266.00 from $318.00 while maintaining an Outperform rating.
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