Analyst Ratings (Canada)
Analyst sentiment today was strongest toward the precious metals and mining sector, where most companies retained positive ratings. The consumer discretionary sector also remained highly favoured, supported by strong outlooks for retail growth. Transportation and infrastructure companies saw several target increases as analysts became more constructive on economic activity and capital spending trends. The technology and space sectors maintained positive momentum, while financials, real estate, and consumer staples continued to benefit from stable earnings expectations and defensive characteristics.
28 Analyst Updates
Aecon Group Inc. (ARE:CA) — TD Securities lowered its target price to $61.00 from $62.00 while maintaining a Buy rating, reflecting a slightly more cautious near-term outlook due to project execution timing, margin pressures, or a more conservative valuation framework, while continuing to see attractive long-term opportunities from Canada’s infrastructure investment cycle.
Aecon Group Inc. (ARE:CA) — Desjardins Securities adjusted its target price to $55.00 from $52.00 while maintaining a Hold rating, indicating that although operating fundamentals remain stable and earnings prospects have improved modestly, the shares appear fairly valued relative to current growth expectations.
Aecon Group Inc. (ARE:CA) — Stifel Nicolaus raised its target price to $54.00 from $46.00 while maintaining a Buy rating, reflecting increased confidence in the company’s project backlog, improving profitability, and its ability to benefit from sustained government and private-sector infrastructure spending.
Aecon Group Inc. (ARE:CA) — Raymond James lowered its target price to $52.00 from $54.00 while maintaining a Market Perform rating, suggesting expectations for more moderate earnings growth, potential project execution risks, or limited near-term upside following the stock’s recent performance.
AGF Management (AGF-B:CA) TD Securities maintained a Buy rating with a $24 target price, reflecting continued confidence in the asset manager’s earnings outlook and capital return profile.
Alamos Gold (AGI:CA) was maintained at Outperform by Scotiabank with a $71 target price as analysts remain constructive on gold prices and the company’s production growth prospects.
Aritzia Inc. (ATZ:CA) continued to receive strong support from analysts, with TD Securities maintaining its Buy rating and $183.00 target price, reflecting confidence in the retailer’s growth strategy, brand strength, and execution. UBS Securities raised its target price to $204.00 from $189.00 while maintaining a Buy rating, citing improving sales momentum, expanding profitability, and continued confidence in the company’s long-term growth prospects in both Canadian and U.S. markets.
Badger Infrastructure Solutions (BDGI:CA) saw Canaccord Genuity raise its target price sharply to $112 from $90 while maintaining a Buy rating, highlighting improving expectations for infrastructure and hydrovac demand.
BlackBerry Ltd. (BB:CA) — TD Securities raised its target price to $11.00 from $7.00 while maintaining a Hold rating, reflecting improved confidence in the company’s outlook following recent operational progress and strategic developments.
BlackBerry Ltd. (BB:CA) — Raymond James raised its target price to $13.50 from $6.75 while maintaining a Market Perform rating, indicating a significantly improved assessment of the company’s value and business prospects.
Canadian National Railway Co. (CNR:CA) — National Bank raised its target price to $173.00 from $164.00 while maintaining a Sector Perform rating, reflecting improved expectations for freight volumes and pricing power, though overall outlook remains balanced given macroeconomic uncertainty.
Canadian National Railway Co. (CNR:CA) — Barclays Capital raised its target price to $155.00 from $135.00, signaling stronger confidence in operational efficiency and North American rail demand.
Canadian Pacific Kansas City Ltd. (CP:CA) — Barclays raised its target price to $145.00 from $135.00, reflecting optimism around cross-border trade flows and network synergies following integration gains.
Element Fleet Management Corp. (EFN:CA) — CIBC maintained an Outperform rating with a $41.00 target price, reflecting steady confidence in recurring revenue growth and stable fleet leasing demand.
Fairfax Financial Holdings Ltd (FFH:CA) — CIBC initiated coverage with a Neutral rating and $2,350.00 target price, suggesting a balanced risk-reward profile following strong historical performance and diversified insurance exposure.
First Majestic Silver Corp. (AG:CA) — Scotiabank maintained a Sector Perform rating with a $32.50 target price, indicating cautious sentiment despite supportive precious metals conditions.
Hemlo Mining Corp (HMMC:CA) — Scotiabank maintained an Outperform rating with a $10.00 target price, reflecting positive expectations around development potential and commodity price support.
IsoEnergy Ltd. (ISO:CA) — TD Securities maintained a Buy rating with an $18.00 target price, supported by strong long-term uranium demand fundamentals.
MDA Space (MDA:CA) — Scotiabank maintained an Outperform rating with a $71.00 target price, reflecting continued optimism around satellite, defense, and space infrastructure contracts.
Metro Inc. (MRU:CA) — TD Securities maintained a Buy rating with a $106.00 target price, highlighting stable earnings, strong grocery fundamentals, and defensive characteristics.
Primaris REIT (PMZ.UN:CA) — RBC Capital raised its target price to $23.00 from $21.00 while maintaining an Outperform rating, reflecting improving retail occupancy trends and resilient cash flow generation.
SSR Mining Inc. (SSRM:CA) — Scotiabank maintained an Outperform rating with a $58.00 target price, indicating continued confidence in production stability and precious metals exposure.
Stack Capital Group Inc. (STCK:CA) — Canaccord Genuity maintained its target price at $30.00, reflecting a steady valuation view of its underlying private investment portfolio and limited near-term catalyst changes.
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