Analyst Ratings (Canada)
Today’s Canadian analyst ratings suggest a selectively constructive but uneven market outlook, with strength concentrated in energy, industrials, and select growth names, while consumer-facing and defensive sectors face increasing pressure. Target increases across energy and drilling companies indicate analysts are positioning for higher oil prices and stronger earnings visibility, while upgrades in niche industrial and technology-linked firms reflect confidence in pricing power and operational momentum. However, this is offset by downward revisions in consumer and defensive names, where margin pressure, cost inflation, and softer demand are weighing on expectations, alongside some valuation-driven downgrades. The high number of maintained ratings further signals a cautious, wait-and-see stance, implying limited broad-based conviction. Overall, the outlook points to a late-cycle rotation, where capital is shifting toward inflation beneficiaries and cyclicals, while rate-sensitive and consumer-driven sectors face growing headwinds.
22 Analyst Updates
Alaris Equity Partners (AD.UN:CA) was initiated with an Outperform rating and a $25.00 target by CIBC World Markets.
Calfrac Well Services Ltd. (CFW:CA) had its target raised to $7.00 from $5.50 by RBC Capital with a Sector Perform rating.
Celestica Inc. (CLS:CA) was maintained at Hold with a $453.00 target by TD Securities.
Diversified Royalty Corp. (DIV:CA) was maintained at Neutral with a $4.25 target by CIBC World Markets.
Faraday Copper Corp. (FDY:CA) was initiated with an Outperform rating and a $5.50 target by National Bank.
GO Residential REIT (GO-UN:CA) was resumed with an Outperform rating and a $22.00 target by CIBC World Markets.
Hammond Power Solutions Inc. (HPS.A:CA) had its target raised to $220.00 from $215.00 by National Bank with an Outperform rating.
Hammond Power Solutions Inc. (HPS.A:CA) had its target raised to $226.00 from $223.00 by Canaccord Genuity with a Buy rating.
Information Services Corp. (ISC:CA) had its target raised to $53.00 from $39.00 by Raymond James with an Outperform rating.
Information Services Corp. (ISC:CA) was maintained at Neutral with a $51.00 target by CIBC World Markets.
Precision Drilling Corp. (PD:CA) had its target raised to $140.00 from $124.00 by RBC Capital with an Outperform rating.
Precision Drilling Corp. (PD:CA) had its target raised to $160.00 from $135.00 by ATB Cormark with an Outperform rating.
Precision Drilling Corp. (PD:CA) was maintained at Hold with a $123.00 target by TD Securities.
Premium Brands Holding Corp. (PBH:CA) had its target lowered to $140.00 from $160.00 by TD Securities with a Buy rating.
Rogers Communications Inc. (RCI-B:CA) was maintained at Buy with a $65.00 target by TD Securities.
Teck Resources Ltd. (TECK.B:CA) had its target cut to $70.00 from $80.00 by Scotiabank.
Thomson Reuters Corp. (TRI:CA) was downgraded to Equal-Weight with a $130.00 target by Wells Fargo.
TransAlta Corp. (TA:CA) was maintained at Buy with a $27.00 target by TD Securities.
Transcontinental Inc. (TCL.B:CA) had its target lowered to $8.00 from $28.00 by CIBC World Markets.
WELL Health Technologies Corp. (WELL:CA) was maintained at Buy with a $7.00 target by TD Securities.
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