Analyst Ratings (Canada)
Today’s Canadian analyst ratings reflect a generally bullish tone across the market, led by strong upward revisions in the energy sector, where numerous companies saw price target increases and maintained their positive ratings, signaling confidence in earnings strength and cash flow outlooks. Overall, target increases significantly outpaced cuts, indicating analysts are raising valuation expectations rather than turning defensive, while industrial names like Aecon also saw consistent upward revisions pointing to improving infrastructure and capital spending sentiment. In contrast, consumer-facing stocks such as Air Canada, Dollarama, and BRP faced more cautious outlooks with target reductions or weaker ratings, highlighting ongoing concerns around discretionary spending. Taken together, the updates suggest a market environment characterized by sector rotation into energy and cyclicals, selective optimism, and no broad-based negative sentiment, supporting stability or upside in commodity-linked equities while consumer sectors lag.
43 Analyst Updates
Aecon Group Inc. (ARE:CA) had its price target raised to $45.00 from $44.00 by CIBC, maintaining a Neutral rating.
Aecon Group Inc. (ARE:CA) had its price target raised to $45.00 from $43.00 by Desjardins Securities, maintaining a Hold rating.
Aecon Group Inc. (ARE:CA) had its price target increased to $49.00 from $47.00 by TD Securities, maintaining a Buy rating.
Aecon Group Inc. (ARE:CA) had its price target raised to $45.00 from $40.00 by BMO Capital Markets, maintaining an Outperform rating.
Aecon Group Inc. (ARE:CA) had its price target increased to $42.00 from $39.00 by ATB Cormark, maintaining a Sector Perform rating.
AGT Food and Ingredients (AGTF:CA) was initiated at Outperform by RBC Capital with a $25.00 price target.
AGT Food and Ingredients (AGTF:CA) was initiated at Outperform by ATB Cormark with a $25.00 price target.
AGT Food and Ingredients (AGTF:CA) was initiated at Hold by TD Securities with a $21.00 price target.
Air Canada (AC:CA) had its price target lowered to $25.00 by TD Securities, which maintained a Sector Perform rating.
Athabasca Oil Corp. (ATH:CA) had its price target raised to $13.00 from $8.00 by Raymond James, maintaining an Outperform rating.
Baytex Energy Corp. (BTE:CA) had its price target increased to $7.00 from $5.50 by Raymond James, maintaining an Outperform rating.
BlackBerry Limited (BB:CA) was maintained at Outperform by TD Securities with a $8.35 price target.
BRP Inc. (DOO:CA) had its price target lowered to $119.00 from $128.00 by Citigroup.
BRP Inc. (DOO:CA) had its price target reduced to $124.00 from $131.00 by RBC Capital, maintaining an Outperform rating.
Canadian Natural Resources (CNQ:CA) had its price target raised to $54.00 from $52.00 by TD Securities, maintaining an Outperform rating.
Canadian Natural Resources Ltd. (CNQ:CA) had its price target raised to $65.00 from $55.00 by Raymond James, maintaining a Market Perform rating.
Cardinal Energy Ltd. (CJ:CA) had its price target increased to $13.00 from $9.50 by Raymond James, maintaining an Outperform rating.
Cenovus Energy Inc. (CVE:CA) had its price target raised to $42.00 from $33.00 by Raymond James.
Collective Mining Ltd. (CNL:CA) was maintained at Outperform by Scotiabank with a $28.00 price target.
Colliers International Group Inc. (CIGI:CA) had its price target lowered to $223.00 from $250.00 by RBC Capital, maintaining an Outperform rating.
Dollarama Inc. (DOL:CA) was maintained at Underperform by Morningstar with a $138.00 price target.
Enerflex Ltd. (EFX:CA) had its price target increased to $40.00 from $34.00 by Raymond James.
Freehold Royalties Ltd. (FRU:CA) had its price target raised to $18.00 from $17.50 by Raymond James, maintaining a Market Perform rating.
Gran Tierra Energy Inc. (GTE:CA) had its price target increased to $15.00 from $9.00 by Raymond James, maintaining an Outperform rating.
Imperial Oil (IMO:CA) had its price target raised to $126.00 from $107.00 by Raymond James.
Keyera Corporation (KEY:CA) was maintained at Outperform by TD Securities with a $58.00 price target.
Keyera Corp. (KEY:CA) had its price target increased to $66.00 from $63.00 by Raymond James.
Lassonde Industries Inc. (LAS.A:CA) had its price target raised to $275.00 from $270.00 by Desjardins Securities, maintaining a Buy rating.
Lassonde Industries Inc. (LAS.A:CA) had its price target increased to $280.00 from $265.00 by Stifel Nicolaus, maintaining a Buy rating.
Magna International Inc. (MG:CA) had its price target raised to $92.00 from $67.00 by Barclays Capital, maintaining an Equal-Weight rating.
NexGold Mining Corp. (NEXG:CA) had its price target lowered to $6.00 from $7.25 by National Bank, maintaining an Outperform rating.
Obsidian Energy Ltd. (OBE:CA) had its price target increased to $15.00 from $10.00 by Raymond James, maintaining an Outperform rating.
Ovintiv Inc. (OVV:CA) had its price target raised to $86.00 from $52.00 by Citigroup, maintaining a Neutral rating.
PrairieSky Royalty Ltd. (PSK:CA) had its price target increased to $35.50 from $35.00 by Raymond James, maintaining a Market Perform rating.
Precision Drilling Corp. (PD:CA) had its price target raised to $158.00 from $143.00 by Raymond James.
Suncor Energy Inc. (SU:CA) was maintained at Sector Perform by Scotiabank with a $80.00 price target.
Suncor Energy Inc. (SU:CA) had its price target increased to $93.00 from $76.00 by Raymond James.
Surge Energy Inc. (SGY:CA) had its price target raised to $11.00 from $9.00 by Raymond James, maintaining an Outperform rating.
TC Energy Corp. (TRP:CA) had its price target increased to $78.00 from $74.00 by Raymond James.
Topaz Energy Corp. (TPZ:CA) had its price target raised to $35.00 by Raymond James, maintaining a Market Perform rating.
Vermilion Energy Inc. (VET:CA) had its price target increased to $24.00 from $16.00 by ATB Cormark, maintaining an Outperform rating.
Waste Connections, Inc. (WCN:CA) was maintained at Outperform by Scotiabank with a $274.00 price target.
Whitecap Resources (WCP:CA) had its price target increased to $15.00 from $13.50 by TD Securities.
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