Analyst Ratings (Canada)
Canadian analyst activity today was generally positive, with several companies receiving higher target prices and reaffirmed Buy or Outperform ratings, particularly across energy, infrastructure, and industrial sectors where stronger operational performance and stable demand outlooks supported valuations. While a number of stocks maintained Hold or Sector Perform ratings as analysts cited balanced risk-reward profiles following recent share price gains, only a limited set of updates reflected caution, mainly due to valuation concerns or softer near-term fundamentals. Utilities and REITs saw more neutral commentary given ongoing interest-rate sensitivity, while financials and other cyclicals drew more measured outlooks ahead of key earnings catalysts. Overall, the day’s ratings leaned modestly positive, with analysts selectively raising targets while maintaining a disciplined stance on valuation amid ongoing macro uncertainty.
72 Analyst Ratings:
Aecon Group Inc. (ARE:CA) TD Securities raised its target price to $47.00 from $39.00 and maintained its Buy rating.
Aecon Group Inc. (ARE:CA) ATB Cormark raised its target price to $39.00 from $35.00 and maintained its Sector Perform rating.
Aecon Group Inc. (ARE:CA) Stifel Nicolaus lowered its target price to $28.75 from $34.25 and maintained its Hold rating.
Aecon Group Inc. (ARE:CA) Canaccord Genuity raised its target price to $52.00 from $40.00 and maintained its Buy rating.
Aecon Group Inc. (ARE:CA) National Bank raised its target price to $45.00 from $35.00 and maintained its Outperform rating.
Algonquin Power (AQN:CA) Raymond James raised its target price to $9.85 from $8.80 and maintained its Outperform rating.
Algonquin Power (AQN:CA) Desjardins Securities lowered its target price to $9.50 from $9.85 and maintained its Buy rating.
Algonquin Power & Utilities Corp. (AQN:CA) Scotiabank maintained its Outperform rating with a $9.50 target price.
Algonquin Power & Utilities Corp. (AQN:CA) TD Securities lowered its target price to $6.00 from $6.50 and maintained its Hold rating.
Algonquin Power & Utilities Corp. (AQN:CA) CIBC lowered its target price to $8.50 from $9.00 and maintained its Neutral rating.
Algonquin Power & Utilities Corp. (AQN:CA) National Bank lowered its target price to $9.85 from $10.15 and maintained its Outperform rating.
AltaGas Ltd. (ALA:CA) Jefferies raised its target price to $53.00 from $49.00.
AltaGas Ltd. (ALA:CA) TD Securities raised its target price to $51.00 from $48.00 and maintained its Buy rating.
AltaGas Ltd. (ALA:CA) Scotiabank raised its target price to $50.00 and maintained its Outperform rating.
AltaGas Ltd. (ALA:CA) CIBC maintained its Outperform rating with a $50.00 target price.
AltaGas Ltd. (ALA:CA) Scotiabank raised its target price to $52.00 from $50.00 and maintained its Outperform rating.
AltaGas Ltd. (ALA:CA) ATB Cormark raised its target price to $52.00 from $49.00 and maintained its Outperform rating.
AltaGas Ltd. (ALA:CA) TD Securities raised its target price to $51.00 from $48.00 and maintained its Buy rating.
AltaGas Ltd. (ALA:CA) National Bank raised its target price to $51.00 from $50.00 and maintained its Outperform rating.
AltaGas Ltd. (ALA:CA) RBC Capital Markets raised its target price to $50.00 from $48.00 and maintained its Outperform rating..
Badger Infrastructure Solutions Ltd. (BDGI:CA) CIBC World Markets lowered its target price to $80.00 from $86.00.
Badger Infrastructure Solutions Ltd. (BDGI:CA) TD Securities lowered its target price to $80.00 from $83.00 and maintained its Buy rating.
Badger Infrastructure Solutions Ltd. (BDGI:CA) Acumen Capital lowered its target price to $80.00 from $82.25 and maintained its Buy rating.
Badger Infrastructure Solutions Ltd. (BDGI:CA) Stifel Nicolaus lowered its target price to $81.00 from $85.00 and maintained its Buy rating.
Badger Infrastructure Solutions Ltd. (BDGI:CA) Canaccord Genuity lowered its target price to $70.00 from $81.00 and maintained its Hold rating.
Badger Infrastructure Solutions Ltd. (BDGI:CA) National Bank lowered its target price to $74.00 from $82.00 and maintained its Sector Perform rating.
Bank of Nova Scotia (BNS:CA) Canaccord Genuity lowered its target price to $110.00 from $118.00 and maintained its Hold rating.
Blackline Safety Corp. (BLN:CA) TD Securities maintained its Hold rating with an $8.00 target price.
Cameco Corp. (CCO:CA) CIBC World Markets raised its target price to $202.00 from $115.00.
Canadian Natural Resources Ltd. (CNQ:CA) Desjardins Securities raised its target price to $56.00 from $52.00 and maintained its Hold rating.
Canfor Corp. (CFP:CA) TD Securities maintained its Buy rating with a $16.00 target price.
Canfor Corp. (CFP:CA) CIBC maintained its Neutral rating with a $16.00 target price.
Canfor Corp. (CFP:CA) Scotiabank maintained its Outperform rating with a $50.00 target price.
Canfor Pulp Products Inc. (CFX:CA) Scotiabank assigned a Tender rating with a $0.65 target price.
Canfor Pulp Products Inc. (CFX:CA) RBC Capital Markets raised its target price to $0.60 from $0.50 and maintained its Sector Perform rating.
Constellation Software Inc. (CSU:CA) TD Securities maintained its Buy rating with a $4,000.00 target price.
Constellation Software Inc. (CSU:CA) CIBC maintained its Outperform rating with a $4,668.00 target price.
Descartes Systems Group Inc. (DSG:CA) TD Securities maintained its Buy rating with a $164.00 target price.
Doman Building Materials Group Ltd. (DBM:CA) CIBC maintained its Neutral rating with an $11.00 target price.
Doman Building Materials Group Ltd. (DBM:CA) TD Securities maintained its Buy rating with a $12.00 target price.
Doman Building Materials Group Ltd. (DBM:CA) Desjardins Securities raised its target price to $12.00 from $11.00 and maintained its Buy rating.
Doman Building Materials Group Ltd. (DBM:CA) Stifel Nicolaus lowered its target price to $11.50 from $11.75 and maintained its Buy rating.
Doman Building Materials Group Ltd. (DBM:CA) Raymond James raised its target price to $12.00 from $11.00 and maintained its Strong Buy rating.
Doman Building Materials Group Ltd. (DBM:CA) National Bank raised its target price to $12.50 from $12.00 and maintained its Outperform rating.
Empire Company Ltd. (EMP-A:CA) TD Securities maintained its Hold rating with a $50.00 target price.
Enghouse Systems Ltd. (ENGH:CA) TD Securities maintained its Hold rating with a $22.00 target price.
Ensign Energy Services Inc. (ESI:CA) TD Securities maintained its Hold rating with a $3.50 target price.
Ero Copper Corp. (ERO:CA) Scotiabank maintained its Outperform rating with a $50.00 target price.
Exchange Income Corp. (EIF:CA) Scotiabank raised its target price to $129.00 from $121.00 and maintained its Outperform rating.
Exchange Income Corp. (EIF:CA) Scotiabank raised its target price to $129.00 and maintained its Outperform rating.
First Quantum Minerals Ltd. (FM:CA) JP Morgan cut its target price to $28.00 from $48.00 and downgraded the stock to a Underperform from Overweight rating.
Fuerte Metals Corp. (FMT:CA) National Bank intiated with a target price of $15.00 and with a Outperform rating.
Headwater Exploration Inc. (HWX:CA) RBC Capital Markets raised its target price to $13.00 from $11.00 and maintained its Sector Perform rating.
Lundin Mining Corp. (LUN:CA) JP Morgan lowered its target price to $28.20 from $32.90 and maintained its Underweight rating.
Methanex Corp. (MX:CA) Scotiabank maintained its Outperform rating with an $81.50 target price.
Methanex Corp. (MX:CA) CIBC maintained its Neutral rating with a $70.00 target price.
National Bank of Canada (NA:CA) Canaccord Genuity cut its target price to $190.00 from $191.00 and maintained its Hold rating.
Nexus Industrial REIT (NXR-UN:CA) TD Securities maintained its Hold rating with an $8.00 target price.
Nexus Industrial REIT (NXR-UN:CA) Scotiabank raised its target price to $8.50 and maintained its Sector Perform rating.
Nexus Industrial REIT (NXR-UN:CA) CIBC maintained its Neutral rating with an $8.00 target price.
South Bow Corp. (SOBO:CA) Barclays raised its target price to $45.00 from $38.00.
Superior Plus Corp. (SPB:CA) Scotiabank maintained its Sector Perform rating with a $6.50 target price.
Thinkific Labs Inc. (THNC:CA) Canaccord Genuity cut its target price to $2.00 from $4.25 and downgraded to a Hold rating from Speculative Buy.
Toronto-Dominion Bank (TD:CA) Canaccord Genuity raised its target price to $149.00 from $147.00 and maintained its Buy rating.
Tourmaline Oil Corp. (TOU:CA) Desjardins Securities raised its target price to $74.00 from $70.00 and maintained its Buy rating.
Transcontinental Inc. (TCL-A:CA) CIBC raised its target price to $29.00 from $24.00 and maintained its Outperform rating.
Vermilion Energy Inc. (VET:CA) Desjardins Securities raised its target price to $16.00 from $13.50 and maintained its Hold rating.
Wheaton Precious Metals Corp. (WPM:CA) Scotiabank maintained its Outperform rating with a $238.00 target price.
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