Analyst Ratings (Canada)
Analyst updates for today were broadly mixed, with mining and resource sectors remaining the most supported segment. In contrast, technology and software stocks continued to face valuation pressures, reflected in widespread target reductions. Energy and pipeline exposure showed a split tone with valuation upgrades, suggesting steady fundamentals but limited directional conviction. Lithium and broader materials-related stocks saw softer sentiment with downward revisions, and REITs and defensive income sectors remained neutral, with limited catalysts. Overall, the updates highlight a range-bound market characterized by strength in resource sectors, continued pressure in growth stocks, and broadly unchanged conviction levels across most other areas, with analysts primarily adjusting price targets rather than changing fundamental views.
19 Analyst Updates
5N Plus Inc. (VNP:CA): ATB Cormark raised its target to $56.50 from $45.00 while maintaining a Top Pick rating.
Agnico Eagle Mines Limited (AEM:CA): Scotiabank maintained an Outperform rating with a $386.00 target.
Agnico Eagle Mines Ltd. (AEM:CA): National Bank maintained an Outperform rating with a $350.00 target.
Bird Construction Inc. (BDT:CA): BMO raised its target to $70.00 from $60.00 while maintaining an Outperform rating.
Bird Construction Inc. (BDT:CA): Scotiabank raised its target to $65.00 from $61.00 while maintaining an Outperform rating.
CAE Inc. (CAE:CA): TD Securities lowered its target to $43.00 from $49.00 while maintaining a Buy rating.
CAE Inc. (CAE:CA): RBC Capital lowered its target to $36.00 from $42.00 while maintaining an Outperform rating.
CAE Inc. (CAE:CA): National Bank lowered its target to $49.00 from $53.00 while maintaining an Outperform rating.
CAE Inc. (CAE:CA): BMO lowered its target to $47.00 from $50.00 while maintaining an Outperform rating.
CAE Inc. (CAE:CA): Scotiabank lowered its target to $44.00 from $56.00 while maintaining an Outperform rating.
Canadian Net REIT (NET.UN:CA): Desjardins Securities initiated coverage with a Hold rating and a $6.50 target.
Constellation Software Inc. (CSU:CA): Jefferies lowered its target to $3,185.00 from $3,500.00 while maintaining a Buy rating.
Coveo Solutions Inc. (CVO:CA): Scotiabank maintained a Buy rating with a $9.50 target.
Dye & Durham Ltd. (DND:CA): CIBC maintained a Neutral rating with a $4.00 target.
Lightspeed Commerce Inc. (LSPD:CA): BMO lowered its target to $16.60 from $18.00 while maintaining an Outperform rating.
Lightspeed Commerce Inc. (LSPD:CA): Scotiabank lowered its target to $14.00 from $16.50 while maintaining a Sector Perform rating.
Lithium Americas Corp. (LAC:CA): Scotiabank lowered its target to $6.00 from $7.00 while maintaining a Sector Perform rating.
Pembina Pipeline Corp. (PPL:CA): Scotiabank raised its target to $72.00 from $66.00 while maintaining an Outperform rating.
Slate Grocery REIT (SGR-UN:CA): Scotiabank maintained a Sector Perform rating with a $16.50 target.
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