Canadian Analyst Updates: Nov 24, 2025

Canadian Imperial Bank of Commerce (CM:CA) Analysts Update Coverage

Analyst Ratings (Canada)

Altus Group Ltd. (AIF:CA)
CIBC World Markets raised its target price on Altus Group to $62.00 from $54.00.

Athabasca Oil Corp. (ATH:CA)
Desjardins Securities increased its target price to $8.50 from $8.00 and maintained a hold rating.

Bank of Montreal (BMO:CA)
Barclays Capital raised its target price to $177.00 from $157.00 with an equal-weight rating.

Bank of Nova Scotia (BNS:CA)
Barclays Capital increased its target price to $95.00 from $86.00 with an equal-weight rating.

Barrick Mining Corp. (ABX:CA)
Bank of America maintained a buy rating.

Canadian Imperial Bank of Commerce (CM:CA)
Barclays Capital raised its target price to $119.00 from $106.00 with an underweight rating.

Canadian Natural Resources Inc. (CNQ:CA)
Desjardins Securities issued a new target price of $52.00 and maintained a hold rating.

Cascades Inc. (CAS:CA)
TD Securities maintained a buy rating with a target price of $14.00.

Cenovus Energy Inc. (CVE:CA)
Desjardins Securities raised its target price to $33.00 from $31.50 with a buy rating.

Dollarama Inc. (DOL:CA)
TD Securities maintained a buy rating with a target price of $210.00.

Endeavour Silver Corp. (EDR:CA)
TD Securities maintained a buy rating with a target price of $14.00.

Fortuna Mining Corp. (FVI:CA)
Scotiabank raised its target price to $15.50 from $10.50 and maintained an outperform rating.

Groupe Dynamite Inc. (GRGD:CA)
National Bank increased its target price to $73.00 from $66.00 with an outperform rating.

Headwater Exploration Inc. (HWX:CA)
Desjardins Securities raised its target price to $8.75 from $8.00 while maintaining a hold rating.

Imperial Oil Ltd. (IMO:CA)
Desjardins Securities raised its target price to $120.00 from $114.00 while keeping a sell rating.

Lightspeed Commerce Inc. (LSPD:CA)
Jefferies & Co. lowered its target price to $15.50 from $20.00.

Lithium Americas Corp. (LAC:CA)
Canaccord Genuity assigned a target price of $6.50 with a hold rating.

Montage Gold Corp. (MAU:CA)
Stifel Nicolaus raised its target price to $9.25 from $9.00 with a buy rating.
Cormark Securities raised its target price to $9.75 from $9.50 with a buy rating.
Scotiabank maintained an outperform rating with a target price of $8.50.

National Bank of Canada (NA:CA)
Barclays Capital raised its target price to $158.00 from $147.00 with an equal-weight rating.

Northland Power Inc. (NPI:CA)
Raymond James lowered its target price to $23.00 from $25.00.

NorthWest Healthcare Properties REIT (NWH.UN:CA)
RBC Capital set a target price of $5.50 with a sector perform rating.

Peyto Exploration & Development Corp. (PEY:CA)
Desjardins Securities raised its target price to $24.50 from $23.50 with a buy rating.

RB Global Inc. (RBA:CA)
National Bank raised its target price to $175.00 from $111.00 with an outperform rating.

Real Matters Inc. (REAL:CA)
BMO Capital Markets raised its target price to $7.00 from $6.00.

Royal Bank of Canada (RY:CA)
Barclays Capital raised its target price to $221.00 from $203.00 with an overweight rating.

Sienna Senior Living Inc. (SIA:CA)
RBC Capital raised its target price to $22.00 from $20.00 with a sector perform rating.

Spartan Delta Corp. (SDE:CA)
Desjardins Securities raised its target price to $8.00 from $7.00 while maintaining a hold rating.

Stella-Jones Inc. (SJ:CA)
Scotiabank maintained a sector perform rating with a target price of $88.00.

Suncor Energy Inc. (SU:CA)
Desjardins Securities increased its target price to $73.00 from $71.00 with a buy rating.

Tamarack Valley Energy Ltd. (TVE:CA)
Desjardins Securities raised its target price to $8.50 from $7.75 with a buy rating.

Teck Resources Limited (TECK-B:CA)
Scotiabank maintained a sector perform rating with a target price of $65.00.

Toronto-Dominion Bank (TD:CA)
Barclays Capital raised its target price to $114.00 from $100.00 with an underweight rating.

Tourmaline Oil Corp. (TOU:CA)
Desjardins Securities issued a target price of $68.00 with a buy rating.

Vermilion Energy Inc. (VET:CA)
Desjardins Securities increased its target price to $13.00 from $12.50 with a hold rating.

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