Analyst Ratings (Canada)
Canadian analyst outlook remains cautiously optimistic, with strong ratings across utilities, energy, financials, technology, and industrials. Broad price target increases for utilities, energy infrastructure, insurance, and select technology companies reflect confidence in earnings resilience, capital investment, and long-term growth opportunities. However, downgrades and significant target reductions in mining, cannabis, fleet management, and select industrial stocks highlight concerns over weaker earnings expectations, operational challenges, and valuations.
Updates (62)
5N Plus Inc. (VNP:CA) — Ventum Capital maintains its Buy rating and raises its price target to $45.00 from $44.00.
5N Plus Inc. (VNP:CA) — Desjardins Securities maintains its Buy rating and raises its price target to $46.00 from $45.00.
5N Plus Inc. (VNP:CA) — Scotiabank maintains its Outperform rating and raises its price target to $39.00 from $37.00.
Alaris Equity Partners Income Trust (AD.UN:CA) — Desjardins Securities maintains its Buy rating and lowers its price target to $27.00 from $27.50.
Allied Properties REIT (AP.UN:CA) — ATB Cormark upgrades its rating from Sector Perform to Speculative Buy while lowering its price target to $6.25 from $11.00.
Aurora Cannabis Inc. (ACB:CA) — TD Securities downgrades its rating from Buy to Sell and lowers its price target to $7.80 from $8.00.
Blue Moon Metals Inc. (MOON:CA) — Scotiabank maintains its Outperform rating and lowers its price target to $11.50 from $14.00.
Boardwalk REIT (BEI.UN:CA) — Scotiabank maintains its Sector Perform rating with a price target of $74.00.
Carrier Connect Data Solutions Inc. (CCDS:CA) — Canaccord Genuity maintains its Speculative Buy rating with a price target of $3.00.
CGI-Inc. (GIB.A:CA) — TD Securities maintains its Hold rating with a price target of $118.00.
Dream Industrial REIT (DIR.UN:CA) — Scotiabank maintains its Outperform rating with a price target of $16.50.
Element Fleet Management Corp. (EFN:CA) — TD Securities downgrades its rating from Buy to Hold and lowers its price target to $22.00 from $31.00.
Element Fleet Management Corp. (EFN:CA) — Scotiabank maintains its Outperform rating with a price target of $32.00.
Ero Copper Corp. (ERO:CA) — Scotiabank upgrades its rating to Outperform while lowering its price target to $53.00 from $55.00.
Fairfax Financial Holdings Ltd. (FFH:CA) — ATB Cormark upgrades its rating from Sector Perform to Outperform and raises its price target to $2,850.00 from $2,500.00.
Fairfax Financial Holdings Ltd. (FFH:CA) — Scotiabank maintains its Outperform rating with a price target of $2,950.00.
Fortis Inc. (FTS:CA) — BMO maintains its Market Perform rating and raises its price target to $85.00 from $81.00.
Fortis Inc. (FTS:CA) — National Bank maintains its Sector Perform rating and raises its price target to $84.00 from $83.00.
Fortis Inc. (FTS:CA) — TD Securities maintains its Buy rating and raises its price target to $90.00 from $87.00.
Fortis Inc. (FTS:CA) — Desjardins Securities maintains its Buy rating and raises its price target to $90.00 from $85.00.
Fortis Inc. (FTS:CA) — Raymond James downgrades its rating from Outperform to Market Perform while raising its price target to $86.50 from $85.50.
Fortis Inc. (FTS:CA) — Scotiabank maintains its Sector Perform rating and raises its price target to $83.00 from $78.00.
Gibson Energy Inc. (GEI:CA) — Raymond James maintains its Outperform rating and raises its price target to $38.00 from $37.00.
Gibson Energy Inc. (GEI:CA) — TD Securities maintains its Buy rating and raises its price target to $40.00 from $36.00.
Gibson Energy Inc. (GEI:CA) — National Bank maintains its Outperform rating and raises its price target to $35.00 from $34.00.
Gibson Energy Inc. (GEI:CA) — ATB Cormark maintains its Outperform rating and raises its price target to $39.00 from $37.00.
Gibson Energy Inc. (GEI:CA) — Scotiabank maintains its Sector Perform rating and raises its price target to $33.00 from $31.00.
Intact Financial Corp. (IFC:CA) — TD Securities maintains its Buy rating and raises its price target to $309.00 from $303.00.
Intact Financial Corp. (IFC:CA) — Raymond James maintains its Buy rating and raises its price target to $309.00 from $303.00.
Intact Financial Corp. (IFC:CA) — Scotiabank maintains its Outperform rating with a price target of $315.00.
International Petroleum Corp. (IPCO:CA) — National Bank upgrades its rating from Sector Perform to Outperform with a price target of $50.00.
International Petroleum Corp. (IPCO:CA) — TD Securities maintains its Hold rating with a price target of $40.00.
Ivanhoe Mines Ltd. (IVN:CA) — Raymond James maintains its Market Perform rating and lowers its price target to $12.00 from $15.50.
Ivanhoe Mines Ltd. (IVN:CA) — TD Securities downgrades its rating from Buy to Hold and lowers its price target to $9.00 from $14.00.
Ivanhoe Mines Ltd. (IVN:CA) — Stifel Nicolaus downgrades its rating from Buy to Hold and lowers its price target to $12.50 from $17.00.
Ivanhoe Mines Ltd. (IVN:CA) — Scotiabank maintains its Sector Perform rating with a price target of $14.00.
Loblaw Companies Ltd. (L:CA) — TD Securities maintains its Buy rating with a price target of $75.00.
Metro Inc. (MRU:CA) — TD Securities maintains its Buy rating with a price target of $108.00.
Montage Gold Corp. (MAU:CA) — Scotiabank maintains its Outperform rating with a price target of $20.00.
MTY Food Group Inc. (MTY:CA) — Scotiabank maintains its Sector Perform rating and raises its price target to $40.00 from $36.00.
Nutrien Ltd. (NTR:CA) — TD Securities maintains its Buy rating with a price target of $115.88.
Osisko Metals Inc. (OM:CA) — Scotiabank maintains its Outperform rating with a price target of $3.00.
Peyto Exploration & Development Corp. (PEY:CA) — Scotiabank maintains its Sector Perform rating with a price target of $27.00.
PHX-Energy Services Corp. (PHX:CA) — ATB Cormark downgrades its rating from Outperform to Sector Perform and lowers its price target to $13.25 from $15.50.
RioCan REIT (REI.UN:CA) — TD Securities maintains its Buy rating with a price target of $25.00.
RioCan REIT (REI.UN:CA) — Scotiabank maintains its Sector Perform rating and raises its price target to $23.50 from $22.50.
Rockpoint Gas Storage Inc. (RGSI:CA) — TD Securities maintains its Hold rating with a price target of $25.00.
Rockpoint Gas Storage Inc. (RGSI:CA) — Scotiabank maintains its Outperform rating with a price target of $33.00.
Shopify Inc. (SHOP:CA) — ATB Cormark maintains its Sector Perform rating and raises its price target to $237.00 from $234.00.
Shopify Inc. (SHOP:CA) — National Bank maintains its Outperform rating and raises its price target to $258.00 from $251.00.
Shopify Inc. (SHOP:CA) — TD Securities maintains its Buy rating with a price target of $244.00.
Shopify Inc. (SHOP:CA) — Scotiabank maintains its Outperform rating with a price target of $279.00.
Spartan Delta Corp. (SDE:CA) — TD Securities maintains its Buy rating and lowers its price target to $16.00 from $17.00.
Spartan Delta Corp. (SDE:CA) — Scotiabank maintains its Outperform rating with a price target of $17.50.
Spin Master Corp. (TOY:CA) — ATB Cormark maintains its Outperform rating and lowers its price target to $30.00 from $39.00.
Suncor Energy Inc. (SU:CA) — Scotiabank maintains its Outperform rating with a price target of $123.00.
Telesat Corp. (TSAT:CA) — Desjardins Securities maintains its Buy rating with a price target of $91.00.
Thomson Reuters Corp. (TRI:CA) — National Bank maintains its Outperform rating and raises its price target to $190.00 from $180.00.
Thomson Reuters Corp. (TRI:CA) — Canaccord Genuity maintains its Buy rating and raises its target to $182 from $180.
Thomson Reuters Corp. (TRI:CA) — TD Securities maintains its Buy rating with a price target of $200.00.
Thomson Reuters Corp. (TRI:CA) — Scotiabank maintains its Outperform rating with a $188.50 target.
Topaz Energy Corp. (TPZ:CA) — TD Securities maintains its Buy rating with a price target of $35.00.
Topaz Energy Corp. (TPZ:CA) — Scotiabank maintains its Outperform rating with a price target of $36.00.
Toromont Industries Ltd. (TIH:CA) — Canaccord Genuity maintains its Buy rating and lowers its price target to $250.00 from $260.00.
Toromont Industries Ltd. (TIH:CA) — Scotiabank maintains its Outperform rating and raises its price target to $244.00 from $239.00.
Toromont Industries Ltd. (TIH:CA) — National Bank maintains its Outperform rating and lowers its price target to $254.00 from $261.00.
Toromont Industries Ltd. (TIH:CA) — Stifel maintains its Buy rating and raises its price target to $260.00 from $250.00.
Toromont Industries Ltd. (TIH:CA) — TD Securities maintains its Buy rating with a price target of $264.00.
TransAlta Corp. (TA:CA) — National Bank maintains its Outperform rating and lowers its price target to $23.00 from $24.00.
TransAlta Corp. (TA:CA) — Scotiabank maintains its Outperform rating with a price target of $25.00.
Wajax Corp. (WJX:CA) — TD Securities upgrades its rating from Hold to Buy and raises its price target to $41.00 from $36.00.
Wajax Corp. (WJX:CA) — Scotiabank maintains its Sector Perform rating and lowers its price target to $37.00 from $38.00.
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