Analyst Ratings (Canada)
Canadian analyst outlook remains cautiously bullish but increasingly selective, with positive outlooks across energy, pipelines, financial services, insurance, infrastructure, and precious metals. Analysts continue to favour companies demonstrating strong cash flow generation, resilient earnings, shareholder returns, and sustainable growth opportunities. Technology and renewable energy also attract favourable recommendations, supported by longer-term growth potential. However, widespread price target reductions across manufacturing, industrials, forestry, real estate, and consumer-related sectors reflect concerns over weaker demand, margin pressures, and earnings uncertainty.
Updates (124)
AirBoss of America (BOS:CA) — TD Securities maintains Buy and raises its target to $12 from $11.
Algonquin Power & Utilities (AQN:CA) — CIBC maintains Neutral with an $8 target.
Altus Group (AIF:CA) — TD Securities maintains Buy and raises its target to $60 from $55.
AtkinsRéalis Group (ATRL:CA) — Scotiabank maintains Sector Outperform with a $114 target.
Baytex Energy (BTE:CA) — Scotiabank maintains Sector Outperform with an $8.50 target.
Baytex Energy (BTE:CA) — TD Securities upgrades the stock from Hold to Buy with an $8 target.
BCE-Inc. (BCE:CA) — Scotiabank maintains Sector Outperform with a $38 target.
BCE-Inc. (BCE:CA) — TD Securities maintains Buy with a $44 target.
Bombardier (BBD.B:CA) — Scotiabank maintains Sector Outperform with a $365 target.
Bombardier (BBD.B:CA) — TD Securities maintains Hold with a $337 target.
Brookfield Business Corporation (BBUC) — Scotiabank maintains Sector Outperform with a CAD-equivalent target of $59.34.
Cameco (CCO:CA) — TD Securities maintains Buy with a $188 target.
Canadian Apartment Properties REIT (CAR.UN:CA) — Scotiabank maintains Sector Perform with a $38.50 target.
Canadian Apartment Properties REIT (CAR.UN:CA) — TD Securities maintains Buy and lowers its target to $40 from $41.
Canadian Natural Resources (CNQ:CA) — Scotiabank maintains Sector Perform with an $80 target.
Canadian Natural Resources (CNQ:CA) — TD Securities maintains Buy and lowers its target to $81 from $82.
Canfor (CFP:CA) — Scotiabank maintains Sector Perform with an $18 target.
Cascades (CAS:CA) — Scotiabank maintains Sector Outperform with a $20.50 target.
Cascades (CAS:CA) — TD Securities maintains Buy with a $20 target.
Chartwell Retirement Residences (CSH.UN:CA) — Scotiabank maintains Sector Outperform with a $26 target.
Crombie REIT (CRR.UN:CA) — Scotiabank maintains Sector Outperform with a $19 target.
Crombie REIT (CRR.UN:CA) — TD Securities maintains Buy with an $18 target.
Definity Financial (DFY:CA) — CIBC maintains Neutral with an $86 target.
Definity Financial (DFY:CA) — Scotiabank maintains Sector Perform with an $83 target.
Definity Financial (DFY:CA) — TD Securities maintains Buy and lowers its target to $86 from $87.
Dexterra Group (DXT:CA) — Scotiabank maintains Sector Perform with a $15.50 target.
Docebo (DCBO:CA) — CIBC maintains Outperform and raises its target to $52 from $41.65.
Dream Office REIT (D.UN:CA) — CIBC maintains Outperform and lowers its target to $20 from $22.
Dream Office REIT (D.UN:CA) — Scotiabank maintains Sector Perform with a $21 target.
DRI Healthcare Trust (DHT.U:CA) — Scotiabank maintains Sector Outperform with a CAD-equivalent target of $42.38.
Enbridge (ENB:CA) — CIBC maintains Outperform with a $75 target.
Ensign Energy Services (ESI:CA) — CIBC maintains Neutral and raises its target to $4 from $3.75.
First Majestic Silver (AG) — Scotiabank maintains Sector Perform with a CAD-equivalent target of $31.79.
Gildan Activewear (GIL:CA) — Scotiabank downgrades the stock to Sector Perform with a CAD-equivalent target of $55.10.
Gildan Activewear (GIL:CA) — TD Securities maintains Buy and lowers its CAD-equivalent target to $69.23 from $76.29.
Granite REIT (GRT.UN:CA) — Scotiabank maintains Sector Outperform with a $105 target.
Granite REIT (GRT.UN:CA) — TD Securities maintains Buy with a $99 target.
Great-West Lifeco (GWO:CA) — Scotiabank maintains Sector Outperform with a $101 target.
IAMGOLD (IAM:CA) — Scotiabank maintains Sector Perform with a CAD-equivalent target of $32.49.
IGM-Financial (IGM:CA) — Scotiabank maintains Sector Perform with an $88 target.
IGM-Financial (IGM:CA) — TD Securities maintains Buy with a $95 target.
Interfor (IFP:CA) — CIBC maintains Neutral with a $15 target.
Interfor (IFP:CA) — Scotiabank maintains Sector Outperform with a $20 target.
Killam Apartment REIT (KMP.UN:CA) — Scotiabank maintains Sector Outperform with a $20.50 target.
Killam Apartment REIT (KMP.UN:CA) — TD Securities maintains Buy with a $21 target.
Kimbell Royalty Partners (KRP) — TD Securities maintains Buy with a CAD-equivalent target of $32.49.
Kinaxis (KXS:CA) — Scotiabank maintains Sector Outperform with a $200 target.
Kinaxis (KXS:CA) — TD Securities maintains Buy and raises its target to $225 from $200.
Lightspeed Commerce (LSPD:CA) — Scotiabank maintains Sector Perform with a CAD-equivalent target of $14.13.
Lightspeed Commerce (LSPD:CA) — TD Securities maintains Hold with a CAD-equivalent target of $15.54.
Lundin Mining (LUN:CA) — Scotiabank maintains Sector Outperform with a $45 target.
Manulife Financial (MFC:CA) — Scotiabank maintains Sector Perform with a $67 target.
MDA-Space (MDA:CA) — Scotiabank maintains Sector Outperform with a $55 target.
Nexus Industrial REIT (NXR.UN:CA) — CIBC maintains Neutral with an $8.50 target.
Nexus Industrial REIT (NXR.UN:CA) — Scotiabank maintains Sector Perform with a $9 target.
NFI-Group (NFI:CA) — Scotiabank maintains Sector Outperform with a $28.50 target.
Open Text (OTEX:CA) — Scotiabank maintains Sector Outperform with a CAD-equivalent target of $46.62.
Open Text (OTEX:CA) — TD Securities maintains Hold with a CAD-equivalent target of $38.15.
Pason Systems (PSI:CA) — TD Securities maintains Hold with a $15 target.
Pembina Pipeline (PPL:CA) — TD Securities maintains Buy with an $80 target.
Premium Brands Holdings (PBH:CA) — Scotiabank maintains Sector Outperform with a $100 target.
Primo Brands (PRMB) — TD Securities maintains Buy with a CAD-equivalent target of $42.38.
Quebecor (QBR.B:CA) — Scotiabank maintains Sector Perform with a $72 target.
Quebecor (QBR.B:CA) — TD Securities maintains Buy and raises its target to $83 from $80.
Saputo (SAP:CA) — Scotiabank maintains Sector Outperform with a $49 target.
Savaria (SIS:CA) — Scotiabank maintains Sector Outperform with a $35 target.
Savaria (SIS:CA) — TD Securities maintains Buy and raises its target to $38 from $37.
Sun Life Financial (SLF:CA) — Scotiabank maintains Sector Outperform with a $117 target.
TC Energy (TRP:CA) — Scotiabank maintains Sector Outperform with a $105 target.
TC Energy (TRP:CA) — TD Securities maintains Buy and raises its target to $105 from $103.
TELUS (T:CA) — CIBC maintains Neutral with a $14 target.
Tourmaline Oil (TOU:CA) — Scotiabank maintains Sector Outperform with a $73 target.
Trisura Group (TSU:CA) — Scotiabank maintains Sector Perform with a $52 target.
Trisura Group (TSU:CA) — TD Securities downgrades the stock from Buy to Hold and lowers its target to $45 from $56.
Western Forest Products (WEF:CA) — Scotiabank maintains Sector Perform with a $20 target.
Western Forest Products (WEF:CA) — TD Securities maintains Hold with a $17 target.
Wheaton Precious Metals (WPM) — Scotiabank maintains Sector Outperform with a CAD-equivalent target of $247.24.
WSP-Global (WSP:CA) — Scotiabank maintains Sector Outperform with a $264 target.
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