Analyst Ratings (Canada)
Canadian analyst outlook for November 9th remains cautiously optimistic, with positive ratings and upward price-target revisions concentrated in industrials, infrastructure, financial services, utilities, and consumer-related stocks. Stronger earnings expectations and improving operating fundamentals are supporting confidence in select companies, while energy and pipeline stocks continue to attract favourable recommendations. However, significant target reductions in insurance, mining, telecommunications, and certain resource companies highlight ongoing concerns about profitability, valuations, and operating risks.
Updates (106)
Algonquin Power & Utilities Corp. (AQN:CA) — National Bank maintains its Outperform rating and lowers its price target to $9.15 from $9.85.
Algonquin Power & Utilities Corp. (AQN:CA) — Raymond James maintains its Outperform rating and lowers its price target to $9.90 from $10.25.
Algonquin Power & Utilities Corp. (AQN:CA) — BMO maintains its Market Perform rating and lowers its price target to $8.50 from $9.20.
Algonquin Power & Utilities Corp. (AQN:CA) — Scotiabank maintains its Sector Outperform rating with a price target of $9.15.
ATCO Ltd. (ACO.X:CA) — National Bank maintains its Sector Perform rating and raises its price target to $94.00 from $93.00.
ATCO Ltd. (ACO.X:CA) — RBC maintains its Sector Perform rating and raises its price target to $99.00 from $94.00.
AtkinsRéalis Group Inc. (ATRL:CA) — TD Securities maintains its Buy rating with a price target of $118.00.
Atrium Mortgage Investment Corp. (AI:CA) — National Bank maintains its Sector Perform rating and lowers its price target to $11.00 from $11.50.
Atrium Mortgage Investment Corp. (AI:CA) — TD Securities maintains its Buy rating with a price target of $12.50.
Aurora Cannabis Inc. (ACB:CA) — TD Securities maintains its Sell rating with a price target of $7.80.
B2Gold Corp. (BTO:CA) — National Bank maintains its Outperform rating and raises its price target to $11.00 from $10.25.
Badger Infrastructure Solutions Ltd. (BDGI:CA) — CIBC maintains its Outperform rating and raises its price target to $117.00 from $115.00.
Badger Infrastructure Solutions Ltd. (BDGI:CA) — National Bank maintains its Outperform rating and lowers its price target to $100.00 from $113.00.
Badger Infrastructure Solutions Ltd. (BDGI:CA) — TD Securities maintains its Buy rating and raises its price target to $117.00 from $111.00.
Barrick Mining Corporation (ABX:CA) — CIBC maintains its Neutral rating with a price target of $69.00.
Baytex Energy Corp. (BTE:CA) — CIBC maintains its Neutral rating with a price target of $8.50.
Brookfield Asset Management Ltd. (BAM:CA) — National Bank maintains its Outperform rating and raises its price target to $101.50 from $98.75.
Brookfield Asset Management Ltd. (BAM:CA) — Scotiabank maintains its Sector Outperform rating and raises its price target to $85.00 from $83.00.
Brookfield Asset Management Ltd. (BAM:CA) — TD Securities maintains its Buy rating with a price target of $99.00.
Brookfield Corp. (BN:CA) — TD Securities maintains its Buy rating with a price target of $86.00.
Brookfield Infrastructure Partners LP (BIP.UN:CA) — TD Securities maintains its Buy rating with a price target of $80.00.
Cameco Corp. (CCO:CA) — Paradigm Capital upgrades the stock to Buy and lowers its price target to $130.00 from $150.00.
Canadian Apartment Properties REIT (CAR.UN:CA) — Raymond James maintains its Outperform rating and lowers its price target to $36.50 from $37.00.
Canadian Utilities Ltd. (CU:CA) — RBC maintains its Sector Perform rating and lowers its price target to $62.00 from $63.00.
Canadian Utilities Ltd. (CU:CA) — National Bank maintains its Sector Perform rating and raises its price target to $57.00 from $56.00.
Cascades Inc. (CAS:CA) — Scotiabank maintains its Sector Outperform rating with a price target of $20.50.
Chartwell Retirement Residences (CSH.UN:CA) — Scotiabank maintains its Sector Outperform rating with a price target of $26.00.
Chartwell Retirement Residences (CSH.UN:CA) — TD Securities maintains its Buy rating and raises its price target to $27.00 from $26.00.
Cineplex Inc. (CGX:CA) — National Bank maintains its Outperform rating and raises its price target to $16.00 from $14.00.
Cineplex Inc. (CGX:CA) — Canaccord Genuity maintains its Hold rating and raises its price target to $14.00 from $12.25.
Cineplex Inc. (CGX:CA) — Scotiabank maintains its Sector Outperform rating with a price target of $16.00.
Coeur Mining Inc. (CDE) — Scotiabank sets a price target of $33.00 per share
Constellation Software Inc. (CSU:CA) — Raymond James maintains its Market Perform rating and raises its price target to $3,800.00 from $3,500.00.
Definity Financial Corp. (DFY:CA) — National Bank maintains its Outperform rating and raises its price target to $96.00 from $92.00.
Definity Financial Corp. (DFY:CA) — Scotiabank maintains its Sector Perform rating with a price target of $84.00.
Denison Mines Corp. (DML:CA) — RBC maintains its Outperform rating and lowers its price target to $5.00 from $6.00.
Dexterra Group Inc. (DXT:CA) — Scotiabank maintains its Sector Perform rating with a price target of $15.50.
Docebo Inc. (DCBO:CA) — National Bank maintains its Sector Perform rating and raises its price target to $45.00 from $43.75.
Docebo Inc. (DCBO:CA) — Canaccord Genuity maintains its Buy rating and raises its price target to $58.50 from $50.75.
Docebo Inc. (DCBO:CA) — ATB Cormark maintains its Outperform rating and raises its price target to $69.09 from $62.00.
Docebo Inc. (DCBO:CA) — Stifel Nicolaus maintains its Buy rating and raises its price target to $50.75 from $39.50.
Docebo Inc. (DCBO:CA) — TD Securities maintains its Buy rating and raises its price target to $50.75 from $39.50.
Docebo Inc. (DCBO:CA) — Scotiabank maintains its Sector Outperform rating with a price target of $35.25.
Doman Building Materials Group Ltd. (DBM:CA) — TD Securities maintains its Buy rating and lowers its price target to $12.00 from $13.00.
Dominion Lending Centres Inc. (DLCG:CA) — National Bank maintains its Outperform rating and lowers its price target to $11.00 from $12.00.
Emera Inc. (EMA:CA) — National Bank maintains its Sector Perform rating and raises its price target to $75.00 from $74.00.
Emera Inc. (EMA:CA) — Desjardins Securities maintains its Hold rating and raises its price target to $76.00 from $74.00.
Emera Inc. (EMA:CA) — RBC maintains its Outperform rating and lowers its price target to $82.00 from $84.00.
Enbridge Inc. (ENB:CA) — Scotiabank maintains its Sector Outperform rating with a price target of $84.00.
Enbridge Inc. (ENB:CA) — TD Securities maintains its Buy rating and lowers its price target to $82.00 from $83.00.
Enbridge Inc. (ENB:CA) — CIBC maintains its Outperform rating and raises its price target to $76.00 from $75.00.
Ensign Energy Services Corp. (ESI:CA) — BMO upgrades the stock to Outperform and raises its price target to $6.00 from $4.00.
Ensign Energy Services Corp. (ESI:CA) — TD Securities maintains its Buy rating with a price target of $4.75.
Eupraxia Pharmaceuticals Inc. (EPRX:CA) — RBC maintains its Outperform rating with a price target of $19.74.
Extendicare Inc. (EXE:CA) — Desjardins Securities maintains its Buy rating and raises its price target to $39.50 from $39.00.
Extendicare Inc. (EXE:CA) — TD Securities maintains its Buy rating with a price target of $36.00.
Granite Real Estate Investment Trust (GRT.UN:CA) — RBC maintains its Outperform rating and lowers its price target to $105.00 from $110.00.
IGM-Financial Inc. (IGM:CA) — National Bank maintains its Outperform rating and raises its price target to $94.00 from $92.00.
IGM-Financial Inc. (IGM:CA) — Desjardins Securities maintains its Buy rating and raises its price target to $94.00 from $93.00.
IGM-Financial Inc. (IGM:CA) — Scotiabank maintains its Sector Perform rating and raises its price target to $90.00 from $88.00.
IGM-Financial Inc. (IGM:CA) — CIBC maintains its Neutral rating with a price target of $86.00.
illumin Holdings Inc. (ILLM:CA) — TD Securities maintains its Hold rating and lowers its price target to $0.60 from $1.00.
Interfor Corp. (IFP:CA) — TD Securities maintains its Hold rating with a price target of $15.00.
Kinaxis Inc. (KXS:CA) — National Bank maintains its Outperform rating and raises its price target to $245.00 from $210.00.
Lassonde Industries Inc. (LAS.A:CA) — Desjardins Securities maintains its Buy rating and lowers its price target to $270.00 from $275.00.
Lassonde Industries Inc. (LAS.A:CA) — Stifel maintains its Buy rating and lowers its price target to $285.00 from $300.00.
Leon’s Furniture Ltd. (LNF:CA) — CIBC maintains its Neutral rating and raises its price target to $30.00 from $26.00.
Leon’s Furniture Ltd. (LNF:CA) — Stifel maintains its Hold rating and raises its price target to $27.00 from $25.50.
Leon’s Furniture Ltd. (LNF:CA) — National Bank maintains its Outperform rating and raises its price target to $36.00 from $34.00.
Leon’s Furniture Ltd. (LNF:CA) — RBC maintains its Outperform rating and raises its price target to $33.00 from $32.00.
Nexus Industrial REIT (NXR.UN:CA) — National Bank maintains its Sector Perform rating and raises its price target to $8.25 from $7.75.
Nexus Industrial REIT (NXR.UN:CA) — Desjardins Securities maintains its Buy rating and raises its price target to $8.75 from $8.25.
Nexus Industrial REIT (NXR.UN:CA) — TD Securities maintains its Hold rating with a price target of $8.00.
NFI-Group Inc. (NFI:CA) — Scotiabank maintains its Sector Outperform rating and raises its price target to $29.50 from $28.50.
NFI-Group Inc. (NFI:CA) — Stifel Nicolaus maintains its Buy rating and raises its price target to $34.00 from $31.00.
NFI-Group Inc. (NFI:CA) — ATB Cormark maintains its Outperform rating and raises its price target to $33.00 from $32.00.
NFI-Group Inc. (NFI:CA) — TD Securities maintains its Buy rating with a price target of $32.00.
NFI-Group Inc. (NFI:CA) — CIBC maintains its Outperform rating and raises its price target to $32.00 from $30.00.
North West Company Inc. (NWC:CA) — TD Securities maintains its Buy rating and raises its price target to $65.00 from $63.00.
Nutrien Ltd. (NTR:CA) — TD Securities maintains its Buy rating with a price target of $117.03.
Pan American Silver Corp. (PAAS:CA) — TD Securities downgrades the stock to Hold and lowers its price target to $63.45 from $73.32.
Paramount Resources Ltd. (POU:CA) — Scotiabank upgrades the stock to Sector Outperform and raises its price target to $42.00 from $40.00.
Parex Resources Inc. (PXT:CA) — Scotiabank assigns a Sector Perform rating with a price target of $30.00.
Parkit Enterprise Inc. (PKT:CA) — Raymond James upgrades the stock to Outperform but lowers its price target to $8.50 from $9.00.
Pembina Pipeline Corp. (PPL:CA) — National Bank maintains its Outperform rating and raises its price target to $74.00 from $73.00.
Pembina Pipeline Corp. (PPL:CA) — Raymond James maintains its Outperform rating and raises its price target to $76.00 from $75.00.
Pembina Pipeline Corp. (PPL:CA) — Scotiabank maintains its Sector Perform rating with a price target of $73.00.
Premium Brands Holdings Corp. (PBH:CA) — TD Securities maintains its Buy rating with a price target of $120.00.
Russel Metals Inc. (RUS:CA) — Scotiabank maintains its Sector Outperform rating and lowers its price target to $109.00 from $113.00.
Sangoma Technologies Corp. (STC:CA) — TD Securities maintains its Sell rating and lowers its price target to $7.15 from $7.35.
Saputo Inc. (SAP:CA) — Scotiabank maintains its Sector Outperform rating and raises its price target to $51.00 from $49.00.
Saputo Inc. (SAP:CA) — National Bank maintains its Sector Outperform rating and raises its price target to $48.00 from $47.00.
Saputo Inc. (SAP:CA) — Desjardins Securities maintains its Buy rating and raises its price target to $49.00 from $47.00.
Saputo Inc. (SAP:CA) — Ventum maintains its Buy rating and raises its price target to $50.00 from $49.00.
Saputo Inc. (SAP:CA) — CIBC maintains its Neutral rating and raises its price target to $46.00 from $45.00.
SmartCentres REIT (SRU.UN:CA) — Scotiabank maintains its Sector Perform rating with a price target of $29.00.
SmartCentres REIT (SRU.UN:CA) — TD Securities maintains its Buy rating and lowers its price target to $30.00 from $31.00.
South Bow Corp. (SOBO:CA) — TD Securities upgrades the stock to Buy with a price target of $51.00.
TELUS Corp. (T:CA) — ATB Cormark maintains its Sector Perform rating and lowers its price target to $13.00 from $14.00.
TELUS Corp. (T:CA) — National Bank maintains its Sector Perform rating and raises its price target to $14.00 from $13.00.
TELUS Corp. (T:CA) — Scotiabank maintains its Sector Perform rating and raises its price target to $16.25 from $15.25.
Trisura Group Ltd. (TSU:CA) — RBC maintains its Outperform rating and lowers its price target to $42.00 from $54.00.
Trisura Group Ltd. (TSU:CA) — National Bank downgrades the stock to Sector Perform and lowers its price target to $35.00 from $60.00.
Trisura Group Ltd. (TSU:CA) — CIBC maintains its Outperform rating and lowers its price target to $36.00 from $55.00.
Western Forest Products Inc. (WEF:CA) — Scotiabank maintains its Sector Perform rating with a price target of $20.00.
WSP-Global Inc. (WSP:CA) — TD Securities maintains its Buy rating with a price target of $253.00.

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