Analyst Ratings (Canada)
The following are today’s latest 34 analyst ratings tracked from muliple analysts for Canadian listed and traded stocks:
Alaris Equity Partners Income Trust (AD.UN:CA) was initiated at Sector Perform with a $20.00 target by RBC Capital, reflecting expectations for steady income generation.
Algoma Steel Group Inc. (ASTL:CA) had its target price reduced to $10.75 by Stifel Nicolaus, citing weaker steel price momentum.
Algonquin Power (AQN:CA) was upgraded to Buy with a new $8.75 target by Desjardins Securities, supported by improving fundamentals in its utility operations.
Aritzia Inc. (ATZ:CA) received a price target increase to $94.00 and an Outperform rating from CIBC World Markets, highlighting strong retail growth potential.
BRP Inc. (DOO:CA) was upgraded to Buy with a $102.00 target by Citigroup, reflecting confidence in resilient consumer demand for recreational vehicles.
Canadian National Railway Co. (CNR:CA) saw its target raised to $148.00 by Bernstein, based on stronger rail volume trends.
Canadian Pacific Kansas City (CP:CA) had its target lifted to $121.00 by Bernstein, citing cross-border growth opportunities.
Cargojet Inc. (CJT:CA) was initiated at Buy with a $149.00 target by Desjardins Securities, reflecting optimism about air cargo demand.
Cineplex Inc. (CGX:CA) had its target reduced to $13.00 by National Bank but maintained an Outperform rating, citing box office recovery despite near-term challenges.
Dentalcorp Holdings Ltd. (DNTL:CA) was downgraded to Hold with an $11.00 target by Stifel Nicolaus, reflecting slower-than-expected margin improvement.
DPM Metals Inc. (DPM:CA) had its target reduced to $33.00 and was rated Neutral by CIBC World Markets, due to cautious commodity price outlook.
ECN Capital Corp. (ECN:CA) was initiated at Sector Perform with a $3.25 target by RBC Capital, signaling balanced risk-reward.
European Residential REIT (ERE-UN:CA) had its target cut to $1.25 and rated Hold by TD Securities, reflecting macroeconomic challenges in the European housing market.
European Residential REIT (ERE.UN:CA) had its target lowered to $1.00 with a Sector Perform rating by RBC Capital, citing valuation concerns.
Exchange Income Corp. (EIF:CA) had its target raised to $90.00 and was given a Strong Buy rating by Raymond James, highlighting diversified growth drivers.
Foran Mining Corp. (FOM:CA) saw its target raised to $4.25 by Cormark Securities, driven by confidence in its copper project development.
GFL Environmental Inc. (GFL:CA) was maintained at Buy with an $86.00 target by Stifel Nicolaus, citing ongoing growth in waste management operations.
Goeasy Ltd. (GSY:CA) was initiated at Sector Perform with a $194.00 target by RBC Capital, reflecting cautious optimism in consumer lending.
Imperial Oil Ltd. (IMO:CA) was maintained at Sector Perform with a $110.00 target by Scotiabank, citing stable but limited upside in energy markets.
Imperial Oil Ltd. (IMO:CA) was downgraded to Sell with a $104.00 target by TD Securities, reflecting margin pressures and valuation risks.
Ivanhoe Mines Ltd. (IVN:CA) had its target lifted to $16.50 with a Buy rating from Canaccord Genuity, citing strong copper production growth.
Maple Leaf Foods Inc. (MFI:CA) was maintained at Sector Perform with a $35.00 target by Scotiabank, citing steady fundamentals in the food segment.
NGEx Minerals Ltd. (NGEX:CA) had its target raised to $34.00 and rated Outperform by National Bank, reflecting optimism around exploration success.
Nuvista Energy (NVA:CA) was downgraded to Hold with a $17.00 target by TD Securities, citing softer commodity price outlook.
Omai Gold Mines Corp. (OMG:CA) had its target raised to $1.75 by Stifel Nicolaus, reflecting exploration upside.
Onex Corp. (ONEX:CA) was initiated at Sector Perform with a $141.00 target by RBC Capital, reflecting balanced outlook for private equity exposure.
Russel Metals Inc. (RUS:CA) had its target reduced to $54.00 but maintained an Outperform rating from Raymond James, citing near-term volatility but strong long-term fundamentals.
Spin Master Corp. (TOY:CA) had its target lowered to $23.00 by CIBC World Markets, citing weaker toy demand trends.
Stella-Jones Inc. (SJ:CA) had its target raised to $92.00 and rated Buy by Desjardins Securities, reflecting strong demand for treated wood products.
TD Bank Group (TD:CA) was maintained at Sector Perform with a $104.00 target by Scotiabank, citing balanced outlook in the banking sector.
TD Bank Group (TD:CA) had its target raised to $107.00 by BMO Capital Markets, reflecting steady earnings growth.
TD Bank Group (TD:CA) was reiterated as a Buy with a $119.00 target by Canaccord Genuity, reflecting confidence in profitability.
TD Bank Group (TD:CA) had its target lifted to $124.00 by Jefferies, reflecting optimism in earnings resilience.
TMX Group Ltd. (X:CA) was initiated at Outperform with a $66.00 target by RBC Capital, reflecting growth in capital markets activity.
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It’s interesting to see such a wide range of analyst moves in one day—particularlyBlog comment creation guide the upgrades for Aritzia and BRP alongside the downgrade for Algoma Steel. The contrasting outlooks really highlight how sector-specific trends, like retail growth versus steel price pressures, are shaping investor sentiment. I’m especially curious to watch whether the optimism around CNR’s rail volumes holds up as freight demand continues to shift heading into Q4.