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Canadian Analyst Updates: Oct 29th, 2026

Canadian Analyst Updates: Oct 29th, 2026

Canadian Analyst Ratings

Canadian analyst outlook remains cautiously optimistic, with a mixed outlook across transportation, energy, mining, technology, and financial sectors. Positive price-target revisions reflect confidence in earnings growth, operational improvements, and long-term demand, particularly in infrastructure and industrial services. However, downward adjustments highlight concerns over weaker economic conditions, rising operating costs, and earnings uncertainty.

Updates (44)

Agnico Eagle Mines Ltd. (AEM:CA) — Scotiabank maintains its Outperform rating with a $363.00 price target.

Air Canada (AC:CA) — Stifel Nicolaus lowers its price target to $32.00 from $38.00, maintaining a Buy rating.

Allied Properties REIT (AP.UN:CA) — Scotiabank maintains its Sector Perform rating with a $9.00 price target.

Apotex Health Corp. (APTX:CA) — Scotiabank maintains its Outperform rating with a $40.00 price target.

Aritzia Inc. (ATZ:CA) — National Bank raises its price target to $188.00 from $182.00, maintaining an Outperform rating.

Athabasca Oil Corp. (ATH:CA) — Scotiabank maintains its Sector Perform rating with a $12.00 price target.

Athabasca Oil Corp. (ATH:CA) — TD Securities maintains its Sell rating with a $12.00 price target.

BCE-Inc. (BCE:CA) — TD Securities raises its price target to $44.00 from $40.00, maintaining a Buy rating.

Bird Construction Inc. (BDT:CA) — CIBC World Markets raises its price target to $87.00 from $83.00; the rating was not specified.

Canada Packers Inc. (CPKR:CA) — RBC Dominion Securities lowers its price target to $19.00 from $20.00, maintaining a Sector Perform rating.

Canadian Pacific Kansas City Ltd. (CP:CA) — Scotiabank maintains its Outperform rating with a $144.00 price target.

Canadian Pacific Kansas City Ltd. (CP:CA) — TD Securities maintains its Hold rating with a $134.00 price target.

Canadian Pacific Kansas City Ltd. (CP:CA) — National Bank raises its price target to $142.00 from $140.00, maintaining an Outperform rating.

Canadian Pacific Kansas City Ltd. (CP:CA) — ATB Cormark lowers its price target to $144.00 from $146.00, maintaining an Outperform rating.

Canadian Pacific Kansas City Ltd. (CP:CA) — Desjardins Securities lowers its price target to $141.00 from $143.00, maintaining a Buy rating.

Canadian Pacific Kansas City Ltd. (CP:CA) — Scotiabank raises its price target to $144.00 from $143.00, maintaining an Outperform rating.

Canadian Pacific Kansas City Ltd. (CP:CA) — CIBC World Markets raises its price target to $150.00 from $143.00, maintaining an Outperform rating.

Canadian Pacific Kansas City Ltd. (CP:CA) — Citigroup raises its price target to $106.00 from $102.00, maintaining a Buy rating.

Celestica Inc. (CLS:CA) — Scotiabank maintains its Outperform rating with a $700.00 price target.

Celestica Inc. (CLS:CA) — Canaccord Genuity raises its price target to $670.00 from $635.00, maintaining a Buy rating.

Champion Iron Ltd. (CIA:CA) — Scotiabank maintains its Outperform rating with a $4.00 price target.

Champion Iron Ltd. (CIA:CA) — Raymond James lowers its price target to $5.00 from $5.50, maintaining an Outperform rating.

Cogeco Communications Inc. (CCA:CA) — Scotiabank maintains its Sector Perform rating with a $64.50 price target.

Definity Financial Corp. (DFY:CA) — Desjardins Securities lowers its price target to $80.00 from $85.00, maintaining a Hold rating.

Eldorado Gold Corp. (ELD:CA) — Scotiabank maintains its Outperform rating with a $66.00 price target.

Finning International Inc. (FTT:CA) — CIBC World Markets lowers its price target to $120.00 from $122.00; the rating was not specified.

First Quantum Minerals Ltd. (FM:CA) — Scotiabank maintains its Outperform rating with a $53.00 price target.

Intact Financial Corp. (IFC:CA) — Desjardins Securities maintains its Buy rating with a $310.00 price target.

Kinaxis Inc. (KXS:CA) — Stifel Nicolaus raises its price target to $225.00 from $200.00, maintaining a Buy rating.

Kinross Gold Corp. (K:CA) — Scotiabank maintains its Outperform rating with a $54.50 price target.

Morguard North American Residential REIT (MRG.UN:CA) — TD Securities lowers its price target to $20.00 from $21.00, maintaining a Buy rating.

Open Text Corp. (OTEX:CA) — TD Securities maintains its Hold rating with a $38.00 price target.

Precision Drilling Corp. (PD:CA) — TD Securities raises its price target to $182.00 from $150.00, maintaining a Buy rating.

Precision Drilling Corp. (PD:CA) — ATB Cormark raises its price target to $190.00 from $170.00, maintaining an Outperform rating.

Precision Drilling Corp. (PD:CA) — Raymond James raises its price target to $175.00 from $170.00, maintaining an Outperform rating.

Primaris REIT (PMZ.UN:CA) — Scotiabank maintains its Sector Perform rating with a $24.00 price target.

TerraVest Industries Inc. (TVK:CA) — CIBC World Markets lowers its price target to $134.00 from $148.00; the rating was not specified.

Trican Well Service Ltd. (TCW:CA) — Raymond James raises its price target to $7.25 from $6.75, maintaining a Market Perform rating.

Trisura Group Ltd. (TSU:CA) — Desjardins Securities lowers its price target to $56.00 from $60.00, maintaining a Buy rating.

West Fraser Timber Co. Ltd. (WFG:CA) — Scotiabank maintains its Outperform rating with a $126.00 price target.

West Fraser Timber Co. Ltd. (WFG:CA) — Raymond James lowers its price target to $112.00 from $119.00, maintaining an Outperform rating.

Whitecap Resources Inc. (WCP:CA) — Scotiabank maintains its Outperform rating with a $22.00 price target.

Whitecap Resources Inc. (WCP:CA) — Canaccord Genuity raises its price target to $23.50 from $23.00, maintaining a Buy rating.

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