Analyst Ratings (Canada)
Today’s analyst updates show a selective, valuation-conscious outlook. Utilities stand out for target increases, while mining and precious metals retain broadly bullish Buy ratings. Telecommunications face target cuts and mixed ratings, signalling caution. Automotive suppliers, transportation and industrials also see lower targets, despite continued Buy recommendations in several cases. Technology and consumer discretionary show mixed conviction, with target reductions alongside retained positive ratings. Insurance and environmental services face more conservative valuations, while real estate remains neutral. Overall, analysts continue to favour selected businesses but are trimming upside expectations across several sectors.
Analyst Updates (38)
Air Canada (AC:CA) — Canaccord Genuity maintained its Hold rating and lowered its price target to $29.00 from $33.00.
Alithya Group Inc. (ALYA:CA) — Desjardins Securities maintained its Hold rating and lowered its price target to $1.10 from $1.15.
Aritzia Inc. (ATZ:CA) — BMO maintained its Outperform rating and lowered its price target to $191.00 from $196.00.
ATCO Ltd. (ACO.X:CA) — National Bank maintained its Sector Perform rating and raised its price target to $93.00 from $79.00.
ATCO Ltd. (ACO.X:CA) — RBC Capital maintained its Sector Perform rating and raised its price target to $94.00 from $80.00.
BCE-Inc. (BCE:CA) — CIBC maintained its Outperformer rating and lowered its price target to $38.00 from $39.00.
Boyd Group Services Inc. (BYD:CA) — TD Securities maintained its Buy rating and lowered its price target to $175.00 from $200.00.
Canadian Utilities Ltd. (CU:CA) — National Bank maintained its Sector Perform rating and raised its price target to $56.00 from $55.00.
Canadian Utilities Ltd. (CU:CA) — RBC Capital maintained its Sector Perform rating and raised its price target to $63.00 from $58.00.
CGI Inc. (GIB.A:CA) — Desjardins Securities maintained its Buy rating and lowered its price target to $115.00 from $118.00.
Cogeco Communications Inc. (CCA:CA) — CIBC maintained its Neutral rating and lowered its price target to $65.00 from $71.00.
Cogeco Inc. (CGO:CA) — CIBC maintained its Neutral rating and lowered its price target to $60.00 from $67.00.
Discovery Silver Corp. (DSV:CA) — Scotiabank maintained its Outperform rating with a $15.00 price target.
DPM-Metals (DPM:CA) — TD Securities maintained its Buy rating with a $59.00 price target.
Emera Inc. (EMA:CA) — National Bank maintained its Sector Perform rating and raised its price target to $74.00 from $73.00.
Endeavour Silver Corp. (EDR:CA) — TD Securities maintained its Buy rating with a $15.00 price target.
Exchange Income Corp. (EIF:CA) — National Bank maintained its Outperform rating with a $145.00 price target.
Fairfax Financial Holdings Ltd. (FFH:CA) — ATB Cormark maintained its Sector Perform rating and lowered its price target to $2,500.00 from $2,600.00.
First Majestic Silver Corp. (AG:CA) — TD Securities maintained its Buy rating with a $31.00 price target.
G Mining Ventures (GMIN:CA) — TD Securities maintained its Buy rating with a $67.00 price target.
GFL-Environmental Inc. (GFL:CA) — CIBC maintained its Outperform rating and lowered its price target to $77.00 from $82.00.
Hydro One Ltd. (H:CA) — Scotiabank maintained its Sector Perform rating with a $55.00 price target.
Hydro One Ltd. (H:CA) — TD Securities maintained its Hold rating with a $58.00 price target.
Ivanhoe Mines Ltd. (IVN:CA) — TD Securities maintained its Buy rating with a $14.00 price target.
K92 Mining Inc. (KNT:CA) — TD Securities maintained its Buy rating with a $31.00 price target.
Linamar Corp. (LNR:CA) — TD Securities maintained its Buy rating and lowered its price target to $120.00 from $123.00.
Magna International Inc. (MG:CA) — TD Securities maintained its Buy rating and lowered its price target to $110.00 from $114.00.
Martinrea International Inc. (MRE:CA) — TD Securities maintained its Buy rating and lowered its price target to $15.00 from $16.00.
MTY-Food Group Inc. (MTY:CA) — TD Securities maintained its Hold rating with a $38.00 price target.
Osisko Metals Incorporated (OM:CA) — Scotiabank maintained its Outperform rating with a $3.00 price target.
Primaris REIT (PMZ-UN:CA) — Scotiabank maintained its Sector Perform rating with a $24.00 price target.
RB Global Inc. (RBA:CA) — CIBC maintained its Outperform rating with a $192.00 price target.
Taseko Mines Ltd. (TKO:CA) — TD Securities maintained its Buy rating with a $14.00 price target.
Telus Corp. (T:CA) — CIBC maintained its Neutral rating and lowered its price target to $14.00 from $15.00.
Tilray Inc. (TLRY:CA) — TD Securities maintained its Buy rating with a $6.50 price target.
Versamet Royalties Corp. (VMET:CA) — TD Securities initiated coverage with a Buy rating and a $21.00 price target.
Wajax Corp. (WJX:CA) — TD Securities maintained its Hold rating with a $34.00 price target.
Wellstar Technologies Corp. (WSTR:CA) — TD Securities maintained its Buy rating with an $8.50 price target.
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