Analyst Ratings (Canada)
Today’s analyst sentiment is generally positive, led by Energy, Industrials, Technology, and Materials/Mining. Energy has the strongest momentum, with multiple upgrades and target increases, while Technology is also optimistic with several upward target revisions. Industrials remain broadly bullish, supported by a number of “Buy” ratings despite some target reductions. Materials/Mining sentiment is positive, with analysts maintaining favorable ratings across the sector. Communications is also positive, while Utilities and Consumer Staples remain more neutral. Consumer Discretionary is the weakest area, with several target-price reductions suggesting a more cautious outlook.
32 Analyst Updates
ATS-Corporation (ATS:CA): Scotiabank maintained its Outperform rating with a target price of $31.00.
Banyan Gold Corp. (BYN:CA): Scotiabank maintained its Outperform rating with a target price of $3.00.
Boyd Group Services Inc. (BYD:CA): RBC Capital lowered its target price to $224.00 from $236.00.
CCL Industries Inc. (CCL-B:CA): Scotiabank maintained its Sector Perform rating with a target price of $98.00.
Chemtrade Logistics (CHE-UN:CA): Scotiabank maintained its Sector Perform rating with a target price of $19.00.
Cineplex Inc. (CPX:CA): TD Securities maintained its Buy rating with a target price of $16.00.
Dexterra Group Inc. (DXT:CA): Scotiabank maintained its Sector Perform rating with a target price of $14.50.
Dollarama Inc. (DOL:CA): UBS Securities lowered its target price to $190.00 from $202.00.
Element Fleet Management Corp. (EFN:CA): CIBC maintained its Outperform rating with a target price of $41.00.
Element Fleet Management Corp. (EFN:CA): TD Securities maintained its Buy rating with a target price of $38.00.
Enbridge Inc. (ENB:CA): CIBC raised its target price to $79.00 from $78.00 while maintaining an Outperform rating.
Enbridge Inc. (ENB:CA): TD Securities upgraded the stock to Buy with a target price of $81.00, compared with its previous target of $82.00.
Enghouse Systems Ltd. (ENGH:CA): TD Securities raised its target price to $17.00 from $16.00 while maintaining a Hold rating.
Exchange Income Corporation (EIF:CA): Scotiabank maintained its Outperform rating with a target price of $150.00.
Franco-Nevada Corp. (FNV:CA): TD Securities maintained its Buy rating with a target price of $379.00.
GURU-Organic Energy Corp. (GURU:CA): Stifel Nicolaus lowered its target price to $4.00 from $5.00 while maintaining a Hold rating.
Hydro One Ltd. (H:CA): TD Securities maintained its Hold rating with a target price of $58.00.
Imperial Oil (IMO:CA): UBS Securities raised its target price to $205.00 from $195.00.
International Petroleum Corporation (IPCO:CA): TD Securities initiated coverage with a Hold rating and a target price of $38.00.
Keyera Corporation (KEY:CA): Scotiabank maintained its Outperform rating with a target price of $66.00.
OceanaGold Corporation (OGC:CA): Scotiabank maintained its Outperform rating with a target price of $65.00.
Paramount Resources Ltd. (POU:CA): Scotiabank maintained its Sector Perform rating with a target price of $36.00.
RB Global Inc. (RBA:CA): National Bank Financial lowered its target price to $181.00 from $185.00 while maintaining an Outperform rating.
Rogers Communications Inc. (RCI.B:CA): Desjardins Securities upgraded the stock to Buy with a target price of $58.00.
Stella-Jones Inc. (SJ:CA): Scotiabank maintained its Outperform rating with a target price of $85.00.
Superior Plus (SPB:CA): Scotiabank maintained its Sector Perform rating with a target price of $9.00.
TC Energy Corp. (TRP:CA): TD Securities upgraded the stock to Buy with a target price of $102.00.
Tecsys Inc. (TCS:CA): National Bank raised its target price to $41.00 from $40.00 while maintaining an Outperform rating.
Tecsys Inc. (TCS:CA): ATB Cormark raised its target price to $41.00 from $40.00 while maintaining an Outperform rating.
The Descartes Systems Group Inc. (DSG:CA): National Bank raised its target price to $139.00 from $132.00 while maintaining an Outperform rating.
Transat AT Inc. (TRZ:CA): Desjardins Securities lowered its target price to $2.50 from $2.80 while maintaining a Hold rating.
WSP-Global Inc. (WSP:CA): Scotiabank maintained its Outperform rating with a target price of $279.00
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