Latest Canadian Analyst Updates: May 15th, 2025

Top Analyst Ratings: June 9th, 2025

Analyst Ratings Canada

Alignvest Acquisition II Corp (SFC:CA):

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 12.

ARC Resources Ltd (ARX:CA):

TD Securities maintains a “Buy” rating with a target price of CAD 34.

Atrium Mortgage Investment Corp (AI:CA):

TD Securities maintains a “Buy” rating with a target price of CAD 13.

Autocanada Inc (ACQ:CA):

Canaccord Genuity maintains a “Buy” rating and updates the target price to CAD 24.

Bird Construction Inc (BDT:CA):

BMO Capital Markets maintains a “Buy” rating and updates the target price to CAD 30.

Birchcliff Energy Ltd (BIR:CA):

Canaccord Genuity maintains a “Buy” rating and updates the target price to CAD 7.5.

TD Securities maintains a “Buy” rating with a target price of CAD 8.5.

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 10.

CIBC World Markets maintains an “Outperform” rating with a target price of CAD 8.

Boralex Inc (BLX:CA):

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 36.

CIBC World Markets downgrades the target price to CAD 39 while maintaining an “Outperform” rating.

Boyd Group Services Inc (BYD:CA):

BMO Capital Markets updates the target price to CAD 280, maintaining a “Buy” rating.

TD Securities downgrades the target price to CAD 280, maintaining a “Buy” rating.

CIBC World Markets downgrades the target price to CAD 249 while maintaining an “Outperform” rating.

CAE Inc (CAE:CA):

CIBC World Markets updates the target price to CAD 38, maintaining a “Hold” rating.

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 42.

Calian Technologies Ltd (CGY:CA):

Canaccord Genuity updates the target price to CAD 60, maintaining a “Buy” rating.

CIBC World Markets downgrades the target price to CAD 50, maintaining an “Outperform” rating.

Canadian Pacific Railway Ltd (CP:CA):

Morningstar maintains an “Underperform” rating with a target price of CAD 100.

Caribbean Utilities Company Ltd (CUP-U:CA):

TD Securities maintains a “Hold” rating with a target price of USD 14.

CI Financial Corp (CIX:CA):

Scotia Capital maintains a “Sector Perform” rating with a target price of CAD 32.

Diversified Royalty Corp (DIV:CA):

CIBC World Markets maintains a “Neutral” rating with a target price of CAD 3.1.

Dream Unlimited Corp (DRM:CA):

TD Securities downgrades the target price to CAD 27, maintaining a “Buy” rating.

Dye & Durham Ltd (DND:CA):

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 14.

Flagship Communities Real Estate Investment Trust (MHC-U:CA):

TD Securities upgrades the target price to USD 21, maintaining a “Buy” rating.

Galiano Gold Inc (GAU:CA):

Scotia Capital maintains a “Sector Perform” rating with a target price of CAD 3.

H&R Real Estate Investment Trust (HR-UN:CA):

TD Securities upgrades the target price to CAD 11.5, maintaining a “Buy” rating.

CIBC World Markets maintains an “Outperform” rating with a target price of CAD 12.

High Liner Foods Incorporated (HLF:CA):

BMO Capital Markets updates the target price to CAD 19.5, maintaining a “Hold” rating.

Ivanhoe Mines Ltd (IVN:CA):

Canaccord Genuity updates the target price to CAD 25, maintaining a “Buy” rating.

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 19.

Nano One Materials Corp (NANO:CA):

TD Securities maintains a “Hold” rating with a target price of CAD 0.7.

North American Construction Group Ltd (NOA:CA):

BMO Capital Markets updates the target price to CAD 30, maintaining a “Buy” rating.

TD Securities maintains a “Buy” rating with a target price of CAD 27.

Northland Power Inc (NPI:CA):

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 26.

Morningstar maintains a “Buy” rating with a target price of CAD 25.

Power Corporation Of Canada (POW:CA):

Morningstar maintains a “Hold” rating with a target price of CAD 48.5.

PrairieSky Royalty Ltd (PSK:CA):

Scotia Capital maintains a “Sector Perform” rating with a target price of CAD 28.

CIBC World Markets maintains a “Neutral” rating with a target price of CAD 28.

SSR Mining Inc (SSRM:CA):

Canaccord Genuity updates the target price to CAD 23, maintaining a “Buy” rating.

STEP Energy Services Ltd (STEP:CA):

BMO Capital Markets updates the target price to CAD 4.5, maintaining a “Hold” rating.

Stantec Inc (STN:CA):

Canaccord Genuity updates the target price to CAD 150, maintaining a “Buy” rating.

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 144.

CIBC World Markets maintains an “Outperform” rating with a target price of CAD 141.

Superior Plus Corp (SPB:CA):

TD Securities maintains a “Buy” rating with a target price of CAD 9.5.

Terravest Capital Inc (TVK:CA):

Canaccord Genuity updates the target price to CAD 200, maintaining a “Buy” rating.

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 176.

Titanium Transportation Group Inc (TTNM:CA):

Canaccord Genuity updates the target price to CAD 2.25, maintaining a “Buy” rating.

Transcontinental Inc (TCL-A:CA):

TD Securities upgrades the target price to CAD 23, maintaining a “Buy” rating.

VerticalScope Holdings Inc (FORA:CA):

CIBC World Markets downgrades the target price to CAD 5, maintaining a “Neutral” rating.

WELL Health Technologies Corp (WELL:CA):

Canaccord Genuity updates the target price to CAD 7, maintaining a “Buy” rating.

Scotia Capital maintains a “Sector Outperform” rating with a target price of CAD 7.

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