{"id":68037,"date":"2025-10-03T17:50:18","date_gmt":"2025-10-03T17:50:18","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=68037"},"modified":"2025-10-03T17:50:18","modified_gmt":"2025-10-03T17:50:18","slug":"latest-canadian-analyst-updates-oct3rd-2025","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/latest-canadian-analyst-updates-oct3rd-2025\/","title":{"rendered":"Latest Canadian Analyst Updates: Oct 3rd, 2025"},"content":{"rendered":"

Analyst Ratings (Canada)<\/a><\/strong><\/h2>\n

The following are today\u2019s latest 30 analyst ratings tracked from muliple analysts for Canadian listed and traded stocks:<\/strong><\/em><\/p>\n

Altus Group Ltd (AIF:CA):<\/strong> TD Securities raised its target price to C$70 from C$63 and maintained a Buy rating, reflecting confidence in the company\u2019s earnings momentum and real estate analytics growth.<\/p>\n

Bank of Montreal (BMO:CA):<\/strong> RBC Capital downgraded the stock to Sector Perform from Outperform and lowered its target to C$163 from C$168, reflecting valuation concerns and a more cautious banking outlook.<\/p>\n

BlackBerry Inc. (BB:CA):<\/strong> TD Securities downgraded the stock to Hold from Buy, but raised its target from C$5.50 to C$7.00, reflecting execution risks, and balancing valuation despite progress in QNX and cybersecurity.<\/p>\n

Canadian National Railway Co. (CNR:CA):<\/strong> Scotiabank lowered its target price to C$150 from C$153 but kept an Outperform rating, pointing to modest earnings pressure in the rail sector.<\/p>\n

Canadian Pacific Kansas City Ltd (CP:CA):<\/strong> Scotiabank trimmed its target to C$119 from C$122 while keeping an Outperform rating, citing near-term freight volume headwinds.<\/p>\n

Cargojet Inc. (CJT:CA):<\/strong> Scotiabank lowered its target to C$135 from C$140, reflecting weaker air cargo demand but with longer-term fundamentals intact.<\/p>\n

Celestica Inc. (CLS:CA):<\/strong> TD Securities downgraded the stock to Hold from Buy despite raising its target sharply to C$238 from C$130, reflecting strong performance already priced into shares.<\/p>\n

CGI Inc. (GIB.A:CA):<\/strong> TD Securities lowered its target to C$145 from C$190 but maintained a Buy rating, reflecting long-term contract visibility despite near-term margin pressure.<\/p>\n

D2L Inc. (DTOL:CA):<\/strong> TD Securities resumed coverage with a Buy rating and set a C$22 target, reflecting optimism in recurring revenues and edtech demand.<\/p>\n

Descartes Systems Group Inc. (DSG:CA):<\/strong> TD Securities lowered its target to C$169 from C$188 but maintained a Buy rating, reflecting ongoing growth but tempered expectations on margins.<\/p>\n

Docebo Inc. (DCBO:CA):<\/strong> TD Securities cut its target to C$51.50 from C$88 while keeping a Buy rating, reflecting sector volatility but confidence in long-term SaaS adoption.<\/p>\n

Dorel Industries Inc. (DII.B:CA):<\/strong> BMO Capital Markets raised its target to C$2.00 from C$1.50, reflecting modest improvements in consumer products demand.<\/p>\n

Dye & Durham Ltd (DND:CA):<\/strong> CIBC downgraded the stock to Neutral from Buy and cut its target to C$8.50 from C$16, citing leverage concerns and slowing deal flow.<\/p>\n

Enghouse Systems Ltd. (ENGH:CA):<\/strong> TD Securities cut its target to C$22 from C$29 and reiterated Hold, reflecting weaker software demand and limited near-term catalysts.<\/p>\n

Kinaxis Inc. (KXS:CA):<\/strong> TD Securities raised its target to C$225 from C$190 and reiterated Buy, reflecting strong subscription growth and supply chain software demand.<\/p>\n

Lightspeed Commerce Inc. (LSPD:CA):<\/strong> TD Securities resumed coverage with a Hold rating and C$18 target, reflecting balanced risk-reward as competition in payments intensifies.<\/p>\n

Maple Leaf Foods Inc. (MFI:CA):<\/strong> BMO Capital Markets set a C$35 target with an Outperform rating, reflecting improving margins and cost management progress.<\/p>\n

Open Text Corp. (OTEX:CA):<\/strong> TD Securities downgraded to Hold from Buy while raising its target to C$56 from C$49, reflecting integration risks despite cloud growth momentum.<\/p>\n

Real Matters Inc. (REAL:CA):<\/strong> TD Securities raised its target to C$9 from C$8.50 and reiterated Buy, while Canaccord lifted its target to C$10 from C$7 with a Buy, reflecting improving mortgage and appraisal market activity.<\/p>\n

Shopify Inc. (SHOP:CA):<\/strong> TD Securities lifted its target to C$217 from C$181 and reiterated the Buy rating, reflecting strong merchant adoption and improving profitability.<\/p>\n

Stella-Jones Inc. (SJ:CA):<\/strong> CIBC raised its target to C$90 from C$89, reflecting steady infrastructure demand and earnings stability.<\/p>\n

TFI International Inc. (TFII:CA):<\/strong> Scotiabank cut its target to C$140 from C$144, reflecting soft freight volumes but maintaining a positive long-term industry outlook.<\/p>\n

Toronto-Dominion Bank (TD:CA):<\/strong> RBC Capital raised its target to C$120 from C$93 and reiterated Outperform, reflecting stronger-than-expected balance sheet positioning and potential benefit from rate cuts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analyst Ratings (Canada) The following are today\u2019s latest 30 analyst ratings tracked from muliple analysts for Canadian listed and traded stocks: Altus Group Ltd (AIF:CA):…<\/p>\n","protected":false},"author":3,"featured_media":4072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-68037","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"\nLatest Canadian Analyst Updates: Oct 3rd, 2025 | Stock Target Advisor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/latest-canadian-analyst-updates-oct3rd-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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