{"id":70231,"date":"2025-12-23T20:10:58","date_gmt":"2025-12-23T20:10:58","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=70231"},"modified":"2025-12-23T20:15:27","modified_gmt":"2025-12-23T20:15:27","slug":"canadian-analyst-updates-december-23-2025","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-december-23-2025\/","title":{"rendered":"Canadian Analyst Updates: December 23, 2025"},"content":{"rendered":"

Analyst Ratings (Canada)<\/strong><\/a><\/h2>\n
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The following are today\u2019s 24 entries of the latest analyst ratings tracked for Canadian-listed and Canadian-traded stocks, with several brokerages adjusting their outlooks and target prices in response to company-specific developments, earnings expectations, and broader sector trends. The updates reflect continued focus on cash flow visibility, balance sheet strength, and long-term growth drivers across energy, infrastructure, utilities, and industrial names:<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n

AltaGas Ltd. (ALA:CA):<\/strong> ATB Capital reiterated an Outperform rating and raised its price target to $49.00 from $48.00, reflecting confidence in regulated asset stability and cash flow visibility.<\/p>\n

Baytex Energy Corp. (BTE:CA):<\/strong> TD Securities reaffirmed a Buy rating and increased its price target to $5.00 from $4.75, reflecting improved free cash flow leverage and supportive oil price assumptions.<\/p>\n

Baytex Energy Corp. (BTE:CA):<\/strong> Scotiabank maintained an Outperform rating with a $5.25 price target, reflecting a constructive view on valuation and cash flow sustainability.<\/p>\n

Baytex Energy Corp. (BTE:CA):<\/strong> CIBC maintained a Neutral rating with a $5.25 price target, reflecting balanced risk-reward amid commodity price volatility.<\/p>\n

Capital Power Corp. (CPX:CA):<\/strong> ATB Capital maintained an Outperform rating with a $75.00 price target, supported by contracted power assets and earnings stability.<\/p>\n

Champion Iron Ltd. (CIA:CA):<\/strong> Raymond James reiterated an Outperform rating and raised its price target to $7.00 from $6.50, reflecting stronger iron ore pricing and operational execution.<\/p>\n

Enbridge Inc. (ENB:CA):<\/strong> Jefferies & Co. lowered its price target to $71.00 from $73.00<\/strong>, reflecting a more cautious valuation stance despite stable cash flows and defensive characteristics.<\/p>\n

Enbridge Inc. (ENB:CA):<\/strong> ATB Capital maintained its Outperform<\/strong> rating with a $72.00 price target<\/strong>, reflecting resilient fundamentals, predictable earnings from regulated assets, and an attractive income profile.<\/p>\n

GDI Integrated Facility Services Inc. (GDI:CA):<\/strong> TD Securities maintained a Hold rating, reflecting a neutral stance on near-term growth and valuation.<\/p>\n

Lafleur Minerals (LFLR:CA):<\/strong> Fundamental Research reiterated a Buy rating with a $1.10 price target, highlighting exploration upside and asset optionality.<\/p>\n

North American Construction Group Ltd. (NOA:CA):<\/strong> CIBC lowered its price target to $20.00 from $22.00 while maintaining a Neutral rating, citing margin pressure and project timing uncertainty.<\/p>\n

Northland Power Corp. (NPI:CA):<\/strong> ATB Capital maintained an Outperform rating but reduced its target to $22.00 from $23.00, reflecting project timing and near-term execution considerations.<\/p>\n

Pembina Pipeline Corp. (PPL:CA):<\/strong> ATB Capital reiterated an Outperform rating with a $61.00 price target, supported by stable midstream cash flows and dividend sustainability.<\/p>\n

Sonoro Gold Corp. (SGO:CA):<\/strong> Fundamental Research maintained a Buy rating with a $0.70 price target, pointing to project development progress and gold price leverage.<\/p>\n

Strathcona Resources Ltd. (SCR:CA):<\/strong> ATB Capital reduced its price target to $32.00 from $42.00, reflecting updated commodity assumptions and valuation normalization.<\/p>\n

Transat A.T. Inc. (TRZ:CA):<\/strong> Desjardins Securities raised its price target to $3.30 from $3.00 while maintaining a Hold rating, citing incremental improvement in operating trends.<\/p>\n

WildBrain Ltd. (WILD:CA):<\/strong> National Bank maintained its Sector Perform<\/strong> rating while lowering its price target to $2.00 from $2.25, reflecting continued softness in the advertising market and near-term revenue pressure.<\/p>\n

WildBrain Ltd. (WILD:CA):<\/strong> RBC Capital Markets reiterated a Sector Perform rating and reduced its price target to $2.00 from $2.50, reflecting cautious expectations for advertising demand and slower recovery across media-related end markets.<\/p>\n

WSP Global Inc. (WSP:CA):<\/strong> ATB Capital reiterated its Outperform rating and raised its price target to $330.00 from $305.00, showing strong backlog visibility and continued margin expansion.<\/p>\n

WSP Global Inc. (WSP:CA):<\/strong> National Bank maintained an Outperform rating and increased its price target to $304.00 from $301.00, reflecting steady execution and resilient end-market demand.<\/p>\n

WSP Global Inc. (WSP:CA):<\/strong> Scotiabank reiterated an Outperform rating and raised its price target to $318.00 from $308.00, supported by disciplined cost management and earnings growth.<\/p>\n

WSP Global Inc. (WSP:CA):<\/strong> TD Securities maintained its Buy rating and increased its price target to $335.00 from $330.00, pointing to organic growth strength and integration of recent acquisitions.<\/p>\n

WSP Global Inc. (WSP:CA):<\/strong> Desjardins Securities reiterated a Buy rating and raised its price target to $375.00 from $346.00, highlighting sustained infrastructure spending and favorable long-term growth trends.<\/p>\n

WSP Global Inc. (WSP:CA):<\/strong> Raymond James reiterated a Strong Buy rating and raised its price target to $340.00 from $310.00, reflecting accelerating earnings momentum and a robust project pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analyst Ratings (Canada) The following are today\u2019s 24 entries of the latest analyst ratings tracked for Canadian-listed and Canadian-traded stocks, with several brokerages adjusting their…<\/p>\n","protected":false},"author":3,"featured_media":43424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-70231","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"\nCanadian Analyst Updates: December 23, 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\/canadian-analyst-updates-december-23-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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