{"id":70502,"date":"2026-01-07T20:11:36","date_gmt":"2026-01-07T20:11:36","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=70502"},"modified":"2026-01-07T20:15:38","modified_gmt":"2026-01-07T20:15:38","slug":"canadian-analyst-updates-jan-7th-2026","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-jan-7th-2026\/","title":{"rendered":"Canadian Analyst Updates: Jan 7th, 2026"},"content":{"rendered":"

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

The following are today\u2019s 27 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, commodity fluctuations, and broader sector trends:<\/p>\n

ACT Energy Technologies Ltd. (ACX:CA)<\/strong> saw Raymond James raise its price target to $10.00 from $8.75 while maintaining an Outperform rating, reflecting increased confidence in the company\u2019s growth outlook.<\/p>\n

ACT Energy Technologies Ltd. (ACX:CA)<\/strong> ATB Capital lifted its target to $7.25 from $6.50 while reiterating an Outperform rating.<\/p>\n

Algonquin Power & Utilities Corp. (AQN:CA)<\/strong> was upgraded by National Bank to Outperform from Sector Perform, with the firm raising its target to $10.40 from $9.70, refelctingimproved fundamentals.<\/p>\n

AltaGas Ltd. (ALA:CA)<\/strong> TD Securities maintained its Buy rating with a $48.00 target, reflecting confidence in the company\u2019s stable cash flows.<\/p>\n

AltaGas Ltd. (ALA:CA)<\/strong> CIBC maintained its Outperform rating and $50.00 target, underscoring a positive long-term outlook.<\/p>\n

Aritzia Inc. (ATZ:CA)<\/strong> received a target increase from Raymond James to $130.00 from $110.00 while maintaining an Outperform rating, reflecting stronger earnings expectations.<\/p>\n

Boardwalk REIT (BEI.UN:CA) <\/strong>TD Securities maintained its Buy rating with an $85.00 target, pointing to steady residential rental fundamentals.<\/p>\n

Brookfield Renewable Partners L.P. (BEP.UN:CA)<\/strong> National Bank raised its target to $47.00 from $45.60 while maintaining an Outperform rating, reflecting improving sentiment toward renewable assets.<\/p>\n

Cameco Corp. (CCO:CA)<\/strong> received a significant target increase from Bernstein to $140.00 from $100.00 while maintaining an Outperform rating, highlighting strong uranium market dynamics.<\/p>\n

Canadian National Railway (CNR:CA)<\/strong> CIBC maintained its Outperform rating with a $154.00 price target, reflecting confidence in operational resilience.<\/p>\n

Canadian Pacific Railway (CP:CA)<\/strong> CIBC raised its target price to $123.00 while maintaining an Outperform rating, citing improving volume trends.<\/p>\n

Capital Power Corp. (CPX:CA)<\/strong> TD Securities maintained its Buy rating with an $80.00 price target, supported by stable power generation assets.<\/p>\n

Capital Power Corp. (CPX:CA)<\/strong> also saw CIBC maintain its Outperform rating with an $81.00 target, reinforcing a constructive view.<\/p>\n

Constellation Software Inc. (CSU:CA)<\/strong> RBC Capital Markets maintained its Outperform rating with a $5,600.00 target, reflecting confidence in its long-term acquisition-driven growth model.<\/p>\n

Definity Financial Corp. (DFY:CA)<\/strong> was initiated by Jefferies & Co. with a Buy rating and an $88.00 price target, highlighting solid growth prospects.<\/p>\n

Equinox Gold Corp. (EQX:CA)<\/strong> National Bank lowered its target to $26.00 from $28.00 while maintaining an Outperform rating, reflecting more conservative gold price assumptions.<\/p>\n

Kinaxis Inc. (KXS:CA)<\/strong> RBC Capital Markets maintained its Outperform rating with a $235.00 price target, supported by long-term demand for supply chain software.<\/p>\n

Lithium Argentina AG (LAR:CA)<\/strong> Stifel Nicolaus raised the target price to $11.75 from $8.30 while maintaining a Buy rating, reflecting improved lithium market expectations.<\/p>\n

Logan Energy Corp. (LGN:CA)<\/strong> TD Securities maintained its Buy rating with a $1.25 price target, citing steady operational execution.<\/p>\n

Mullen Group Ltd. (MTL:CA)<\/strong> CIBC raised its target to $17.00 from $15.00 while maintaining a Neutral rating, reflecting a balanced risk-reward outlook.<\/p>\n

Polaris Renewable Energy Inc. (PIF:CA)<\/strong> received a target increase from National Bank to $21.00 from $20.00 while maintaining an Outperform rating.<\/p>\n

PrairieSky Royalty Ltd. (PSK:CA)<\/strong> TD Securities maintained its Buy rating with a $29.00 price target, reflecting strong royalty cash flow visibility.<\/p>\n

Restaurant Brands International Inc. (QSR:CA)<\/strong> Barclays Capital raised its target to $119.00 from $108.00 while maintaining an Overweight rating, reflecting improved earnings visibility.<\/p>\n

Shopify Inc. (SHOP:CA) <\/strong>RBC Capital Markets maintained its Outperform rating with a $276.50 price target, reflecting confidence in long-term e-commerce growth.<\/p>\n

Suncor Energy Inc. (SU:CA)<\/strong> received a target increase from Raymond James to $75.00 from $70.00 while maintaining an Outperform rating, supported by strong free cash flow generation.<\/p>\n

TFI International Inc. (TFII:CA)<\/strong> CIBC raised its target to $167.00 from $155.00 while maintaining their Outperform rating, showing improved freight trends.<\/p>\n

Waste Connections Inc. (WCN:CA)<\/strong> CIBC lowered its target price to $288.00 from $290.00 while maintaining an Outperform rating, reflecting minor valuation adjustments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analyst Ratings (Canada) The following are today\u2019s 27 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":70513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-70502","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"\nCanadian Analyst Updates: Jan 7th, 2026 | 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-jan-7th-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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