{"id":72743,"date":"2026-03-25T19:33:40","date_gmt":"2026-03-25T19:33:40","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=72743"},"modified":"2026-03-25T19:42:23","modified_gmt":"2026-03-25T19:42:23","slug":"canadian-analyst-updates-march-25th-2026","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-march-25th-2026\/","title":{"rendered":"Canadian Analyst Updates: March 25th, 2026"},"content":{"rendered":"

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

Today\u2019s 47<\/strong> analyst updates reflect a broad reset in market expectations, with widespread price target cuts driven more by macro factors, like higher-for-longer interest rates, geopolitical risk, and moderating growth than by company-specific deterioration. Importantly, most firms maintained their ratings (Buy\/Outperform\/Hold), indicating that long-term views remain intact but near-term upside is being reduced as analysts lower earnings forecasts and valuation multiples. The consistency of cuts across sectors, from banks to consumer and infrastructure signals a systematic de-risking phase, where the market is transitioning from optimism to caution, suggesting more limited upside and potential volatility rather than an outright bearish collapse.<\/p>\n

Ag Growth International Inc. (AFN:CA): National Bank lowered its price target to $24.00 from $39.00 and maintained a Sector Perform rating.<\/p>\n

Ag Growth International Inc. (AFN:CA): CIBC maintained a Neutral rating with a $32.00 target.<\/p>\n

Ag Growth International Inc. (AFN:CA): TD Securities maintained a Buy rating with a $41.00 target.<\/p>\n

Ag Growth International Inc. (AFN:CA): ATB Cormark downgraded the stock to Outperform with a $36.00 target.<\/p>\n

Ag Growth International Inc. (AFN:CA): Raymond James cut its price target to $30.00 from $52.00 and assigned a Market Perform rating.<\/p>\n

AirBoss of America Corp. (BOS:CA): TD Securities raised its price target to $8.00 from $6.50 and maintained a Buy rating.<\/p>\n

Anaergia Inc. (ANRG:CA): National Bank initiated coverage with an Outperform rating and a $5.00 target.<\/p>\n

Bank of Montreal (BMO:CA): RBC Capital raised its price target to $205.00 from $219.00 and maintained a Sector Perform rating.<\/p>\n

Bank of Nova Scotia (BNS:CA): RBC Capital lowered its price target to $98.00 from $106.00 and maintained a Sector Perform rating.<\/p>\n

Boralex Inc. (BLX:CA): TD Securities maintained a Buy rating with a $32.00 target.<\/p>\n

Boralex Inc. (BLX:CA): Scotiabank maintained a Sector Perform rating with a $31.00 target.<\/p>\n

Brookfield Asset Management (BAM:CA): Scotiabank lowered its price target to $77.00.<\/p>\n

Brookfield Corporation (BN:CA): Scotiabank lowered its price target to $67.00.<\/p>\n

Brookfield Renewable Partners L.P. (BEP-UN:CA): TD Securities maintained a Buy rating with a $35.00 target.<\/p>\n

CIBC (CM:CA): RBC Capital lowered its price target to $147.00 from $158.00.<\/p>\n

CIBC (CM:CA): RBC Capital lowered its price target to $147.00 from $158.00 and maintained an Outperform rating.<\/p>\n

D2L Inc. (DTOL:CA): TD Securities maintained a Buy rating with a $22.00 target.<\/p>\n

Dollarama Inc. (DOL:CA): Canaccord Genuity lowered its price target to $187.00 from $207.00.<\/p>\n

Dollarama Inc. (DOL:CA): Jefferies lowered its price target to $200.00 from $235.00.<\/p>\n

Dollarama Inc. (DOL:CA): RBC Capital lowered its price target to $223.00 from $225.00.<\/p>\n

Dollarama Inc. (DOL:CA): Stifel Nicolaus lowered its price target to $180.00 from $200.00.<\/p>\n

Dollarama Inc. (DOL:CA): UBS lowered its price target to $191.00 from $210.00.<\/p>\n

Dollarama Inc. (DOL:CA): TD Securities lowered its price target to $225.00 from $235.00 and maintained a Buy rating.<\/p>\n

Dollarama Inc. (DOL:CA): Scotiabank maintained an Outperform rating with a $200.00 target.<\/p>\n

Dollarama Inc. (DOL:CA): Desjardins lowered its price target to $205.00 from $218.00 and maintained a Buy rating.<\/p>\n

Dollarama Inc. (DOL:CA): National Bank lowered its price target to $198.00 from $225.00 and maintained an Outperform rating.<\/p>\n

Dollarama Inc. (DOL:CA): Wells Fargo lowered its price target to $185.00 from $195.00.<\/p>\n

Dollarama Inc. (DOL:CA): Stifel Nicolaus lowered its price target to $180.00 from $200.00 and maintained a Hold rating.<\/p>\n

Dollarama Inc. (DOL:CA): CIBC lowered its price target to $202.00 from $212.00 and maintained an Outperform rating.<\/p>\n

Dollarama Inc. (DOL:CA): BMO Capital Markets lowered its price target to $210.00 from $222.00.<\/p>\n

Emera Inc. (EMA:CA): CIBC maintained a Neutral rating with a $72.00 target.<\/p>\n

Emera Inc. (EMA:CA): TD Securities maintained a Buy rating with a $75.00 target.<\/p>\n

goeasy Ltd. (GSY:CA): Scotiabank lowered its price target to $61.00 from $68.00 and maintained an Outperform rating.<\/p>\n

MDA Space Ltd. (MDA:CA): ATB Cormark lowered its price target to $46.00 from $61.00 and maintained an Outperform rating.<\/p>\n

National Bank of Canada (NA:CA): RBC Capital lowered its price target to $180.00 from $193.00 and maintained a Sector Perform rating.<\/p>\n

Pan American Silver Corp. (PAAS:CA): Scotiabank maintained an Outperform rating with an $88.00 target.<\/p>\n

Pan American Silver Corp. (PAAS:CA): TD Securities maintained a Hold rating with an $88.00 target.<\/p>\n

Thomson Reuters Corp. (TRI:CA): TD Securities maintained a Buy rating with a $175.00 target.<\/p>\n

Torex Gold Resources Inc. (TXG:CA): Scotiabank maintained an Outperform rating with a $95.00 target.<\/p>\n

Torex Gold Resources Inc. (TXG:CA): TD Securities maintained a Buy rating with a $95.00 target.<\/p>\n

Toronto-Dominion Bank (TD:CA): RBC Capital lowered its price target to $138.00 from $148.00 and maintained an Outperform rating.<\/p>\n

Transcontinental Inc. (TCL-A:CA): Scotiabank lowered its price target to $6.00 and maintained a Sector Perform rating.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analyst Ratings (Canada) Today\u2019s 47 analyst updates reflect a broad reset in market expectations, with widespread price target cuts driven more by macro factors, like…<\/p>\n","protected":false},"author":3,"featured_media":38946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-72743","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"\nCanadian Analyst Updates: March 25th, 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-march-25th-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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