{"id":73530,"date":"2026-05-14T20:16:11","date_gmt":"2026-05-14T20:16:11","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=73530"},"modified":"2026-05-14T20:18:34","modified_gmt":"2026-05-14T20:18:34","slug":"canadian-analyst-updates-may-14th-2026","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-may-14th-2026\/","title":{"rendered":"Canadian Analyst Updates May 14th, 2026"},"content":{"rendered":"<h2><a href=\"https:\/\/www.stocktargetadvisor.com\/blog\/?p=73530&amp;preview=true\"><strong>Analyst Ratings (Canada)<\/strong><\/a><\/h2>\n<p>Today&#8217;s analyst revisions show a slight positive bias in target price increases,\u00a0 but a more cautious tone in sentiment with regards to ratings.\u00a0 Valuations are being adjusted upwards in financials, industrials, and resource names, reflecting resilient earnings expectations and stable macro assumptions.<\/p>\n<p>At the same time, there is clear pressure in more rate-sensitive and consumer-credit exposed names such as goeasy and parts of the REIT sector, where multiple target cuts signal concerns around growth visibility, funding costs, and earnings momentum. Industrial and service companies also show notable downward revisions in target forecasts, indicating valuation compression.<\/p>\n<p>The general market tone is now selectively defensive with analysts rewarding stable cash-flow businesses and regulated assets while becoming more cautious on leveraged growth stories and discretionary demand exposure.<\/p>\n<h3><strong>107 Analyst Updates<\/strong><\/h3>\n<div class=\"qMYqUG_convSearchResultHighlightRoot\">\n<div class=\"\" data-turn-id-container=\"request-WEB:9fb67baf-0e7b-42dc-a607-8516afe9d83a-14\" data-is-intersecting=\"true\">\n<div class=\"relative w-full overflow-visible\">\n<section class=\"text-token-text-primary w-full focus:outline-none has-data-writing-block:pointer-events-none [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-WEB:9fb67baf-0e7b-42dc-a607-8516afe9d83a-14\" data-turn-id-container=\"request-WEB:9fb67baf-0e7b-42dc-a607-8516afe9d83a-14\" data-testid=\"conversation-turn-30\" data-scroll-anchor=\"false\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-3 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col gap-4 grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" tabindex=\"0\" data-message-author-role=\"assistant\" data-message-id=\"3a9560ee-1707-451b-b4c9-dcf8a74162d9\" data-message-model-slug=\"gpt-5-3-mini\" data-turn-start-message=\"true\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"markdown prose dark:prose-invert wrap-break-word w-full light markdown-new-styling\">\n<p data-start=\"0\" data-end=\"133\"><strong data-start=\"0\" data-end=\"38\">AGT Food and Ingredients (AGTF:CA)<\/strong> TD Securities lowered its target price to $20.00 from $21.00 while maintaining a Hold rating<\/p>\n<p data-start=\"412\" data-end=\"552\"><strong data-start=\"412\" data-end=\"455\">AGT Food and Ingredients Inc. (AGTF:CA)<\/strong> Scotiabank upgraded the stock to Outperform with a $20.00 target price down from $21.00<\/p>\n<p data-start=\"554\" data-end=\"650\"><strong data-start=\"554\" data-end=\"588\">Altius Minerals Corp. (ALS:CA)<\/strong> Raymond James raised its target price to $59.00 from $52.00<\/p>\n<p data-start=\"652\" data-end=\"784\"><strong data-start=\"652\" data-end=\"692\">Altius Minerals Corporation (ALS:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $57.00 target price up from $50.00<\/p>\n<p data-start=\"786\" data-end=\"891\"><strong data-start=\"786\" data-end=\"823\">AtkinsR\u00e9alis Group Inc. (ATRL:CA)<\/strong> CIBC maintained its Outperform rating with a $125.00 target price<\/p>\n<p data-start=\"893\" data-end=\"1027\"><strong data-start=\"893\" data-end=\"921\">AutoCanada Inc. (ACQ:CA)<\/strong> Acumen Capital raised its target price to $27.00 from $25.00 while maintaining a Speculative Buy rating<\/p>\n<p data-start=\"1029\" data-end=\"1145\"><strong data-start=\"1029\" data-end=\"1057\">AutoCanada Inc. (ACQ:CA)<\/strong> CIBC raised its target price to $22.00 from $20.00 while maintaining a Neutral rating<\/p>\n<p data-start=\"1147\" data-end=\"1266\"><strong data-start=\"1147\" data-end=\"1189\">Automotive Properties REIT (APR.UN:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $13.00 target price<\/p>\n<p data-start=\"1268\" data-end=\"1393\"><strong data-start=\"1268\" data-end=\"1297\">Bank of Montreal (BMO:CA)<\/strong> CIBC raised its target price to $226.00 from $211.00 while maintaining an Outperformer rating<\/p>\n<p data-start=\"1519\" data-end=\"1620\"><strong data-start=\"1519\" data-end=\"1551\">Bank of Nova Scotia (BNS:CA)<\/strong> CIBC World Markets raised its target price to $116.00 from $109.00, with a Neutral rating.<\/p>\n<p data-start=\"1622\" data-end=\"1756\"><strong data-start=\"1622\" data-end=\"1657\">Birchcliff Energy Ltd. (BIR:CA)<\/strong> Raymond James raised its target price to $8.50 from $8.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"1758\" data-end=\"1862\"><strong data-start=\"1758\" data-end=\"1793\">Birchcliff Energy Ltd. (BIR:CA)<\/strong> TD Securities maintained its Buy rating with an $8.50 target price<\/p>\n<p data-start=\"1864\" data-end=\"1993\"><strong data-start=\"1864\" data-end=\"1899\">Bird Construction Inc. (BDT:CA)<\/strong> BMO raised its target price to $55.00 from $52.00 while maintaining a Market Perform rating<\/p>\n<p data-start=\"1995\" data-end=\"2097\"><strong data-start=\"1995\" data-end=\"2030\">Bird Construction Inc. (BDT:CA)<\/strong> CIBC maintained its Outperform rating with a $52.00 target price<\/p>\n<p data-start=\"2099\" data-end=\"2194\"><strong data-start=\"2099\" data-end=\"2131\">Boyd Group Services Inc. (BYD:CA)<\/strong> ATB Cormark lowered its target price to $245.00 from $285.00<\/p>\n<p data-start=\"2196\" data-end=\"2288\"><strong data-start=\"2196\" data-end=\"2233\">Boyd Group Services Inc. (BYD:CA)<\/strong> BMO lowered its target price to $200.00 from $250.00<\/p>\n<p data-start=\"2385\" data-end=\"2524\"><strong data-start=\"2385\" data-end=\"2422\">Boyd Group Services Inc. (BYD:CA)<\/strong> ATB Cormark lowered its target price to $245.00 from $285.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"2526\" data-end=\"2658\"><strong data-start=\"2526\" data-end=\"2563\">Boyd Group Services Inc. (BYD:CA)<\/strong> CIBC lowered its target price to $205.00 from $275.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"2660\" data-end=\"2801\"><strong data-start=\"2660\" data-end=\"2697\">Boyd Group Services Inc. (BYD:CA)<\/strong> Desjardins Securities lowered its target price to $240.00 from $260.00 while maintaining a Buy rating<\/p>\n<p data-start=\"2803\" data-end=\"2947\"><strong data-start=\"2803\" data-end=\"2840\">Boyd Group Services Inc. (BYD:CA)<\/strong> Scotiabank lowered its target price to $231.00 from $239.00 while maintaining a Outperform rating<\/p>\n<p data-start=\"3087\" data-end=\"3222\"><strong data-start=\"3087\" data-end=\"3124\">Boyd Group Services Inc. (BYD:CA)<\/strong> Stifel Nicolaus lowered its target price to $205.00 from $255.00 while maintaining a Buy rating<\/p>\n<p data-start=\"3224\" data-end=\"3357\"><strong data-start=\"3224\" data-end=\"3261\">Boyd Group Services Inc. (BYD:CA)<\/strong> TD Securities lowered its target price to $190.00 from $270.00 while maintaining a Buy rating<\/p>\n<p data-start=\"3486\" data-end=\"3588\"><strong data-start=\"3486\" data-end=\"3509\">BSR REIT (HOM.U:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a US$14.00 target price<\/p>\n<p data-start=\"3590\" data-end=\"3687\"><strong data-start=\"3590\" data-end=\"3620\">Calian Group Ltd. (CGY:CA)<\/strong> CIBC maintained its Outperform rating with a $76.00 target price<\/p>\n<p data-start=\"3689\" data-end=\"3794\"><strong data-start=\"3689\" data-end=\"3729\">Canadian Tire Corporation (CTC-A:CA)<\/strong> CIBC maintained its Neutral rating with a $193.00 target price<\/p>\n<p data-start=\"3796\" data-end=\"3898\"><strong data-start=\"3796\" data-end=\"3830\">CCL Industries Inc. (CCL-B:CA)<\/strong> CIBC maintained its Outperform rating with a $103.00 target price<\/p>\n<p data-start=\"3900\" data-end=\"4011\"><strong data-start=\"3900\" data-end=\"3934\">CCL Industries Inc. (CCL.B:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $98.00 target price<\/p>\n<p data-start=\"4142\" data-end=\"4291\"><strong data-start=\"4142\" data-end=\"4190\">Chemtrade Logistics Income Trust (CHE.UN:CA)<\/strong> Scotiabank raised its target price to $19.00 from $17.00 while maintaining a Sector Perform rating<\/p>\n<p data-start=\"4293\" data-end=\"4393\"><strong data-start=\"4293\" data-end=\"4333\">Constellation Software Inc. (CSU:CA)<\/strong> CIBC lowered its target price to $4,000.00 from $4,080.00<\/p>\n<p data-start=\"4395\" data-end=\"4542\"><strong data-start=\"4395\" data-end=\"4435\">Constellation Software Inc. (CSU:CA)<\/strong> Desjardins Securities raised its target price to $3,800.00 from $3,900.00 while maintaining a Buy rating<\/p>\n<p data-start=\"4544\" data-end=\"4690\"><strong data-start=\"4544\" data-end=\"4584\">Constellation Software Inc. (CSU:CA)<\/strong> RBC Capital lowered its target price to $4,500.00 from $4,800.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"4692\" data-end=\"4831\"><strong data-start=\"4692\" data-end=\"4732\">Constellation Software Inc. (CSU:CA)<\/strong> TD Securities raised its target price to $4,200.00 from $4,100.00 while maintaining a Buy rating<\/p>\n<p data-start=\"4965\" data-end=\"5090\"><strong data-start=\"4965\" data-end=\"4997\">Denison Mines Corp. (DML:CA)<\/strong> Scotiabank maintained its Outperform rating with a $7.50 target price up from $6.00<\/p>\n<p data-start=\"5092\" data-end=\"5184\"><strong data-start=\"5092\" data-end=\"5131\">Finning International Inc. (FTT:CA)<\/strong> BMO raised its target price to $115.00 from $96.00<\/p>\n<p data-start=\"5282\" data-end=\"5415\"><strong data-start=\"5282\" data-end=\"5321\">Finning International Inc. (FTT:CA)<\/strong> CIBC raised its target price to $120.00 from $100.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"5417\" data-end=\"5558\"><strong data-start=\"5417\" data-end=\"5456\">Finning International Inc. (FTT:CA)<\/strong> National Bank raised its target price to $115.00 from $89.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"5560\" data-end=\"5702\"><strong data-start=\"5560\" data-end=\"5599\">Finning International Inc. (FTT:CA)<\/strong> Raymond James raised its target price to $120.00 from $100.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"5704\" data-end=\"5839\"><strong data-start=\"5704\" data-end=\"5736\">Franco-Nevada Corp. (FNV:CA)<\/strong> National Bank raised its target price to $420.00 from $410.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"5841\" data-end=\"5958\"><strong data-start=\"5841\" data-end=\"5879\">Franco-Nevada Corp. (FNV:CA)<\/strong> Scotiabank maintained its rating with a $398.00 target price up from $392.00<\/p>\n<p data-start=\"5960\" data-end=\"6065\"><strong data-start=\"5960\" data-end=\"5996\">Freehold Royalties Ltd. (FRU:CA)<\/strong> TD Securities maintained its Buy rating with a $22.00 target price<\/p>\n<p data-start=\"6067\" data-end=\"6165\"><strong data-start=\"6067\" data-end=\"6098\">G Mining Ventures (GMIN:CA)<\/strong> CIBC maintained its Outperform rating with a $62.00 target price<\/p>\n<p data-start=\"6167\" data-end=\"6294\"><strong data-start=\"6167\" data-end=\"6191\">goeasy Ltd. (GSY:CA)<\/strong> ATB Cormark lowered its target price to $35.00 from $42.00 while maintaining a Sector Perform rating<\/p>\n<p data-start=\"6296\" data-end=\"6422\"><strong data-start=\"6296\" data-end=\"6320\">goeasy Ltd. (GSY:CA)<\/strong> Desjardins Securities lowered its target price to $38.00 from $47.00 while maintaining a Buy rating<\/p>\n<p data-start=\"6424\" data-end=\"6553\"><strong data-start=\"6424\" data-end=\"6448\">goeasy Ltd. (GSY:CA)<\/strong> National Bank lowered its target price to $34.00 from $38.00 while maintaining a Sector Perform rating<\/p>\n<p data-start=\"6555\" data-end=\"6684\"><strong data-start=\"6555\" data-end=\"6579\">goeasy Ltd. (GSY:CA)<\/strong> Raymond James lowered its target price to $42.00 from $46.50 while maintaining a Market Perform rating<\/p>\n<p data-start=\"6686\" data-end=\"6812\"><strong data-start=\"6686\" data-end=\"6710\">goeasy Ltd. (GSY:CA)<\/strong> RBC Capital lowered its target price to $30.00 from $33.00 while maintaining an Underperform rating<\/p>\n<p data-start=\"6814\" data-end=\"6915\"><strong data-start=\"6814\" data-end=\"6838\">goeasy Ltd. (GSY:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $39.00 target price<\/p>\n<p data-start=\"6917\" data-end=\"7036\"><strong data-start=\"6917\" data-end=\"6941\">goeasy Ltd. (GSY:CA)<\/strong> TD Securities lowered its target price to $32.00 from $36.00 while maintaining a Hold rating<\/p>\n<p data-start=\"7151\" data-end=\"7287\"><strong data-start=\"7151\" data-end=\"7193\">Happy Belly Food Group Inc. (HBFG:CA)<\/strong> Stifel Nicolaus lowered its target price to $2.30 from $2.50 while maintaining a Buy rating<\/p>\n<p data-start=\"7289\" data-end=\"7389\"><strong data-start=\"7289\" data-end=\"7321\">Hemlo Mining Corp. (HMMC:CA)<\/strong> TD Securities maintained its Buy rating with a $9.00 target price<\/p>\n<p data-start=\"7513\" data-end=\"7632\"><strong data-start=\"7513\" data-end=\"7538\">Hydro One Ltd. (H:CA)<\/strong> BMO raised its target price to $58.00 from $55.00 while maintaining a Market Perform rating<\/p>\n<p data-start=\"7634\" data-end=\"7763\"><strong data-start=\"7634\" data-end=\"7659\">Hydro One Ltd. (H:CA)<\/strong> National Bank raised its target price to $56.00 from $55.00 while maintaining a Sector Perform rating<\/p>\n<p data-start=\"7765\" data-end=\"7891\"><strong data-start=\"7765\" data-end=\"7790\">Hydro One Ltd. (H:CA)<\/strong> Scotiabank raised its target price to $58.00 from $53.00 while maintaining a Sector Perform rating<\/p>\n<p data-start=\"7893\" data-end=\"8012\"><strong data-start=\"7893\" data-end=\"7918\">Hydro One Ltd. (H:CA)<\/strong> TD Securities raised its target price to $58.00 from $57.00 while maintaining a Hold rating<\/p>\n<p data-start=\"8126\" data-end=\"8224\"><strong data-start=\"8126\" data-end=\"8157\">Keyera Corporation (KEY:CA)<\/strong> CIBC maintained its Outperform rating with a $58.00 target price<\/p>\n<p data-start=\"8226\" data-end=\"8319\"><strong data-start=\"8226\" data-end=\"8253\">Kneat.com Inc. (KSI:CA)<\/strong> CIBC maintained its Outperform rating with a $6.25 target price<\/p>\n<p data-start=\"8321\" data-end=\"8413\"><strong data-start=\"8321\" data-end=\"8348\">KP Tissue Inc. (KPT:CA)<\/strong> CIBC maintained its Neutral rating with an $11.00 target price<\/p>\n<p data-start=\"8415\" data-end=\"8514\"><strong data-start=\"8415\" data-end=\"8446\">Logan Energy Corp. (LGN:CA)<\/strong> TD Securities maintained its Buy rating with a $1.25 target price<\/p>\n<p data-start=\"8516\" data-end=\"8654\"><strong data-start=\"8516\" data-end=\"8553\">Manulife Financial Corp. (MFC:CA)<\/strong> National Bank raised its target price to $59.00 from $56.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"8656\" data-end=\"8787\"><strong data-start=\"8656\" data-end=\"8693\">Manulife Financial Corp. (MFC:CA)<\/strong> TD Securities lowered its target price to $58.00 from $59.00 while maintaining a Buy rating<\/p>\n<p data-start=\"8914\" data-end=\"9037\"><strong data-start=\"8914\" data-end=\"8957\">Manulife Financial Corporation (MFC:CA)<\/strong> Scotiabank maintained its Sector Outperform rating with a $57.00 target price<\/p>\n<p data-start=\"9039\" data-end=\"9154\"><strong data-start=\"9039\" data-end=\"9064\">Mattr Corp. (MATR:CA)<\/strong> BMO raised its target price to $12.00 from $8.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"9156\" data-end=\"9261\"><strong data-start=\"9156\" data-end=\"9183\">MDA Space Ltd. (MDA:CA)<\/strong> CIBC initiated coverage with an Outperform rating and a $57.00 target price<\/p>\n<p data-start=\"9263\" data-end=\"9372\"><strong data-start=\"9263\" data-end=\"9293\">Meren Energy Inc. (MER:CA)<\/strong> Scotiabank maintained its Sector Outperform rating with a $2.50 target price<\/p>\n<p data-start=\"9374\" data-end=\"9478\"><strong data-start=\"9374\" data-end=\"9409\">National Bank of Canada (NA:CA)<\/strong> CIBC World Markets raised its target price to $209.00 from $196.00<\/p>\n<p data-start=\"9480\" data-end=\"9619\"><strong data-start=\"9480\" data-end=\"9515\">National Bank of Canada (NA:CA)<\/strong> CIBC World Markets raised its target price to $209.00 from $196.00 while maintaining a Neutral rating<\/p>\n<p data-start=\"9621\" data-end=\"9716\"><strong data-start=\"9621\" data-end=\"9664\">Neo Performance Materials Inc. (NEO:CA)<\/strong> BMO raised its target price to $38.00 from $30.00<\/p>\n<p data-start=\"9718\" data-end=\"9828\"><strong data-start=\"9718\" data-end=\"9764\">North American Construction Group (NOA:CA)<\/strong> CIBC maintained its Neutral rating with a $20.00 target price<\/p>\n<p data-start=\"9830\" data-end=\"9983\"><strong data-start=\"9830\" data-end=\"9881\">North American Construction Group (NOA:CA)<\/strong> ATB Cormark raised its target price to $24.00 from $21.00 while maintaining a Sector Perform rating<\/p>\n<p data-start=\"9985\" data-end=\"10130\"><strong data-start=\"9985\" data-end=\"10036\">North American Construction Group (NOA:CA)<\/strong> BMO raised its target price to $22.00 from $21.00 while maintaining a Market Perform rating<\/p>\n<p data-start=\"10132\" data-end=\"10232\"><strong data-start=\"10132\" data-end=\"10165\">Northland Power Inc. (NPI:CA)<\/strong> CIBC maintained its Outperform rating with a $26.00 target price<\/p>\n<p data-start=\"10234\" data-end=\"10344\"><strong data-start=\"10234\" data-end=\"10267\">Northland Power Inc. (NPI:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $23.00 target price<\/p>\n<p data-start=\"10346\" data-end=\"10443\"><strong data-start=\"10346\" data-end=\"10380\">Pollard Banknote Ltd. (PBL:CA)<\/strong> Raymond James lowered its target price to $21.50 from $29.00<\/p>\n<p data-start=\"10445\" data-end=\"10573\"><strong data-start=\"10445\" data-end=\"10479\">Power Corp. of Canada (POW:CA)<\/strong> BMO raised its target price to $80.00 from $79.00 while maintaining a Market Perform rating<\/p>\n<p data-start=\"10575\" data-end=\"10710\"><strong data-start=\"10575\" data-end=\"10609\">Power Corp. of Canada (POW:CA)<\/strong> Desjardins Securities raised its target price to $87.00 from $81.00 while maintaining a Buy rating<\/p>\n<p data-start=\"10712\" data-end=\"10845\"><strong data-start=\"10712\" data-end=\"10746\">Power Corp. of Canada (POW:CA)<\/strong> RBC Capital raised its target price to $86.00 from $73.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"10847\" data-end=\"10985\"><strong data-start=\"10847\" data-end=\"10881\">Power Corp. of Canada (POW:CA)<\/strong> Scotiabank raised its target price to $90.00 from $79.00 while maintaining a Outperform rating<\/p>\n<p data-start=\"11117\" data-end=\"11242\"><strong data-start=\"11117\" data-end=\"11151\">Power Corp. of Canada (POW:CA)<\/strong> TD Securities downgraded its rating to Hold from Buy while keeping a $84.00 target price<\/p>\n<p data-start=\"11244\" data-end=\"11342\"><strong data-start=\"11244\" data-end=\"11284\">Power Corp. of Canada (POW:CA)<\/strong> Jefferies raised its target price to $90.00 from $73.00<\/p>\n<p data-start=\"11481\" data-end=\"11580\"><strong data-start=\"11481\" data-end=\"11504\">PROREIT (PRV.UN:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $7.00 target price<\/p>\n<p data-start=\"11582\" data-end=\"11677\"><strong data-start=\"11582\" data-end=\"11610\">Quebecor Inc. (QBR-B:CA)<\/strong> CIBC maintained its Outperform rating with a $66.00 target price<\/p>\n<p data-start=\"11768\" data-end=\"11904\"><strong data-start=\"11768\" data-end=\"11800\">Royal Bank of Canada (RY:CA)<\/strong> CIBC World Markets raised its target price to $258.00 from $242.00 while maintaining a Neutral rating<\/p>\n<p data-start=\"11906\" data-end=\"12029\"><strong data-start=\"11906\" data-end=\"11949\">Sagicor Financial Company Ltd. (SFC:CA)<\/strong> Scotiabank maintained its Sector Outperform rating with a $13.00 target price<\/p>\n<p data-start=\"12031\" data-end=\"12163\"><strong data-start=\"12031\" data-end=\"12070\">Sangoma Technologies Corp. (STC:CA)<\/strong> TD Securities lowered its target price to $8.00 from $10.00 while maintaining a Buy rating<\/p>\n<p data-start=\"12165\" data-end=\"12289\"><strong data-start=\"12165\" data-end=\"12204\">Sangoma Technologies Corp. (STC:CA)<\/strong> TD Securities maintained its Buy rating with a $8.00 target price down from $10.00<\/p>\n<p data-start=\"12291\" data-end=\"12383\"><strong data-start=\"12291\" data-end=\"12314\">Scotiabank (BNS:CA)<\/strong> CIBC World Markets raised its target price to $116.00 from $109.00<\/p>\n<p data-start=\"12385\" data-end=\"12521\"><strong data-start=\"12385\" data-end=\"12418\">Slate Grocery REIT (SGR.U:CA)<\/strong> ATB Cormark lowered its target price to $12.00 from $13.50 while maintaining a Sector Perform rating<\/p>\n<p data-start=\"12523\" data-end=\"12652\"><strong data-start=\"12523\" data-end=\"12556\">Slate Grocery REIT (SGR.U:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $12.00 target price up from US$11.00<\/p>\n<p data-start=\"12654\" data-end=\"12758\"><strong data-start=\"12654\" data-end=\"12687\">Slate Grocery REIT (SGR.U:CA)<\/strong> TD Securities maintained its Hold rating with an $11.50 target price<\/p>\n<p data-start=\"12760\" data-end=\"12892\"><strong data-start=\"12760\" data-end=\"12793\">SmartCentres REIT (SRU.UN:CA)<\/strong> RBC Capital raised its target price to $31.00 from $30.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"12894\" data-end=\"12987\"><strong data-start=\"12894\" data-end=\"12919\">Stantec Inc. (STN:CA)<\/strong> CIBC maintained its Outperform rating with a $173.00 target price<\/p>\n<p data-start=\"12989\" data-end=\"13095\"><strong data-start=\"12989\" data-end=\"13014\">Stantec Inc. (STN:CA)<\/strong> Scotiabank maintained its Outperform rating with a $146.00 target price<\/p>\n<p data-start=\"13097\" data-end=\"13199\"><strong data-start=\"13097\" data-end=\"13123\">Superior Plus (SPB:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $7.00 target price<\/p>\n<p data-start=\"13201\" data-end=\"13341\"><strong data-start=\"13201\" data-end=\"13239\">Torex Gold Resources Inc. (TXG:CA)<\/strong> National Bank raised its target price to $101.00 from $98.00 while maintaining an Outperform rating<\/p>\n<p data-start=\"13343\" data-end=\"13480\"><strong data-start=\"13343\" data-end=\"13376\">Toronto-Dominion Bank (TD:CA)<\/strong> CIBC World Markets raised its target price to $151.00 from $142.00 while maintaining a Neutral rating<\/p>\n<p data-start=\"13482\" data-end=\"13592\"><strong data-start=\"13482\" data-end=\"13523\">VerticalScope Holdings Inc. (FORA:CA)<\/strong> TD Securities maintained its Hold rating with a $3.00 target price<\/p>\n<p data-start=\"13594\" data-end=\"13722\"><strong data-start=\"13594\" data-end=\"13646\">Vital Infrastructure Property Trust (VITL.UN:CA)<\/strong> Scotiabank maintained its Sector Perform rating with a $7.00 target price<\/p>\n<p data-start=\"13724\" data-end=\"13825\" data-is-last-node=\"\" data-is-only-node=\"\"><strong data-start=\"13724\" data-end=\"13766\">Wheaton Precious Metals Corp. (WPM:CA)<\/strong> Scotiabank raised its target price to $247.00 from $244.00<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Ratings (Canada) Today&#8217;s analyst revisions show a slight positive bias in target price increases,\u00a0 but a more cautious tone in sentiment with regards to&#8230;<\/p>\n","protected":false},"author":3,"featured_media":19827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-73530","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canadian Analyst Updates May 14th, 2026 | 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