{"id":73720,"date":"2026-05-30T05:24:04","date_gmt":"2026-05-30T05:24:04","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=73720"},"modified":"2026-05-30T05:24:04","modified_gmt":"2026-05-30T05:24:04","slug":"canadian-analyst-updates-may-29th-2026","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-may-29th-2026\/","title":{"rendered":"Canadian Analyst Updates: May 29th, 2026"},"content":{"rendered":"<h2 data-start=\"0\" data-end=\"98\"><a href=\"https:\/\/www.stocktargetadvisor.com\/blog\/?p=73720&amp;preview=true\"><strong>Analyst Ratings (Canada)<\/strong><\/a><\/h2>\n<div class=\"qMYqUG_convSearchResultHighlightRoot\">\n<div class=\"\" data-turn-id-container=\"request-WEB:046b97be-2d85-46c9-8cf9-729209c693c5-23\" data-is-intersecting=\"true\">\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:046b97be-2d85-46c9-8cf9-729209c693c5-23\" data-turn-id-container=\"request-WEB:046b97be-2d85-46c9-8cf9-729209c693c5-23\" data-testid=\"conversation-turn-40\" data-scroll-anchor=\"false\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--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=\"4f8023a0-173d-491c-a1f6-529931e11408\" 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=\"1850\" data-end=\"2094\" data-is-last-node=\"\" data-is-only-node=\"\">Today&#8217;s analyst ratings signal a generally bullish outlook for Canadian stocks. The strongest conviction was directed toward the banking sector, where analysts raised targets following better-than-expected earnings, robust capital markets activity, and resilient profitability, indicating confidence that large Canadian banks can continue generating earnings growth despite concerns about consumer credit quality and housing-market weakness. Energy-related companies also received favorable revisions, reflecting expectations for stronger cash flows and a supportive commodity environment. Industrial and manufacturing names saw mixed but generally positive revisions, suggesting analysts believe current demand conditions remain stable despite cautious corporate guidance. Technology and growth-oriented companies received fewer updates but continued to benefit from favorable long-term growth expectations.<\/p>\n<p data-start=\"1850\" data-end=\"2094\" data-is-last-node=\"\" data-is-only-node=\"\">Overall, the ratings imply that analysts view the Canadian market as fundamentally healthy, with earnings resilience outweighing macroeconomic concerns, while financials and energy remain the sectors attracting the highest level of confidence.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<h3 data-start=\"0\" data-end=\"98\"><strong>58 Analyst Updates<\/strong><\/h3>\n<p data-start=\"0\" data-end=\"98\"><strong data-start=\"0\" data-end=\"37\">Allied Gold Corporation (AAUC:CA)<\/strong> was maintained at Tender by CIBC with a $44.00 target price.<\/p>\n<p data-start=\"100\" data-end=\"227\"><strong data-start=\"100\" data-end=\"121\">ATS Corporation (ATS:CA)<\/strong> had its target price reduced to $50.00 from $51.00 by RBC Capital while maintaining an Outperform rating.<\/p>\n<p data-start=\"229\" data-end=\"359\"><strong data-start=\"229\" data-end=\"257\">ATS Corporation (ATS:CA)<\/strong> had its target price increased to $49.00 from $48.00 by TD Securities while maintaining a Buy rating.<\/p>\n<p data-start=\"482\" data-end=\"581\"><strong data-start=\"482\" data-end=\"510\">ATS Corporation (ATS:CA)<\/strong> was maintained at Outperform by Scotiabank with a $51.00 target price.<\/p>\n<p data-start=\"583\" data-end=\"694\"><strong data-start=\"583\" data-end=\"603\">BRP Inc (DOO:CA)<\/strong> had its target price lowered to $74.00 from $75.00 by Citi while maintaining a Buy rating.<\/p>\n<p data-start=\"696\" data-end=\"827\"><strong data-start=\"696\" data-end=\"716\">BRP Inc (DOO:CA)<\/strong> had its target price raised to $83.00 from $80.00 by Scotiabank while maintaining a Sector Perform rating.<\/p>\n<p data-start=\"829\" data-end=\"959\"><strong data-start=\"829\" data-end=\"849\">BRP Inc (DOO:CA)<\/strong> had its target price raised to $84.00 from $80.00 by National Bank while maintaining a Sector Perform rating.<\/p>\n<p data-start=\"961\" data-end=\"1084\"><strong data-start=\"961\" data-end=\"981\">BRP Inc (DOO:CA)<\/strong> had its target price increased to $92.00 from $84.00 by TD Securities while maintaining a Hold rating.<\/p>\n<p data-start=\"1200\" data-end=\"1320\"><strong data-start=\"1200\" data-end=\"1220\">BRP Inc (DOO:CA)<\/strong> had its target price raised to $94.00 from $90.00 by CIBC while maintaining an Outperform rating.<\/p>\n<p data-start=\"1322\" data-end=\"1436\"><strong data-start=\"1322\" data-end=\"1342\">BRP Inc (DOO:CA)<\/strong> had its target price lowered to $85.00 from $92.00 by Stifel Nicolaus while maintaining a Hold rating.<\/p>\n<p data-start=\"1438\" data-end=\"1568\"><strong data-start=\"1438\" data-end=\"1458\">BRP Inc (DOO:CA)<\/strong> had its target price increased to $113.00 from $107.00 by RBC Capital while maintaining an Outperform rating.<\/p>\n<p data-start=\"1570\" data-end=\"1686\"><strong data-start=\"1570\" data-end=\"1615\">Brookfield Renewable Partners LP (BEP:CA)<\/strong> was maintained at Outperform by Scotiabank with a $58.00 target price.<\/p>\n<p data-start=\"1688\" data-end=\"1836\"><strong data-start=\"1688\" data-end=\"1734\">CIBC (CM:CA)<\/strong> had its target price reduced to $163.00 from $166.00 by TD Securities while maintaining a Buy rating.<\/p>\n<p data-start=\"1977\" data-end=\"2099\"><strong data-start=\"1977\" data-end=\"1993\">CIBC (CM:CA)<\/strong> had its target price raised to $158.00 from $153.00 by Canaccord Genuity while maintaining a Hold rating.<\/p>\n<p data-start=\"2101\" data-end=\"2230\"><strong data-start=\"2101\" data-end=\"2117\">CIBC (CM:CA)<\/strong> had its target price lowered to $155.50 from $157.50 by Raymond James while maintaining a Market Perform rating.<\/p>\n<p data-start=\"2232\" data-end=\"2350\"><strong data-start=\"2232\" data-end=\"2278\">CIBC (CM:CA)<\/strong> was maintained at Outperform by Scotiabank with a $159.00 target price.<\/p>\n<p data-start=\"2352\" data-end=\"2476\"><strong data-start=\"2352\" data-end=\"2384\">Coveo Solutions Inc (CVO:CA)<\/strong> had its target price lowered to $9.00 from $11.00 by Stifel Nicolaus while maintaining a Buy rating.<\/p>\n<p data-start=\"2478\" data-end=\"2611\"><strong data-start=\"2478\" data-end=\"2498\">EQB Inc (EQB:CA)<\/strong> had its target price lowered to $123.00 from $127.00 by Raymond James while maintaining a Market Perform rating.<\/p>\n<p data-start=\"2613\" data-end=\"2720\"><strong data-start=\"2613\" data-end=\"2647\">First Phosphate Corp (PHOS:CA)<\/strong> was maintained at Buy by Fundamental Research with a $3.16 target price.<\/p>\n<p data-start=\"2722\" data-end=\"2835\"><strong data-start=\"2722\" data-end=\"2753\">Focus Graphite Inc (FMS:CA)<\/strong> was initiated by Fundamental Research with a Buy rating and a $2.03 target price.<\/p>\n<p data-start=\"2837\" data-end=\"2942\"><strong data-start=\"2837\" data-end=\"2860\">Kidoz Inc (KDOZ:CA)<\/strong> was initiated by Fundamental Research with a Buy rating and a $0.68 target price.<\/p>\n<p data-start=\"2944\" data-end=\"3032\"><strong data-start=\"2944\" data-end=\"2971\">Laurentian Bank (LB:CA)<\/strong> was maintained at Tender by CIBC with a $40.50 target price.<\/p>\n<p data-start=\"3034\" data-end=\"3171\"><strong data-start=\"3034\" data-end=\"3060\">MDA Space Ltd (MDA:CA)<\/strong> had its target price increased to $67.00 from $53.00 by ATB Cormark while maintaining a Sector Perform rating.<\/p>\n<p data-start=\"3173\" data-end=\"3277\"><strong data-start=\"3173\" data-end=\"3194\">Rio2 Ltd (RIO:CA)<\/strong> was initiated by National Bank with an Outperform rating and a $5.50 target price.<\/p>\n<p data-start=\"3279\" data-end=\"3426\"><strong data-start=\"3279\" data-end=\"3318\">Rockpoint Gas Storage Inc (RGSI:CA)<\/strong> had its target price raised to $31.00 from $30.00 by ATB Cormark while maintaining a Sector Perform rating.<\/p>\n<p data-start=\"3428\" data-end=\"3570\"><strong data-start=\"3428\" data-end=\"3467\">Rockpoint Gas Storage Inc (RGSI:CA)<\/strong> had its target price increased to $34.00 from $33.00 by CIBC while maintaining an Outperform rating.<\/p>\n<p data-start=\"3572\" data-end=\"3678\"><strong data-start=\"3572\" data-end=\"3611\">Rockpoint Gas Storage Inc (RGSI:CA)<\/strong> was maintained at Buy by TD Securities with a $35.00 target price.<\/p>\n<p data-start=\"3680\" data-end=\"3790\"><strong data-start=\"3680\" data-end=\"3719\">Rockpoint Gas Storage Inc (RGSI:CA)<\/strong> was maintained at Outperform by Scotiabank with a $33.00 target price.<\/p>\n<p data-start=\"3792\" data-end=\"3928\"><strong data-start=\"3792\" data-end=\"3824\">Royal Bank of Canada (RY:CA)<\/strong> had its target price raised to $260.00 from $245.00 by Barclays Capital while maintaining an Overweight rating.<\/p>\n<p data-start=\"3930\" data-end=\"4061\"><strong data-start=\"3930\" data-end=\"3962\">Royal Bank of Canada (RY:CA)<\/strong> had its target price increased to $279.00 from $258.00 by CIBC while maintaining a Neutral rating.<\/p>\n<p data-start=\"4063\" data-end=\"4204\"><strong data-start=\"4063\" data-end=\"4095\">Royal Bank of Canada (RY:CA)<\/strong> had its target price raised to $275.00 from $262.00 by Desjardins Securities while maintaining a Buy rating.<\/p>\n<p data-start=\"4206\" data-end=\"4353\"><strong data-start=\"4206\" data-end=\"4238\">Royal Bank of Canada (RY:CA)<\/strong> had its target price increased to $270.50 from $265.50 by Raymond James while maintaining a Market Perform rating.<\/p>\n<p data-start=\"4355\" data-end=\"4488\"><strong data-start=\"4355\" data-end=\"4387\">Royal Bank of Canada (RY:CA)<\/strong> had its target price raised to $272.00 from $267.00 by TD Securities while maintaining a Buy rating.<\/p>\n<p data-start=\"4490\" data-end=\"4612\"><strong data-start=\"4490\" data-end=\"4522\">Royal Bank of Canada (RY:CA)<\/strong> had its target price raised to $272.00 from $267.00 by TD while maintaining a Buy rating.<\/p>\n<p data-start=\"4614\" data-end=\"4754\"><strong data-start=\"4614\" data-end=\"4646\">Royal Bank of Canada (RY:CA)<\/strong> had its target price increased to $280.00 from $270.00 by Canaccord Genuity while maintaining a Buy rating.<\/p>\n<p data-start=\"4756\" data-end=\"4860\"><strong data-start=\"4756\" data-end=\"4788\">Royal Bank of Canada (RY:CA)<\/strong> was maintained at Outperform by Scotiabank with a $252.00 target price.<\/p>\n<p data-start=\"4862\" data-end=\"4950\"><strong data-start=\"4862\" data-end=\"4885\">Saputo Inc (SAP:CA)<\/strong> was maintained at Outperform by CIBC with a $47.00 target price.<\/p>\n<p data-start=\"4952\" data-end=\"5043\"><strong data-start=\"4952\" data-end=\"4977\">Shopify Inc (SHOP:CA)<\/strong> was maintained at Outperform by CIBC with a $255.00 target price.<\/p>\n<p data-start=\"5045\" data-end=\"5145\"><strong data-start=\"5045\" data-end=\"5080\">South Bow Corporation (SOBO:CA)<\/strong> was maintained at Outperform by CIBC with a $50.00 target price.<\/p>\n<p data-start=\"5147\" data-end=\"5293\"><strong data-start=\"5147\" data-end=\"5186\">Tamarack Valley Energy Ltd (TVE:CA)<\/strong> had its target price raised to $15.00 from $12.00 by Raymond James while maintaining an Outperform rating.<\/p>\n<p data-start=\"5295\" data-end=\"5437\"><strong data-start=\"5295\" data-end=\"5334\">Tamarack Valley Energy Ltd (TVE:CA)<\/strong> had its target price raised to $15.00 from $12.00 by Canaccord Genuity while maintaining a Buy rating.<\/p>\n<p data-start=\"5439\" data-end=\"5543\"><strong data-start=\"5439\" data-end=\"5478\">Tamarack Valley Energy Ltd (TVE:CA)<\/strong> was maintained at Outperform by CIBC with a $15.25 target price.<\/p>\n<p data-start=\"5545\" data-end=\"5687\"><strong data-start=\"5545\" data-end=\"5584\">Tamarack Valley Energy Ltd (TVE:CA)<\/strong> had its target price increased to $15.25 from $14.25 by CIBC while maintaining an Outperformer rating.<\/p>\n<p data-start=\"5689\" data-end=\"5813\"><strong data-start=\"5689\" data-end=\"5708\">TD Bank (TD:CA)<\/strong> had its target price raised to $140.00 from $135.00 by Barclays CApital while maintaining an Underweight rating.<\/p>\n<p data-start=\"5815\" data-end=\"5947\"><strong data-start=\"5815\" data-end=\"5834\">TD Bank (TD:CA)<\/strong> had its target price increased to $164.00 from $151.00 by CIBC World Markets while maintaining a Neutral rating.<\/p>\n<p data-start=\"5949\" data-end=\"6077\"><strong data-start=\"5949\" data-end=\"5968\">TD Bank (TD:CA)<\/strong> had its target price raised to $155.00 from $152.50 by Raymond James while maintaining an Outperform rating.<\/p>\n<p data-start=\"6079\" data-end=\"6210\"><strong data-start=\"6079\" data-end=\"6098\">TD Bank (TD:CA)<\/strong> had its target price increased to $160.00 from $154.00 by Desjardins Securities while maintaining a Buy rating.<\/p>\n<p data-start=\"6212\" data-end=\"6340\"><strong data-start=\"6212\" data-end=\"6231\">TD Bank (TD:CA)<\/strong> had its target price raised to $162.00 from $157.00 by National Bank while maintaining an Outperform rating.<\/p>\n<p data-start=\"6342\" data-end=\"6469\"><strong data-start=\"6342\" data-end=\"6361\">TD Bank (TD:CA)<\/strong> had its target price increased to $169.00 from $158.00 by Canaccord Genuity while maintaining a Buy rating.<\/p>\n<p data-start=\"6569\" data-end=\"6666\"><strong data-start=\"6569\" data-end=\"6594\">TD Bank Group (TD:CA)<\/strong> was maintained at Outperform by Scotiabank with a $150.00 target price.<\/p>\n<p data-start=\"6668\" data-end=\"6770\" data-is-last-node=\"\" data-is-only-node=\"\"><strong data-start=\"6668\" data-end=\"6703\">Transcontinental Inc (TCL.A:CA)<\/strong> was maintained at Buy by TD Securities with an $8.00 target price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Ratings (Canada) Today&#8217;s analyst ratings signal a generally bullish outlook for Canadian stocks. The strongest conviction was directed toward the banking sector, where analysts&#8230;<\/p>\n","protected":false},"author":3,"featured_media":73150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-73720","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 29th, 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-may-29th-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Analyst Updates: May 29th, 2026\" \/>\n<meta property=\"og:description\" content=\"Analyst Ratings (Canada) Today&#8217;s analyst ratings signal a generally bullish outlook for Canadian stocks. 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