{"id":73728,"date":"2026-06-01T20:45:48","date_gmt":"2026-06-01T20:45:48","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=73728"},"modified":"2026-06-01T20:51:10","modified_gmt":"2026-06-01T20:51:10","slug":"canadian-analyst-updates-june-1st-2026","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-june-1st-2026\/","title":{"rendered":"Canadian Analyst Updates: June 1st, 2026"},"content":{"rendered":"<h2><a href=\"https:\/\/www.stocktargetadvisor.com\/blog\/?p=73728&amp;preview=true\"><strong>Analyst Ratings (Canada)<\/strong><\/a><\/h2>\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=\"9df356a3-60ca-4cac-88da-24087a7493dd\" data-message-model-slug=\"gpt-5-5\" 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=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">Analyst sentiment remains positive for Canadian stocks, with the majority of target price revisions moving higher, with very few downward adjustments. Utilities, energy infrastructure, pipelines, and power generation companies saw widespread target increases, reflecting confidence in stable cash flows, regulated earnings growth, and ongoing demand for energy infrastructure.<\/p>\n<p data-start=\"0\" data-end=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">The Canadian banking sector also received several target increases, suggesting expectations for resilient earnings, improving loan growth, and a more favorable interest-rate environment.<\/p>\n<p data-start=\"0\" data-end=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">Mining and precious metals companies continued to attract positive attention as analysts maintained bullish views on gold and uranium fundamentals, while select base metals names benefited from expectations of stronger long-term demand tied to electrification and industrial growth.<\/p>\n<p data-start=\"0\" data-end=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">Consumer and industrial companies generally retained positive ratings, indicating confidence in earnings execution despite economic uncertainty.<\/p>\n<p data-start=\"0\" data-end=\"1312\" data-is-last-node=\"\" data-is-only-node=\"\">Overall the postive ratings, combined with numerous valuation increases, points to a moderately bullish outlook for Canadian markets, with analysts favoring defensive dividend-paying sectors, financials, infrastructure assets, and commodity producers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"z-0 flex min-h-[46px] justify-start\"><strong>44 Analyst Updates<\/strong><\/h2>\n<div><\/div>\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=\"58fb3502-890c-499d-89a0-5b53ab215f6b\" data-message-model-slug=\"gpt-5-5\" 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=\"114\"><strong data-start=\"0\" data-end=\"37\">Allied Gold Corporation (AAUC:CA)<\/strong> \u2014 CIBC maintained its Tender rating and kept its target price at <strong data-start=\"103\" data-end=\"113\">$44.00<\/strong>.<\/p>\n<p data-start=\"116\" data-end=\"250\"><strong data-start=\"116\" data-end=\"140\">AltaGas Ltd (ALA:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"184\" data-end=\"206\">$60.00 from $52.00<\/strong> while maintaining an <strong data-start=\"228\" data-end=\"242\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"252\" data-end=\"388\"><strong data-start=\"252\" data-end=\"275\">Atco Ltd (ACO.X:CA)<\/strong> \u2014 National Bank increased its target price to <strong data-start=\"322\" data-end=\"344\">$69.00 from $62.00<\/strong> and maintained a <strong data-start=\"362\" data-end=\"380\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"390\" data-end=\"533\"><strong data-start=\"390\" data-end=\"419\">Bank of Montreal (BMO:CA)<\/strong> \u2014 Scotiabank raised its target price to <strong data-start=\"460\" data-end=\"484\">$234.00 from $209.00<\/strong> and reiterated its <strong data-start=\"504\" data-end=\"525\">Sector Outperform<\/strong> rating.<\/p>\n<p data-start=\"535\" data-end=\"659\"><strong data-start=\"535\" data-end=\"561\">Baytex Energy (BTE:CA)<\/strong> \u2014 CIBC increased its target price to <strong data-start=\"599\" data-end=\"619\">$7.25 from $6.50<\/strong> while maintaining a <strong data-start=\"640\" data-end=\"651\">Neutral<\/strong> rating.<\/p>\n<p data-start=\"661\" data-end=\"821\"><strong data-start=\"661\" data-end=\"714\">Brookfield Infrastructure Partners LP (BIP-UN:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"758\" data-end=\"780\">$59.00 from $52.00<\/strong> and maintained an <strong data-start=\"799\" data-end=\"813\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"823\" data-end=\"957\"><strong data-start=\"823\" data-end=\"843\">BRP Inc (DOO:CA)<\/strong> \u2014 Desjardins Securities increased its target price to <strong data-start=\"898\" data-end=\"921\">$103.00 from $97.00<\/strong> while reiterating a <strong data-start=\"942\" data-end=\"949\">Buy<\/strong> rating.<\/p>\n<p data-start=\"959\" data-end=\"1059\"><strong data-start=\"959\" data-end=\"983\">Cameco Corp (CCO:CA)<\/strong> \u2014 TD Securities maintained its <strong data-start=\"1015\" data-end=\"1022\">Buy<\/strong> rating and <strong data-start=\"1034\" data-end=\"1045\">$185.00<\/strong> target price.<\/p>\n<p data-start=\"1061\" data-end=\"1205\"><strong data-start=\"1061\" data-end=\"1095\">Canadian Utilities Ltd (CU:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"1139\" data-end=\"1161\">$51.00 from $46.00<\/strong> and maintained a <strong data-start=\"1179\" data-end=\"1197\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"1207\" data-end=\"1351\"><strong data-start=\"1207\" data-end=\"1238\">Capital Power Corp (CPX:CA)<\/strong> \u2014 National Bank increased its target price to <strong data-start=\"1285\" data-end=\"1307\">$82.00 from $75.00<\/strong> while maintaining an <strong data-start=\"1329\" data-end=\"1343\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"1353\" data-end=\"1479\"><strong data-start=\"1353\" data-end=\"1385\">Capstone Copper Corp (CS:CA)<\/strong> \u2014 CIBC raised its target price to <strong data-start=\"1420\" data-end=\"1442\">$16.00 from $15.50<\/strong> and maintained a <strong data-start=\"1460\" data-end=\"1471\">Neutral<\/strong> rating.<\/p>\n<p data-start=\"1481\" data-end=\"1603\"><strong data-start=\"1481\" data-end=\"1528\">Chartwell Retirement Residences (CSH-UN:CA)<\/strong> \u2014 TD Securities maintained its <strong data-start=\"1560\" data-end=\"1567\">Buy<\/strong> rating and <strong data-start=\"1579\" data-end=\"1589\">$27.00<\/strong> target price.<\/p>\n<p data-start=\"1605\" data-end=\"1675\"><strong data-start=\"1605\" data-end=\"1621\">CIBC (CM:CA)<\/strong> \u2014 Scotiabank lowered its target price to <strong data-start=\"1663\" data-end=\"1674\">$155.00<\/strong>.<\/p>\n<p data-start=\"1677\" data-end=\"1788\"><strong data-start=\"1677\" data-end=\"1713\">Definity Financial Corp (DFY:CA)<\/strong> \u2014 TD Securities maintained its <strong data-start=\"1745\" data-end=\"1752\">Buy<\/strong> rating and <strong data-start=\"1764\" data-end=\"1774\">$86.00<\/strong> target price.<\/p>\n<p data-start=\"1790\" data-end=\"1928\"><strong data-start=\"1790\" data-end=\"1816\">Dollarama Inc (DOL:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"1860\" data-end=\"1884\">$203.00 from $198.00<\/strong> while maintaining an <strong data-start=\"1906\" data-end=\"1920\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"1930\" data-end=\"2065\"><strong data-start=\"1930\" data-end=\"1952\">Emera Inc (EMA:CA)<\/strong> \u2014 National Bank increased its target price to <strong data-start=\"1999\" data-end=\"2021\">$75.00 from $69.00<\/strong> and maintained a <strong data-start=\"2039\" data-end=\"2057\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"2067\" data-end=\"2205\"><strong data-start=\"2067\" data-end=\"2092\">Enbridge Inc (ENB:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"2136\" data-end=\"2158\">$81.00 from $73.00<\/strong> while maintaining a <strong data-start=\"2179\" data-end=\"2197\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"2207\" data-end=\"2339\"><strong data-start=\"2207\" data-end=\"2227\">EQB Inc (EQB:CA)<\/strong> \u2014 Scotiabank increased its target price to <strong data-start=\"2271\" data-end=\"2295\">$125.00 from $122.00<\/strong> and maintained a <strong data-start=\"2313\" data-end=\"2331\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"2341\" data-end=\"2477\"><strong data-start=\"2341\" data-end=\"2364\">Fortis Inc (FTS:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"2408\" data-end=\"2430\">$82.00 from $75.00<\/strong> while maintaining a <strong data-start=\"2451\" data-end=\"2469\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"2479\" data-end=\"2619\"><strong data-start=\"2479\" data-end=\"2509\">Gibson Energy Inc (GEI:CA)<\/strong> \u2014 National Bank increased its target price to <strong data-start=\"2556\" data-end=\"2578\">$33.00 from $30.00<\/strong> and maintained an <strong data-start=\"2597\" data-end=\"2611\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"2621\" data-end=\"2758\"><strong data-start=\"2621\" data-end=\"2645\">Hydro One Ltd (H:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"2689\" data-end=\"2711\">$61.00 from $56.00<\/strong> while maintaining a <strong data-start=\"2732\" data-end=\"2750\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"2760\" data-end=\"2860\"><strong data-start=\"2760\" data-end=\"2785\">IAMGOLD Corp (IMG:CA)<\/strong> \u2014 TD Securities maintained its <strong data-start=\"2817\" data-end=\"2824\">Buy<\/strong> rating and <strong data-start=\"2836\" data-end=\"2846\">$36.00<\/strong> target price.<\/p>\n<p data-start=\"2862\" data-end=\"2999\"><strong data-start=\"2862\" data-end=\"2886\">Keyera Corp (KEY:CA)<\/strong> \u2014 National Bank increased its target price to <strong data-start=\"2933\" data-end=\"2955\">$56.00 from $50.00<\/strong> and maintained a <strong data-start=\"2973\" data-end=\"2991\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"3001\" data-end=\"3093\"><strong data-start=\"3001\" data-end=\"3028\">Laurentian Bank (LB:CA)<\/strong> \u2014 CIBC maintained its Tender rating and <strong data-start=\"3069\" data-end=\"3079\">$40.50<\/strong> target price.<\/p>\n<p data-start=\"3095\" data-end=\"3221\"><strong data-start=\"3095\" data-end=\"3146\">Major Drilling Group International Inc (MDI:CA)<\/strong> \u2014 TD Securities maintained its <strong data-start=\"3178\" data-end=\"3185\">Buy<\/strong> rating and <strong data-start=\"3197\" data-end=\"3207\">$21.00<\/strong> target price.<\/p>\n<p data-start=\"3223\" data-end=\"3361\"><strong data-start=\"3223\" data-end=\"3253\">Minera Alamos Inc (MAI:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"3297\" data-end=\"3317\">$9.50 from $8.50<\/strong> while maintaining an <strong data-start=\"3339\" data-end=\"3353\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"3363\" data-end=\"3464\"><strong data-start=\"3363\" data-end=\"3389\">NFI Group Inc (NFI:CA)<\/strong> \u2014 TD Securities maintained its <strong data-start=\"3421\" data-end=\"3428\">Buy<\/strong> rating and <strong data-start=\"3440\" data-end=\"3450\">$26.00<\/strong> target price.<\/p>\n<p data-start=\"3466\" data-end=\"3576\"><strong data-start=\"3466\" data-end=\"3496\">Onex Corporation (ONEX:CA)<\/strong> \u2014 Scotiabank maintained its <strong data-start=\"3525\" data-end=\"3539\">Outperform<\/strong> rating and <strong data-start=\"3551\" data-end=\"3562\">$175.00<\/strong> target price.<\/p>\n<p data-start=\"3578\" data-end=\"3725\"><strong data-start=\"3578\" data-end=\"3612\">Pembina Pipeline Corp (PPL:CA)<\/strong> \u2014 National Bank increased its target price to <strong data-start=\"3659\" data-end=\"3681\">$71.00 from $63.00<\/strong> while maintaining an <strong data-start=\"3703\" data-end=\"3717\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"3727\" data-end=\"3873\"><strong data-start=\"3727\" data-end=\"3766\">Rockpoint Gas Storage Inc (RGSI:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"3810\" data-end=\"3832\">$35.00 from $32.00<\/strong> and maintained an <strong data-start=\"3851\" data-end=\"3865\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"3875\" data-end=\"4025\"><strong data-start=\"3875\" data-end=\"3907\">Royal Bank of Canada (RY:CA)<\/strong> \u2014 Scotiabank increased its target price to <strong data-start=\"3951\" data-end=\"3975\">$275.00 from $252.00<\/strong> while reiterating a <strong data-start=\"3996\" data-end=\"4017\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"4027\" data-end=\"4165\"><strong data-start=\"4027\" data-end=\"4055\">South Bow Corp (SOBO:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"4099\" data-end=\"4121\">$48.00 from $43.00<\/strong> and maintained a <strong data-start=\"4139\" data-end=\"4157\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"4167\" data-end=\"4285\"><strong data-start=\"4167\" data-end=\"4202\">South Bow Corporation (SOBO:CA)<\/strong> \u2014 Scotiabank maintained its <strong data-start=\"4231\" data-end=\"4249\">Sector Perform<\/strong> rating and <strong data-start=\"4261\" data-end=\"4271\">$50.00<\/strong> target price.<\/p>\n<p data-start=\"4287\" data-end=\"4391\"><strong data-start=\"4287\" data-end=\"4318\">Stingray Group Inc (RAY:CA)<\/strong> \u2014 CIBC maintained its <strong data-start=\"4341\" data-end=\"4355\">Outperform<\/strong> rating and <strong data-start=\"4367\" data-end=\"4377\">$20.00<\/strong> target price.<\/p>\n<p data-start=\"4393\" data-end=\"4539\"><strong data-start=\"4393\" data-end=\"4429\">StorageVault Canada Inc (SVI:CA)<\/strong> \u2014 Raymond James cut its target price to <strong data-start=\"4476\" data-end=\"4496\">$5.25 from $5.50<\/strong> while upgrading to a <strong data-start=\"4517\" data-end=\"4531\">Strong Buy<\/strong> rating, from Outperform.<\/p>\n<p data-start=\"4541\" data-end=\"4680\"><strong data-start=\"4541\" data-end=\"4572\">Superior Plus Corp (SPB:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"4616\" data-end=\"4636\">$8.50 from $7.50<\/strong> and maintained a <strong data-start=\"4654\" data-end=\"4672\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"4682\" data-end=\"4780\"><strong data-start=\"4682\" data-end=\"4709\">TC Energy Corp (TRP:CA)<\/strong> \u2014 National Bank increased its target price to <strong data-start=\"4756\" data-end=\"4779\">$102.00 from $92.00<\/strong>.<\/p>\n<p data-start=\"4782\" data-end=\"4950\"><strong data-start=\"4782\" data-end=\"4837\">Tidewater Midstream and Infrastructure Ltd (TWM:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"4881\" data-end=\"4903\">$17.00 from $15.00<\/strong> while maintaining a <strong data-start=\"4924\" data-end=\"4942\">Sector Perform<\/strong> rating.<\/p>\n<p data-start=\"4952\" data-end=\"5055\"><strong data-start=\"4952\" data-end=\"4979\">Topicuscom Inc (TOI:CA)<\/strong> \u2014 TD Securities maintained its <strong data-start=\"5011\" data-end=\"5018\">Buy<\/strong> rating and <strong data-start=\"5030\" data-end=\"5041\">$145.00<\/strong> target price.<\/p>\n<p data-start=\"5057\" data-end=\"5205\"><strong data-start=\"5057\" data-end=\"5090\">Toronto-Dominion Bank (TD:CA)<\/strong> \u2014 Scotiabank increased its target price to <strong data-start=\"5134\" data-end=\"5158\">$165.00 from $150.00<\/strong> and reiterated a <strong data-start=\"5176\" data-end=\"5197\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"5207\" data-end=\"5343\"><strong data-start=\"5207\" data-end=\"5233\">TransAlta Corp (TA:CA)<\/strong> \u2014 National Bank raised its target price to <strong data-start=\"5277\" data-end=\"5299\">$24.00 from $22.00<\/strong> while maintaining an <strong data-start=\"5321\" data-end=\"5335\">Outperform<\/strong> rating.<\/p>\n<p data-start=\"5345\" data-end=\"5450\"><strong data-start=\"5345\" data-end=\"5376\">Trilogy Metals Inc (TMQ:CA)<\/strong> \u2014 TD Securities maintained its <strong data-start=\"5408\" data-end=\"5415\">Buy<\/strong> rating and <strong data-start=\"5427\" data-end=\"5436\">$8.00<\/strong> target price.<\/p>\n<p data-start=\"5452\" data-end=\"5596\" data-is-last-node=\"\" data-is-only-node=\"\"><strong data-start=\"5452\" data-end=\"5487\">Wesdome Gold Mines Ltd (WDO:CA)<\/strong> \u2014 Canaccord Genuity increased its target price to <strong data-start=\"5538\" data-end=\"5560\">$31.00 from $30.00<\/strong> while maintaining a <strong data-start=\"5581\" data-end=\"5588\">Buy<\/strong> rating.<\/p>\n<h3 data-start=\"3854\" data-end=\"3959\"><a href=\"https:\/\/www.stocktargetadvisor.com\/blog\/analyst-ratings-updates\/\"><strong><em>More Ratings:<\/em><\/strong><\/a><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Ratings (Canada) Analyst sentiment remains positive for Canadian stocks, with the majority of target price revisions moving higher, with very few downward adjustments. Utilities,&#8230;<\/p>\n","protected":false},"author":3,"featured_media":66064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-73728","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: June 1st, 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-june-1st-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: June 1st, 2026\" \/>\n<meta property=\"og:description\" content=\"Analyst Ratings (Canada) Analyst sentiment remains positive for Canadian stocks, with the majority of target price revisions moving higher, with very few downward adjustments. 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