{"id":74916,"date":"2026-09-08T19:54:41","date_gmt":"2026-09-08T19:54:41","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=74916"},"modified":"2026-09-08T19:54:41","modified_gmt":"2026-09-08T19:54:41","slug":"canadian-analyst-updates-sept-2nd-2026","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-sept-2nd-2026\/","title":{"rendered":"Canadian Analyst Updates: Sept 2nd, 2026"},"content":{"rendered":"

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

Today’s analyst outlook is selectively positive across most sectors, with the strongest sentiment in energy, industrials, transportation, environmental services, mining, technology and growth-oriented companies where “Outperform” ratings dominated. Financials and Canadian banks carried a more cautious outlook, with analysts largely maintaining “Hold” ratings and issuing mixed target-price revisions, suggesting increased valuation concerns. Consumer staples and retail remained relatively constructive but selective, while forestry and materials maintained a positive outlook. Overall, analyst sentiment was moderately bullish, favouring sectors with stronger earnings visibility and growth potential while taking a more measured approach toward financials and valuation-sensitive industries.<\/p>\n

33 Analyst Updates<\/strong><\/h3>\n
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Algoma Steel Group Inc. (ASTL:CA):<\/strong> RBC Capital maintained its Sector Perform<\/strong> rating with a $6.00<\/strong> target price.<\/p>\n

Alimentation Couche-Tard Inc. (ATD:CA):<\/strong> Scotiabank maintained its Outperform<\/strong> rating with a $104.00<\/strong> target, while RBC Capital also maintained an Outperform<\/strong> rating with a $111.00<\/strong> target.<\/p>\n

Bank of Montreal (BMO:CA):<\/strong> Desjardins Securities maintained its Hold<\/strong> rating with a $260.00<\/strong> target, while CIBC maintained a Neutral<\/strong> rating but lowered its target price to $261 from $271<\/strong>.<\/p>\n

Bank of Nova Scotia (BNS:CA):<\/strong> Desjardins Securities maintained its Hold<\/strong> rating with a $130.00<\/strong> target, while CIBC maintained a Neutral<\/strong> rating and raised its target price to $137 from $136<\/strong>.<\/p>\n

Canadian Imperial Bank of Commerce (CM:CA):<\/strong> Desjardins Securities maintained its Hold<\/strong> rating with a $170.00<\/strong> target price.<\/p>\n

Cargojet Inc. (CJT:CA):<\/strong> CIBC maintained its Outperform<\/strong> rating with a $125.00<\/strong> target price.<\/p>\n

CCL Industries Inc. (CCL-B:CA):<\/strong> CIBC maintained its Outperform<\/strong> rating with a $113.00<\/strong> target price.<\/p>\n

Cenovus Energy Inc. (CVE:CA):<\/strong> Gerdes Energy Research downgraded the stock to a Hold<\/strong>\u00a0from a Buy<\/strong> rating and setting a $69.00<\/strong> target price.<\/p>\n

Collective Mining Ltd. (CNL:CA):<\/strong> Scotiabank maintained its Outperform<\/strong> rating with a $35.00<\/strong> target price.<\/p>\n

Definity Financial Corp. (DFY:CA):<\/strong> CIBC maintained its Neutral<\/strong> rating with an $86.00<\/strong> target price.<\/p>\n

Descartes Systems Group Inc. (DSG:CA):<\/strong> CIBC maintained its Outperform<\/strong> rating with a $163.00<\/strong> target price.<\/p>\n

Empire Co. Ltd. (EMP.A:CA):<\/strong> National Bank maintained its Sector Perform<\/strong> rating and raised its target price to $56.00 from $55.00<\/strong>, while Scotiabank maintained its Sector Perform<\/strong> rating and lowered its target to $50.00 from $52.00<\/strong>.<\/p>\n

EQB-Inc. (EQB:CA):<\/strong> Desjardins Securities maintained its Buy<\/strong> rating with a $150.00<\/strong> target price.<\/p>\n

GFL-Environmental Inc. (GFL:CA):<\/strong> Scotiabank maintained its Outperform<\/strong> rating with a $79.00<\/strong> target price.<\/p>\n

Healwell AI Inc. (AIDX:CA):<\/strong> Stifel Nicolaus maintained its Buy<\/strong> rating with a $2.25<\/strong> target price.<\/p>\n

High Tide Inc. (HITI:CA):<\/strong> TD Securities maintained its Buy<\/strong> rating with a $6.50<\/strong> target price.<\/p>\n

Kidoz Inc. (KDOZ:CA):<\/strong> Fundamental Research maintained its Buy<\/strong> rating with a $0.68<\/strong> target price.<\/p>\n

Methanex Corp. (MX:CA):<\/strong> Scotiabank maintained its Outperform<\/strong> rating with a $110.00<\/strong> target price.<\/p>\n

National Bank of Canada (NA:CA):<\/strong> Desjardins Securities maintained its Hold<\/strong> rating with a $230.00<\/strong> target, while CIBC maintained an Outperform<\/strong> rating but lowered its target price to $242 from $249<\/strong>.<\/p>\n

Pecoy Copper Corp. (PCU:CA):<\/strong> Scotiabank maintained its Outperform<\/strong> rating with a $4.00<\/strong> target price.<\/p>\n

Richelieu Hardware Ltd. (RCH:CA):<\/strong> CIBC maintained its Neutral<\/strong> rating with a $39.00<\/strong> target price.<\/p>\n

Royal Bank of Canada (RY:CA):<\/strong> Desjardins Securities maintained its Buy<\/strong> rating with a $320.00<\/strong> target, while CIBC maintained a Neutral<\/strong> rating and lowered its target price to $300 from $311<\/strong>.<\/p>\n

Suncor Energy Inc. (SU:CA):<\/strong> Scotiabank maintained its Outperform<\/strong> rating with a $106.00<\/strong> target price.<\/p>\n

Toronto-Dominion Bank (TD:CA):<\/strong> CIBC maintained its Neutral<\/strong> rating and raised its target price to $188 from $187<\/strong>, while Desjardins Securities maintained its Buy<\/strong> rating with a $183.00<\/strong> target price.<\/p>\n

West Fraser Timber Co. (WFG:CA):<\/strong> Scotiabank maintained its Outperform<\/strong> rating with a $124.50<\/strong> target price.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

More Ratings:<\/em><\/strong><\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

Analyst Ratings (Canada) Today’s analyst outlook is selectively positive across most sectors, with the strongest sentiment in energy, industrials, transportation, environmental services, mining, technology…<\/p>\n","protected":false},"author":3,"featured_media":38946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-74916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\nCanadian Analyst Updates: Sept 2nd, 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-sept-2nd-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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