{"id":76823,"date":"2026-11-04T04:53:50","date_gmt":"2026-11-04T04:53:50","guid":{"rendered":"https:\/\/www.stocktargetadvisor.com\/blog\/?p=76823"},"modified":"2026-11-04T04:53:50","modified_gmt":"2026-11-04T04:53:50","slug":"canadian-analyst-updates-nov-3rd","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/canadian-analyst-updates-nov-3rd\/","title":{"rendered":"Canadian Analyst Updates: Nov 3rd"},"content":{"rendered":"

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

Canadian analyst outlook remains cautiously optimistic, with a strong concentration of positive ratings across energy, utilities, industrials, and materials. However, several downward price target revisions suggest analysts are becoming more conservative about earnings growth, valuations, and near-term operating conditions. Energy and infrastructure stocks continue to attract favourable coverage, while select mining, consumer, and industrial companies face reduced expectations.<\/p>\n

Updates (31)<\/strong><\/h3>\n

5N Plus Inc. (VNP:CA) \u2014 Scotiabank maintains its Outperform rating with a price target of $37.00.<\/p>\n

Cameco Corp. (CCO:CA) \u2014 BMO maintains its Outperform rating with a price target of $150.00.<\/p>\n

Canadian Pacific Kansas City Ltd. (CP:CA) \u2014 TD Securities maintains its Hold rating with a price target of $134.00.<\/p>\n

Capital Power Corp. (CPX:CA) \u2014 TD Securities maintains its Buy rating with a price target of $80.00.<\/p>\n

Capital Power Corp. (CPX:CA) \u2014 Scotiabank maintains its Outperform rating with a price target of $76.00.<\/p>\n

Capital Power Corp. (CPX:CA) \u2014 National Bank maintains its Outperform rating and lowers its price target to $83.00 from $84.00.<\/p>\n

Champion Iron Ltd. (CIA:CA) \u2014 RBC maintains its Outperform rating and lowers its price target to $4.00 from $8.00.<\/p>\n

EQB-Inc. (EQB:CA) \u2014 Raymond James upgrades its rating from Underperform to Market Perform and raises its price target to $124.00 from $120.00.<\/p>\n

Ero Copper Corp. (ERO:CA) \u2014 Scotiabank maintains its Sector Perform rating with a price target of $55.00.<\/p>\n

Ero Copper Corp. (ERO:CA) \u2014 Raymond James maintains its Outperform rating and lowers its price target to $54.00 from $55.00.<\/p>\n

Exchange Income Corp. (EIF:CA) \u2014 Ventum Capital maintains its Buy rating with a price target of $150.00.<\/p>\n

Finning International Inc. (FTT:CA) \u2014 RBC maintains its Outperform rating with a price target of $129.00.<\/p>\n

First Capital REIT (FCR.UN:CA) \u2014 Scotiabank maintains its Sector Perform rating with a price target of $24.50.<\/p>\n

Gibson Energy Inc. (GEI:CA) \u2014 Scotiabank maintains its Sector Perform rating with a price target of $31.00.<\/p>\n

Gibson Energy Inc. (GEI:CA) \u2014 BMO maintains its Market Perform rating and raises its price target to $33.00 from $31.00.<\/p>\n

Gildan Activewear Inc. (GIL:CA) \u2014 Desjardins Securities maintains its Buy rating and lowers its price target to $90.00 from $108.00.<\/p>\n

Gildan Activewear Inc. (GIL:CA) \u2014 Scotiabank maintains its Outperform rating with a price target of $74.00.<\/p>\n

Honey Badger Silver Inc. (TUF:CA) \u2014 Stifel Nicolaus maintains its Buy rating with a price target of $1.25.<\/p>\n

Imperial Oil Ltd. (IMO:CA) \u2014 TD Securities maintains its Sell rating and raises its price target to $164.00 from $158.00.<\/p>\n

Pecoy Copper Corp. (PCU:CA) \u2014 Scotiabank maintains its Outperform rating with a price target of $3.50.<\/p>\n

Pizza Pizza Royalty Corp. (PZA:CA) \u2014 TD Securities maintains its Hold rating and lowers its price target to $11.00 from $12.00.<\/p>\n

Power Corp. of Canada (POW:CA) \u2014 Desjardins Securities maintains its Buy rating and raises its price target to $104.00 from $102.00.<\/p>\n

Premium Brands Holdings Corp. (PBH:CA) \u2014 RBC maintains its Outperform rating and lowers its price target to $110.00 from $120.00.<\/p>\n

RioCan REIT (REI.UN:CA) \u2014 Scotiabank maintains its Sector Perform rating with a price target of $22.50.<\/p>\n

Tidewater Midstream and Infrastructure Ltd. (TWM:CA) \u2014 Scotiabank maintains its Sector Perform rating with a price target of $26.00.<\/p>\n

Topaz Energy Corp. (TPZ:CA) \u2014 Scotiabank maintains its Outperform rating with a price target of $36.00.<\/p>\n

Toromont Industries Ltd. (TIH:CA) \u2014 Scotiabank maintains its Outperform rating with a price target of $239.00.<\/p>\n

Toromont Industries Ltd. (TIH:CA) \u2014 RBC maintains its Outperform rating and lowers its price target to $261.00 from $265.00.<\/p>\n

Wajax Corporation (WJX:CA) \u2014 Scotiabank maintains its Sector Perform rating with a price target of $38.00.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analyst Ratings (Canada) Canadian analyst outlook remains cautiously optimistic, with a strong concentration of positive ratings across energy, utilities, industrials, and materials. 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