Analyst Ratings (Canada)
Today’s analyst coverage points to a stable market backdrop, where recommendations continue to favour companies with predictable cash flows, strong balance sheets, and pricing power. Upward revisions and were concentrated in defensive and infrastructure-linked sectors such as utilities, pipelines, and REITs, reflecting continued confidence in regulated or income-oriented earnings streams. In contrast, more cyclical and commodity-sensitive sectors, including forestry and industrial inputs portray a cautious tone shift with lower target forecasts highlighting ongoing margin pressure and uneven demand recovery. Growth-oriented and technology-exposed names remain positively rated but with emphasis on execution risk and forward visibility rather than re-rating expansion.
Overall, the tone from analysts suggests a market that is not broadly risk-off, but increasingly disciplined, favoring quality and earnings visibility over cyclical upside.
81 Analyst Updates
Ag Growth International Inc. (AFN:CA) – RBC Capital raised its target to $30 from $25 and maintained an Outperform rating.
AGT Food and Ingredients (AGTF:CA) – TD Securities maintained a Hold rating with a C$21.00 target.
Algonquin Power & Utilities Corp. (AQN:CA) – TD Securities maintained a Hold rating with a $8.00 target.
Algonquin Power & Utilities Corp. (AQN:CA) – Scotiabank maintained a Outperform rating with a $9.73 target.
Aritzia Inc. (ATZ:CA) – National Bank raised its target to $171 and maintained an Outperform rating.
Aritzia Inc. (ATZ:CA) – Raymond James raised its target to $200 and maintained an Outperform rating.
Atrium Mortgage Investment Corp. (AI:CA) – TD Securities maintained a Buy rating with a C$13.00 target.
Baytex Energy Corp. (BTE:CA) – TD Securities raised his target to $6.50 and maintained a Hold rating.
Baytex Energy Corp. (BTE:CA) – RBC Capital raised its target to $7.00 and maintained a Sector Perform rating.
Brookfield Asset Management Ltd. (BAM:CA) – TD Securities maintained a Buy rating with a $69.00 target.
Brookfield Asset Management Ltd. (BAM:CA) – RBC Capital lowered its target to $89 from $101 while maintaining an Outperform rating.
Brookfield Asset Management Ltd. (BAM:CA) – Scotiabankraised its target to $78 and maintained a Outperform rating.
Brookfield Business Corporation (BBUC:CA) – Scotiabank raised its target to $58 and maintained a Outperform rating.
CAE Inc. (CAE:CA) – CIBC maintained an Outperform rating with a $56.00 target.
Canadian Apartment Properties REIT (CAR.UN:CA) – TD Securities lowered its target to $45 and maintained a Buy rating.
Canfor Corporation (CFP:CA) – Scotiabank lowered its target to C$15.50 and maintained a Sector Perform rating.
Cascades Inc. (CAS:CA) – Scotiabank lowered its target to $13.00.
CES Energy Solutions Corp. (CEU:CA) – Scotiabank raised its target to $21.00.
Chartwell Retirement Residences (CSH.UN:CA) – BMO raised its target to $26 and maintained an Outperform rating.
Chartwell Retirement Residences (CSH.UN:CA) – Canaccord Genuity raised its target to $26 and maintained a Buy rating.
Chartwell Retirement Residences (CSH.UN:CA) – CIBC maintained an Outperform rating with a $25.00 target.
Chartwell Retirement Residences (CSH.UN:CA) – Desjardins raised its target to $27 and maintained a Buy rating.
Chartwell Retirement Residences (CSH.UN:CA) – TD Securities raised its target to $27 and maintained a Buy rating.
Chartwell Retirement Residences (CSH.UN:CA) – National Bank raised its target to $26.50 and maintained an Outperform rating.
Chartwell Retirement Residences (CSH.UN:CA) – Raymond James raised its target to $25 and maintained a Strong Buy rating.
Chartwell Retirement Residences (CSH.UN:CA) – RBC Capital raised its target to $27 and maintained an Outperform rating.
Chartwell Retirement Residences (CSH.UN:CA) – Scotiabank maintained a Sector Outperform rating with a C$26.00 target.
Chorus Aviation Inc. (CHR:CA) – Scotiabank maintained a Sector Outperform rating with a $30.00 target.
Cresco Labs Inc. (CL:CA) – Canaccord Genuity raised its target to $2.50 and maintained a Buy rating.
Crombie REIT (CRR.UN:CA) – TD Securities raised its target to $18 and maintained a Buy rating.
Definity Financial Corporation (DFY:CA) – Scotiabank raised its target to $80.00 and maintained a Sector Perform rating.
Docebo Inc. (DCBO:CA) – CIBC maintained an Outperform rating with a $38.00 target.
Docebo Inc. (DCBO:CA) – TD Securities maintained a Buy rating with a $28.00 target.
Docebo Inc. (DCBO:CA) – Scotiabank maintained a Outperform rating with a $34.75 target.
Doman Building Materials Group Ltd. (DBM:CA) – CIBC maintained a Neutral rating with an $11.50 target.
Doman Building Materials Group Ltd. (DBM:CA) – TD Securities maintained a Buy rating with a $12.00 target.
Dorel Industries Inc. (DII.B:CA) – TD Securities lowered its target to $2.00 and maintained a Hold rating.
Dream Office REIT (D-UN:CA) – CIBC upgraded the stock to Outperform with a $21.00 target.
Emera Inc. (EMA:CA) – TD Securities raised its target to $77.00 and maintained a Buy rating.
Emera Inc. (EMA:CA) – Scotiabank raised its target to $78.00 and maintained a Outperform rating.
Enbridge Inc. (ENB:CA) – TD Securities maintained a Hold rating with a C$73.00 target.
Enbridge Inc. (ENB:CA) – CIBC raised its target to $74.00 and maintained a Neutral rating.
Enbridge Inc. (ENB:CA) – National Bank raised its target to $73.00 and maintained a Sector Perform rating.
Enbridge Inc. (ENB:CA) – Raymond James raised its target to $80.00 and maintained an Outperform rating.
Enbridge Inc. (ENB:CA) – RBC Capital raised its target to $79.00 and maintained an Outperform rating..
Enbridge Inc. (ENB:CA) – Scotiabank raised its target to $78.00 and maintained a Sector Outperform rating.
Exchange Income Corporation (EIF:CA) – Scotiabank maintained a Sector Outperform rating with a C$129.00 target.
Extendicare Inc. (EXE:CA) – CIBC raised its target to $38.00 and maintained an Outperform rating.
Extendicare Inc. (EXE:CA) – TD Securities raised its target to $39.00 and maintained a Buy rating.
Fiera Capital Corp. (FSZ:CA) – TD Securities maintained a Hold rating with a C$6.00 target.
Fiera Capital Corporation (FSZ:CA) – Scotiabank maintained a Sector Perform rating with a C$6.50 target.
HEALWELL AI Inc. (AIDX:CA) – TD Securities maintained a Buy rating with a $1.75 target.
HEALWELL AI Inc. (AIDX:CA) – Scotiabank maintained a Sector Outperform rating with a $2.00 target.
IGM Financial Inc. (IGM:CA) – CIBC raised its target to $79.00 and maintained a Neutral rating.
IGM Financial Inc. (IGM:CA) – TD Securities raised its target to $86.00 and maintained a Buy rating.
Itafos Inc. (IFOS:CA) – Raymond James lowered its target to $4.50 and maintained an Outperform rating.
Leon’s Furniture Limited (LNF:CA) – CIBC lowered its target to $28.00 and maintained a Neutral rating.
NexGen Energy Ltd. (NXE:CA) – TD Securities maintained a Buy rating with a $20.00 target.
NFI Group Inc. (NFI:CA) – CIBC raised its target to $27.00 and maintained an Outperform rating.
NFI Group Inc. (NFI:CA) – National Bank raised its target to $26.00 and maintained an Outperform rating.
NFI Group Inc. (NFI:CA) – Scotiabank raised its target to $25.00 and maintained a Sector Outperform rating.
NFI Group Inc. (NFI:CA) – TD Securities raised its target to $26.00 and maintained a Buy rating.
Nutrien Ltd. (NTR:CA) – TD Securities lowered its target to $113.00 from $117.00 and maintained a Buy rating.
Nutrien Ltd. (NTR:CA) – Scotiabank raised its target to $111.00 and maintained a Sector Perform rating.
Open Text Corp. (OTEX:CA) – TD Securities lowered its target to $27.00 and maintained a Hold rating.
Orla Mining Ltd. (OLA:CA) – CIBC maintained an Outperform rating with a $32.00 target.
Premium Brands Holding Corp. (PBH:CA) – TD Securities maintained a Buy rating with a $140.00 target.
Rogers Sugar Inc. (RSI:CA) – TD Securities maintained a Hold rating with a $7.00 target.
Rogers Sugar Inc. (RSI:CA) Scotiabank raised its target to C$6.25 and maintained a Sector Underperform rating.
Russel Metals Inc. (RUS:CA) – TD Securities raised its target to $68.00 and maintained a Buy rating.
Savaria Corporation (SIS:CA) – Scotiabank maintained a Outperform rating with a $33.00 target.
SmartCentres REIT (SRU.UN:CA) – TD Securitiesi maintained a Buy rating with a $31.00 target.
Stella-Jones Inc. (SJ:CA) – TD Securities lowered its target to $93.00 and maintained a Buy rating.
TELUS Corporation (T:CA) – TD Securities maintained a Buy rating with a $20.00 target.
TELUS Corporation (T:CA) – Scotiabank lowered its target to $20.00 and maintained a Sector Perform rating.
Trisura Group Ltd. (TSU:CA) – CIBC lowered its target to $55.00 and maintained an Outperform rating.
VitalHub Corp. (VHI:CA) – TD Securities maintained a Buy rating with a $13.00 target.
VitalHub Corp. (VHI:CA) – Scotiabank maintained a Outperform rating with a $12.00 target.
WELL Health Technologies Corp. (WELL:CA) – TD Securities maintained a Buy rating with a $7.00 target.
WELL Health Technologies Corp. (WELL:CA) – Scotiabank lowered its target to $6.00 and maintained a Outperform rating.
Western Forest Products Inc. (WEF:CA) – Scotiabank maintained a Sector Perform rating with a $18.00 target.
The post Canadian Analyst Updates: May 11th, 2026 appeared first on Stock Target Advisor.
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
