Canadian Analyst Updates: May 22nd, 2026

Today’s analyst ratings update signals a neutral-to-cautious market outlook, with analysts largely maintaining existing ratings. Commodities and mining sectors remain the most supported, wth financials and REITs being mostly neutral due to rate sensitivities, while growth and tech stocks continue to face valuation pressure through lower target valuation adjustments.  The current thesis is of a stock-picking environment, rather than a strong sector-wide trend.   Over all the current outlook is range-bound, with growth stocks under pressure, resources supported, with no strong macro drivers for a positive broad market narrative.