Canadian Analyst Updates: February 19th, 2026

Analyst Ratings (Canada)

The following are today’s 84 entries of the latest analyst ratings tracked for Canadian-listed and Canadian-traded stocks, with several brokerages adjusting their outlooks and target prices in response to company-specific developments, earnings expectations, commodity fluctuations, and broader sector trends:

Alamos Gold Inc. (AGI:CA) – TD Securities maintained a Buy rating with a $67.00 target price.

Alamos Gold Inc. (AGI:CA) – Scotiabank maintained an Outperform rating with an $82 target price.

Allied Gold Corporation (AUUC:CA) – CIBC maintained a Tender rating with a $44.00 target price.

Allied Properties REIT (AP.UN:CA) – TD Securities lowered its target price to $10.00 from $14.50 and maintained a Hold rating.

Allied Properties REIT (AP.UN:CA) – Scotiabank lowered its target price to $10.75 from $15.75, with a Sector Perform.

Artemis Gold (ARTG:CA) – TD Securities maintained a Buy rating with a $50.00 target price.

B2Gold Corp. (BTO:CA) – TD Securities maintained a Hold rating with a $7.50 target price.

B2Gold Corp. (BTO:CA) – Scotiabank maintained a Sector Perform rating with a C$10.00 target price.

Bank of Montreal (BMO:CA) – Barclays raised its target price to $196.00 from $181.00.

Bank of Nova Scotia (BNS:CA) – Barclays raised its target price to $106.00 from $97.00.

Bombardier Inc. (BBD-B:CA) – TD Securities maintained a Hold rating with a $280.00 target price.

Cameco Corp. (CCO:CA) – Berenberg lowered its target price to $183.00 from $201.00.

Canadian National Railway Co (CNR:CA) – BMO Capital Markets raised its target price to $169.00 from $158.00.

Canadian Pacific Kansas City (CP:CA) – BMO Capital Markets raised its target price to $132.00 from $126.00.

Canadian Tire Corporation, Ltd. (CTC-A:CA) – CIBC maintained a Neutral rating with a $189.00 target price.

Canadian Tire Corporation, Ltd. (CTC-A:CA) – TD Securities maintained a Hold rating with a $194.00 target price.

Capital Power Corporation (CPX:CA) – CIBC maintained an Outperform rating with an $83.00 target price.

Capstone Copper Corp (CS:CA) – CIBC World Markets lowered its target price to $16.00 from $20.00 and maintained a Neutral rating.

Cenovus Energy Inc. (CVE:CA) – CIBC maintained an Outperform rating with a $32.00 target price.

Cenovus Energy Inc. (CVE:CA) – TD Securities maintained a Buy rating with a $28.00 target price.

Choice Properties REIT (CHP-UN:CA) – TD Securities maintained a Buy rating with a $17.00 target price.

Choice Properties REIT (CHP.UN:CA) – Scotiabank maintained an Outperform rating with a C$16.00 target price.

Chorus Aviation Inc. (CHR:CA) – RBC Capital raised its target price to $35.00 from $31.00 and reiterated an Outperform rating.

CIBC (CM:CA) – Barclays Capital raised its target price to $137.00 from $126.00 and reiterated an Overweight rating.

Cogeco Communications Inc. (CCA:CA) – TD Securities maintained a Buy rating with a $100.00 target price.

Constellation Software Inc. (CSU:CA) – TD Securities raised its target price to $5,300.00 from $4,000.00.

Denison Mines Corp. (DM:CA) – TD Securities maintained a Buy rating with a $6.00 target price.

Discovery Silver Corp. (DSV:CA) – CIBC maintained an Outperform rating with a $15.00 target price.

Dream Impact Trust (MPCT.UN:CA) – ATB Cormark lowered its target price to $3.50 from $4.40 and maintained a Speculative Buy rating.

Dream Industrial REIT (DIR.UN:CA) – Raymond James raised its target price to $15.00 from $14.75 and reiterated an Outperform rating.

Dream Industrial REIT (DIR.UN:CA) – Desjardins raised its target price to $15.50 from $14.50 and reiterated a Buy rating.

Dream Industrial REIT (DIR.UN:CA) – Scotiabank maintained an Outperform rating with a C$15.50 target price.

Equinox Gold Corp. (EQX:CA) – TD Securities maintained a Buy rating with a $26.00 target price.

Equinox Gold Corp. (EQX:CA) – Scotiabank maintained an Outperform rating with a C$26.00 target price.

First Majestic Silver Corp. (AG:CA) – TD Securities maintained a Buy rating

Gibson Energy Inc. (GEI:CA) – Scotiabank maintained a Sector Perform rating with a C$29.00 target price.

Happy Belly Food Group Inc. (HBFG:CA) – Stifel Nicolaus initiated coverage with a Buy rating and a $2.50 target price.

Hemlo Mining Corp. (HMMC:CA) – Scotiabank maintained an Outperform rating with a C$8.00 target price.

iA Financial Corporation Inc. (IAG:CA) – Scotiabank lowered its target price to $174.00 from $188.00, with a Sector Perform rating.

iA Financial Corporation Inc. (IAG:CA) – BMO Capital Markets lowered its target price to $175.00 from $185.00.

IAMGOLD Corp. (IMG:CA) – TD Securities raised its target price to $36.00 from $34.00 and reiterated a Buy rating.

IGM Financial Inc. (IGM:CA) – Scotiabank maintained a Sector Perform rating with a C$69.00 target price.

Ivanhoe Mines Ltd. (IVN:CA) – TD Securities maintained a Buy rating with a $19.00 target price.

Ivanhoe Mines Ltd. (IVN:CA) – Scotiabank maintained an Outperform rating with a C$21.00 target price.

K92 Mining Inc. (KNT:CA) – Scotiabank maintained an Outperform rating with a C$32.00 target price.

Kinross Gold Corporation (K:CA) – Scotiabank maintained an Outperform rating with a $62.00 target price.

KP Tissue Inc. (KPT:CA) – TD Securities maintained a Hold rating with an $11.00 target price.

Lithium Americas Corp. (LAC:CA) – TD Securities maintained a Hold rating with a $5.00 target price.

MTY Food Group Inc. (MTY:CA) – TD Securities maintained a Hold rating with a $37.00 target price.

National Bank (NA:CA) – Barclays Capital raised its target price to $177.00 from $164.00.

Nutrien (NTR:CA) – Scotiabank maintained a Sector Perform rating with a $96.00 target price.

OR Royalties Inc. (OR:CA) – TD Securities maintained a Hold rating with a $67.00 target price.

OR Royalties Inc. (OR:CA) – Scotiabank maintained a Sector Perform rating with a $70.00 target price.

Osisko Metals Inc. (OM:CA) – BMO Capital Markets initiated coverage with an Outperform rating and a $175.00 target price.

Pan American Silver Corp. (PAAS:CA) – TD Securities maintained a Hold rating with an $87.50 target price.

Pan American Silver Corp. (PAAS:CA) – Scotiabank maintained an Outperform rating with an $88.00 target price.

Power Corporation of Canada (POW:CA) – Scotiabank raised its target price to $78.00 from $76.00 and reiterated an Outperform rating.

RioCan REIT (REI-UN:CA) – TD Securities maintained a Buy rating with a $22.00 target price.

RioCan REIT (REI-UN:CA) – TD Securities maintained a Buy rating with a $22.00 target price.

Rogers Communications Inc. (RCI.B:CA) – Scotiabank maintained a Sector Perform rating with a C$57.75 target price.

Royal Bank (RY:CA) – Barclays raised its target price to $244.00 from $227.00.

Sprott Inc. (SII:CA) – TD Securities maintained a Hold rating with a $176.00 target price.

Taseko Mines Ltd. (TKO:CA) – TD Securities maintained a Buy rating with a $12.00 target price.

Teck Resources Ltd. (TECK-B:CA) – TD Securities maintained a Hold rating with a $76 target price.

TFI International Inc. (TFII:CA) – Scotiabank lowered its target price to $165.00.

TFI International Inc. (TFII:CA) – Desjardins Securities raised its target price to $183.00 from $173.00 and reiterated a Buy rating.

TFI International Inc. (TFII:CA) – Scotiabank maintained a Sector Perform rating with a C$165.00 target price.

Topicus.com Inc. (TOI:CA) – TD Securities lowered its target price to $140.00 from $201.00.

Torex Gold Resources Inc. (TXG:CA) – TD Securities maintained a Buy rating with a $96.00 target price.

Torex Gold Resources Inc. (TXG:CA) – Scotiabank maintained an Outperform rating with a C$95.00 target price.

Toronto-Dominion Bank (TD:CA) – Barclays Capital raised its target price to $133.00 from $118.00.

Trican Well Service Ltd. (TCW:CA) – TD Securities maintained a Hold rating with an $7.00 target price.

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