Canadian Analyst Updates: January 30th, 2026
Analyst Ratings (Canada)
The following are today’s 33 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.
Bombardier Inc. (BBD.B:CA) Desjardins Securities maintained its Buy rating with a $260.00 price target, while Scotiabank also maintained a Sector Perform rating with a $295.00 target.
Brookfield Infrastructure Partners (BIP-UN:CA) RBC Capital raised its price target to $56.00 from $54.50 while maintaining an Outperform rating, TD Securities increasing its target to $77.50 from $75.00 with a Buy rating, and Scotiabank maintaining an Outperform rating with a $60.00 target.
Canadian National Railway (CNR:CA) CIBC World Markets maintained its Outperform rating with a $154.00 price target.
Celestica Inc. (CLS:CA) TD Securities raised its price target to $450.00 from $415.00, while maintaining a Hold rating.
Champion Iron Ltd. (CIA:CA) Scotiabank maintaining an Outperform rating and a $6.50 price target.
Coveo Solutions Inc. (CVO:CA) faced a more cautious outlook as TD Securities lowered its price target to $9.50 from $12.00, and maintained a Buy rating.
Definity Financial Corp. (DFY:CA) Scotiabank raised its price target to $80.00 from $65.00, reflecting strengthening fundamentals.
Docebo Inc. (DCBO:CA) saw a softer outlook as Scotiabank lowered its price target to $43.50, while maintaining an Outperform rating.
Element Fleet Management (EFN:CA) had its valuation trimmed, with Scotiabank lowering its price target to $41.00.
Endeavour Mining (EDV:CA) Scotiabank maintained an Outperform rating with a $90.00 price target.
Fairfax Financial Holdings (FFH:CA) Scotiabank raised its price target to $3,150 from $3,050, reflecting confidence in earnings durability.
Fiera Capital (FSZ:CA) faced downward revisions as Scotiabank lowered its price target to $7.00.
Firan Technology Group (FTG:CA) Raymond James raised its price target to $17.50 from $15.00 while maintaining an Outperform rating.
Galiano Gold (GAU:CA) Scotiabank reiterated a Sector Perform rating with a $4.75 target.
Goeasy Ltd. (GSY:CA) Scotiabank lowered its price target to $210.00 from $225.00.
Hemlo Mining Corp. (HMMC:CA) Scotiabank maintained an Outperform rating with an $8.00 target.
IGM Financial (IGM:CA) Scotiabank raised its price target to $69.00.
Imperial Oil (IMO:CA) CIBC World Markets maintained an Underperform rating with a $110.00 target.
Intact Financial (IFC:CA) Scotiabank raised its price target to $320.00.
Open Text Corporation (OTEX:CA) Scotiabank maintained an Outperform rating with a $68.00 target.
Rogers Communications (RCI.B:CA) Canaccord Genuity raised its target to $57.00 from $55.00 keeping their Buy rating. TD Securities lifted its target to $67.00 from $64.00 and maintained their Buy rating, while Scotiabank maintained a Sector Perform rating with a $57.75 target.
Saputo Inc. (SAP:CA) CIBC World Markets raised its price target to $44.00 from $40.00.
Shopify Inc. (SHOP:CA) CIBC World Markets maintained an Outperform rating and a $272.00 price target.
SSR Mining (SSRM:CA) Scotiabank maintained an Outperform rating with a $45.00 target.
Trisura Group (TSU:CA) Scotiabank raised its price target to $53.00.
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