Canadian Analyst Coverage Update: Sept 17th, 2025

Analyst Update (Canada)
Adentra Inc. (ADEN:CA) had its Outperform rating maintained by CIBC with a target price of C$42.00.
Arizona Sonoran Copper Company Inc. (ASCU:CA) had its Outperform rating maintained by TD Securities with a target of C$3.75, while Morningstar maintained a Hold rating with a target of C$2.18.
Canadian Apartment Properties REIT (CAR-UN:CA) had its Buy rating maintained by TD Securities with a target of C$52.00.
Canadian Tire Corp Ltd (CTC-A:CA) had its Hold rating maintained by Morningstar with a target of C$178.00.
Cargojet Inc. (CJT:CA) had its Buy rating maintained by TD Securities with a target of C$160.00, while Morningstar maintained a Hold rating with a reduced target of C$122.00.
Dollarama Inc. (DOL:CA) was rated Outperform by Bernstein with a target of C$220.00.
FirstService Corp. (FSV:CA) had its Hold rating maintained by TD Securities with a target of C$286.00, while Morningstar maintained an Underperform rating with a target of C$242.00.
Goeasy Ltd. (GSY:CA) had its Sector Perform rating maintained by TD Securities with a target of C$235.00, while Morningstar maintained a Buy rating with a target of C$252.00.
High Tide Inc. (HITI:CA) had its Buy rating maintained by Ventum Financial with a higher target of C$9.00 from $8.00.
Highland Silver Corp. (HSLV:CA) was rated Outperform by National Bank with a higher target of C$4.00 from $3.50.
Ivanhoe Mines Ltd. (IVN:CA) had its Buy rating maintained by TD Securities with a target of C$13.00, while Morningstar maintained a Hold rating at the same target of C$13.00.
Lightspeed Commerce Inc. (LSPD:CA) was rated Outperform by RBC Capital with a target of C$20.50.
Quebecor Inc. (QBR-B:CA) was rated Outperform by National Bank with a higher target of C$45.00, from $42.00..
Teck Resources Ltd. (TECK-B:CA) had its Buy rating reiterated and target raised to C$63.00 from $60.00 by TD Securities, while CIBC maintained a Neutral rating with a C$57.00 target and Morningstar maintained a Hold rating with a C$55.00 target.
TFI International Inc. (TFII:CA) had its Outperform rating maintained by CIBC World Markets, but the target was cut to C$150.00 from $151.00.
TMX Group Ltd. (X:CA) Morningstar maintained a Sell rating with a target of C$48.00, and Scotiabank upgraded the stock to Outperform with a target of C$70.00.
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