Canadian Analyst Updates: January 6th, 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:
Aritzia Inc. (ATZ:CA) Jefferies & Co. raised its price target to $140.00 from $114.00, reflecting increased confidence in the company’s earnings outlook.
Aritzia Inc. (ATZ:CA) also received a target increase from Desjardins Securities, which lifted its price objective to $133.00 from $125.00 while reiterating a Buy rating, citing continued brand momentum.
AtkinsRéalis Group Inc. (ATRL:CA) had its target lowered by RBC Capital Markets to $123.00 from $125.00, though the firm maintained its Outperform rating, signaling only a modest valuation adjustment.
AutoCanada Inc. (ACQ:CA) RBC Capital Markets reduced its target price to $29.00 from $30.00 while maintaining a Sector Perform rating, reflecting a more balanced risk-reward outlook.
Canada Goose Holdings Inc. (GOOS:CA) received a target increase from Barclays Capital to $16.50 from $15.00, while the firm maintained an Equal-Weight rating as demand trends stabilize.
Canadian Natural Resources Ltd. (CNQ:CA) was assigned an In-Line rating by Evercore Partners along with a $50.00 price target, suggesting more moderate upside expectations.
Kelt Exploration Ltd. (KEL:CA) CIBC World Markets maintained its Outperform rating with an $11.00 price target, reflecting confidence in asset quality and execution.
Kelt Exploration Ltd. (KEL:CA) Scotiabank maintained its Outperform rating with a $10.00 target, reflecting steady operational performance.
Kelt Exploration Ltd. (KEL:CA) was initiated or reiterated by TD Securities with a Buy rating and a $9.50 price target, highlighting valuation support.
Logan Energy Corp. (LGN:CA) TD Securities maintained its Buy rating with a $1.25 price target, reflecting expectations for continued production growth.
Logan Energy Corp. (LGN:CA) also saw Scotiabank maintain an Outperform rating and assign a $1.65 target, pointing to stronger upside potential.
Minto Apartment REIT (MI.UN:CA) received a target increase from National Bank to $18.00 from $15.00 while maintaining a Sector Perform rating, reflecting improving fundamentals.
Minto Apartment REIT (MI.UN:CA) Raymond James raised its price target to $18.00 from $14.25 while maintaining a Market Perform rating.
Minto Apartment REIT (MI.UN:CA) CIBC World Markets lifted its target to $18.00 from $17.00 while maintaining a Neutral rating.
Minto Apartment REIT (MI.UN:CA) received a target increase from Scotiabank to $18.00 from $14.75 while maintaining a Sector Perform rating.
Minto Apartment REIT (MI.UN:CA) Canaccord Genuity raised its target to $18.00 from $15.50 while maintaining a Hold rating.
Precision Drilling Corp. (PD:CA) TD Securities maintained its Hold rating with an $80.00 price target, reflecting cautious near-term expectations.
Precision Drilling Corp. (PD:CA) CIBC World Markets maintained its Outperform rating with a $110.00 target, highlighting leverage to drilling activity.
Richards Group Inc. (RIC:CA) was initiated by Canaccord Genuity with a Buy rating and a $42.00 price target, citing growth potential.
Shopify Inc. (SHOP:CA) was upgraded to Outperform from Peer Perform by Wolfe Research, reflecting improved confidence in long-term revenue growth.
Spartan Delta Corp. (SDE:CA) TD Securities raised its target to $9.50 from $7.50 while maintaining a Buy rating.
Spartan Delta Corp. (SDE:CA) BMO Capital Markets increased their target to $9.00 from $7.50, reflecting improved cash flow visibility.
Spartan Delta Corp. (SDE:CA) received a target increase from Ventum Financial to $9.00 from $7.00 while maintaining a Buy rating.
Spartan Delta Corp. (SDE:CA) National Bank lifedt its target to $9.00 from $7.50 while maintaining an Outperform rating.
Spartan Delta Corp. (SDE:CA) Desjardins Securities raised its target to $8.50 from $8.00 while maintaining a Hold rating.
Spartan Delta Corp. (SDE:CA) Scotiabank maintained its Outperform rating with an $8.00 target.
StorageVault Canada Inc. (SVI:CA) Scotiabank maintained its Outperform rating with a $6.00 price target, reflecting stable operating performance.
Suncor Energy Inc. (SU:CA) TD Securities maintained its Buy rating with a $73.00 price target, reflecting strong cash flow generation.
Suncor Energy Inc. (SU:CA) Scotiabank maintained an Underperform rating with a $62.00 target, reflecting relative valuation concerns.
Suncor Energy Inc. (SU:CA) CIBC World Markets maintained its Outperform rating with a $70.00 target.
Trisura Group Ltd. (TSU:CA) TD Securities maintained its Buy rating with a $55.00 price target, reflecting confidence in underwriting performance.
Whitecap Resources Inc. (WCP:CA) Scotiabank maintained its Outperform rating with a $14.00 price target, reflecting solid free cash flow prospects.
Whitecap Resources Inc. (WCP:CA) CIBC World Markets maintained its Outperform rating with a $13.50 target price.
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