Canadian Analyst Updates: Nov 7th, 2025
Analyst Ratings (Canada)
The following are today’s 150 latest analyst ratings tracked from multiple analysts for Canadian listed and traded stocks for Friday November 7th, 2025:
AirBoss of America Corp. (BOS:CA): TD Securities raised its target price to $6.50 from $6.00 and maintained a Buy rating.
Alaris Equity Partners Income Trust (AD.UN:CA): Raymond James increased its target price to $26.00 from $25.00 with an Outperform rating, while RBC Capital raised its target to $21.00 from $20.00 and maintained a Sector Perform rating.
Altus Group Ltd. (AIF:CA): TD Securities lowered its target to $67.00 from $70.00 while maintaining a Buy rating. RBC Capital cut its target to $56.00 from $58.00 and kept a Sector Perform rating. CIBC World Markets raised its target to $54.00 from $53.00 with a Neutral rating. National Bank reduced its target sharply to $52.00 from $74.00 and maintained a Sector Perform.
ARC Resources Ltd. (ARX:CA): TD Securities maintained its Buy rating with a $30.00 target. Scotiabank lowered its target to $30.00 from $36.00 and rated the stock Sector Perform, while National Bank also cut its target to $30.00 from $33.00 but kept an Outperform rating.
Badger Infrastructure Solutions Ltd. (BDGI:CA): TD Securities raised its target to $83.00 from $70.00 with a Buy rating, and CIBC World Markets increased its target to $82.00 from $71.00.
BCE Inc. (BCE:CA): TD Securities cut its target price to $38.00 from $39.00 but kept a Buy rating. Desjardins Securities raised its target to $42.00 from $41.00 with a Sector Perform rating. Scotiabank maintained an Outperform rating with a $41.50 target.
Bombardier Inc. (BBD.B:CA): TD Securities lifted its target to $197.00 from $181.00 while maintaining a Hold rating. Scotiabank raised its target to $230.00 from $190.00 with an Outperform rating. Desjardins increased its target to $239.00 from $236.00 and maintained a Buy rating. National Bank boosted its target to $234.00 from $216.00 and rated Outperform, while CIBC World Markets increased to $230.00 from $222.00.
Brookfield Business Partners LP (BBU.UN:CA): National Bank raised its target to $60.00 with an Outperform rating, and Scotiabank maintained an Outperform rating with a $55.00 target.
BSR REIT (HOM.U:CA): TD Securities maintained a Buy rating with a $16.00 target.
Canadian Natural Resources Ltd. (CNQ:CA): Scotiabank maintained an Outperform rating with a $58.00 target, while National Bank increased its target to $48.00 from $45.00 and rated it Sector Perform.
Canadian Tire Corporation Ltd. (CTC.A:CA): TD Securities raised its target to $194.00 from $183.00 with a Hold rating. Scotiabank lifted its target to $155.00 from $150.00 while keeping an Underperform rating. National Bank boosted its target to $197.00 from $185.00 with a Sector Perform rating.
Canfor Corp. (CFP:CA): TD Securities maintained a Buy rating with a $15.00 target.
Cascades Inc. (CAS:CA): TD Securities raised its target to $14.00 from $12.00 with a Buy rating. Scotiabank maintained an Outperform rating at $12.00. Desjardins increased its target to $13.50 from $10.50 and rated Hold, while RBC Capital raised its target to $14.00 from $13.00 and kept an Outperform rating. CIBC World Markets also lifted its target to $13.00 with a Neutral rating.
Chartwell Retirement Residences (CSH.UN:CA): Scotiabank maintained an Outperform rating with a $22.00 target.
Cineplex Inc. (CGX:CA): Scotiabank raised its target to $13.00 from $12.75 with an Outperform rating.
Crombie REIT (CRR.UN:CA): Scotiabank increased its target to $17.00 from $16.50 and maintained an Outperform rating.
Definity Financial Corp. (DFY:CA): TD Securities upgraded the stock to Buy with a target of $80.00, while Scotiabank maintained a Sector Perform rating with a $76.00 target. National Bank lifted its target slightly to $93.00 from $92.00.
Dentalcorp Holdings Ltd. (DNTL:CA): TD Securities maintained a Sell rating with an $11.00 target.
Dream Office REIT (D.UN:CA): Scotiabank maintained a Sector Perform rating with an $18.00 target.
Enerflex Ltd. (EFX:CA): TD Securities raised its target to $23.00 from $19.00 with a Buy rating. Raymond James increased its target to $24.00 from $20.00 with an Outperform rating. ATB Capital also lifted its target to $23.00 from $19.50 with an Outperform rating. National Bank raised its target to $24.00 from $17.50 with a Sector Perform rating.
Equinox Gold Corp. (EQX:CA): Scotiabank upgraded the stock to Outperform with a $19.00 target.
Ero Copper Corp. (ERO:CA): Scotiabank raised its target to $36.00 from $33.00 and maintained an Outperform rating.
Fairfax Financial Holdings Ltd. (FFH:CA): Scotiabank maintained an Outperform rating with a $3,050.00 target.
Goeasy Ltd. (GSY:CA): TD Securities reduced its target to $160.00 from $210.00 but maintained a Buy rating, while RBC Capital cut its target to $156.00 from $194.00.
Granite REIT (GRT.UN:CA): TD Securities maintained a Buy rating with a target of $88.00, while Scotiabank raised its target to $90.00 from $85.00 and kept an Outperform rating.
Great-West Lifeco Inc. (GWO:CA): Scotiabank lifted its target to $68.00 from $61.00 and maintained an Outperform rating. CIBC World Markets also increased its target to $67.00 from $65.00.
Kinaxis Inc. (KXS:CA): TD Securities increased its target to $229.00 from $225.00 with a Buy rating, while Scotiabank maintained an Outperform rating with a $240.00 target.
Lightspeed Commerce Inc. (LSPD:CA): TD Securities raised its target to $21.00 from $20.00 with a Hold rating, and Scotiabank maintained a Sector Perform rating at $17.00.
Lundin Mining Corp. (LUN:CA): TD Securities increased its target to $28.00 from $26.00 with a Buy rating, while Scotiabank lifted its target to $25.00 from $23.00 and kept an Outperform rating.
Nutrien Ltd. (NTR:CA): TD Securities maintained a Buy rating with a $72.00 target.
Pembina Pipeline Corp. (PPL:CA): TD Securities lowered its target to $65.00 from $66.00 but maintained a Buy rating, while Scotiabank kept an Outperform rating with a $63.00 target.
Quebecor Inc. (QBR.B:CA): TD Securities raised its target to $52.00 from $49.00 with a Buy rating, and Scotiabank maintained a Sector Perform rating with a $43.50 target. CIBC World Markets lifted its target to $54.00 from $49.00.
Sun Life Financial Inc. (SLF:CA): Scotiabank lifted its target to $87.00 from $83.00 with a Sector Perform rating, while CIBC World Markets reduced its target slightly to $93.00 from $94.00.
TC Energy Corp. (TRP:CA): TD Securities cut its target to $80.00 from $81.00 but maintained a Buy rating. Scotiabank raised its target to $81.00 from $80.00 and rated Outperform. RBC Capital boosted its target to $84.00 from $74.00, while CIBC World Markets lifted its target to $78.00 from $77.00 and maintained an Outperform rating.
Teck Resources Ltd. (TECK.B:CA): Scotiabank cut its target to $65.00 from $69.00 and kept a Sector Perform rating.
TransAlta Corp. (TA:CA): TD Securities reduced its target to $26.00 from $27.00 with a Buy rating, while Scotiabank maintained an Outperform rating with a $27.00 target.
WSP Global Inc. (WSP:CA): Scotiabank maintained an Outperform rating with a $308.00 target. National Bank raised its target to $299.00 from $297.00 and rated Outperform, while Desjardins lowered its target to $306.00 from $313.00 with a Buy rating. RBC Capital cut its target to $316.00 from $318.00, and CIBC World Markets lowered its target to $342.00 from $349.00.
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