Canadian Analyst Updates: April 20th, 2026

Analyst Ratings (Canada)

Today’s analyst updates are moderately bullish with more target price increases than decreases, indicating improving expectations, particularly in commodities and real estate, where mining companies and REITs saw frequent upward revisions and maintained Outperform ratings. Financials appear stable with modest optimism, while consumer-facing and cyclical names like BRP and Air Canada show more caution, reflected in multiple target cuts. Overall, sentiment is positive but measured, with strength concentrated in select sectors rather than broad-based across the market.

45 Analyst Updates

Agnico-Eagle (AEM:CA) had its target price lowered to $414 by CIBC, which maintained an Outperform rating.

Air Canada (AC:CA) had its target price lowered to $21 from $23 by TD.

ATKINSRÉALIS Group (ATRL:CA) was maintained at Outperform by CIBC with a $125 target price.

Atco Ltd (ACO.X:CA) had its target price raised to $82 from $72 by CIBC.

Barrick Gold (ABX:CA) had its target price lowered to $86 by CIBC, which maintained an Outperform rating.

Barrick Mining (ABX:CA) had its target price raised to $91 from $86 by Bernstein.

Bird Construction (BDT:CA) had its target price raised to $48 from $38 by ATB Cormark, which maintained an Outperform rating.

Blue Moon Metals (MOON:CA) had its target price raised to $13.50 from $10 by ATB Cormark, which maintained a Speculative Buy rating.

Boardwalk REIT (BEI.UN:CA) had its target price lowered to $80 from $81 by National Bank, which maintained an Outperform rating.

Brookfield Corp. (BN:CA) had its target price raised to $86 from $82 by RBC, which maintained an Outperform rating.

Brookfield Infrastructure Partners (BIP-UN:CA) was maintained at Buy by TD Securities with a $78 target price.

BRP Inc. (DOO:CA) had its target price lowered to $107 from $124 by RBC, which maintained an Outperform rating.

BRP Inc. (DOO:CA) had its target price lowered to $102 from $119 by Citigroup, which maintained a Buy rating.

Canadian Utilities (CU:CA) had its target price raised to $51 from $47 by CIBC.

Cascades (CAS:CA) was maintained at Neutral by CIBC with a $14 target price.

Celestica (CLS:CA) had its target price raised to $478 from $450 by TD, which maintained a Hold rating.

Choice Properties REIT (CHP.UN:CA) had its target price raised to $16.50 from $16 by National Bank, which maintained a Sector Perform rating.

Cogeco (CCO:CA) had its target price lowered to $200 by CIBC, which maintained an Outperform rating.

Definity Financial (DFY:CA) was maintained at Neutral by CIBC with a $74 target price.

Dream Office REIT (D.UN:CA) had its target price lowered to $19 from $19.50 by National Bank, which maintained a Sector Perform rating.

Endeavour Silver (EDV:CA) had its target price raised to $119 from $117 by CIBC, which maintained an Outperform rating.

Equinox Gold (EQX:CA) had its target price lowered to $31 from $32 by CIBC, which maintained an Outperform rating.

Fairfax Financial (FFH:CA) had its target price raised to $2,261 from $2,234 by RBC, which maintained an Outperform rating.

First Quantum (FM:CA) had its target price raised to $44.60 from $42.90 by Barclays.

G Mining Ventures (GMIN:CA) had its target price raised to $62 from $60 by CIBC, which maintained an Outperform rating.

GO Residential REIT (GO.U:CA) was assigned an Outperform rating by National Bank with a $13.50 target price.

Granite REIT (GRT.UN:CA) had its target price raised to $110 from $102.50 by National Bank, which maintained an Outperform rating.

H&R REIT (HR.UN:CA) was assigned an Outperform rating by National Bank with a $12 target price.

Hudbay Minerals (HBM:CA) had its target price raised to $46 from $42 by CIBC, which maintained an Outperform rating.

Intact Financial (IFC:CA) was maintained at Neutral by CIBC with a $288 target price.

K2 Gold (KTO:CA) was assigned a Speculative Buy rating by ATB Cormark with a $2.25 target price.

Lundin Mining (LUN:CA) had its target price raised to $41 from $39 by CIBC, which maintained a Neutral rating.

Nutrien (NTR:CA) had its target price raised to $102 by Scotiabank.

Onex (ONEX:CA) had its target price raised to $136 from $133 by RBC, which maintained a Sector Perform rating.

PrairieSky Royalty (PSK:CA) was maintained at Buy by TD Securities with a $36 target price.

PrairieSky Royalty (PSK:CA) had its target price raised to $32.75 from $31.75 by CIBC, which maintained a Neutral rating.

RioCan REIT (REI.UN:CA) had its target price raised to $24 from $22.75 by National Bank, which maintained an Outperform rating.

Sienna Senior Living (SIA:CA) had its target price raised to $27.50 from $24.50 by National Bank, which maintained an Outperform rating.

South Bow Corp. (SOBO:CA) was initiated with a Sell rating and a $39 target price by Goldman Sachs.

South Bow Corp. (SOBO:CA) was maintained at Sector Perform by TD Securities with a $46.50 target price.

StorageVault Canada (SVI:CA) had its target price raised to $6.25 by National Bank, which maintained an Outperform rating.

Superior Plus (SPB:CA) was maintained at Neutral by CIBC with an $8 target price.

TC Energy (TRP:CA) had its target price raised to $84.50 from $72 by Goldman Sachs, which maintained a Neutral rating.

TransAlta (TA:CA) was maintained at Outperform by CIBC with a $24 target price.

The post Canadian Analyst Updates: April 20th, 2026 appeared first on Stock Target Advisor.