Canadian Analyst Updates: February 17th, 2026

Analyst Ratings (Canada)

The following are today’s 92 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:

Agnico Eagle Mines Limited (AEM:CA) – Scotiabank raised the target to $380 from $375.

Agnico Eagle Mines Limited (AEM:CA) – TD Securities raised the target to $251 from $241 and maintained the Buy rating.

Air Canada (AC:CA) – CIBC raised the target to $25 from $24 and maintained the Outperform rating.

Air Canada (AC:CA) – Stifel Nicolaus raised the target to $28 from $24 and maintained the Buy rating.

Air Canada (AC:CA) – National Bank raised the target to $25 from $24 and maintained the Sector Perform rating.

Air Canada (AC:CA) – Scotiabank raised the target to $27 from $26.50 and maintained the Outperform rating.

Air Canada (AC:CA) – Raymond James raised the target and maintained the Market Perform rating.

Alithya Group Inc. (ALYA:CA) – Scotiabank lowered the target to $2.00 from $3.00.

Bank of Montreal (BMO:CA) – National Bank raised the target to $186 from $181 and maintained the Sector Perform rating.

Bank of Montreal (BMO:CA) – Raymond James raised the target to $214 from $183 and maintained the Outperform rating.

Bank of Nova Scotia (BNS:CA) – National Bank raised the target to $102 from $100 and maintained the Sector Perform rating.

Bank of Nova Scotia (BNS:CA) – Raymond James raised the target to $114 from $109 and maintained the Outperform rating.

BCE Inc. (BCE:CA) – TD Securities raised the target to $40 from $38 and maintained the Buy rating.

CAE Inc. (CAE:CA) – TD Securities raised the target to $54 from $53 and maintained the Buy rating.

CAE Inc. (CAE:CA) – Scotiabank lowered the target to $56 from $57.

CAE Inc. (CAE:CA) – CIBC maintained the Outperform rating with a $56 target.

Cameco Corp. (CCO:CA) – Canaccord Genuity raised the target to $185 from $190.

Cameco Corp. (CCO:CA) – RBC Capital raised the target to $160 from $150 and maintained the Outperform rating.

Cameco Corp. (CCO:CA) – Scotiabank raised the target to $150 from $155 and maintained the Outperform rating.

Cameco Corp. (CCO:CA) – Raymond James raised the target to $175 from $180 and maintained the Outperform rating.

Cameco Corporation (CCO:CA) – Scotiabank lowered the target to $150 from $155.

Canadian Apartment Properties REIT (CAR.UN:CA) – TD Securities raised the target to $46 from $47 and maintained the Buy rating.

Canadian Imperial Bank of Commerce (CM:CA) – Raymond James raised the target to $135 from $122 and maintained the Market Perform rating.

Canadian Imperial Bank of Commerce (CM:CA) – National Bank raised the target to $131 from $128 and maintained the Sector Perform rating.

CAP REIT (CAR.UN:CA) – Scotiabank lowered the target to $43 from $45.

Chorus Aviation (CHR:CA) – CIBC lowered the target to $30 from $31 and maintained the Outperform rating.

Chorus Aviation Inc. (CHR:CA) – Scotiabank raised the target to $30 from $26 and maintained the Outperform rating.

Chorus Aviation Inc. (CHR:CA) – National Bank raised the target to $28 from $29 and maintained the Outperform rating.

Chorus Aviation Inc. (CHR:CA) – Stifel Nicolaus raised the target to $32 from $31 and maintained the Buy rating.

Chorus Aviation Inc. (CHR:CA) – Scotiabank raised the target to $30 from $26.

Colliers International Group Inc. (CIGI:CA) – Scotiabank raised the target to C$211 from C$251 and maintained the Outperform rating.

Colliers International Group Inc. (CIGI:CA) – National Bank raised the target to C$217 from C$251 and maintained the Outperform rating.

Colliers International Group Inc. (CIGI:CA) – RBC Capital raised the target to C$244 from C$258 and maintained the Outperform rating.

Colliers International Group Inc. (CIGI:CA) – Stifel Nicolaus raised the target to C$238 from C$265 and maintained the Buy rating.

Colliers International Group Inc. (CIGI:CA) – Raymond James raised the target to C$251 from C$272 and maintained the Strong Buy rating.

D2L Inc. (DTOL:CA) – CIBC lowered the target to $15 from $20 and maintained the Outperform rating.

Darling Ingredients Inc. (DAR:US) – Scotiabank raised the target to $83 from $61.

Definity Financial Corporation (DFY:CA) – Scotiabank lowered the target to $77 from $80.

Enbridge Inc. (ENB:CA) – TD Securities raised the target to $72 from $70 and maintained the Hold rating.

Enbridge Inc. (ENB:CA) – Jefferies raised the target to $76 from $71 and maintained the Hold rating.

Enbridge Inc. (ENB:CA) – National Bank raised the target to $72 from $71 and maintained the Sector Perform rating.

Enbridge Inc. (ENB:CA) – ATB Cormark raised the target to $78 from $72 and maintained the Outperform rating.

Enbridge Inc. (ENB:CA) – RBC Capital raised the target to $76 from $72 and maintained the Outperform rating.

Enbridge Inc. (ENB:CA) – Scotiabank raised the target to $77 from $73 and maintained the Outperform rating.

Enbridge Inc. (ENB:CA) – Raymond James raised the target to $77 from $75 and maintained the Outperform rating.

Enbridge Inc. (ENB:CA) – Scotiabank raised the target to $77 from $73.

EQB Inc. (EQB:CA) – National Bank raised the target to $111 from $98 and maintained the Sector Perform rating.

Finning International Inc. (FTT:CA) – Scotiabank raised the target to $105 from $92 and maintained the Outperform rating.

Finning International Inc. (FTT:CA) – TD Securities raised the target to $104 from $100 and maintained the Buy rating.

Finning International Inc. (FTT:CA) – Scotiabank raised the target to $105 from $92.

First Quantum Minerals Ltd. (FM:CA) – Barclays cut the target to $42.90 from $44.20.

H&R REIT (HR.UN:CA) – TD Securities cut the target to $11.50 from $12.00 and maintained the Buy rating.

IGM Financial Inc. (IGM:CA) – TD Securities raised the target to $76 from $73 and maintained the Buy rating.

Interfor Corporation (IFP:CA) – TD Securities raised the target to $13 from $11 and maintained the Hold rating.

Interfor Corporation (IFP:CA) – Scotiabank raised the target to $15 from $14.

Interfor Corporation (IFP:CA) – CIBC maintained the Underperform rating with a $10 target.

IsoEnergy Ltd. (ISO:CA) – TD Securities raised the target to $18 and maintained the Buy rating.

Killam Apartment REIT (KMP.UN:CA) – Scotiabank lowered the target to $19.50 from $20.00.

Lumine Group Inc. (LMN:CA) – TD Securities raised the target to $36 from $48 and maintained the Buy rating.

Lundin Mining Corp. (LUN:CA) – National Bank raised the target to $40 and maintained the Sector Perform rating.

Magna International Inc. (MG:CA) – Raymond James raised the target to C$102.00 from C$68.00 and maintained the Market Perform rating.

Magna International Inc. (MG:CA) – RBC Capital raised the target to C$80 from C$65 and maintained the Sector Perform rating.

Magna International Inc. (MG:CA) – Scotiabank raised the target to C$93 from C$77.50 and maintained the Sector Perform rating.

Magna International Inc. (MG:CA) – TD Securities raised the target to C$102 from C$79 and maintained the Buy rating.

Magna International Inc. (MG:CA) – Scotiabank raised the target to C$94 from C$77.

National Bank of Canada (NA:CA) – Raymond James raised the target to $179 from $173 and maintained the Market Perform rating.

Pembina Pipeline Corp. (PPL:CA) – TD Securities raised the target to $62 from $59 and maintained the Hold rating.

Primaris REIT (PMZ.UN:CA) – Scotiabank raised the target to $18.75 from $17.50.

Royal Bank of Canada (RY:CA) – National Bank raised the target to $241 from $235 and maintained the Outperform rating.

Royal Bank of Canada (RY:CA) – Raymond James raised the target to $248 from $239 and maintained the Outperform rating.

SmartCentres REIT (SRU.UN:CA) – Scotiabank raised the target to $27.50 from $27.00.

South Bow Corporation (SOBO:CA) – CIBC maintained the Neutral rating with a $38 target.

TC Energy Corp. (TRP:CA) – Raymond James raised the target to $74 from $71 and maintained the Market Perform rating.

TC Energy Corp. (TRP:CA) – ATB Cormark raised the target to $80 from $73 and maintained the Sector Perform rating.

TC Energy Corp. (TRP:CA) – CIBC World Markets raised the target to $85 from $81 and maintained the Neutral rating.

TC Energy Corp. (TRP:CA) – RBC Capital raised the target to $92 from $84 and maintained the Outperform rating.

TC Energy Corp. (TRP:CA) – TD Securities raised the target to $88 from $84 and maintained the Hold rating.

TC Energy Corp. (TRP:CA) – National Bank raised the target to $86 from $85 and maintained the Sector Perform rating.

TC Energy Corp. (TRP:CA) – Scotiabank raised the target to $93 from $86 and maintained the Outperform rating.

TC Energy Corp. (TRP:CA) – CIBC downgraded the stock to Neutral and set a $85 target.

TC Energy Corp. (TRP:CA) – Jefferies raised the target to $88 from $80.

TELUS Corporation (T:CA) – Scotiabank raised the target to $23 from $22.

Toromont Industries Ltd. (TIH:CA) – TD Securities raised the target to $228 from $195 and maintained the Buy rating.

Toronto-Dominion Bank (TD:CA) – Raymond James raised the target to $138 from $122 and maintained the Market Perform rating.

Toronto-Dominion Bank (TD:CA) – National Bank raised the target to $138 from $134 and maintained the Outperform rating.

Wheaton Precious Metals Corp. (WPM:CA) – Canaccord Genuity raised the target to $235 from $220.

Wheaton Precious Metals Corp. (WPM:CA) – CIBC maintained the Outperform rating with a $293 target.

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