Canadian Analyst Updates: Nov 10th, 2025

Algonquin Power & Utilities Corp. [AQN:CA] – TD Securities raised its target to $9.00 from $8.50 while maintaining a HOLD rating.

Allied Gold Corp [AAUC:CA] – Stifel Nicolaus raised its target to $35.00 from $25.00.

Allied Gold Corp [AAUC:CA] – CIBC World Markets lowered its target to $36.00 from $37.00.

AltaGas Ltd. [ALA:CA] – TD Securities maintained a BUY rating with a target of $48.00.

Altus Group Limited [AIF:CA] – Scotiabank lowered its target to $56.00 from $63.00.

Altus Group Ltd [AIF:CA] – TD Securities lowered its target to $67.00 from $70.00.

Altus Group Ltd [AIF:CA] – CIBC World Markets lowered its target to $54.00 from $63.00.

Altus Group Ltd [AIF:CA] – BMO Capital Markets lowered its target to $56.00 from $62.00.

ARC Resources Ltd [ARX:CA] – Scotiabank downgraded to SECTOR PERFORM with a target of $30.00 from $36.00.

ARC Resources Ltd [ARX:CA] – Jefferies & Co lowered its target to $28.00 from $30.00.

ATCO Ltd [ACO.X:CA] – RBC Capital raised its target to $59.00 from $53.00.

ATCO Ltd [ACO.X:CA] – CIBC World Markets raised its target to $67.00 from $64.00.

ATCO Ltd. [ACO.X:CA] – Scotiabank raised its target to $56.00 from $55.00.

Atex Resources Inc [ATX:CA] – BMO Capital Markets set a target of OUTPERFORM at $4.00.

Badger Infrastructure Solutions Ltd [BDGI:CA] – TD Securities raised its target to $83.00 from $70.00.

Badger Infrastructure Solutions Ltd [BDGI:CA] – Stifel Nicolaus raised its target to $88.00 from $86.00.

Badger Infrastructure Solutions Ltd [BDGI:CA] – CIBC World Markets raised its target to $82.00 from $71.00.

Bank of Montreal [BMO:CA] – TD Securities raised its target to $182.00 from $170.00.

Bombardier [BBD.B:CA] – CIBC World Markets raised its target to $230.00 from $222.00.

Bombardier [BBD.B:CA] – BMO Capital Markets raised its target to $240.00 from $225.00.

Boralex Inc [BLX:CA] – RBC Capital lowered its target to $36.00 from $38.00.

Boralex Inc [BLX:CA] – Raymond James maintained its target at $38.00.

Boralex Inc [BLX:CA] – CIBC World Markets maintained its target at $38.00.

Boralex Inc. [BLX:CA] – TD Securities maintained a BUY rating at $38.00.

Brookfield Asset Management Ltd. [BAM:CA] – TD Securities raised its target to $107.00 from $105.00 with a BUY rating.

Brookfield Asset Management Ltd. [BAM:CA] – Scotiabank cuts its target to $92 from $94.00

Brookfield Corp. [BN:CA] – TD Securities raised its target to $80.00 from $78.00 with a BUY rating.

Brookfield Infrastructure Partners L.P. [BIP:CA] – TD Securities raised its target to $55.00 from $53.00 with a BUY rating.

Canadian Apartment Properties REIT [CAR.UN:CA] – TD Securities lowered its target to $69.00 from $73.00 with a BUY rating.

Canadian Natural Resources Ltd [CNQ:CA] – TD Securities raised its target to $54.00 from $53.00.

Canadian Natural Resources Ltd [CNQ:CA] – Raymond James raised its target to $56.00 from $55.00.

Canadian Natural Resources Ltd. [CNQ:CA] – TD Securities raised its target to $54.00 from $53.00 with a BUY rating.

Canadian Tire Corporation [CTC.A:CA] – Desjardins Securities raised its target to $190.00 from $185.00.

Canadian Tire Corporation [CTC.A:CA] – CIBC World Markets raised its target to $189.00 from $181.00.

Canadian Tire Corporation [CTC.A:CA] – BMO Capital Markets raised its target to $180.00 from $175.00.

Canadian Utilities Ltd [CU:CA] – CIBC World Markets raised its target to $43.00 from $42.00.

Canadian Utilities Ltd [CU:CA] – BMO Capital Markets raised its target to $44.00 from $42.00.

Canfor Corporation [CFP:CA] – Scotiabank lowered its target to $13.00 from $14.00.

Canfor Pulp Products Inc. [CFX:CA] – Scotiabank lowered its target to $0.55 from $0.85.

Canopy Growth Corp [WEED:CA] – Benchmark upgraded its rating to HOLD.

Capreit [CAR.UN:CA] – TD Securities lowered its target to $49.00 from $52.00.

Capreit [CAR.UN:CA] – CIBC World Markets lowered its target to $45.00 from $50.00.

Cargojet Inc [CJT:CA] – Stifel Nicolaus lowered its target to $100.00 from $120.00.

Cargojet Inc [CJT:CA] – Raymond James lowered its target to $95.00 from $132.00.

Cascades Inc [CAS:CA] – Scotiabank raised its target to $13.50 from $12.00.

Cascades Inc [CAS:CA] – CIBC World Markets raised its target to $13.00 from $12.00.

Cascades Inc. [CAS:CA] – Scotiabank raised its target to $13.50 from $12.00.

Cenovus Energy Inc [CVE:CA] – RBC Capital raised its target to $30.00 from $26.00.

Chartwell Retirement Residences [CSH.UN:CA] – TD Securities raised its target to $23.00 from $22.00 with a BUY rating.

Chartwell Retirement Residences [CSH.UN:CA] – Scotiabank raised its target to $24.00 from $22.00.

Chartwell Retirement Residences [CSH.UN:CA] – Canaccord Genuity raised its target to $22.50 from $21.00.

Choice Properties REIT [CHP.UN:CA] – TD Securities raised its target to $16.50 from $16.00 with a BUY rating.

Chorus Aviation Inc [CHR:CA] – TD Securities raised its target to $31.00 from $30.00.

Chorus Aviation Inc [CHR:CA] – CIBC World Markets lowered its target to $32.00 from $33.00.

Chorus Aviation Inc [CHR:CA] – BMO Capital Markets raised its target to $28.00 from $26.25.

CIBC [CM:CA] – TD Securities raised its target to $124.00 from $117.00.

Cineplex Inc [CGX:CA] – TD Securities raised its target to $17.00 from $16.00.

Constellation Software [CSU:CA] – RBC Capital lowered its target to $5,600.00 from $6,000.00.

Constellation Software [CSU:CA] – Raymond James lowered its target to $4,300.00 from $5,250.00.

Constellation Software [CSU:CA] – BMO Capital Markets lowered its target to $4,600.00 from $5,400.00.

Constellation Software [CSU:CA] – TD Securities lowered its target to $5,300.00 from $5,700.00.

Constellation Software [CSU:CA] – Jefferies & Co lowered its target to $4,500.00 from $5,850.00.

Crombie REIT [CRR.UN:CA] – TD Securities raised its target to $16.50 from $16.00 with a BUY rating.

Definity Financial Corp [DFY:CA] – TD Securities raised its target to $80.00 from $74.00.

Definity Financial Corp [DFY:CA] – National Bank raised its target to $93.00 from $92.00.

Definity Financial Corp [DFY:CA] – BMO Capital Markets raised its target to $73.00 from $68.00.

Denison Mines Corp. [DML:CA] – TD Securities maintained a BUY rating at $5.00.

Dexterra Group Inc. [DXT:CA] – Scotiabank raised its target to $12.00 from $11.50.

Docebo Inc. [DCBO:CA] – TD Securities maintained a BUY rating at $37.00.

Doman Building Materials Group Ltd. [DBM:CA] – TD Securities maintained a BUY rating at $11.00.

DoubleVerify Holdings, Inc. [DV] – Scotiabank lowered its target to $16.00 from $24.00.

Dream Industrial REIT [DIR.UN:CA] – BMO Capital Markets raised its target to $14.00 from $13.00.

Dream Office REIT [D.UN:CA] – TD Securities maintained a HOLD rating at $18.00.

Emera Inc [EMA:CA] – RBC Capital raised its target to $76.00 from $70.00.

Emera Inc [EMA:CA] – CIBC World Markets raised its target to $72.00 from $71.00.

Emera Inc [EMA:CA] – BMO Capital Markets raised its target to $72.00 from $68.00.

Enbridge Inc [ENB:CA] – RBC Capital raised its target to $72.00 from $67.00.

Enbridge Inc [ENB:CA] – Raymond James raised its target to $76.00 from $74.00.

Enbridge Inc [ENB:CA] – CIBC World Markets raised its target to $71.00 from $70.00.

Enbridge Inc [ENB:CA] – BMO Capital Markets lowered its target to $67.00 from $66.00.

Enbridge Inc. [ENB:CA] – TD Securities maintained a BUY rating at $70.00.

Enbridge Inc. [ENB:CA] – Scotiabank raised its target to $70.00 from $69.00.

Enerflex Ltd [EFX:CA] – Raymond James raised its target to $24.00 from $20.00.

Enerflex Ltd [EFX:CA] – BMO Capital Markets raised its target to $23.00 from $20.00.

Ensign Energy Services Inc. [ESI:CA] – TD Securities maintained a HOLD rating at $2.25.

Equinox Gold Corp [EQX:CA] – Scotiabank upgraded its rating to OUTPERFORM.

ERO Copper Corp [ERO:CA] – Scotiabank upgraded its rating to OUTPERFORM with a target of $36.00 from $33.00.

European Residential REIT [ERE.UN:CA] – CIBC World Markets downgraded to NEUTRAL.

Exchange Income Corp [EIF:CA] – Scotiabank raised its target to $90.00 from $80.00.

Exchange Income Corp [EIF:CA] – Raymond James raised its target to $92.00 from $90.00.

Exchange Income Corp [EIF:CA] – National Bank raised its target to $88.00 from $84.00.

Exchange Income Corp [EIF:CA] – CIBC World Markets raised its target to $93.00 from $85.50.

Exchange Income Corp [EIF:CA] – BMO Capital raised its target to $80.00 from $69.50.

Exchange Income Corp. [EIF:CA] – TD Securities raised its target to $92.00 from $84.00 with a BUY rating.

Exchange Income Corporation [EIF:CA] – Scotiabank raised its target to $90.00 from $80.00.

Fairfax Financial Holdings [FFH:CA] – Raymond James lowered its target to $2,900.00 from $3,050.00.

Fairfax Financial Holdings [FFH:CA] – BMO Capital Markets lowered its target to $2,600.00 from $2,700.00.

GDI Integrated Facility Services Inc [GDI:CA] – Scotiabank lowered its target to $32.00 from $33.00.

GDI Integrated Facility Services Inc. [GDI:CA] – TD Securities maintained a HOLD rating at $31.00 from $30.00.

GFL Environmental [GFL:CA] – Stifel Nicolaus raised its target to $84.00 from $86.00.

GFL Environmental [GFL:CA] – Barclays Capital raised its target to $88.00 from $86.00.

Goeasy Ltd [GSY:CA] – TD Securities lowered its target to $160.00 from $210.00.

Goeasy Ltd [GSY:CA] – RBC Capital lowered its target to $156.00 from $194.00.

Goeasy Ltd [GSY:CA] – Jefferies & Co lowered its target to $194.00 from $225.00.

Granite REIT [GRT.UN:CA] – Raymond James raised its target to $93.00 from $90.00.

Granite REIT [GRT.UN:CA] – BMO Capital Markets raised its target to $87.00 from $84.00.

Great-West Lifeco Inc [GWO:CA] – RBC Capital raised its target to $60.00 from $53.00.

Great-West Lifeco Inc [GWO:CA] – CIBC World Markets raised its target to $67.00 from $65.00.

Great-West Lifeco Inc [GWO:CA] – BMO Capital Markets raised its target to $66.00 from $60.00.

High Liner Foods Inc [HLF:CA] – Raymond James downgraded to MARKET PERFORM with a target of $16.00 from $22.00.

High Liner Foods Inc [HLF:CA] – BMO Capital Markets lowered its target to $17.50 from $20.50.

IGM Financial Inc [IGM:CA] – RBC Capital raised its target to $61.00 from $55.00.

IGM Financial Inc [IGM:CA] – National Bank raised its target to $68.00 from $60.00.

IGM Financial Inc [IGM:CA] – BMO Capital Markets raised its target to $57.00 from $54.00.