Canadian Analyst Updates: October 14th, 2026

Analyst Ratings (Canada)

Today’s Canadian analyst outlook is cautious despite many positve rating updates, but not bearish across the board.  Analysts cut 17 targets and only raised 8 targets. Analysts reduced forecasts across insurers, mortgage lenders and forest products companies, while the mining sector was mixed.  In short, analysts still see opportunities, but they are more selective about which stocks can meet their target forecasts.

Updates (36)

Adentra Inc. (ADEN:CA) — TD Securities maintained its Buy rating and raised its price target to $48.00 from $46.00.

Americas Gold and Silver Corp. (USA:CA) — Stifel Nicolaus maintained its Buy rating with a $12.00 price target.

Atrium Mortgage Investment Corp. (AI:CA) — TD Securities maintained its Buy rating and lowered its price target to $12.50 from $13.00.

Canadian Packers Inc. (CPKR:CA) — Canaccord Genuity maintained its Buy rating and lowered its price target to $17.50 from $20.50.

Canadian Tire Corporation, Ltd. (CTC-A:CA) — TD Securities maintained its Hold rating with a $210.00 price target.

Canfor Corp. (CFP:CA) — TD Securities maintained its Buy rating and lowered its price target to $18.00 from $20.00.

Cascades Inc. (CAS:CA) — TD Securities maintained its Buy rating and raised its price target to $20.00 from $19.00.

CGI Inc. (GIB-A:CA) — CIBC maintained its Neutral rating with a $108.00 price target.

Champion Iron Ltd. (CIA:CA) — TD Securities maintained its Buy rating with a $5.00 price target.

Collective Mining Ltd. (CNL:CA) — Scotiabank maintained its Outperform rating with a $35.00 price target.

Definity Financial Corp. (DFY:CA) — TD Securities maintained its Buy rating and lowered its price target to $87.00 from $93.00.

Enerflex Ltd. (EFX:CA) — ATB Cormark maintained its Outperform rating and raised its price target to $56.00 from $52.00.

Enerflex Ltd. (EFX:CA) — Raymond James maintained its Outperform rating and raised its price target to $53.00 from $49.00.

Enerflex Ltd. (EFX:CA) — RBC Dominion Securities maintained its Outperform rating and raised its price target to $35.00 from $33.00.

Equinox Gold Corp. (EQX:CA) — Scotiabank maintained its Outperform rating with a $25.00 price target.

Ero Copper Corp. (ERO:CA) — ATB Cormark maintained its Outperform rating and raised its price target to $55.00 from $50.00.

Firm Capital Mortgage Investment Corp. (FC:CA) — TD Securities maintained its Buy rating and lowered its price target to $12.50 from $13.00.

First Majestic Silver Corp. (AG:CA) — Scotiabank maintained its Sector Perform rating with a $32.00 price target.

FirstService Corporation (FSV:CA) — CIBC maintained its Outperform rating and lowered its price target to $241.00 from $249.00.

GFL Environmental Inc. (GFL:CA) — Citigroup maintained its Buy rating with a $72.50 price target.

Goeasy Ltd. (GSY:CA) — TD Securities maintained its Hold rating and lowered its price target to $47.00 from $50.00.

Intact Financial Corp. (IFC:CA) — TD Securities maintained its Buy rating and lowered its price target to $303.00 from $345.00.

Interfor Corp. (IFP:CA) — TD Securities maintained its Hold rating and lowered its price target to $15.00 from $16.00.

KP Tissue Inc. (KPT:CA) — TD Securities maintained its Hold rating and lowered its price target to $13.00 from $14.00.

Maple Leaf Foods Inc. (MFI:CA) — National Bank maintained its Outperform rating and lowered its price target to $29.00 from $34.00.

Propel Holdings Inc. (PRL:CA) — TD Securities assigned a Buy rating with a $37.00 price target.

Quebecor Inc. (QBR.A:CA) — National Bank maintained its Outperform rating and lowered its price target to $71.00 from $74.00.

Quebecor Inc. (QBR-B:CA) — TD Securities maintained its Buy rating with an $80.00 price target.

Shopify Inc. (SHOP:CA) — Stifel Nicolaus maintained its Buy rating and raised its price target to $298.00 from $256.00.

Silver Tiger Metals Inc. (SLVR:CA) — Desjardins Securities maintained its Buy rating and lowered its price target to $1.60 from $1.75.

SSR Mining Inc. (SSRM:CA) — Scotiabank maintained its Outperform rating with a $60.00 price target.

Timbercreek Financial Corp. (TF:CA) — TD Securities maintained its Hold rating and lowered its price target to $5.50 from $6.50.

TMX Group Ltd. (X:CA) — Canaccord Genuity maintained its Buy rating and raised its price target to $65.00 from $64.00.

Trisura Group Ltd. (TSU:CA) — TD Securities maintained its Buy rating and lowered its price target to $56.00 from $60.00.

West Fraser Timber Co. Ltd. (WFG:CA) — TD Securities lowered its price target to $122.00 from $125.00. The supplied entry did not include a rating.

Western Forest Products Inc. (WEF:CA) — TD Securities maintained its Hold rating and lowered its price target to $17.00 from $20.00.

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