Canadian Analyst Coverage Update: July 25th, 2025

Analyst Ratings (Canada)

A&W Food Services (AW:CA) had its target price raised by CIBC to $41.00 with a Neutral rating.

RBC Capital also raised its target to $42.00, maintaining a Sector Perform rating.

Athabasca Oil Corp. (ATH:CA) received a target price hike to $5.85 and a Hold rating from TD Securities.

Scotiabank maintained its Sector Perform rating and set a higher target of $6.50.

Canadian Tire Corporation (CTC-A:CA) had its Neutral rating reaffirmed by TD Securities with a maintained price target of $171.00.

First Quantum Minerals (FM:CA)  TD Securities lower its target price to $24.00 and maintained a Hold rating.

Scotiabank reaffirmed a Sector Perform rating with a $27.00 target.

FirstService Corp.: TD Securities raised its target to $289.00 with a Hold rating.

Scotiabank maintained its Sector Perform rating with a target of $288.00.

IA Financial Corporation Inc (IAG:CA) had its price target raised by CIBC to $150.00.

Loblaw Companies Ltd. (L:CA)  TD Securities raised its target to $250.00 with a Buy rating.

Desjardins Securities raised its target to $235.00 with a Hold rating.

BMO Capital raised its target to $230.00 with a Market Perform rating.

CIBC maintained the Outperform rating with a target of $234.00.

Scotiabank maintined the Outperform rating and $233 target.

National Bank raised its target to $242.00 and also maintained an Outperform rating.

Morningstar maintained their target at $148.00 with a Sell rating.

Manulife Financial Corp. (MFC:CA) had its target lowered by CIBC to $44.00.

Mullen Group Ltd. (MTL:CA) TD Securities raise its target to $19.00 with a Buy rating.

Acumen Capital cut its target to $17.25 but retained a Buy rating.

Raymond James maintained a Outperform rating at $16.75.

Scotiabank maintained its Sector Perform rating with a $16.00 target.

Orla Mining (OLA:CA) had its Outperform rating maintained by Scotiabank, with a target of $18.00.

Pembina Pipeline Corporation (PPL:CA) had its target cut to $60.00 by CIBC with an Outperform rating.

Scotiabank maintained its Outperform rating and a target of $63.00.

Rogers Communications Inc. (RCI.B:CA) received a target price increase to $59.00 from JP Morgan.

StorageVault Canada Inc. (SVI:CA) was given a Buy rating and a target increase to $5.50 by TD Securities.

Teck Resources (TECK-B:CA ) Morningstar maintained a Hold rating with a $47.00 target.

CIBC downgraded to Hold with a $57.00 target.

Scotiabank maintained Outperform with a $57.00 target.

TD Securities cut its target to $60.00 but maintained a Buy rating.

JP Morgan downgraded to Neutral with a $56.00 target.

RBC Capital lowered its target to $67.00.

Raymond James reduced its target to $63.00.

Jefferies & Co lowered its target to $60.00.

National Bank cut its target to $62.50.

Waste Connections Inc (WCN:CA) had its target increased to $285.00 by Scotiabank with a Sector Perform rating.

Morningstar maintained a Sell rating with a lower $205.00 target.

West Fraser Timber Co. Ltd. (WFG:CA) had its price target cut to $96.00 by TD Securities while retaining a Buy rating.

Winpak Ltd. (WPK:CA) received a target cut to $52.00 from CIBC with an Outperform rating.

National Bank downgraded the stock to Sector Perform with a lowered target of $48.00.