Canadian Analyst Updates: February 26th, 2026

5N Plus Inc. (VNP:CA) — Ventum Financial raised its price target to $35.00 from $30.00 and maintained a Buy rating.

5N Plus Inc. (VNP:CA) — Canaccord Genuity increased its price target to $34.00 from $31.00 and maintained a Buy rating.

5N Plus Inc. (VNP:CA) — Raymond James lifted its price target to $35.00 from $29.00 and maintained an Outperform rating.

Alamos Gold Inc. (AGI:CA) — CIBC World Markets raised its price target to $90.00 from $80.00.

Alamos Gold Inc. (AGI:CA) — Bank of America increased its price target to $78.50 from $67.00.

ATCO Ltd. (ACO-X:CA) — TD Securities maintained its Buy rating with a $57.00 price target.

Bank of Montreal (BMO:CA) — TD Securities maintained its Buy rating with a $219.00 price target.

Bank of Montreal (BMO:CA) — Scotiabank raised its price target to $208.00 from $191.00, and maintained the Sector Perform rating.

Bank of Montreal (BMO:CA) — RBC Capital raised its price target to $219.00 from $178.00.

Bank of Montreal (BMO:CA) — Jefferies & Co increased its price target to $195.00 from $197.00.

Bank of Montreal (BMO:CA) — Barclays Capital raised its price target to $199.00 from $196.00 and maintained an Equal-Weight rating.

Bank of Montreal (BMO:CA) — National Bank increased its price target to $205.00 from $186.00 and maintained a Sector Perform rating.

Bank of Montreal (BMO:CA) — Canaccord Genuity raised its price target to $224.00 from $218.00 and maintained a Buy rating.

Bank of Montreal (BMO:CA) — Desjardins Securities increased its price target to $208.00 from $195.00 and maintained a Hold rating.

BTB REIT (BTB.UN:CA) — Canaccord Genuity downgraded the stock to Hold with a $4.25 price target.

Canadian Imperial Bank of Commerce (CM:CA) — TD Securities maintained its Buy rating with a $142.00 price target.

Canadian Imperial Bank of Commerce (CM:CA) — Scotiabank maintained its Sector Outperform rating with a C$138.00 price target.

Canadian Utilities Ltd. (CU:CA) — TD Securities maintained its Buy rating with a $41.00 price target.

Cargojet Inc. (CJT:CA) — CIBC World Markets raised its price target to $116.00 from $106.00.

Cargojet Inc. (CJT:CA) — Scotiabank raised its price target to $118.00 from $115.00 and maintained an Outperform rating.

Cargojet Inc. (CJT:CA) — Stifel Nicolaus increased its price target to $120.00 from $100.00 and maintained a Buy rating.

Cargojet Inc. (CJT:CA) — Desjardins Securities raised its price target to $126.00 from $117.00.

Cargojet Inc. (CJT:CA) — BMO Capital Markets increased its price target to $94.00 from $90.00 and maintained a Market Perform rating.

Cascades Inc. (CAS:CA) — TD Securities maintained its Buy rating with a $16.00 price target.

CCL Industries Inc. (CCL-B:CA) — TD Securities maintained its Buy rating with a $105.00 price target.

CCL Industries Inc. (CCL.B:CA) — Scotiabank maintained its Sector Perform rating with a C$96.00 price target.

Chemtrade Logistics (CHE.UN:CA) — Scotiabank maintained its Sector Perform rating with a C$17.00 price target.

Cogeco Communications Inc. (CCA:CA) — National Bank raised its price target to $80.00 from $71.00 and maintained an Outperform rating.

DPM Metals Inc. (DPM:CA) — CIBC World Markets raised its price target to $64.00 from $58.00.

Eldorado Gold Corp. (ELD:CA) — Bank of America increased its price target to $52.00 from $46.25.

Element Fleet Management Corp. (EFN:CA) — Scotiabank maintained its Sector Outperform rating with a C$41.00 price target.

Enerflex Ltd. (EFX:CA) — BMO Capital Markets raised its price target to $35.00 from $27.00 and maintained an Outperform rating.

EQB Inc. (EQB:CA) — TD Securities lowered its price target to $132.00 from $138.00 and maintained a Buy rating.

EQB Inc. (EQB:CA) — Scotiabank maintained its Sector Perform rating with a C$105.00 price target.

EQB Inc. (EQB:CA) — National Bank raised its price target to $120.00 from $111.00 and maintained a Sector Perform rating.

Ero Copper Corp. (ERO:CA) — Scotiabank maintained its Sector Outperform rating with a C$50.00 price target.

Exchange Income Corp. (EIF:CA) — TD Securities raised its price target to $125.00 from $102.00 and maintained a Buy rating.

Exchange Income Corp. (EIF:CA) — National Bank increased its price target to $125.00 from $110.00 and maintained an Outperform rating.

Exchange Income Corp. (EIF:CA) — TD Securities raised its price target to $125.00 from $102.00 and maintained a Buy rating.

Exchange Income Corp. (EIF:CA) — Ventum Financial increased its price target to $135.00 from $110.00 and maintained a Buy rating.

Exchange Income Corp. (EIF:CA) — RBC Capital raised its price target to $133.00 from $103.00 and maintained an Outperform rating.

Exchange Income Corp. (EIF:CA) — BMO Capital Markets increased its price target to $100.00 from $80.00 and maintained a Market Perform rating.

Exchange Income Corp. (EIF:CA) — CIBC World Markets raised its price target to $120.00 from $106.00 and maintained an Outperform rating.

Exchange Income Corp. (EIF:CA) — ATB Cormark increased its price target to $125.00 from $120.00 and maintained a Buy rating.

Exchange Income Corp. (EIF:CA) — Raymond James raised its price target to $125.00 from $110.00 and maintained a Strong Buy rating.

Exchange Income Corp. (EIF:CA) — Scotiabank increased its price target to $121.00 from $105.00 and maintained an Outperform rating.

Exchange Income Corp. (EIF:CA) — Canaccord Genuity raised its price target to $116.00 from $109.00 and maintained a Buy rating.

Fiera Capital Corp. (FSZ:CA) — TD Securities maintained its Hold rating with a $6.50 price target.

Franco-Nevada Corp. (FNV:CA) — Banc of America raised its price target to $384.00 from $367.00.

Fuerte Metals Corp. (FMT:CA) — Stifel Nicolaus initiated coverage with a Buy rating and a $14.00 price target.

Gildan Activewear Inc. (GIL:CA) — TD Securities maintained its Buy rating with a $105.00 price target.

Granite REIT (GRT.UN:CA) — TD Securities maintained its Buy rating with a $94.00 price target.

Granite REIT (GRT.UN:CA) — Scotiabank maintained its Sector Outperform rating with a C$94.00 price target.

Green Thumb Industries Inc. (GTII:CA) — ATB Cormark upgraded the stock to Top Pick and raised its price target to $19.00 from $16.50.

Hemlo Mining Corp. (HMMC:CA) — Stifel Nicolaus initiated coverage with a Buy rating and a $12.00 price target.

Hudbay Minerals Inc. (HBM:CA) — Bank of America raised its price target to $44.50 from $37.75.

IAMGOLD Corp. (IMG:CA) — Bank of America increased its price target to $38.00 from $32.50.

Knet.com Inc. (KSI:CA) — Raymond James lowered its price target to $5.50 from $7.00 and maintained an Outperform rating.

Loblaw Companies Limited (L:CA) — Scotiabank maintained its Sector Outperform rating and lowered its price target to C$68.00 from C$70.00.

Loblaw Companies Ltd. (L:CA) — TD Securities maintained its Buy rating with a $75.00 price target.

Loblaw Companies Ltd. (L:CA) — Desjardins Securities increased its price target to $70.00 from $67.00 and maintained a Buy rating.

Major Drilling Group International Inc. (MDI:CA) — TD Securities maintained its Buy rating with a $16.00 price target.

Meren Energy Inc. (MER:CA) — Scotiabank maintained its Sector Outperform rating with a C$2.50 price target.

Morguard North American Residential REIT (MRG.UN:CA) — TD Securities maintained its Buy rating with a $24.00 price target.

National Bank of Canada (NA:CA) — TD Securities raised its price target to $182.00 from $175.00 and maintained a Buy rating..

National Bank of Canada (NA:CA) — Scotiabank maintained its Sector Outperform rating and increased its price target to C$202.00 from C$188.00.

National Bank of Canada (NA:CA) — Desjardins Securities increased its price target to $200.00 from $182.00 and maintained a Buy rating.

National Bank of Canada (NA:CA) — Raymond James raised its price target to $200.00 from $179.00 and maintained a Market Perform rating.

National Bank of Canada (NA:CA) — BMO Capital Markets increased its price target to $195.00 from $177.00 and maintained an Outperform rating.

National Bank of Canada (NA:CA) — RBC Capital raised its price target to $193.00 from $163.00.

National Bank of Canada (NA:CA) — Jefferies & Co increased its price target to $172.00 from $165.00.

National Bank of Canada (NA:CA) — CIBC World Markets raised its price target to $193.00 from $189.00.

National Bank of Canada (NA:CA) — Barclays Capital increased its price target to $183.00 from $177.00 and maintained an Equal-Weight rating.

National Bank of Canada (NA:CA) — Canaccord Genuity raised its price target to $191.00 from $180.00 and maintained a Hold rating.