Analysts Revise Ratings Across Canadian Sectors, Downgrading Ivanhoe Mines and Upgrading Wajax

Analysts Revise Ratings Across Canadian Sectors, Downgrading Ivanhoe Mines and Upgrading Wajax

TD Cowen and Stifel downgraded Ivanhoe Mines after the miner cut its 2027 copper guidance, and they upgraded Wajax on expectations of a Canadian capital-investment upcycle. Earlier analyst activity included upgrades to Canadian Pacific Kansas City’s earnings outlook and higher price targets for Aritzia and BCE following strong quarterly results.

National Bank Financial lifted Allied Properties REIT to an outperform rating while trimming targets for several peers, and it raised Pet Valu to outperform and kept Canadian Tire’s sector-perform rating amid mixed third-quarter earnings. Additional revisions saw analysts adjust earnings forecasts, price targets and ratings for firms such as Capital Power, EQB, Exchange Income and Gildan, citing earnings beats and macroeconomic pressures.

Actors

Cameron Doerksen National Bank Financial Canadian Pacific Kansas City Ltd. Chris Murray ATB Cormark Benoit Poirier Desjardins Securities Ariel Rosa Citi Vishal Shreedhar Aritzia Inc. Michael Glen Raymond James Vince Valentini TD Cowen BCE Inc.

Locations

Mexico United States Canada

Articles

November 04, 2026
1 total
Analysts Adjust Ratings for Ivanhoe Mines, Wajax, and Other Companies Amid Production and Market Outlooks
Analysts Adjust Ratings for Ivanhoe Mines, Wajax, and Other Companies Amid Production and Market Outlooks

The Globe and Mail • 04 Nov 11:46

TD Cowen and Stifel downgraded Ivanhoe Mines after it cut 2027 copper guidance, while the firm upgraded Wajax on expectations of a Canadian capital-investment upcycle. Several other analysts revised targets for firms ranging from cannabis to industrial equipment.

Credibility 85% Manip. 8% Center
November 03, 2026
1 total
Analysts Adjust Ratings and Targets for Canadian Energy, Finance and Consumer Companies
Analysts Adjust Ratings and Targets for Canadian Energy, Finance and Consumer Companies

The Globe and Mail • 03 Nov 11:43

Several Canadian analysts revised earnings forecasts, price targets and ratings for firms including Capital Power, EQB, Exchange Income, Gildan and others, citing recent earnings beats and macroeconomic pressures.

Credibility 85% Manip. 8% Center
November 02, 2026
1 total
Analysts Adjust Ratings for Pet Valu, Canadian Tire, TFI, Magna and Aecon Amid Q3 Results
Analysts Adjust Ratings for Pet Valu, Canadian Tire, TFI, Magna and Aecon Amid Q3 Results

The Globe and Mail • 02 Nov 11:42

National Bank Financial raised Pet Valu to outperform, kept Canadian Tire sector-perform, while RBC and other firms revised targets for TFI International, Magna International and Aecon after mixed third-quarter earnings.

Credibility 85% Manip. 8% Center
October 30, 2026
1 total
Analysts adjust ratings and targets for Canadian REITs, airlines and consumer firms after mixed Q3 results
Analysts adjust ratings and targets for Canadian REITs, airlines and consumer firms after mixed Q3 results

The Globe and Mail • 30 Oct 10:44

National Bank Financial upgraded Allied Properties REIT to outperform, while several analysts lowered price targets for Allied and other companies following recent earnings and guidance updates.

Credibility 72% Manip. 7% Center
October 29, 2026
1 total
Analysts Adjust Targets and Ratings for Canadian Railway, Retailer, and Telecom Companies
Analysts Adjust Targets and Ratings for Canadian Railway, Retailer, and Telecom Companies

The Globe and Mail • 29 Oct 10:40

Analysts upgraded Canadian Pacific Kansas City’s earnings outlook, raised Aritzia’s price target, and increased BCE’s valuation after recent quarterly results and strategic deals.

Credibility 72% Manip. 9% Center