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.