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CANADA RESEARCH ROUNDUP-Bank of Montreal, Capital Power, Transalta

ReutersFeb 18, 2025 8:30 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including Bank of Montreal, Capital Power and Transalta on Tuesday.

HIGHLIGHTS

Bank of Montreal BMO.TO: CIBC raises target price to C$154 from C$150

Capital Power Corp CPX.TO: CIBC raises to outperformer from neutral

TD Bank Group TD.TO: Jefferies cuts to hold from buy; raises target to C$99 from C$90

Transalta Corp TA.TO: CIBC raises to outperformer from neutral

WSP Global Inc WSP.TO: CIBC raises target price to C$293 from C$278

Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday. Stock entries are in alphabetical order.

Air Canada AC.TO: CIBC cuts target price to C$24 from C$28

Air Canada AC.TO: Stifel cuts target price to C$26 from C$28

Bank of Montreal BMO.TO: CIBC raises target price to C$154 from C$150

Bank of Montreal BMO.TO: Jefferies raises target price to C$140 from C$126

Cae Inc CAE.TO: CIBC raises target price to C$39 from C$37

CAE Inc CAE.TO: TD Cowen raises target price to C$39 from C$35

Capital Power Corp CPX.TO: CIBC cuts target price to C$64 from C$68

Capital Power Corp CPX.TO: CIBC raises to outperformer from neutral

Capreit CAR_u.TO: CIBC cuts target price to C$50 from C$55

Definity Financial Corp DFY.TO: CIBC raises target price to C$66 from C$59

Definity Financial Corp DFY.TO: Raymond James raises target price to C$62 from C$55

Definity Financial Corp DFY.TO: Scotiabank raises target price to C$61 from C$60

Definity Financial Corp DFY.TO: UBS raises target price to C$63 from C$58

Enbridge Inc ENB.TO: Raymond James raises target price to C$67 from C$65

Enbridge Inc ENB.TO: RBC raises target price to C$67 from C$63

Fairfax Financial Holdings Ltd FFH.TO: Cormark Securities ups PT to C$2,250 from C$2,125

Fortis Inc FTS.TO: CIBC raises target price to C$65 from C$64

Fortis Inc FTS.TO: Raymond James raises target price to C$62.50 from C$61

Fortis Inc FTS.TO: RBC raises target price to C$69 from C$65

Fortuna Mining Corp FVI.TO: CIBC cuts target price to C$7 from C$8

Fortuna Mining Corp FVI.TO: CIBC cuts to underperformer from neutral

Goeasy Ltd GSY.TO: Raymond James raises target price to C$245 from C$230

Intact Financial Corp IFC.TO: UBS raises target price to C$290 from C$275

Interfor Corp IFP.TO: CIBC cuts target price to C$20 from C$22

Lumine Group Inc LMN.V: TD Cowen raises target price to C$47 from C$41

Lumine Group Inc LMN.V: TD Cowen raises to buy from hold

National Bank of Canada NA.TO: CIBC cuts target price to C$135 from C$141

National Bank of Canada NA.TO: Jefferies cuts target price to C$149 from C$153

Paramount Resources Ltd POU.TO: RBC cuts target price to C$19 from C$34

RBC RY.TO: CIBC cuts target price to C$175 from C$176

RBC RY.TO: Jefferies cuts target price to C$192 from C$197

Russel Metals Inc RUS.TO: TD Cowen raises target price to C$52 from C$50

Scotiabank BNS.TO: CIBC cuts target price to C$81 from C$84

Scotiabank BNS.TO: CIBC cuts to neutral from outperformer

Scotiabank BNS.TO: Jefferies cuts target price to C$77 from C$81

TCP Energy Corp TRP.TO: RBC raises target price to C$74 from C$71

TD Bank Group TD.TO: CIBC raises target price to C$94 from C$90

TD Bank Group TD.TO: Jefferies cuts to hold from buy; raises target to C$99 from C$90

Terravest Industries Inc TVK.TO: Scotiabank raises target price to C$126 from C$125

Transalta Corp TA.TO: CIBC cuts target price to C$19.5 from C$23

Transalta Corp TA.TO: CIBC raises to outperformer from neutral

Trilogy Metals Inc TMQ.TO: Raymond James raises target price to C$2 from C$1.75

Trisura Group Ltd TSU.TO: Raymond James cuts target price to C$57 from C$64

Trisura Group Ltd TSU.TO: RBC cuts target price to C$42 from C$49

West Fraser Timber Co Ltd WFG.TO: CIBC cuts target price to C$170 from C$171

WSP Global Inc WSP.TO: BMO raises target price to C$284 from C$280

WSP Global Inc WSP.TO: CIBC raises target price to C$293 from C$278

WSP Global Inc WSP.TO: Stifel raises target price to C$310 from C$295

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