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CANADA RESEARCH ROUNDUP-Boyd, Nexus Industrial, Western Copper and Gold

ReutersJun 11, 2025 2:53 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including Boyd Group Services ,Nexus Industrial and Western Copper and Gold on Wednesday.

HIGHLIGHTS

* Boyd Group Services Inc BYD.TO: Stephens initiates coverage with overweight rating

* Definity Financial DFY.TO: National Bank of Canada resumes coverage with outperform rating

* Granite REIT GRT_u.TO: CIBC raises PT to C$85 from C$74

* Nexus Industrial REIT NXR_u.TO: CIBC cuts to neutral from outperformer

* Western Copper and Gold Corp WRN.TO: Stifel initiates coverage with buy rating

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

* Boyd Group Services Inc BYD.TO: Stephens initiates coverage with target price C$240

* Boyd Group Services Inc BYD.TO: Stephens initiates coverage with overweight rating

* Definity Financial DFY.TO: National Bank of Canada resumes coverage with PT C$90

* Definity Financial DFY.TO: National Bank of Canada resumes coverage with outperform rating

* Definity Financial DFY.TO: Scotiabank raises target price to C$76 from C$65

* Definity Financial DFY.TO: TD Cowen raises target price to C$78 from C$72

* Empire Company Ltd EMPa.TO: RBC raises target price to C$56 from C$50

* Granite REIT GRT_u.TO: CIBC raises PT to C$85 from C$74

* Nexus Industrial REIT NXR_u.TO: CIBC cuts target price to C$7.50 from C$8.50

* Nexus Industrial REIT NXR_u.TO: CIBC cuts to neutral from outperformer

* Parkland Corp PKI.TO: JP Morgan cuts target price to C$41 from C$54

* Parkland Corp PKI.TO: JP Morgan cuts to neutral from overweight

* Western Copper and Gold Corp WRN.TO: Stifel initiates coverage with PT C$5.50

* Western Copper and Gold Corp WRN.TO: Stifel initiates coverage with buy rating

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