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CANADA RESEARCH ROUNDUP-Cargojet, Kraken Robotics, Mullen

ReutersJul 8, 2025 12:53 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including Cargojet, Kraken Robotics and Mullen Group on Tuesday.

HIGHLIGHTS

* Cargojet Inc CJT.TO: CIBC cuts target price to C$142.00 from C$150.00

* Canadian National Railway Co CNR.TO: Bernstein raises target price to C$158 from C$156

* Kraken Robotics Inc PNG.V: National Bank of Canada resumes coverage with outperform rating

* Mullen Group Ltd MTL.TO: CIBC cuts to neutral from outperformer

* Sun Life Financial SLF.TO: Barclays cuts to underweight from equal-weight

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

* ATS Corp ATS.TO: TD Cowen cuts target price to C$49 from C$59

* Bombardier BBDb.TO: CIBC raises target price to C$167.00 from C$140.00

* Canadian National Railway Co CNR.TO: Bernstein raises target price to C$158 from C$156

* Canadian Pacific Kansas City CP.TO: Bernstein raises target price to C$120 from C$115

* Canadian Tire Corporation Ltd CTCa.TO: BMO raises target price to C$191 from C$175

* Cargojet Inc CJT.TO: CIBC cuts target price to C$142.00 from C$150.00

* Dri Healthcare Trust DHT_u.TO: Raymond James raises target price to C$21 from C$19

* Great-West Lifeco Inc. GWO.TO: Barclays raises target price to C$56 from C$47

* Great-West Lifeco Inc. GWO.TO: Barclays raises to equal-weight from underweight

* Kraken Robotics Inc PNG.V: National Bank of Canada resumes coverage with outperform rating

* Kraken Robotics Inc PNG.V: National Bank of Canada resumes coverage with PT C$4

* Manulife Financial MFC.TO: Barclays raises target price to C$46 from C$45

* Mullen Group Ltd MTL.TO: CIBC cuts target price to C$15.00 from C$16.50

* Mullen Group Ltd MTL.TO: CIBC cuts to neutral from outperformer

* Sun Life Financial SLF.TO: Barclays cuts target price to C$82 from C$86

* Sun Life Financial SLF.TO: Barclays cuts to underweight from equal-weight

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