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CANADA RESEARCH ROUNDUP-Canadian National Railway, Enbridge, Pembina Pipeline

ReutersJul 23, 2025 2:39 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including Canadian National Railway, Enbridge and Pembina Pipeline on Wednesday.

HIGHLIGHTS

* Canadian National Railway CNR.TO: JP Morgan cuts to neutral from overweight

* Enbridge Inc ENB.TO: Jefferies raises to buy from hold

* Pembina Pipeline Corp PPL.TO: Jefferies cuts to hold from buy

* TCP Energy Corp TRP.TO: Jefferies cuts target price to C$68 from C$71

* Topaz Energy Corp TPZ.TO: Jefferies raises target price to C$31 from C$28

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

* Altagas Ltd ALA.TO: Jefferies raises target price to C$46 from C$40

* Canadian National Railway CNR.TO: ATB Capital Markets cuts PT to C$150 from C$155

* Canadian National Railway CNR.TO: Barclays cuts target price to C$135 from C$145

* Canadian National Railway CNR.TO: JP Morgan cuts PT to C$154.00 from C$163.00

* Canadian National Railway CNR.TO: JP Morgan cuts to neutral from overweight

* Canadian National Railway CNR.TO: National Bank of Canada cuts PT to C$150 from C$170

* Canadian National Railway CNR.TO: National Bank of Canada cuts to sector perform from outperform

* Canadian National Railway CNR.TO: Scotiabank cuts target price to C$153 from C$165

* Canadian National Railway CNR.TO: BMO cuts target price to C$163 from C$168

* Canadian National Railway Co CNR.TO: CIBC cuts target price to C$148 from C$155

* Canadian National Railway Co CNR.TO: Bernstein cuts target price to C$149 from C$158

* Element Fleet Management Corp EFN.TO: Scotiabank raises PT to C$40 from C$33

* Enbridge Inc ENB.TO: Jefferies raises target price to C$72 from C$65

* Enbridge Inc ENB.TO: Jefferies raises to buy from hold

* Fairfax Financial Holdings Ltd FFH.TO: Scotiabank raises PT to C$2,900 from C$2,500

* Gibson Energy Inc GEI.TO: Jefferies raises target price to C$28 from C$23

* Gibson Energy Inc GEI.TO: Jefferies raises to buy from hold

* Goeasy Ltd GSY.TO: Scotiabank raises target price to C$230 from C$205

* Intact Financial Corp IFC.TO: Scotiabank raises target price to C$325 from C$318

* Paramount Resources Ltd POU.TO: Jefferies raises target price to C$25 from C$21

* Pembina Pipeline Corp PPL.TO: Jefferies cuts target price to C$53 from C$61

* Pembina Pipeline Corp PPL.TO: Jefferies cuts to hold from buy

* Propel Holdings Inc PRL.TO: Scotiabank raises target price to C$43 from C$38

* South Bow Corp SOBO.TO: Jefferies raises target price to C$37 from C$33

* TCP Energy Corp TRP.TO: Jefferies cuts target price to C$68 from C$71

* TMX Group Ltd X.TO: Scotiabank raises target price to C$63 from C$57

* Topaz Energy Corp TPZ.TO: Jefferies raises target price to C$31 from C$28

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