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CANADA RESEARCH ROUNDUP-Canadian Natural Resources, TCP Energy, Zedcor

ReutersOct 9, 2025 3:05 PM

- Securities analysts revised their ratings and price targets on several Canadian companies including Canadian Natural Resources, TCP Energy and Zedcor on Thursday.

HIGHLIGHTS

Barrick Mining ABX.TO: Canaccord Genuity raises target price to C$57 from C$39

Canadian Natural Resources Ltd CNQ.TO: Scotiabank raises target price to C$58 from C$54

Ensign Energy Services Inc ESI.TO: RBC cuts to sector perform from outperform

TCP Energy Corp TRP.TO: CIBC cuts to neutral from outperformer

Zedcor Inc ZDC.V: National Bank of Canada raises target price to C$7.5 from C$5.5

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

Air Canada AC.TO: BMO cuts target price to C$27 from C$28

Altagas Ltd ALA.TO: CIBC raises target price to C$46 from C$44

ARC Resources Ltd ARX.TO: Scotiabank cuts target price to C$36 from C$38

Athabasca Oil Corp ATH.TO: Scotiabank raises target price to C$7 from C$6.5

Barrick Mining ABX.TO: Canaccord Genuity raises target price to C$57 from C$39

Baytex Energy Corp BTE.TO: Scotiabank raises target price to C$4 from C$3.5

Birchcliff Energy Ltd BIR.TO: Scotiabank cuts target price to C$9 from C$10

Bombardier BBDb.TO: RBC raises target price to C$230 from C$202

Canadian Natural Resources Ltd CNQ.TO: Scotiabank raises target price to C$58 from C$54

Cenovus Energy Inc CVE.TO: Raymond James raises raises target price to C$32 from C$30

Cenovus Energy Inc CVE.TO: Raymond James raises to strong buy from outperform

CES Energy Solutions Corp CEU.TO: RBC raises target price to C$11 from C$10

Dorel Industries Inc DIIb.TO: TD Cowen raises raises target price to C$2.50 from C$1

Dorel Industries Inc DIIb.TO: TD Cowen raises to hold from sell

Enbridge Inc ENB.TO: CIBC cuts to neutral from outperformer

Enbridge Inc ENB.TO: CIBC raises target price to C$70 from C$68

Ensign Energy Services Inc ESI.TO: RBC cuts to sector perform from outperform

Ensign Energy Services Inc ESI.TO: RBC raises target price to C$3 from C$2.5

Exchange Income Corp EIF.TO: RBC raises target price to C$85 from C$81

First Majestic Silver Corp AG.TO: BMO raises target price to C$21 from C$18.5

International Petroleum Corp IPCO.TO: Scotiabank raises target price to C$24 from C$23

K92 Mining Inc KNT.TO: Cormark Securities raises target price to C$25 from C$21

Keyera Corp KEY.TO: CIBC raises target price to C$57 from C$56

Lundin Gold Inc LUG.TO: BMO raises target price to C$104 from C$93

Lycos Energy Inc LCX.V: BMO cuts target price to C$1.5 from C$2.5

Lycos Energy Inc LCX.V: BMO cuts to market perform from outperform

Nuvista Energy Ltd NVA.TO: Scotiabank raises target price to C$19 from C$16

Parex Resources Inc PXT.TO: Scotiabank raises target price to C$20 from C$17

Pason Systems Inc PSI.TO: RBC cuts target price to C$14 from C$16

Pembina Pipeline Corp PPL.TO: CIBC raises target price to C$62 from C$60

Prairiesky Royalty Ltd PSK.TO: Scotiabank raises target price to C$29 from C$28

Precision Drilling Corp PD.TO: RBC raises target price to C$110 from C$100

Rogers Communications Inc RCIb.TO: Canaccord Genuity raises target price to C$55 from C$52

Spartan Delta Corp SDE.TO: Scotiabank raises target price to C$8 from C$7.5

TCP Energy Corp TRP.TO: CIBC cuts to neutral from outperformer

TCP Energy Corp TRP.TO: CIBC raises target price to C$77 from C$76

Teck Resources Ltd TECKb.TO: JP Morgan raises target price to C$60 from C$56

Trican Well Service Ltd TCW.TO: RBC raises target price to C$7.5 from C$7

Terrascend Corp TSND.TO: Canaccord Genuity initiates coverage with target price C$2

Terrascend Corp TSND.TO: Canaccord Genuity initiates coverage with buy rating

Vermilion Energy Inc VET.TO: Scotiabank raises target price to C$14 from C$13

Whitecap Resources Inc WCP.TO: Scotiabank raises target price to C$14 from C$12

Zedcor Inc ZDC.V: National Bank of Canada raises target price to C$7.5 from C$5.5

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