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CANADA RESEARCH ROUNDUP-Air Canada, Boralex, Stack Capital Group

ReutersJan 21, 2026 5:33 PM

- Securities analysts revised their ratings and price targets on several Canadian companies, including Air Canada, Boralex and Stack Capital Group, on Wednesday.

HIGHLIGHTS

Air Canada AC.TO: CIBC raises target price to C$24 from C$23

Boralex Inc BLX.TO: CIBC cuts target price to C$36 from C$37

MDA Space Ltd MDA.TO: Scotiabank raises target price to C$42 from C$38

Pan American Silver Corp PAAS.N: Jefferies cuts target price to $54 from $58

Stack Capital Group Inc STCK.TO: Canaccord Genuity raises PT to C$19 from C$15.75

Tourmaline Oil TOU.TO: Scotiabank cuts target price to C$75 from C$80

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

Air Canada AC.TO: CIBC raises target price to C$24 from C$23

Atco Ltd ACOx.TO: CIBC raises target price to C$69 from C$68

Bombardier BBDb.TO: BMO raises target price to C$300 from C$240

Bombardier BBDb.TO: CIBC cuts to neutral from outperformer

Bombardier BBDb.TO: CIBC raises target price to C$290 from C$230

Bombardier BBDb.TO: Scotiabank cuts to sector perform from sector outperform

Bombardier BBDb.TO: Scotiabank raises target price to C$295 from C$230

Boralex Inc BLX.TO: CIBC cuts target price to C$36 from C$37

CAE Inc CAE.TO: CIBC raises target price to C$56 from C$47

CAE Inc CAE.TO: Scotiabank raises target price to C$57 from C$49

Canadian National Railway Co CNR.TO: Scotiabank raises target price to C$163 from C$160

Canadian Pacific Kansas City CP.TO: Scotiabank raises target price to C$124 from C$119

Canadian Utilities Ltd CU.TO: CIBC raises target price to C$45 from C$44

Capital Power Corp CPX.TO: CIBC raises target price to C$82 from C$81

Cargojet Inc CJT.TO: Scotiabank raises target price to C$115 from C$105

CCL Industries Inc CCLb.TO: TD Cowen raises target price to C$105 from C$100

Centerra Gold Inc CG.TO: BMO raises target price to C$32 from C$20

Centerra Gold Inc CG.TO: BMO raises to outperform from market perform

Centerra Gold Inc CG.TO: Raymond James raises target price to C$27 from C$24.50

Chorus Aviation Inc CHR.TO: CIBC cuts target price to C$31 from C$32

Exchange Income Corp EIF.TO: CIBC raises target price to C$106 from C$93

Exchange Income Corp EIF.TO: Scotiabank raises target price to C$105 from C$90

G Mining Ventures Corp GMIN.TO: BMO raises target price to C$55 from C$47

IGM Financial Inc IGM.TO: CIBC raises target price to C$68 from C$61

Lundin Mining Corp LUN.TO: BofA Global Research raises price objective to C$40.50 from C$28.50

MDA Space Ltd MDA.TO: Scotiabank raises target price to C$42 from C$38

Mercer International Inc MERC.O: TD Cowen cuts to sell from hold

Mercer International Inc MERC.O: TD Cowen raises target price to $2.25 from $2

Methanex Corp MEOH.O: Scotiabank raises target price to $60 from $48

Pan American Silver Corp PAAS.N: Jefferies cuts target price to $54 from $58

Stack Capital Group Inc STCK.TO: Canaccord Genuity raises PT to C$19 from C$15.75

TFI International Inc TFII.N: Stifel raises target price to $113 from $100

TFI International Inc TFII.TO: Scotiabank raises target price to C$170 from C$140

Tourmaline Oil TOU.TO: Scotiabank cuts target price to C$75 from C$80

Transalta Corp TA.TO: Jefferies cuts target price to C$22 from C$27

West Fraser Timber Co Ltd WFG.N: TD Cowen raises target price to $93 from $88

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