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CANADA RESEARCH ROUNDUP-ARC Resources, CIBC, Scotiabank

ReutersFeb 9, 2026 5:58 PM

- Securities analysts revised their ratings and price targets for several Canadian companies on Monday, including ARC Resources, CIBC and Scotiabank.

HIGHLIGHTS

ARC Resources Ltd ARX.TO: CIBC cuts to neutral from outperform

CIBC CM.TO: TD Cowen raises target price to C$142 from C$134

ERO Copper Corp ERO.TO: BofA Global Research cuts target price to C$45 from C$49

Scotiabank BNS.TO: TD Cowen raises target price to C$112 from C$104

TMX Group Ltd X.TO: Raymond James raises to strong buy from outperform

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

Americas Gold and Silver Corporation USA.TO: TD Cowen initiates coverage with a price target of C$13

Americas Gold and Silver Corporation USA.TO: TD Cowen initiates coverage with buy rating

ARC Resources Ltd ARX.TO: CIBC cuts target price to C$25.5 from C$27.5

ARC Resources Ltd ARX.TO: CIBC cuts to neutral from outperform

ARC Resources Ltd ARX.TO: Raymond James cuts target price to C$28 from C$31

ARC Resources Ltd ARX.TO: Raymond James cuts to market perform from outperform

Bank of Montreal BMO.TO: TD Cowen raises target price to C$219 from C$209

Barrick Mining ABX.TO: National Bank of Canada cuts target price to C$75 from C$82.50

BRP Inc DOO.TO: Seaport Research Partners initiates coverage with buy rating; price target C$142

CIBC CM.TO: TD Cowen raises target price to C$142 from C$134

Cameco Corp CCO.TO: Raymond James raises target price to C$180 from C$165

ERO Copper Corp ERO.TO: BofA Global Research cuts target price to C$45 from C$49

ERO Copper Corp ERO.TO: BofA Global Research cuts rating to neutral from buy

National Bank of Canada NA.TO: TD Cowen cuts target price to C$175 from C$181

RBC RY.TO: TD Cowen raises target price to C$260 from C$246

Scotiabank BNS.TO: TD Cowen raises target price to C$112 from C$104

Teck Resources Ltd TECKb.TO: Raymond James raises target price to C$77 from C$70

TMX Group X.TO: Barclays cuts target price to C$52 from C$59

TMX Group Ltd X.TO: Raymond James raises target price to C$61 from C$59

TMX Group Ltd X.TO: Raymond James raises to strong buy from outperform

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