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CANADA RESEARCH ROUNDUP-Aritzia, Hudbay Minerals, TCP Energy

ReutersMay 4, 2026 2:42 PM
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- Securities analysts revised their ratings and price targets on several Canadian companies on Monday, including Aritzia, Hudbay Minerals and TCP Energy.

HIGHLIGHTS

Aritzia Inc ATZ.TO: RBC raises target price to C$175 from C$150

Bank of Montreal BMO.TO: Scotiabank raises target price to C$209 from C$208

CIBC CM.TO: Scotiabank raises target price to C$159 from C$153

Hudbay Minerals Inc HBM.TO: Canaccord Genuity cuts target price to C$40 from C$41

TCP Energy Corp TRP.TO: CIBC raises target price to C$94 from C$89

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

Agnico Eagle Mines Ltd AEM.TO: ATB Cormark Capital Markets raises to outperform from sector perform

Air Canada AC.TO: Canaccord Genuity cuts target price to C$20 from C$21

Air Canada AC.TO: JP Morgan cuts target price to C$23 from C$27

Aritzia Inc ATZ.TO: CIBC raises target price to C$155 from C$148

Aritzia Inc ATZ.TO: RBC raises target price to C$175 from C$150

Badger Infrastructure Solutions BDGI.TO: Canaccord Genuity raises to buy from hold

Badger Infrastructure Solutions BDGI.TO: Canaccord Genuity ups PT to C$90 from C$70

Badger Infrastructure Solutions BDGI.TO: CIBC raises target price to C$85 from C$78

Badger Infrastructure Solutions BDGI.TO: TD Cowen raises PT to C$92 from C$79

Badger Infrastructure Solutions Ltd BDGI.TO: Raymond James raises to outperform from market perform

Badger Infrastructure Solutions Ltd BDGI.TO: Raymond James raises PT to C$77 from C$73

Badger Infrastructure Solutions Ltd BDGI.TO: Stifel raises PT to C$94 from C$82

Bank of Montreal BMO.TO: Scotiabank raises target price to C$209 from C$208

CIBC CM.TO: Scotiabank raises target price to C$159 from C$153

Definity Financial Corp DFY.TO: Jefferies raises target price to C$81 from C$76

Fairfax Financial Holdings Ltd FFH.TO: BMO cuts target price to C$2,400 from C$2,550

Fairfax Financial Holdings Ltd FFH.TO: Raymond James raises PT to C$3050 from C$3000

First Quantum FM.TO: Barclays cuts target price to C$42.2 from C$44.6

Hemlo Mining Corp HMMC.V: TD Cowen initiates coverage with buy rating

Hemlo Mining Corp HMMC.V: TD Cowen initiates coverage with target price C$9

Hudbay Minerals Inc HBM.TO: Canaccord Genuity cuts target price to C$40 from C$41

Imperial Oil IMO.TO: JP Morgan cuts target price to C$149 from C$155

Intact Financial Corp IFC.TO: Jefferies raises target price to C$324 from C$306

National Bank of Canada NA.TO: Scotiabank raises target price to C$214 from C$202

RBC RY.TO: Scotiabank raises target price to C$252 from C$247

TCP Energy TRP.TO: Barclays raises target price to C$92 from C$88

TCP Energy Corp TRP.TO: CIBC raises target price to C$94 from C$89

TD Bank Group TD.TO: Scotiabank raises target price to C$150 from C$142

TD Bank Group TD.TO: Scotiabank raises target price to C$150 from C$142

TD Bank Group TD.TO: Scotiabank raises to sector outperform from sector perform

Terravest Industries Inc TVK.TO: Scotiabank cuts target price to C$178 from C$187

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