Canada Research Roundup: First Quantum Minerals, Maple Leaf Foods, Pembina Pipeline

Boyd Services

07/10/2026 08:16

Oct 7 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including First Quantum Minerals, Maple Leaf Foods and Pembina Pipeline on Wednesday. 
     
HIGHLIGHTS   
     
* Enbridge Inc. ENB.TO: Barclays cuts target price to C$73 from C$75 
* First Quantum Minerals Ltd FM.TO: Morgan Stanley raises PT to C$47.3 from C$45.2 
* Maple Leaf Foods Inc. MFI.TO: Desjardins cuts target price to C$36 from C$39 
* Pembina Pipeline Corp PPL.TO: JP Morgan raises target price to C$75 from C$74 
* Suncor Energy Inc SU.TO: JP Morgan cuts target price to C$108 from C$114 
     
Following is a summary of research actions on Canadian companies reported by Reuters on Wednesday. Stock entries are in alphabetical order.
       

* Atco Ltd. ACOx.TO: National Bank of Canada raises target price to C$93 from C$79 
* Atco Ltd. ACOx.TO: TD Cowen raises target price to C$98 from C$7
* Atco Ltd. ACOx.TO: TD Cowen raises to buy from hold
* Bausch + Lomb BLCO.TO: Barclays initiates coverage With Overweight rating and PT C$24 
* Bird Construction Inc. BDT.TO: BMO raises target price to C$95 from C$85
* Black Diamond Group Ltd BDI.TO: BMO raises target price to C$25 from C$22 
* Boyd Group Services Inc BYD.TO: CIBC cuts target price to C$207 from C$208 
* BRP Inc. DOO.TO: UBS cuts target price to C$86 from C$94 
* Canadian Utilities Ltd CU.TO: National Bank of Canada raises target price to C$56 from C$55 
* Canadian Utilities Ltd CU.TO: TD Cowen raises target price to C$57 from C$52 
* Canadian Utilities Ltd CU.TO: TD Cowen raises to buy from hold
* Cenovus Energy Incorporation CVE.TO: JP Morgan cuts target price to C$56 from C$58 
* Definity Financial Corp DFY.TO: Barclays cuts target price to C$76 from C$79 
* Definity Financial Corporation DFY.TO: Scotiabank cuts target price to C$83 from C$84 
* Emera Inc EMA.TO: National Bank of Canada cuts target price to C$74 from C$75 
* Emera Inc EMA.TO: TD Cowen cuts target price to C$75 from C$79 
* Enbridge Inc. ENB.TO: Barclays cuts target price to C$73 from C$75 
* Enerflex Ltd. EFX.TO: BMO raises target price to C$48 from C$45 
* First Quantum Minerals Ltd FM.TO: Morgan Stanley raises target price to C$47.3 from C$45.2 
* Gladiator Metals Corp GLAD.V: Atb Cormark Capital Markets initiates coverage with price target C$4 
* Gladiator Metals Corp GLAD.V: Atb Cormark Capital Markets initiates coverage with outperform rating
* Great-West Lifeco Inc. GWO.TO: Barclays raises target price to C$91 from C$87 
* Intact Financial IFC.TO: Barclays cuts target price to C$299 from C$344 
* Intact Financial Corp IFC.TO: Scotiabank cuts target price to C$315 from C$325 
* Lundin Mining Corporation LUN.TO: Morgan Stanley cuts target price to C$38 from C$39.6 
* Manulife Financial MFC.TO: Barclays raises target price to C$61 from C$59 
* Maple Leaf Foods Inc. MFI.TO: BMO cuts target price to C$30 from C$31 
* Maple Leaf Foods Inc. MFI.TO: Desjardins cuts target price to C$36 from C$39 
* Mattr Corp MATR.TO: BMO raises target price to C$27 from C$24 
* North American Construction Group Ltd NOA.TO: BMO cuts target price to C$22 from C$24 
* Pembina Pipeline Corp PPL.TO: Barclays raises target price to C$70 from C$69 
* Pembina Pipeline Corp PPL.TO: JP Morgan raises target price to C$75 from C$74 
* Pet Valu Holdings Ltd. PET.TO: CIBC initiates coverage with outperformer rating
* Pet Valu Holdings Ltd. PET.TO: CIBC initiates coverage with target price C$22 
* Sun Life Financial SLF.TO: Barclays cuts target price to C$96 from C$98 
* Suncor Energy Inc SU.TO: JP Morgan cuts target price to C$108 from C$114 
* Terravest Industries Inc TVK.TO: BMO cuts target price to C$160 from C$170 

 (Compiled by Bengaluru Newsroom)
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