Canada Research Roundup: Air Canada, Loblaw Companies, Saputo

Enbridge

22/10/2026 08:36

Oct 22 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including Air Canada, Loblaw Companies and Saputo, on Thursday.

HIGHLIGHTS   
     
* Air Canada AC.TO: Canaccord Genuity raises to buy from hold
* Centerra Gold Inc. CG.TO: RBC raises target price to C$30 from C$28 
* DPM Metals Inc. DPM.TO: RBC raises target price to C$68 from C$65 
* Loblaw Companies Ltd L.TO: CIBC initiates coverage with outperformer rating
* Saputo Inc. SAP.TO: CIBC initiates coverage with neutral rating

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

* AGF Management Ltd AGFb.TO: BMO assumes coverage with target price C$19 
* AGF Management Ltd AGFb.TO: BMO assumes coverage with market perform rating
* Air Canada AC.TO: Canaccord Genuity cuts target price to C$25 from C$29 
* Air Canada AC.TO: Canaccord Genuity raises to buy from hold
* Alimentation Couche-Tard Inc ATD.TO: CIBC initiates coverage with neutral rating
* Alimentation Couche-Tard Inc ATD.TO: CIBC initiates coverage with price target C$93 
* Allied Properties REIT AP_u.TO: TD Cowen cuts target price to C$6.50 from C$10.00 
* Altagas Ltd. ALA.TO: CIBC cuts target price to C$58 from C$60 
* Altagas Ltd. ALA.TO: CIBC cuts to neutral from outperformer
* Artemis Gold Inc. ARTG.V: RBC raises target price to C$62 from C$60 
* Automotive Properties REIT APR_u.TO: TD Cowen cuts PT to C$13.00 from C$13.50 
* Abaxx Technologies ABXX.TO: ATBCormark Capital Markets cuts PT to C$80.00 from C$95.00 
* Boardwalk REIT BEI_u.TO: TD Cowen cuts PT to C$76.00 from C$82.00 
* Capreit CAR_u.TO: TD Cowen cuts target price to C$41.00 from C$45.00 
* Centerra Gold Inc. CG.TO: RBC raises target price to C$30 from C$28 
* Chartwell Retirement Residences CSH_u.TO: TD Cowen cuts PT to C$26.00 from C$27.00 
* Crombie REIT  CRR_u.TO: TD Cowen cuts PT to C$18.00 from C$19.00 
* CT REIT CRT_u.TO: TD Cowen cuts PT to C$18.00 from C$19.00 
* DPM Metals Inc. DPM.TO: RBC raises target price to C$68 from C$65 
* Dream Impact Trust MPCT_u.TO: TD Cowen cuts target price to C$1.50 from C$2.00 
* Dream Industrial REIT DIR_u.TO: TD Cowen cuts target price to C$15.00 from C$16.00 
* Dream Office REITD_u.TO: TD Cowen cuts PT to C$17.00 from C$19.00 
* Dream Unlimited Corp DRM.TO: TD Cowen cuts target price to C$25.00 from C$30.00 
* Empire Company Limited EMPa.TO: CIBC initiates coverage with neutral rating
* Empire Company Limited EMPa.TO: CIBC initiates coverage with price target C$57 
* Enbridge Inc. ENB.TO: CIBC cuts target price to C$75 from C$79 
* Extendicare Inc. EXE.TO: TD Cowen cuts target price to C$36.00 from C$39.00 
* Faraday Copper Corp FDY.TO: Raymond James raises target price to C$9.25 from C$8.5 
* George Weston Limited WN.TO: CIBC initiates coverage with outperformer rating
* George Weston Limited WN.TO: CIBC initiates coverage with price target C$134 
* Gibson Energy Inc. GEI.TO: CIBC cuts to neutral from outperformer 
* Granite REITGRT_u.TO: TD Cowen cuts target price to C$99.00 from C$103.00 
* Hudbay Minerals HBM.TO: BofA Global Research cuts price objective to C$44.50 from C$45.50 
* Hudbay Minerals Inc. HBM.TO: Raymond James cuts target price to C$42 from C$43 
* Hudbay Minerals Inc. HBM.TO: TD Cowen raises target price to C$44 from C$43 
* Hudbay Minerals Inc. HBM.TO: UBS cuts target price to C$45 from C$46 
* IGM Financial Inc IGM.TO: BMO assumes coverage with target price C$96 vs C$83 
* IGM Financial Inc IGM.TO: BMO assumes coverage with outperform vs market perform rating
* K92 Mining Inc. KNT.TO: RBC cuts target price to C$40 from C$45 
* Keyera Corp. KEY.TO: CIBC cuts target price to C$65 from C$66 
* Killam Apartment REIT KMP_u.TO: TD Cowen cuts target price to C$21.00 from C$22.00 
* Loblaw Companies Ltd L.TO: CIBC initiates coverage with outperformer rating
* Loblaw Companies Ltd L.TO: CIBC initiates coverage with price target C$81 
* Metro Inc. MRU.TO: CIBC initiates coverage with outperformer rating
* Metro Inc. MRU.TO: CIBC initiates coverage with price target C$112 
* Morguard North American Residential REIT MRG_u.TO:TD Cowen cuts PT to C$21.00 from C$24.00 
* Northview Residential REIT NRR_u.TO: TD Cowen cuts PT rice to C$16.00 from C$17.50 
* Oceanagold Corp OGC.TO: RBC cuts target price to C$64 from C$66 
* Pembina Pipeline Corporation PPL.TO: CIBC cuts target price to C$71 from C$73 
* Pembina Pipeline Corporation PPL.TO: CIBC cuts to neutral from outperformer
* Riocan REIT REI_u.TO: TD Cowen cuts target price to C$25.00 from C$26.00 
* Saputo Inc. SAP.TO: CIBC initiates coverage with neutral rating
* Saputo Inc. SAP.TO: CIBC initiates coverage with price target C$45 
* Sienna Senior Living Inc SIA.TO: TD Cowen cuts target price to C$26.00 from C$28.00 
* Smartcentres REIT SRU_u.TO: TD Cowen cuts target price to C$31.00 from C$33.00 
* Storagevault Canada Inc SVI.TO: TD Cowen cuts target price to C$5.50 from C$6.00 
* Storagevault Canada Inc SVI.TO: Canaccord Genuity cuts target to C$5.25 from C$5.75 
* Shopify Inc SHOP.TO: ATB Cormark Capital Markets cuts PT to C$234.00 from C$260.00 
* Shopify In SHOP.TO: ATB Cormark Capital Markets cuts to sector perform from outperform 
* TCP Energy Corporation TRP.TO: CIBC cuts target price to C$99 from C$103 
* TCP Energy Corporation TRP.TO: JP Morgan cuts target price to C$102 from C$106 
* Vital Infrastructure Property Trust VITL_u.TO: TD Cowen cuts PT to C$5.50 from C$6.00 

 (Compiled by Bengaluru Newsroom)
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