Canada Research Roundup: Canadian National Railway, Intact Financial, Wellstar Technologies

Evonik Industries AG

05/10/2026 08:20

Oct 5 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Canadian National Railway, Intact Financial and Wellstar Technologies on Monday. 

HIGHLIGHTS   

* Air Canada AC.TO: TD Cowen raises target price to C$37 from C$29 
* Canadian National Railway Co CNR.TO: JP Morgan cuts target price to C$178 from C$182 
* Intact Financial Corp IFC.TO: Jefferies cuts target price to C$340 from C$356 
* Russel Metals Inc. RUS.TO: Scotiabank raises target price to C$113 from C$89 
* Wellstar Technologies Corp. WSTR.V: RBC initiates coverage with outperform rating

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

   
* Aecon Group Inc. ARE.TO: BMO raises target price to C$60 from C$49 
* Air Canada AC.TO: TD Cowen raises target price to C$37 from C$29 
* Allied Properties REIT AP_u.TO: Scotiabank cuts target price to C$9 from C$10.5 
* Canadian National Railway Co CNR.TO: JP Morgan cuts target price to C$178 from C$182 
* Canadian Pacific Kansas City CP.TO: JP Morgan raises target price to C$156 from C$153 
* Canadian National Railway Co CNR.TO: UBS cuts target price to C$180 from C$184 
* D2L Inc DTOL.TO: Canaccord Genuity resumes coverage with price target C$14.50 
* D2L Inc DTOL.TO: Canaccord Genuity resumes coverage with buy rating
* Definity Financial Corporation DFY.TO: Jefferies raises target price to C$98 from C$97 
* Equinox Gold Corp. EQX.TO: Canaccord Genuity raises target price to C$25 from C$23 
* Fortis Inc. FTS.TO: Jefferies cuts target price to C$70 from C$84 
* Hudbay Minerals Inc. HBM.TO: National Bank of Canada raises target price to C$42.5 from C$41 
* Intact Financial Corp IFC.TO: Jefferies cuts target price to C$340 from C$356 
* Mullen Group Ltd. MTL.TO: CIBC raises target price to C$29 from C$28 
* Russel Metals Inc. RUS.TO: Scotiabank raises target price to C$113 from C$89 
* Wellstar Technologies Corp. WSTR.V: RBC initiates coverage with outperform rating
* Wellstar Technologies Corp. WSTR.V: RBC initiates coverage with price target C$10 
* Wellstar Technologies Corp. WSTR.V: TD Cowen initiates coverage with PT C$8.5 
* Wellstar Technologies Corp. WSTR.V: TD Cowen initiates coverage with buy rating

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))