Canada Research Roundup: AGF Management, Cardinal Energy, Imperial Oil

Suncor Energy (Canada)

13/10/2026 08:30

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Oct 13 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including AGF Management, Cardinal Energy and Imperial Oil on Tuesday.
     
HIGHLIGHTS  
      
* AGF Management Ltd AGFb.TO: CIBC initiates coverage with outperformer rating
* Cardinal Energy Ltd CJ.TO: RBC cuts to sector perform from outperform
* Imperial Oil IMO.TO: RBC raises target price to C$133 from C$123 
* Parex Resources Inc. PXT.TO: RBC raises target price to C$32 from C$29 
* Suncor Energy Inc SU.TO: RBC raises target price to C$110 from C$100 
     
Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday. Stock entries are in alphabetical order.
     
* AGF Management Ltd AGFb.TO: CIBC initiates coverage with outperformer rating
* AGF Management Ltd AGFb.TO: CIBC initiates coverage with target price C$21 
* Aritzia Inc ATZ.TO: Jefferies cuts target price to C$160 from C$175 
* Aritzia Inc ATZ.TO: Jefferies cuts to hold from buy
* Aritzia Inc ATZ.TO: Truist Securities raises target price to C$200 from C$195 
* Baytex Energy Corp BTE.TO: RBC raises target price to C$7.5 from C$7 
* BCE Inc BCE.TO: Canaccord Genuity raises to buy from hold 
* BCE Inc BCE.TO: Barclays cuts target price to C$34 from C$35 
* Canada Packers Inc CPKR.TO: Canaccord Genuity cuts PT to C$17.50 from C$20.50 
* Canadian Natural Resources Ltd CNQ.TO: RBC raises target price to C$86 from C$79 
* Cardinal Energy Ltd CJ.TO: RBC raises target price to C$14.5 from C$14 
* Cardinal Energy Ltd CJ.TO: RBC cuts to sector perform from outperform
* Cenovus Energy Incorporation CVE.TO: RBC raises target price to C$53 from C$51 
* Cenovus Energy Incorporation CVE.TO: TD Cowen raises target price to C$50 from C$49 
* Dexterra Group Inc DXT.TO: Atb Cormark Capital Markets raises PT to C$25 from C$19.5 
* Element Fleet Management Corp. EFN.TO: CIBC cuts target price to C$33 from C$41 
* Fiera Capital Corporation FSZ.TO: CIBC initiates coverage with neutral rating
* Fiera Capital Corporation FSZ.TO: CIBC initiates coverage with target price C$5 
* First Mining Gold Corp FF.TO: Ventum Financial raises PT to C$1.6 from C$1.4 
* Gibson Energy Inc GEI.TO: JP Morgan raises target price to C$31 from C$30 
* Greenfire Resources Ltd GFR.TO: RBC raises target price to C$11 from C$10.5 
* Hammond Power Solutions HPSa.TO: JP Morgan cuts target price to C$400 from C$430 
* Hammond Power Solutions HPSa.TO: National Bank of Canada ups PT to C$380 from C$355 
* Imperial Oil IMO.TO: RBC raises target price to C$133 from C$123 
* International Petroleum Corporation IPCO.TO: RBC raises PT to C$39 from C$38 
* Keyera Corp KEY.TO: Barclays cuts target price to C$56 from C$61 
* MTY Food Group Inc MTY.TO: National Bank of Canada cuts PT to C$37 from C$40 
* MTY Food Group Inc MTY.TO: Raymond James cuts target price to C$35 from C$40 
* MTY Food Group Inc MTY.TO: Scotiabank cuts target price to C$36 from C$40 
* MTY Food Group Inc MTY.TO: TD Cowen cuts target price to C$32 from C$38 
* Parex Resources Inc PXT.TO: RBC raises target price to C$32 from C$29 
* Penn West Petroleum Ltd (Alberta) OBE.TO: RBC raises target price to C$19 from C$17 
 * Quebecor Inc QBRb.TO: National Bank of Canada cuts target price to C$71 from C$74 
* Richelieu Hardware Ltd. RCH.TO: CIBC raises target price to C$42 from C$39 
* Rockpoint Gas Storage Inc. RGSI.TO: TD Cowen cuts target price to C$25 from C$28 
* Sprott Inc SII.TO: CIBC initiates coverage with outperformer rating
* Sprott Inc SII.TO: CIBC initiates coverage with target price C$195 
* Strathcona Resources Ltd SCR.TO: RBC raises target price to C$49 from C$48 
* Suncor Energy Inc SU.TO: RBC raises target price to C$110 from C$100 
* Telus Corp T.TO: Barclays cuts target price to C$14 from C$15 
* Winpak Ltd WPK.TO: National Bank of Canada raises target price to C$50 from C$49 
     
     

(Compiled by Bengaluru Newsroom)
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