Canada Research Roundup: Lunr Royalties, Roots, Scotiabank

The Bank of Nova Scotia

21/08/2026 09:26

Aug 21 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including Lunr Royalties Corp, Roots Corp and Scotiabank, on Friday.
     
HIGHLIGHTS  
      
* Lunr Royalties Corp. LUNR.TO: Jefferies initiates coverage with buy rating
* Toronto-Dominion Bank TD.TO: Barclays raises target price to C$164 from C$140
* Royal Bank of Canada RY.TO: Barclays raises target price to C$300 from C$260
* Roots Corp ROOT.TO: TD Cowen cuts to sell from hold
* Scotiabank BNS.TO: KBW resumes coverage with outperform rating

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

* Bank of Montreal BMO.TO: Barclays raises target price to C$240 from C$203
* Bank of Montreal BMO.TO: KBW resumes coverage with outperform rating; PT C$295
* Bank of Nova Scotia BNS.TO: Barclays raises target price to C$130 from C$110
* BlackRock Silver Corp BRC.V: Canaccord Genuity initiates coverage with speculative buy rating; target price C$2.1
* Canadian Imperial Bank of Commerce CM.TO: Barclays raises PT to C$170 from C$144
* CIBC CM.TO: KBW resumes coverage with market perform rating; target price C$186
* Lunr Royalties Corp. LUNR.TO: Jefferies initiates coverage with buy rating; PT C$24
* National Bank of Canada NA.TO: Barclays raises target price to C$220 from C$188
* Northisle Copper and Gold Inc NCX.V: CIBC initiates coverage with outperformer rating
* Northisle Copper and Gold Inc NCX.V: CIBC initiates coverage with PT C$7
* RBC RY.TO: KBW resumes coverage with market perform rating; target price C$316
* Roots Corp ROOT.TO: TD Cowen cuts to sell from hold; cuts PT to C$4.1 from C$4.5
* Royal Bank of Canada RY.TO: Barclays raises target price to C$300 from C$260
* Scotiabank BNS.TO: KBW resumes coverage with outperform rating; target price C$148
* TD Bank Group TD.TO: KBW resumes coverage with market perform rating; PT C$180
* Toronto-Dominion Bank TD.TO: Barclays raises target price to C$164 from C$140
* Wesdome Gold Mines Ltd WDO.TO: CIBC raises target price to C$35 from C$32

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