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theglobeandmail.comAUG 193 min read$DOO

Wednesday’s analyst upgrades and downgrades

TD Cowen upgraded BRP Inc. (DOO) to 'buy' citing strong demand for side-by-side vehicles and potential tariff exposure reduction. Analyst Brian Morrison raised the target price to $106 and forecasts 6% revenue growth. Air Canada (AC) received a target price increase to $38 from Stifel's Daryl Young following a $2.5B Aeroplan stake sale and strong Q2 results. Scotia's Konark Gupta also raised his target to $37.50. Cadillac Mines (CADY) received an 'outperform' rating from National Bank's Don DeMa

Original reporting
theglobeandmail.com
Published Aug 19, 2026, 1:15 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Aug 19, 2026, 1:22 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Wednesday’s analyst upgrades and downgrades — source image
Source · theglobeandmail.com
Decision brief

The 30-second read

$DOOBullishMed
01

Why it matters

Both upgrades suggest near‑term bullish pressure on the stocks, driven by operational improvements and financing actions.

02

Market read

Analyst upgrades provide fresh price targets and positive outlooks, offering actionable insight for traders.

03

What to watch

Potential supply chain constraints and currency fluctuations could offset the projected benefits.

Relevance 7/10Novelty 7/10Timing: today

Background

The article aggregates analyst upgrades and target revisions for BRP Inc. and Air Canada, plus a brief mention of Cadillac Mines IPO.

Company-level read

Ticker impact

$DOOBullishHigh confidence
Context

TD Cowen upgraded BRP Inc. to buy with a new $106 price target, citing tariff relief and stronger product pricing.

Expected impact

Bullish, target price suggests ~10% upside from current levels.

Evidence & confidence

Analyst upgrade with specific financial revisions and a higher price target provides a clear actionable signal.

Market effects

Sector

Positive for the powersports and airline sectors as tariff relief and financing improvements are highlighted.

Regional

North American equities may see modest gains from these upgrades.

Global

Limited to investors focused on BRP and Air Canada.

Counterpoint

What could challenge this read

Tariff relief may be overstated; underlying demand could soften, limiting upside.

Key entities

  • Company
    BRP Inc.

    Manufacturer of side‑by‑side vehicles and powersports equipment.

  • Company
    Air Canada

    Canada's largest airline, selling a stake in its Aeroplan loyalty program.

Read at source← All news

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