Canadian Analyst Updates: Sept 15th, 2026
Canadian analysts updated ratings and price targets for various companies. Enbridge (ENB) and TC Energy (TRP) received upgrades, while Evertz Technologies (ET) saw multiple target reductions. Notable changes include BCE (BCE) upgraded to BUY, Canfor (CFP) raised to STRONG BUY, and West Fraser (WFG) target increased. Several new coverages were initiated, including for Calian Group (CGY) and Skeena Resources (SKE).
How this was made
The 30-second read
Why it matters
The aggregate of rating upgrades, downgrades, and target revisions provides a snapshot of analyst sentiment, potentially influencing short-term price movements for the listed firms.
Market read
While not a single catalyst, the collective rating changes can shift sector sentiment and affect trading decisions for the listed Canadian stocks.
What to watch
Underlying commodity price trends and macroeconomic conditions driving sector-wide rating adjustments.
Background
A weekly analyst rating roundup for Canadian listed companies, covering price target changes and rating actions across multiple sectors.
Ticker impact
TD Securities upgraded BCE to BUY, raising target to $40; other banks kept OUTPERFORM with similar targets.
Potential upside
Upgrade and higher target may attract buyers.
RBC Capital lowered Boyd Group Services target to $224 from $236, rating unchanged.
Modest decline
Target cut signals weaker outlook.
TD Securities maintained BUY on Brookfield Corp with $61 target.
Stable price
No change in rating or target.
Multiple analysts upgraded ENB (Enbridge) to BUY or raised targets around $79‑$84.
Potential upside
Consensus upgrades suggest stronger outlook.
TD Securities kept HOLD on Ero Copper with $45 target; Scotiabank kept OUTPERFORM with $55 target.
Stable
Divergent ratings.
Four analysts lowered Evertz Technologies targets to $15‑$17, ratings ranging from OUTPERFORM to HOLD.
Potential decline
Multiple downgrades signal concerns.
TD Securities kept BUY on Hudbay Minerals with $43 target.
Potential upside
Buy rating supports price.
National Bank initiated coverage on MDA‑Space with OUTPERFORM and $55 target.
Potential upside
New buy rating.
Market effects
Broad analyst rating updates may slightly shift sentiment in Canadian industrials, energy and tech sectors.
Primarily affects Canadian equity market participants and US investors with exposure to listed Canadian stocks.
Limited global impact; serves as a regional sentiment gauge.
Counterpoint
Target cuts and downgrades could be overblown; some analysts maintain buy ratings despite lower targets.
Key entities
- Analyst FirmTD Securities
Provided multiple upgrades and target revisions.
- Analyst FirmRBC Capital
Issued several target cuts and new coverage initiations.
