Tuesday’s analyst upgrades and downgrades
Stifel analyst Daryl Young upgraded Canadian National Railway (CNR) and Canadian Pacific Kansas City (CP) to 'buy', citing improving rail industry conditions and strong growth prospects. He set price targets of $200 for CNR and $150 for CP, above consensus estimates. Desjardins analyst Aditya Gupta initiated IGM Financial (IGM) with a 'buy' rating, highlighting potential value from its Wealthsimple stake and strong capital position.