Analyst cuts price target on Air Canada, higher fuel costs to blame
National Bank Financial analyst Cameron Doerksen lowered his target on Air Canada (Air Canada Stock Quote, Chart, News, Analysts, Financials TSX:AC) to $37.00 from $40.00, citing higher jet fuel costs that are expected to weigh on profitability through the fourth quarter. As reported by the Globe and Mail, Doerksen maintained his “Outperform” rating on Air […]
Categories: Technology news
Swiss eyecare stock Alcon is undervalued, this investor says
Raymond James Investment Counsel portfolio manager Chris Blumas says Alcon offers an attractive defensive investment supported by aging populations and growing demand for eye care. Speaking on BNN Bloomberg’s Market Call on Oct. 14, Blumas said the Switzerland-based eye care company operates two main businesses: contact lenses and surgical products, each accounting for roughly half […]
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What’s not to like about Amazon stock right now?
Murray Wealth Group president Jamie Murray says Amazon (Amazon.com Stock Quote, Chart, News, Analysts, Financials NASDAQ:AMZN) remains a bargain given its retail platform and exposure to AI infrastructure. Speaking on BNN Bloomberg’s Market Call recently, Murray said Amazon combines one of the world’s best retail assets with one of the strongest ways to invest in […]
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Zedcor: Buy, Sell or Hold?
Paradigm Capital analyst Alexandra Ricci says Zedcor’s (Zedcor Stock Quote, Chart, News, Analysts, Financials TSX:ZDC) expanded credit facility gives the company more flexibility to fund fleet growth without issuing equity. In an Oct. 14 update, Ricci maintained her “Buy” rating and $7.60 target on Zedcor. Zedcor announced that National Bank expanded its committed credit facility […]
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TD Cowen thinks Propel Holdings is undervalued
TD Cowen analyst Graham Ryding maintained his “Buy” rating and $37.00 target on Propel Holdings (Propel Holdings Stock Quote, Chart, News, Analysts, Financials TSX:PRL). As reported by the Globe and Mail, Ryding said he expects continued growth from Propel’s lending-as-a-service and MoneyKey Bank Service programs, which represented 28% of total revenue in Q2 2026, up […]
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How long can Canadian consumers keep spending?
RBC economist Abbey Xu notes that Canadian consumers kept spending in September, though momentum eased as gasoline prices rose. In RBC’s latest Consumer Spending Tracker, Xu said RBC Canadian cardholder spending continued to grow in September, but three-month average growth softened. RBC’s estimate of core retail sales, excluding gasoline and autos, rose 0.4% on a […]
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Buy Graham Corporation on the pullback, analyst says
Beacon Securities analyst Russell Stanley reiterated his “Buy” rating and $130.00 target on Graham Corporation (Graham Corporation Stock Quote, Chart, News, Analysts, Financials NYSE:GHM), arguiing that the stock’s recent pullback has created a buying opportunity. In an Oct. 14 update, Stanley noted that Graham has fallen 43% from its all-time and 52-week highs near US$126.00 […]
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iFabric is just getting started, this analyst says
Beacon Securities analyst Doug Cooper says iFabric’s (iFabric Stock Quote, Chart, News, Analysts, Financials TSX:IFA) medical scrubs opportunity is being highlighted by the recent rally in medical apparel manufacturer FIGS, an American maker of medical scrubs. In an Oct. 13 update, Cooper maintained his “Buy” rating and $9.50 price target on iFabric, pointing to FIGS […]
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MDA Space stock is a double from here, analyst says
Beacon Securities analyst Russell Stanley reiterated his “Buy” rating and street-high $88.00 target on MDA Space (MDA Space Stock Quote, Chart, News, Analysts, Financials TSX:MDA) after Czechoslovak Group acquired a 9.5% stake in the company. In an Oct. 13 update, Stanley said the investment makes CSG, a major Czech defence-industrial and engineering group, MDA’s largest […]
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Can Hammond Power stock go even higher?
National Bank Financial analyst Baltej Sidhu raised his target on Hammond Power Solutions (Hammond Power Solutions Stock Quote, Chart, News, Analysts, Financials TSX:HPS.A) to $380.00 from $355.00 on Oct. 13 after touring the company’s Monterrey, Mexico facility. As reported by the Globe and Mail, Sidhu maintained his “Outperform” rating on Hammond. The average target is […]
Categories: Technology news
What’s going on with Canada’s job losses?
RBC senior economist Claire Fan says Canada’s September job losses were concentrated among younger workers and should not be overread. In an Oct. 9 employment report, Fan noted that Canada lost 68,000 jobs in September, adding to a 42,000-job decline in August. The September decline reversed most of the job growth recorded over the summer […]
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This biotech stock has a massive upside, Roth says
Roth Capital Partners analyst Adam Walsh says a third controlled celiac disease dataset supporting IL-15 blockade increases the potential value of Equillium’s (Equillium Stock Quote, Chart, News, Analysts, Financials NASDAQ:EQ) EQ302 program. In an Oct. 8 update, Walsh reiterated his “Buy” rating and US$12.00 target on Equillium. Walsh said Belgian-Dutch pharmaceutical company argenx reported positive […]
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Red-hot Firan Technology wins another price target raise
Beacon Securities analyst Russell Stanley raised his target on Firan Technology Group (Firan Technology Group Stock Quote, Chart, News, Analysts, Financials TSX:FTG) to $36.00 from $30.00 after Q3 results beat street-high estimates across core metrics. In an Oct. 8 update, Stanley reiterated his “Buy” rating on Firan. Firan reported Q3 revenue of $64-million, Adjusted EBITDA […]
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Buy this Canadian pot stock, Research Capital says
Research Capital Corporation analyst Greg McLeish maintained his “Buy” rating and $3.50 target on Cannara Biotech (Cannara Biotech Stock Quote, Chart, News, Analysts, Financials TSX:LOVE) after the company expanded its international supply agreement with Curaleaf. McLeish said the expanded agreement strengthens visibility on Cannara’s international growth opportunity. The long-term supply agreement with Curaleaf International increases […]
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Amazon is still a “reasonably cheap” stock, this investor says
Propellus Wealth Partners portfolio manager and senior wealth advisor Mike Vinokur says Amazon (Amazon.com Stock Quote, Chart, News, Analysts, Financials NASDAQ:AMZN) is not a traditional value stock, but remains a high-quality platform with multiple growth drivers. Speaking on BNN Bloomberg’s Market Call recently, Vinokur said Amazon is not cheap, pays no dividend and is spending […]
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Is AmeriTrust Financial Technologies undervalued?
Clarus Securities analyst Noel Atkinson reiterated his “Speculative Buy” rating and $0.30 target on AmeriTrust Financial Technologies (AmeriTrust Financial Technologies In Stock Quote, Chart, News, Analysts, Financials TSXV:AMT) after the company raised proceeds from warrant exercises. In a recent update, Atkinson noted that AmeriTrust’s balance sheet has improved significantly this year, helped by $35.1-million of […]
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Nvidia is still a cheap stock, this fund manager says
Murray Wealth Group CEO and CIO Bruce Murray says Nvidia (Nvidia Stock Quote, Chart, News, Analysts, Financials NASDAQ:NVDA) remains a core AI holding despite its size and strong past performance. Speaking on BNN Bloomberg’s Market Call on Oct. 2, Murray compared buying Nvidia today to buying General Motors in 1920, saying the company is dominating […]
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Is IC Group Holdings undervaled?
Beacon Securities analyst Gabriel Leung is keeping his eye on IC Group Holdings saying the company offers exposure to consumer engagement, mobile messaging and risk management software. Winnipeg-based IC Group is a marketing technology company serving customers across mobile messaging, digital promotions and live event experiences. The company operates through three divisions: IC Engage, IC […]
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Tilray: why this analyst just cut his price target
Haywood Securities analyst Neal Gilmer says lower Canadian cannabis market share is weighing on Tilray Brands (Tilray Brands Stock Quote, Chart, News, Analysts, Financials TSX:TLRY) ahead of its fiscal Q1 results. In an Oct. 2 preview, Gilmer maintained his “Hold” rating and lowered his target to US$4.00 from US$5.00. Tilray is scheduled to report its […]
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Why National Bank likes Anaergia right now
National Bank Financial analyst Baltej Sidhu says Anaergia’s (Anaergia Stock Quote, Chart, News, Analysts, Financials TSX:ANRG) divestiture of two legacy assets leaves the company with a cleaner portfolio and better earnings quality. As reported by the Globe and Mail, Sidhu has reiterated his “Outperform” rating and $5.00 target on Anaergia. Recently, Anaergia agreed to divest […]
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