RBC economists say housing activity in Canada is beginning to pick up after months of recession fears and trade-related uncertainty, but affordability remains a major issue, especially in Vancouver and Toronto. Speaking on the July 24 episode of The 10-Minute Take hosted by RBC economist Carrie Freestone, RBC senior economist Claire Fan noted that while […]

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In a July 24 report, Roth Capital Markets analyst Craig Irwin reiterated a “Buy” rating on Tesla (Tesla Stock Quote, Chart, News, Analysts, Financials NASDAQ:TSLA) and maintained a $395 price target, citing better-than-expected second-quarter results and steady progress on vehicle and robotics programs. He said the 15.0% non-GAAP auto gross margin, which beat consensus by […]

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Roth Capital Markets analyst Rohit Kulkarni maintained a “Buy” rating on Alphabet (Alphabet Stock Quote, Chart, News, Analysts, Financials NYSE:GOOGL) and raised his 12-month price target to $210 following a strong Q2 earnings beat. “GOOGL reported emphatic clean-beat 2Q results, with Search, YouTube, and Cloud Revs accelerating and coming in above expectations,” he said in […]

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In a July 23 report, Haywood Capital Markets analyst Neal Gilmer said he is revising estimates downward after a flat second quarter and a 27% year-to-date decline in the MSOS ETF, as fading optimism around federal reform and growing economic uncertainty continue to weigh on sentiment. “There has been limited progress on federal reform with […]

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Roth Capital Markets has initiated coverage of nVent Electric (nVent Electric Stock Quote, Chart, News, Analysts, Financials NYSE:NVT) with a “Buy” rating and a 12-month price target of $89, saying the company offers a compelling opportunity due to its increased exposure to high-growth markets, trusted brands, and margin expansion potential. nVent Electric is a global […]

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Roth Capital Markets has initiated coverage of Electromed (Electromed Stock Quote, Chart, News, Analysts, Financials NYSE:ELMD) with a “Buy” rating and a 12-month price target of $29, citing strong revenue growth and operating leverage potential. In a July 21 report, analyst Kyle Bauser said Electromed is well-positioned to sustain double-digit growth. Based in Minnesota, the […]

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NervGen Pharma (NervGen Pharma Stock Quote, Chart, News, Analysts, Financials TSXV:NGEN) has appointed board chair Dr. Adam Rogers as interim CEO after Mike Kelly stepped down on July 17. Rogers, who represents NervGen’s largest shareholder, previously served as interim president from September 2022 to April 2023 and owns 17.7% of the company. The Vancouver-based biotech […]

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With Tesla (Tesla Stock Quote, Chart, News, Analysts, Financials NASDAQ:TSLA) set to report second-quarter results, Roth Capital Markets analyst Craig Irwin says investor focus may shift from EV demand concerns to progress on the company’s emerging robotics and autonomous vehicle programs. In a July 22 earnings preview, Irwin said, “Tesla’s emerging robotics and autonomous business […]

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A July 22 report from RBC Economics says stronger-than-expected federal and provincial spending could lift Canada’s economic outlook. RBC Assistant Chief Economist Cynthia Leach said the federal government may delay its 2025 budget until the fall, but higher deficits already appear likely. “Announcements on items like defence, along with extensive election promises, make the direction […]

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The U.S. FDA has granted Fast Track designation to ProMIS Neurosciences’ (ProMIS Neurosciences Stock Quote, Chart, News, Analysts, Financials NASDAQ:PMN) Alzheimer’s candidate PMN310, sending the company’s shares up more than 150% on July 21. The stock closed at US$1.12, up from US$0.44, after peaking at US$1.38 earlier in the session. Leede Financial analyst Douglas Loe […]

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Cresco Labs (Cresco Labs Stock Quote, Chart, News, Analysts, Financials CSE:CL) has announced plans to withdraw from the California market, citing structural challenges as it continues its focus on margin improvement and financial health. Following the announcement, Roth Capital Markets analyst Bill Kirk maintained a “Buy” rating and $2.00 target in a July 21 note, […]

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Firan Technology Group’s (Firan Technology Group Stock Quote, Chart, News, Analysts, Financials TSX:FTG) AFIRS Edge+ product has been approved for use on the Airbus A319/320/321 family, expanding its regulatory clearance in major global markets. In a July 21 note, Beacon Securities analyst Russell Stanley maintained a “Buy” rating and $17.00 target after the company received […]

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National Bank of Canada Financial Markets analyst Richard Tse downgraded TELUS Digital (TELUS Digital Experience Stock Quote, Chart, News, Analysts, Financials TSX:TIXT) to “Sector Perform” from “Outperform” on July 21, saying the stock now looks fairly valued after rising nearly 50% since May. He raised his target price to US$4.00 from US$3.50. The move comes […]

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Cematrix (Cematrix Stock Quote, Chart, News Analysts, Financials TSXV:CEMX) announced another $5.1-million in contract wins on July 21, bringing its year-to-date total to $32-million. In a same-day note, Beacon Securities analyst Russell Stanley maintained a “Buy” rating and $0.45 target price on Cematrix, noting the new awards include a mix of highway, tank base, and […]

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Pinterest (Pinterest Stock Quote, Chart, News, Analysts, Financials NYSE:PINS) is likely to beat expectations when it reports second-quarter earnings on August 7, according to a July 21 note from Roth Capital Markets analyst Rohit Kulkarni. He sees signs of improvement in the ad market and raised his price target to $40 (from $30), while maintaining […]

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Groupon’s (Groupon Stock Quote, Chart, News, Analysts, Financials NASDAQ:GRPN) second-quarter earnings, expected in late July or early August, could further boost the company’s share price, according to Roth Capital Markets analyst Sean McGowan. In a July 21 note, McGowan said investor confidence has been rising as Groupon’s turnaround strategy takes hold, and he anticipates Q2 […]

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The Bank of Canada’s latest Business Outlook Survey shows Canadian businesses are growing more confident, despite softer near-term demand. In a July 21 RBC Economics newsletter, Senior Economist Claire Fan noted that while sales expectations dipped in the second quarter, overall outlooks improved and inflation expectations continued to normalize. The survey, conducted from early to […]

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High Tide’s (High Tide Stock Quote, Chart, News, Analysts, Financials TSXV:HITI) new $30-million financing deal with Cronos Group is a positive move that strengthens its financial position, according to Beacon Securities analyst Doug Cooper. In a July 17 note, Cooper said the Calgary-based cannabis retailer, operating 103 stores in Alberta and Ontario, secured favourable terms […]

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Atlas Engineered Products (Atlas Engineered Products Stock Quote, Chart, News, Analysts, Financials TSX:AEP) has added its ninth facility with the June acquisition of Truss-Worthy Construction Systems, a roof truss and engineered wood products supplier in Colborne, Ontario, Beacon Securities analyst Russell Stanley noted in a July 17 report. He maintained a “Buy” rating and $1.50 […]

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ATS (ATS Stock Quote, Chart, News, Analysts, Financials TSX:ATS) is expected to report a solid fiscal Q1 in early August, with life sciences continuing to lead growth, according to Stifel analyst Justin Keywood, who maintained a “Buy” rating and $52.00 price target in a July 17 note. The company’s exposure to electric vehicles (EVs), which […]

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