Analyst Upgrades and Downgrades to Watch This Tuesday
Analysts have issued several key upgrades and downgrades this Tuesday that could impact the investment landscape. These actions reflect ongoing evaluations of companies based on recent performance, market trends, and future outlooks.
Allied Properties REIT Analyst Recommendations
National Bank Financial analyst Matt Kornack has upgraded Allied Properties REIT (AP.UN-T) to “sector perform” from “underperform.” This shift follows the REIT’s announcement of a significant 60% cut in its monthly distribution, reducing it from 15 cents to 6 cents per unit. Despite this positive move, Kornack cautions that further improvements are necessary for the company’s balance sheet.
- Previous Distribution: 15 cents per unit
- Revised Distribution: 6 cents per unit
- Prior Analyst Rating: Underperform
- New Analyst Rating: Sector Perform
The drop in distribution aims at enhancing the company’s positioning amidst a slower office market recovery. Kornack has lowered his target for Allied units by $1 to $13, citing concerns over management credibility due to recent capital allocation decisions.
Upswing in Bombardier Inc. Ratings
In another notable change, National Bank Financial’s analyst Cameron Doerksen remains optimistic on Bombardier Inc. (BBD.B-T). He reaffirms an “outperform” rating with a target price boost from $234 to $263. Doerksen highlights the strong performance of Bombardier’s shares, which have increased by 127% year-to-date, significantly outperforming the overall market.
- Year-to-Date Gain: 127%
- Previous Target Price: $234
- New Target Price: $263
The analyst points to two promising catalysts: healthy business jet market conditions and ongoing momentum in the Defense segment. This optimism is further supported by an $16.6 billion backlog and substantial growth in aircraft deliveries.
Equinox Gold Corp’s Positive Ratings
TD Cowen analyst Wayne Lam has upgraded Equinox Gold Corp. (EQX-T) with a “buy” rating and increased the price target from $20 to $22. His confidence stems from robust operational momentum and a favorable production outlook in Canada.
- Previous Target Price: $20
- New Target Price: $22
- Key Projects: Greenstone and Valentine ramp-ups, Castle Mountain Phase 2
Lam identifies potential catalysts for share growth, including accelerated debt repayments and positive movements in the production of both flagship Canadian assets.
WSP Global Sees AI as an Opportunity
Desjardins Securities analyst Benoit Poirier provided an update on WSP Global Inc. (WSP-T). He maintains a “buy” rating with a target price of $306, asserting that the firm views AI as an opportunity rather than a threat. He believes WSP is well-positioned to leverage AI for growth as organic expansion accelerates.
- Current Price Target: $306
- 52-Week High Drop: 16%
Poirier expresses optimism about WSP’s ability to attain an adjusted EBITDA margin of 19-20% by 2027, illustrating strong growth potential in the coming years.
CES Energy Solutions Growth Outlook
ATB Capital Markets analyst Tim Monachello emphasizes the strong growth trajectory for CES Energy Solutions Corp. (CEU-T) after recent discussions with company executives. He raised his adjusted EBITDA estimate for 2026 by 2% to $440 million and increased his price target from $12 to $14.
- Previous Price Target: $12
- New Price Target: $14
Monachello highlights significant opportunities in both the Gulf of Mexico and heavy oil markets, supporting a favorable outlook for CES Energy’s future earnings.
Overall, these analyst actions demonstrate a dynamic evaluation of market conditions and company performance, offering insights for investors looking to navigate the current financial landscape.
