
Analyst Upgrades and Downgrades: Key Insights from Monday's Market Actions
2025-07-14
Author: Benjamin
Market Movements Under the Microscope
In the world of finance, analyst ratings can dramatically influence stock movements. Here’s a roundup of critical upgrades and downgrades from Monday that investors should keep an eye on.
Interrent REIT Hits a Snag
TD Securities has taken a bearish stance on Interrent REIT (IPP-UN-T), lowering its rating from "hold" to "sell" and slashing the price target to C$13.55. Analyst Jonathan Kelcher has abandoned hopes for a higher purchase offer, especially after the 40-day bidding period resulted in no alternative offers.
The acquisition bid led by Mike McGahan, InterRent’s former CEO, backed by Singapore’s GIC, now faces challenges as it seeks unitholder approval this fall. Kelcher expressed that the current offer price is at best the low end of fair value.
Concerns for MTY Food Group
Acumen's Nick Corcoran has adjusted his outlook on MTY Food Group Inc. (MTY-T), decreasing the price target by C$10 to C$50. Recent quarterly results raised alarms about the U.S. consumer spending, showing a 3.8% drop in sales stateside, amidst growing concerns about brand-specific challenges. Despite maintaining a "buy" rating, Corcoran noted that the M&A landscape appears stagnant.
Meanwhile, Scotiabank analyst John Zamparo held firm on a target of C$45, though he cautioned that investors may need to exercise patience as recovery efforts unfold.
Positive Turn for AutoCanada Inc.
Canaccord Genuity’s Luke Hannan has raised the price target for AutoCanada Inc (ACQ-T) from C$24 to C$28 following leadership transitions that signal strong internal governance. As the company looks for a new CEO, Hannan feels this move positions AutoCanada for long-term success.
Versamet Royalties Steals the Show
Ventum Financial has embarked on a bullish coverage of Versamet Royalties Corp (VMET-X) with a "buy" rating and price target set at C$2. The firm is noted for its promising portfolio in Canada's gold royalty sector and is seen as uniquely positioned for growth, especially within the junior royalty niche.
Analyst Connor Mackay highlighted the absence of direct competition in the asset range they target, indicating significant potential ahead.
Shopify's Growth Prospects Shine
Needham analyst Scott Berg has initiated coverage on Shopify Inc. (SHOP-N, SHOP-T) with a bullish "buy" rating and a price target of US$135. He addresses consumer spending resilience amid uncertainties, believing that Shopify’s revenue can grow significantly over the next few years, bolstered by international investments and B2B strategies.
Additional Notables in Analyst Actions
— Roth MKM has initiated coverage on various firms, including Coelacanth Energy Inc (CEI-X) with a target of C$1.05, Inplay Oil Corp (IPO-T) at C$18, and Saturn Oil & Gas Inc (SOIL-T) at C$6, all rated "buy." — Jefferies boosted Suncor Energy Inc’s target from C$48 to C$53, while RBC raised Stella-Jones Inc’s target from C$76 to C$82.
Stay tuned for more updates as these market dynamics evolve and shape investment strategies!