Analysts’ Price Target Changes for August 17th (APR.UN, ATD, BBD.B, CAR.UN, CRR.UN, D.UN, FC, FM, FNV, HBM)

Analysts’ price target changes for Wednesday, August 17th:

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price boosted by Royal Bank of Canada from C$12.50 to C$12.75. Royal Bank of Canada currently has a sector perform rating on the stock.

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target lowered by Raymond James from C$15.25 to C$14.75. They currently have an outperform rating on the stock.

Alimentation Couche-Tard (TSE:ATD) had its price target raised by National Bankshares, Inc. from C$59.00 to C$63.00. National Bankshares, Inc. currently has a sector perform rating on the stock.

Alimentation Couche-Tard (TSE:ATD) had its target price raised by TD Securities from C$62.00 to C$67.00. TD Securities currently has a buy rating on the stock.

Bombardier, Inc. Class B (TSE:BBD.B) had its price target increased by Desjardins to C$82.00. The business jet manufacturer unveiled solid financial results in the second quarter, said analyst Benoit Poirier of Desjardins Securities.

He believes management’s full-year 2022 guidance is conservative and could be raised again as management delivers what it promised to improve the company’s profit margins.

“We remain optimistic on the short and long-term outlook for Bombardier and recommend that investors reconsider their view of the stock,” he wrote. Bombardier’s stock has fallen sharply since the title’s consolidation, before rebounding just over 10% on Thursday following the publication of financial results.

Benoit Poirier points out that the increase in demand is closely linked to the problems of commercial aviation which are pushing some customers to opt for business jets. The business jet manufacturer unveiled solid financial results in the second quarter, said analyst Benoit Poirier of Desjardins Securities.

He believes management’s full-year 2022 guidance is conservative and could be raised again as management delivers what it promised to improve the company’s profit margins.

“We remain optimistic on the short and long-term outlook for Bombardier and recommend that investors reconsider their view of the stock,” he wrote. Bombardier’s stock has fallen sharply since the title’s consolidation, before rebounding just over 10% on Thursday following the publication of financial results.

Benoit Poirier points out that the increase in demand is closely linked to the problems of commercial aviation which are pushing some customers to opt for business jets.

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target reduced by Raymond James from C$66.00 to C$61.00. The firm currently has a strong-buy rating on the stock.

Crombie Real Estate Investment Trust (TSE:CRR.UN) had its price target boosted by National Bankshares, Inc. from C$17.50 to C$18.00. They currently have an outperform rating on the stock.

Dream Office Real Estate Investment Trst (TSE:D.UN) had its target price cut by BMO Capital Markets from C$24.50 to C$23.00.

Firm Capital Mortgage Investment (TSE:FC) had its price target cut by TD Securities from C$14.00 to C$13.50. The firm currently has a buy rating on the stock.

First Quantum Minerals (TSE:FM) had its target price trimmed by BMO Capital Markets from C$35.00 to C$30.00.

Franco-Nevada (TSE:FNV) (NYSE:FNV) had its target price reduced by BMO Capital Markets from C$226.00 to C$220.00.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its target price lowered by BMO Capital Markets from C$12.50 to C$10.00.

Inovalis Real Estate Investment Trust (TSE:INO.UN) had its price target cut by BMO Capital Markets from C$7.65 to C$5.25.

Inovalis Real Estate Investment Trust (TSE:INO.UN) had its price target reduced by National Bankshares, Inc. from C$7.25 to C$6.00. National Bankshares, Inc. currently has a sector perform rating on the stock.

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price boosted by National Bankshares, Inc. from C$10.50 to C$10.75. National Bankshares, Inc. currently has an outperform rating on the stock.

Maverix Metals (CVE:MMX) had its target price reduced by CIBC from C$9.50 to C$8.50. They currently have an outperform rating on the stock.

Nexus Real Estate Investment Trust (CVE:NXR.UN) had its target price trimmed by Laurentian from C$15.00 to C$14.00.

Osisko Gold Royalties (TSE:OR) had its price target raised by BMO Capital Markets from C$18.50 to C$19.00.

Quipt Home Medical (NASDAQ:QIPT) had its target price raised by Raymond James from $9.00 to $10.00. They currently have an outperform rating on the stock.

Sienna Senior Living (TSE:SIA) had its price target cut by Scotiabank from C$17.00 to C$16.00.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target raised by Scotiabank from C$32.50 to C$33.25.

SmartCentres Real Estate Investment Trst (TSE:SRU.UN) had its price target increased by National Bankshares, Inc. from C$29.00 to C$30.00.

Teck Resources (TSE:TECK.B) had its price target cut by BMO Capital Markets from C$55.00 to C$50.00.

Trevali Mining (TSE:TV) had its price target cut by Raymond James from C$0.80 to C$0.25. They currently have a market perform rating on the stock.

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price reduced by Royal Bank of Canada from C$1.75 to C$1.60. Royal Bank of Canada currently has an outperform rating on the stock.

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price cut by CIBC from C$2.05 to C$1.75. The firm currently has an outperform rating on the stock.

Tidewater Midstream and Infrastructure (TSE:TWM) was given a C$1.75 price target by analysts at National Bankshares, Inc.. The firm currently has an outperform rating on the stock.

Victoria Gold (TSE:VGCX) had its target price reduced by CIBC from C$18.50 to C$18.00. The firm currently has a neutral rating on the stock.

Wheaton Precious Metals (NYSE:WPM) had its target price cut by TD Securities from $50.00 to $49.00. TD Securities currently has a buy rating on the stock.

WSP Global (TSE:WSP) had its target price boosted by Stifel Nicolaus from C$172.00 to C$175.00.

WSP Global (TSE:WSP) had its target price increased by BMO Capital Markets from C$178.00 to C$180.00.

WSP Global (TSE:WSP) had its target price boosted by TD Securities from C$185.00 to C$190.00. They currently have a buy rating on the stock.

WSP Global (TSE:WSP) had its target price boosted by CIBC from C$175.00 to C$181.00. CIBC currently has an outperform rating on the stock.

WSP Global (TSE:WSP) had its price target raised by Raymond James from C$185.00 to C$195.00. Raymond James currently has an outperform rating on the stock.

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