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Analyst Actions Roundup

Summary of key analyst actions on several Canadian and US companies, including upgrades, downgrades, and price target changes.

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Canada

Labour MarketStock MarketInvestmentsAnalyst RatingsFinancialsCompanies

Td CowenOnex Corp.Canaccord GenuityStantec Inc.Canadian Apartment Properties Reit

Graham RydingYuri LynkBenoit PoirierBad SturgesMichael Markidis

What factors influenced the upgrade of Stantec Inc. (STN-T)?: Stantec Inc. (STN-T) received upgrades from Canaccord Genuity and Desjardins Securities, driven by valuation considerations and positive business performance. Analysts highlighted strengths in water business, improvement in the UK market, and acquisition upside.
What prompted the upgrade of Onex Corp. (ONEX-T) to a "buy" rating?: Onex Corp. (ONEX-T) was upgraded to a "buy" rating by TD Cowen analyst Graham Ryding, who cited solid portfolio realization activity, strong credit fundraising, and an improving outlook on free-related earnings. His price target increased to C$140 from C$111, reflecting a more constructive view of the company's performance.
Why was Docebo Inc. (DCBO-T) downgraded despite strong Q3 earnings?: Docebo Inc. (DCBO-T) was downgraded to "sector perform" by ATB Capital Markets due to valuation concerns, despite strong Q3 results and raised annual guidance. The analyst noted that the stock's recent price increase prompted the downgrade.
What concerns did analysts express regarding Constellation Software Inc. (CSU-T)'s future growth?: Constellation Software Inc. (CSU-T) faced a slowdown in mergers and acquisitions, leading to decelerated growth. While TD Cowen analyst David Kwan increased his price target, he maintained a "hold" rating due to concerns about the availability of large acquisition deals.
Why did several analysts downgrade their price targets for Canadian Apartment Properties REIT (CAR-UN-T)?: Several analysts downgraded their price targets for Canadian Apartment Properties REIT (CAR-UN-T) following third-quarter results, citing uncertainty regarding future fundamentals and the impact of capital rotation programs. The average analyst target price decreased.

Jan 23, 01:10

Volkswagen's Collaborative Cost Cuts Raise Investor Doubts

Volkswagen's pre-Christmas cost-cutting agreement, involving plant closures and 35,000 job cuts by 2027, prioritizes collaboration with labor unions, raising investor concerns about its feasibility and impact on the company's stock price.

Jan 23, 04:13

Unpaid Internships Exacerbate Socioeconomic Inequality in Career Access

A Sutton Trust report reveals that 55% of middle-class graduates had internships compared to 36% of working-class graduates, widening the inequality gap since 2018, with 61% of internships being unpaid or underpaid, mostly in real estate, construction, IT, finance, and legal sectors.

Jan 23, 01:10

Stellantis to Reopen Illinois Plant, Build Durango in Detroit

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Jan 23, 01:10

Remote Job Market Shows Contrasting Trends in 2024

FlexJobs reports a 20% increase in remote job listings in 2024 compared to 2023, primarily in project management, technology, and communications; however, LinkedIn data shows only 8% of jobs were remote in December 2024.