CIBC keeps price targets on six Canadian firms, downgrades Gibson Energy
CIBC World Markets kept ratings and price targets on six Canadian companies and cut Gibson Energy to Neutral. Dow Jones Newswires reported the ratings actions.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Analysts at CIBC World Markets maintained ratings and price targets on six Canadian companies, Dow Jones Newswires reported, citing Baystreet. Empire Companies stays at Neutral with a C$57.00 target. George Weston, Loblaw and Metro kept Outperformer ratings with targets of C$134.00, C$81.00 and C$112.00 per share, respectively. Saputo remains at Neutral with a C$45.00 target.
Gibson Energy was the exception: CIBC lowered its rating from Outperformer to Neutral, while the C$34.00 target was unchanged.
why it matters
The actions mostly involve Canadian grocery retail and consumer staples, plus one oil infrastructure company. Updates like these usually reflect a revised view on individual stocks and rarely move the broader market, though they can shape sentiment toward specific shares.
tags
instruments
sources
- Empire Companies Ltd. Price Target Is Maintained at C$57.00/Share by CIBC World Markets — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
- George Weston Ltd. Price Target Is Maintained at C$134.00/Share by CIBC World Markets — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
- Gibson Energy Inc. Price Target Is Maintained at C$34.00/Share by CIBC World Markets — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
- Loblaw Companies Ltd. Price Target Is Maintained at C$81.00/Share by CIBC World Markets — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
- Metro Inc. Price Target Is Maintained at C$112.00/Share by CIBC World Markets — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
- Saputo Inc. Price Target Is Maintained at C$45.00/Share by CIBC World Markets — Dow Jones Newswires, 22 October 2026 at 15:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗