Scotia Analyst Recommendations & Stock PicksView the latest stock recommendations issued by analysts at Scotia. This page tracks publicly reported analyst upgrades and downgrades, buy/hold/sell ratings, and price target changes for publicly traded companies. All data is compiled from credible public sources and updated regularly to reflect new insights from Scotia's equity research team. MarketBeat is not affiliated with or endorsed by Scotia.Updated 5/8/2026 Brokerage RankingSubscribe to MarketBeat All Access for the firm's recommendation accuracy rating MarketBeatAverage Return00.00% 12-Month ROITotal Ratings38 Last 12 MonthsBuy Ratings21 Last 12 MonthsSell Ratings0 Last 12 MonthsCompanies Covered35 Last 12 Months Country All Countries USA (NYSE & NASDAQ)USA (All Exchanges)CanadaUnited Kingdom Sector All Sectors AerospaceAuto/Tires/TrucksBasic MaterialsBusiness ServicesCommunication ServicesComputer and TechnologyConstructionConsumer CyclicalConsumer DefensiveConsumer DiscretionaryConsumer GoodsConsumer StaplesEnergyFinanceFinancial ServicesIndustrialsManufacturingMedicalMiscellaneousMulti-Sector ConglomeratesReal EstateRetail/WholesaleServicesTransportationUtilities Market Cap All MarketCaps Mega Cap (More Than $200B)Large Cap ($10B-$200B)Mid Cap ($2B-$10B)Small Cap ($300M-$2B)Micro Cap ($50M-$300M)Nano Cap (Under $50M) MarketRank™ evaluates a company based on dividend strength, earnings, valuation, analysts forecasts, and more.Available with a MarketBeat All Access SubscriptionMarketRank™Upgrade to All Access to use the All Ranks Filter Media sentiment refers to the percentage of positive news stories versus negative news stories a company has received in the past week.Available with a MarketBeat All Access SubscriptionMedia SentimentUpgrade to All Access to use the All Sentiments Filter Analyst consensus is the average investment recommendation among Wall Street research analysts.Available with a MarketBeat All Access SubscriptionAnalyst ConsensusUpgrade to All Access to use the All Ratings Filter Reporting Date Full History Latest Per Company Show All Ratings Strong Buy Buy Hold Sell Rating All Actions Upgrades Downgrades Initiates Coverage Raises Target Lowers Target Reiterates Rating Price Target Change Action Any Change Raised 5%+ Raised 10%+ Raised 20%+ Lowered 5%+ Lowered 10%+ Lowered 20%+ Price Target Change Export CompanyCurrent PriceReport DateAnalystActionPrice TargetRating12-Month Recommendation ROIDetailsBTEBaytex EnergyC$6.62-0.3%5/8/2026 Boost Price TargetC$6.50 ➝ C$7.50Sector Outperform00.00%View details for Scotia rating of Baytex Energy (TSE:BTE) on 5/8/2026GRT.UNGranite Real Estate Investment TrustC$93.47+1.2%5/8/2026 Boost Price TargetC$100.00 ➝ C$105.00Sector Outperform00.00%View details for Scotia rating of Granite Real Estate Investment Trust (TSE:GRT.UN) on 5/8/2026GWOGreat-West LifecoC$76.27-0.1%5/8/2026 Boost Price TargetC$78.00 ➝ C$83.00Sector Outperform00.00%View details for Scotia rating of Great-West Lifeco (TSE:GWO) on 5/8/2026KMP.UNKillam Apartment REITC$17.84-2.1%5/8/2026 Boost Price TargetC$19.50 ➝ C$20.00Sector Outperform00.00%View details for Scotia rating of Killam Apartment REIT (TSE:KMP.UN) on 5/8/2026MDAMDA SpaceC$47.26+1.3%5/8/2026 Boost Price TargetC$49.00 ➝ C$53.00Sector Outperform00.00%View details for Scotia rating of MDA Space (TSE:MDA) on 5/8/2026MFIMaple Leaf FoodsC$29.30-5.4%5/8/2026 Boost Price TargetC$32.00 ➝ C$36.00Sector Outperform00.00%View details for Scotia rating of Maple Leaf Foods (TSE:MFI) on 5/8/2026OTEXOpen Text$24.73+4.4%5/8/2026 Lower Price Target$50.00 ➝ $40.00Sector Outperform00.00%View details for Scotia rating of Open Text (NASDAQ:OTEX) on 5/8/2026PBHPremium BrandsC$89.85+1.4%5/8/2026 Boost Price TargetC$100.00 ➝ C$110.00Sector Outperform00.00%View details for Scotia rating of Premium Brands (TSE:PBH) on 5/8/2026SRU.UNSmartCentres Real Estate Investment TrstC$28.46+0.2%5/8/2026 Boost Price TargetC$27.50 ➝ C$28.50Sector Perform00.00%View details for Scotia rating of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) on 5/8/2026TWMTidewater Midstream and InfrastructureC$15.48+3.1%5/8/2026 Boost Price TargetC$9.00 ➝ C$17.00Sector Perform00.00%View details for Scotia rating of Tidewater Midstream and Infrastructure (TSE:TWM) on 5/8/2026 Get the Latest News and Ratings for Your StocksEnter your email address below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter. ACO.XATCOC$68.130.0%5/7/2026 Boost Price TargetC$67.00 ➝ C$70.00Sector Perform00.00%View details for Scotia rating of ATCO (TSE:ACO.X) on 5/7/2026BEI.UNBoardwalk Real Estate Investment TrustC$64.91-1.8%5/7/2026 Lower Price TargetC$75.50 ➝ C$74.50Sector Perform00.00%View details for Scotia rating of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) on 5/7/2026CVECenovus EnergyC$38.845/7/2026 Boost Price TargetC$38.00 ➝ C$44.00Sector Outperform00.00%View details for Scotia rating of Cenovus Energy (TSE:CVE) on 5/7/2026IAGiA FinancialC$166.09+1.7%5/7/2026 Lower Price TargetC$183.00 ➝ C$168.00Sector Perform00.00%View details for Scotia rating of iA Financial (TSE:IAG) on 5/7/2026LLoblaw CompaniesC$60.81+1.2%5/7/2026 Lower Price TargetC$70.00 ➝ C$64.00Sector Perform00.00%View details for Scotia rating of Loblaw Companies (TSE:L) on 5/7/2026LNRLinamarC$95.90+0.6%5/7/2026 Boost Price TargetC$96.00 ➝ C$99.00Sector Perform00.00%View details for Scotia rating of Linamar (TSE:LNR) on 5/7/2026QSRRestaurant Brands International$79.71+0.7%5/7/2026 Boost Price Target$81.00 ➝ $83.00Sector Perform00.00%View details for Scotia rating of Restaurant Brands International (NYSE:QSR) on 5/7/2026RUSRussel MetalsC$57.01+1.4%5/7/2026 Boost Price TargetC$54.00 ➝ C$62.00Sector Outperform00.00%View details for Scotia rating of Russel Metals (TSE:RUS) on 5/7/2026SIASienna Senior LivingC$22.88-0.8%5/7/2026 Boost Price TargetC$25.00 ➝ C$26.00Sector Outperform00.00%View details for Scotia rating of Sienna Senior Living (TSE:SIA) on 5/7/2026CCOCamecoC$159.98-1.3%5/6/2026 Boost Price TargetC$150.00 ➝ C$175.00Sector Outperform00.00%View details for Scotia rating of Cameco (TSE:CCO) on 5/6/2026REI.UNRioCan Real Estate Investment TrustC$21.91+0.5%5/6/2026 Boost Price TargetC$20.50 ➝ C$22.25Sector Perform00.00%View details for Scotia rating of RioCan Real Estate Investment Trust (TSE:REI.UN) on 5/6/2026TRIThomson ReutersC$126.94-0.3%5/6/2026 Lower Price TargetC$156.00 ➝ C$138.00Sector Outperform00.00%View details for Scotia rating of Thomson Reuters (TSE:TRI) on 5/6/2026XTMX GroupC$55.34-0.8%5/6/2026 Boost Price TargetC$70.00 ➝ C$71.00Sector Outperform00.00%View details for Scotia rating of TMX Group (TSE:X) on 5/6/2026CNRCanadian National RailwayC$152.71+0.9%4/30/2026 Boost Price TargetC$160.00 ➝ C$162.00Sector Outperform00.00%View details for Scotia rating of Canadian National Railway (TSE:CNR) on 4/30/2026FMFirst Quantum MineralsC$35.00+6.0%4/30/2026 Lower Price TargetC$47.00 ➝ C$44.00Sector Outperform00.00%View details for Scotia rating of First Quantum Minerals (TSE:FM) on 4/30/2026GIB.ACGIC$93.35+0.4%4/30/2026 Lower Price TargetC$120.00 ➝ C$110.00Sector Perform00.00%View details for Scotia rating of CGI (TSE:GIB.A) on 4/30/2026TIHToromont IndustriesC$217.30+0.0%4/30/2026 Boost Price TargetC$208.00 ➝ C$229.00Sector Perform00.00%View details for Scotia rating of Toromont Industries (TSE:TIH) on 4/30/2026WCPWhitecap ResourcesC$15.63-0.5%4/30/2026 Boost Price TargetC$17.00 ➝ C$19.00Sector Outperform00.00%View details for Scotia rating of Whitecap Resources (TSE:WCP) on 4/30/2026GWOGreat-West LifecoC$76.27-0.1%4/29/2026 Boost Price TargetC$71.00 ➝ C$78.0000.00%View details for Scotia rating of Great-West Lifeco (TSE:GWO) on 4/29/2026IAGiA FinancialC$166.09+1.7%4/29/2026 Boost Price TargetC$174.00 ➝ C$183.0000.00%View details for Scotia rating of iA Financial (TSE:IAG) on 4/29/2026MRUMetroC$89.32+0.5%4/23/2026 Lower Price TargetC$103.00 ➝ C$96.00Sector Perform00.00%View details for Scotia rating of Metro (TSE:MRU) on 4/23/2026RCI.BRogers CommunicationsC$50.55+1.3%4/23/2026 UpgradeC$57.75 ➝ C$60.50Sector Perform ➝ Sector Outperform00.00%View details for Scotia rating of Rogers Communications (TSE:RCI.B) on 4/23/2026CVECenovus EnergyC$38.844/21/2026 Set Price TargetC$38.00Sector Outperform00.00%View details for Scotia rating of Cenovus Energy (TSE:CVE) on 4/21/2026SUSuncor EnergyC$87.58+0.6%4/21/2026 Boost Price TargetC$85.00 ➝ C$90.00Sector Perform00.00%View details for Scotia rating of Suncor Energy (TSE:SU) on 4/21/2026DOOBRPC$78.08+2.6%4/16/2026 Lower Price TargetC$117.00 ➝ C$80.00Sector Perform00.00%View details for Scotia rating of BRP (TSE:DOO) on 4/16/2026SISSavariaC$28.32-1.5%4/16/2026 Boost Price TargetC$30.00 ➝ C$33.00Sector Outperform00.00%View details for Scotia rating of Savaria (TSE:SIS) on 4/16/2026AGF.BAGF ManagementC$17.37+3.7%4/15/2026 Lower Price TargetC$20.00 ➝ C$18.00Sector Perform00.00%View details for Scotia rating of AGF Management (TSE:AGF.B) on 4/15/2026CIGIColliers International Group$98.63-4.7%4/15/2026 Lower Price Target$155.00 ➝ $150.00Sector Outperform00.00%View details for Scotia rating of Colliers International Group (NASDAQ:CIGI) on 4/15/2026 MarketBeat Community Rating for ScotiaMarketBeat's community ratings are surveys of what our community members think about Scotia and other research firms in the last 90 days. Vote "Outperform" if you believe Scotia's recommendations will outperform the S&P 500 over the long term. Vote "Underperform" if you believe Scotia's recommendations will underperform the S&P 500 over the long term. You may vote once every thirty days. Log in to vote on this brokerage. COMMUNITY RATINGS2.2out of 5 (last 90 days)2.2 of 5 stars OUTPERFORM VOTES 32 Believe will outperform S&P 500 UNDERPERFORM VOTES 42 Believe will underperform S&P 500 Scotia Stock Coverage by SectorScotia concentrates its research most heavily in Energy (17.1%), Industrials (17.1%) and Real Estate (14.3%). The chart below shows how Scotia's 35 rated companies are distributed across all 13 sectors it covers.Energy6 companies17.1%Industrials6 companies17.1%Real Estate5 companies14.3%Consumer Defensive4 companies11.4%Financial Services4 companies11.4%Computer and Technology2 companies5.7%Consumer Cyclical2 companies5.7%Basic Materials1 company2.9%Business Services1 company2.9%Finance1 company2.9%Retail/Wholesale1 company2.9%Utilities1 company2.9%Medical1 company2.9% Scotia - Frequently Asked Questions What stocks does Scotia currently recommend buying? Scotia's analysts currently have buy-equivalent ratings on 20 companies. Recent upgrades to buy include Rogers Communications. What sectors does Scotia specialize in? Scotia has the deepest coverage in Energy (17.1% of rated companies), Industrials (17.1% of rated companies), Real Estate (14.3% of rated companies), Consumer Defensive (11.4% of rated companies) and Financial Services (11.4% of rated companies). How often does Scotia change its stock ratings? Scotia issued 38 ratings over the last 12 months across 35 companies — an average of roughly 3 rating actions per month. These include boost price target, lower price target, set price target and upgrade. MarketBeat tracks every rating change as it's published so you can see the most current Scotia analyst actions. 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