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Analyst Ratings and Market Movements: Key Upgrades and Downgrades
Photo: The Globe and Mail
2026-07-16 15:55   Business   10

Analyst Ratings and Market Movements: Key Upgrades and Downgrades

The article outlines key analyst actions impacting stock markets, focusing on upgrades and downgrades.Rockpoint Gas Storage Inc.(RGSI-T) was downgraded to 'hold' by TD Cowen analyst Aaron MacNeil due to revised forecasts for California Take-or-Pay volumes and a 10% stock price gain since April.National Bank analyst Cameron Doerksen raised NFI Group Inc.(NFI-T)’s price target to C$29, citing confidence in U.S.transit funding under the Infrastructure Investment and Jobs Act (IIJA) and the company’s strong backlog.The IIJA, set to expire in September 2026, faces potential funding reductions, but NFI’s existing allocated funds under the bill support its backlog.MDA Space Ltd.(MDA-T) faces investor concerns over diversification, but RBC analyst Ken Herbert views its acquisitions as positive for market access.WSP Global Inc.

(WSP-T) received a 'buy' rating with a C$372 target, as the company’s partnerships with tech firms like Microsoft position it to leverage AI for growth.

The article highlights market dynamics, funding uncertainties, and strategic moves by companies, emphasizing the interplay between analyst ratings, funding policies, and sector-specific challenges like AI disruption in engineering stocks.

Full reading at The Globe and Mail

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