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Analyst Roundup: Rail Outlooks, Energy Coverage, and Drone Technology Growth
Transportation · Railroads · globe_inside_market · 2026-09-23
CNR, CP, SDE, CEI, FLT, EDR, ELE, MNO, PMET, TXCX
Analysts weigh in on Canadian rail performance, initiate coverage on energy producers, and highlight the growth potential for drone technology firms.
What Happened
Railroad Performance: National Bank Financial analyst Cameron Doerksen maintains a slight preference for CPKC over CN, citing superior volume and earnings growth potential. Despite trade uncertainties and cross-border tariffs, both railroads are expected to meet full-year guidance as they benefit from truck-to-rail conversions.
Energy Sector Coverage: RBC analyst Michael Harvey initiated coverage on Spartan Delta Corp. and Coelacanth Energy Inc., highlighting Spartan's strong management team and growth potential in the West Shale Duvernay. Coelacanth is viewed as a compelling long-term acquisition candidate, though near-term catalysts are limited by soft natural gas prices.
Drone Technology Expansion: Desjardins Securities initiated coverage on Volatus Aerospace, emphasizing the company's unique position to benefit from increased commercial and defense drone adoption. The analyst sees significant upside potential driven by contract wins and the commercialization of proprietary platforms.
Precious Metals and Mining: Analysts updated targets for several mining firms, including Endeavour Silver, Elemental Royalty, and Pmet Resources. These actions reflect ongoing adjustments to production guidance, asset acquisitions, and the development of lithium and precious metal projects in favorable jurisdictions.