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Analyst Roundup: Updates on Jamieson Wellness, Cogeco Communications, and Algonquin Power
Finance · Investment Banks/Brokers · globe_inside_market · 2026-08-31
JWEL, CCA, AQN, KITS, CS, CSIQ, TXCX
Market analysts adjust ratings and price targets for several Canadian firms, including Jamieson Wellness, Cogeco Communications, and Algonquin Power.
What Happened
Jamieson Wellness Acquisition: National Bank Financial analyst Nathan Po downgraded Jamieson Wellness to "tender" following Kirin Holdings' $2.5-billion all-cash acquisition offer. The deal, priced at $45.75 per share, concludes a competitive auction process that saw multiple bidders evaluate the company.
Cogeco Communications Outlook: Analyst Adam Shine lowered his financial forecasts for Cogeco Communications, citing a challenging U.S. competitive environment and muted margin expansion. He projects slower dividend growth for the company as it enters the final year of its three-year transformation program.
Algonquin Power Divestiture: TD Cowen analyst John Mould characterized Algonquin Power & Utilities' $126.5-million sale of its Chilean water utility, Suralis, as a positive strategic move. The divestiture is expected to simplify the company's geographic footprint and provide incremental liquidity for its core regulated operations.
Kits Eyecare Growth Strategy: Desjardins Securities analyst Frederic Tremblay reaffirmed a "buy" rating for Kits Eyecare, highlighting strong customer acquisition metrics and successful physical store performance. The company remains focused on its long-term goal of reaching $500-million in revenue by 2029 through a digital-first approach.