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Analyst Roundup: Updates on Gibson Energy, Dollarama, Algonquin Power, and Groupe Dynamite
Finance · Investment Banks/Brokers · globe_inside_market · 2026-09-01
GEI, DOL, AQN, GRGD, NICU, TRP, TXCX
Market analysts weigh in on recent corporate developments, including strategic divestitures, retail performance outlooks, and refinery margin improvements.
What Happened
Energy Sector Outlook: TD Cowen analyst Aaron MacNeil raised his outlook for Gibson Energy (GEI-T), citing improved crack spreads at the Moose Jaw refinery. Despite muted conventional marketing opportunities, the firm maintains a buy rating, noting the company's attractive dividend and growth potential.
Retail Performance: RBC analyst Irene Nattel maintains a positive view on Dollarama (DOL-T) ahead of its Q2 earnings, expecting value-seeking consumers to drive results. Meanwhile, TD Cowen’s Brian Morrison remains bullish on Groupe Dynamite (GRGD-T), highlighting strong brand momentum and e-commerce growth despite recent stock volatility.
Strategic Portfolio Moves: Algonquin Power & Utilities (AQN-T) is receiving positive feedback for the $126.5-million sale of its Chilean water utility stake, a move seen as simplifying the company's portfolio. Analysts believe this divestiture improves the balance sheet and supports the firm's transition toward a U.S.-centric business model.
Mining and Infrastructure: Magna Mining (NICU-T) secured a $140-million strategic investment from Alpayana S.A.C., which will accelerate development at its Sudbury projects. Additionally, Jefferies upgraded TC Energy (TRP-T) to buy, viewing the recent share price underperformance as an attractive entry point for investors.