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Shares of Cargojet Inc. (TSX:CJT) came in for a hard landing post-earnings, falling nearly 20 per cent as its business suffered from challenging trade conditions, “highlighting the macro-sensitive nature of the industry,” Fadi Chamoun, an analyst at BMO Capital Markets said in a note. BMO cut its price target to $75 from $98. Cargojet is currently trading at the $66 level. Goeasy Ltd. (TSX:GSY) fell 24 per cent this week after it reported higher provisions for loan losses, resulting in an 11 per cent miss on earnings, though the fintech’s loan balances and originations hit a quarterly record. Phil Hardie at Scotiabank Capital Markets maintained his price target of $225. “We continue to expect investor sentiment will remain the near term driver for the stock but believe the risk-reward of owning the shares remains favourable with big upside potential over the next twelve months,” he said. Goeasy is currently trading near the $130 level. Scotiabank analyst Cameron Bean cut his price target for energy company Arc Resources Ltd. (TSX:ARC) to $30 from $36. Bean reduced free cash flow forecasts for the company due to lower condensate volumes and higher cash costs than were set out in the company’s 2026 guidance. Shares of Arc are trading at the $21.65 level.
