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Mattr Upgraded to Buy at TD, Price Target Lifted

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Mattr Corp. (MATR.TO) was upgraded to Buy from Hold at TD Securities on Wednesday.

Analyst Michael Tupholme raised his price target on shares of the Canadian materials technology company to C$23 from C$14. The move comes after Mattr's "very strong preliminary Q2/26 update," Tupholme said in a note to clients.

The stock rose C$3.15, or almost 23%, to C$17.07 on the Toronto Stock Exchange, the highest in two years.

"We expect momentum to continue (raised our 2026/2027 estimates) and we see value in MATR despite" the strong stock move Tuesday, the analyst said.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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