RBC Capital Markets raised its price target on Sienna Senior Living Inc. (SIA.TO) to $22 from $20.

Analyst Pammi Bir maintained a Sector Perform rating on shares of the Canadian senior housing company following its Q3 results.

"Post results that were modestly ahead of our call, we see SIA as well-equipped to capitalize on robust seniors housing fundamentals," Bir said in a note to clients.

"Organic growth accelerated across segments, with 2026 shaping up to be another strong year on further advances in occupancy and margins," the analyst said. "An active pace of capital deployment should also drive incremental earnings growth."

"Net-net, we see its premium valuation as well-supported but would ideally prefer a better entry point," Bir said.

(MT Newswires 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://www.mtnewswires.com/contact-us)