What exactly changed in the IMO analyst rating on Feb 23, 2026?

TD Securities maintained a **Sell** on Imperial Oil Limited but raised its price target to **C$110** from **C$101** on February 23, 2026. The IMO analyst rating stayed negative despite the higher target.

Does the raised price target mean an IMO upgrade?

No. The raised **C$110** price target reflects revised valuation inputs, but TD kept a **Sell**. This is not an IMO upgrade, it is a target tweak with the same rating.

How should I use the IMO analyst rating in my decisions?

Use the IMO analyst rating as one data point. Combine it with cash flows, dividends, oil price outlook, and Meyka AI’s grade before acting. Avoid relying solely on a single analyst note.

Where can I read the TD Securities note referenced in the IMO analyst rating?

The TD Securities note was summarized by TheFly on February 23, 2026. You can read the summary here [source](https://thefly.com/permalinks/entry.php/id4298582/2962286394/IMO-Imperial-Oil-price-target-raised-by-C-at-TD-Securities).

Analyst Ratings

TD Securities Maintains Sell on IMO Imperial Oil Limited Feb 23 2026

ByHuzaifa Zahoor February 24, 2026

TD Securities maintained a Sell rating on Imperial Oil Limited (IMO) on February 23, 2026, while raising the price target to C$110 from C$101, the latest IMO analyst rating update. The firm kept its stance despite lifting the target, signaling caution on near-term returns. The note cited in TheFly shows a modest market reaction, with a 2.45% move equal to $2.94, and underlines the nuance in TD’s view. Meyka AI provides this AI-powered market analysis platform briefing for investors.