What changed in the FCXXF analyst rating on February 13, 2026?

On February 13, 2026, RBC and BMO both maintained an **Outperform** rating on FCXXF and raised price targets to **C$23** and **C$22** respectively. The changes were target increases, not stance shifts.

How should investors interpret the FCXXF upgrade-like moves?

The maintained Outperforms with higher targets signal analyst confidence in cash flow and valuation, not a formal upgrade. Investors should use the **FCXXF analyst rating** context to check yield, leverage, and peer valuation before trading.

Do these rating changes mean FCXXF will rise immediately?

Not necessarily. The maintained Outperforms and small target raises support a positive view, but immediate price movement depends on market liquidity, macro conditions, and Q4 follow-through. Analysts increased targets, they did not accelerate the timeline.

Where can I see the analyst notes and sources for these changes?

RBC and BMO notes are summarized via The Fly on February 13, 2026 [source](https://thefly.com/permalinks/entry.php/id4293103/1762286394/FCXXF-First-Capital-REIT-price-target-raised-by-C-at-RBC-Capital) and [source](https://thefly.com/permalinks/entry.php/id4293091/0862286394/FCXXF-First-Capital-REIT

Analyst Ratings

RBC, BMO Maintain Outperform on FCXXF First Capital REIT Feb 2026

ByHuzaifa Zahoor February 14, 2026February 14, 2026

RBC and BMO both maintained an Outperform rating on First Capital Real Estate Investment Trust (FCXXF) on February 13, 2026, and each raised its price target. The FCXXF analyst rating update keeps the tone constructive: RBC moved its target to C$23 from C$22, and BMO moved its target to C$22 from C$21. Both firms left their Outperform stances intact at the same time, signaling steady analyst conviction after the recent Q4 2025 release. These moves matter because they affect investor perception, model inputs, and relative valuation versus peers.