| Date | Company Name | Action | Current
Price | Price
Target | Rating | Impact on
Share Price |
|---|
| 5/12/2025 | DCBO Docebo | Downgrade | C$37.00 | C$75.00 ➝ C$45.00 | Outperform ➝ Sector Perform | N/A |
| 5/9/2025 | SHOP Shopify | Boost Price Target | C$150.00 | C$155.00 ➝ C$160.00 | Outperform | N/A |
| 5/9/2025 | KXS Kinaxis | Downgrade | C$201.00 | C$210.00 | Outperform ➝ Sector Perform | N/A |
| 5/8/2025 | TA TransAlta | Lower Price Target | C$13.00 | C$19.00 ➝ C$18.00 | Outperform | N/A |
| 5/7/2025 | PET Pet Valu | Boost Price Target | C$29.00 | C$39.00 ➝ C$40.00 | Outperform | N/A |
| 5/7/2025 | AFN Ag Growth International | Lower Price Target | C$39.00 | C$46.00 ➝ C$43.00 | Sector Perform | N/A |
| 5/7/2025 | MEQ Mainstreet Equity | Boost Price Target | C$192.00 | C$220.00 ➝ C$225.00 | Sector Perform | N/A |
| 5/6/2025 | SHOP Shopify | Lower Price Target | C$150.00 | C$170.00 ➝ C$155.00 | Sector Perform | N/A |
| 5/5/2025 | TOT Total Energy Services | Boost Price Target | C$10.00 | C$17.00 ➝ C$18.00 | Outperform | N/A |
| 5/5/2025 | SES Secure Energy Services | Lower Price Target | C$14.00 | C$20.00 ➝ C$19.00 | Outperform | N/A |
| 5/5/2025 | WRG Western Energy Services | Lower Price Target | C$2.00 | C$3.25 ➝ C$2.75 | Sector Perform | N/A |
| 5/5/2025 | CEU CES Energy Solutions | Lower Price Target | C$6.00 | C$11.00 ➝ C$10.00 | Outperform | N/A |
| 5/5/2025 | PHX PHX Energy Services | Lower Price Target | C$8.00 | C$12.00 ➝ C$11.50 | Outperform | N/A |
| 5/5/2025 | EFX Enerflex | Lower Price Target | C$10.00 | C$18.00 ➝ C$16.50 | Outperform | N/A |
| 5/5/2025 | NOA North American Construction Group | Lower Price Target | C$23.00 | C$37.00 ➝ C$36.00 | Outperform | N/A |
| 5/2/2025 | CNR Canadian National Railway | Lower Price Target | C$147.00 | C$159.00 ➝ C$156.00 | Sector Perform | N/A |
| 5/1/2025 | REAL Real Matters | Lower Price Target | C$6.00 | C$12.00 ➝ C$11.00 | Outperform | N/A |
| 5/1/2025 | CP Canadian Pacific Kansas City | Lower Price Target | C$109.00 | C$128.00 ➝ C$124.00 | Outperform | N/A |
| 4/28/2025 | BYD Boyd Group Services | Lower Price Target | C$208.00 | C$320.00 ➝ C$295.00 | Outperform | N/A |
| 4/17/2025 | PKI Parkland | Lower Price Target | C$40.00 | C$46.00 ➝ C$45.00 | Outperform | N/A |
| 4/11/2025 | CP Canadian Pacific Kansas City | Lower Price Target | C$109.00 | C$130.00 ➝ C$128.00 | Outperform | N/A |
| 4/11/2025 | CNR Canadian National Railway | Lower Price Target | C$147.00 | C$161.00 ➝ C$159.00 | Sector Perform | N/A |
| 4/3/2025 | SPB Superior Plus | Boost Price Target | C$7.00 | C$10.00 ➝ C$11.00 | Outperform | N/A |
| 4/2/2025 | EXROF Exro Technologies | Downgrade | $0.00 | | Sector Perform | Low |
| 3/28/2025 | BITF Bitfarms | Lower Price Target | C$2.00 | C$6.50 ➝ C$3.75 | Outperform | N/A |
| 3/28/2025 | LCFS Tidewater Renewables | Boost Price Target | C$3.00 | C$3.00 ➝ C$4.00 | Speculative Buy | N/A |
| 3/27/2025 | LSPD Lightspeed Commerce | Downgrade | C$15.00 | C$26.00 ➝ C$17.00 | Outperform ➝ Sector Perform | N/A |
| 3/27/2025 | ACQ AutoCanada | Boost Price Target | C$19.00 | C$18.00 ➝ C$18.50 | Sector Perform | N/A |
| 3/25/2025 | NUVSF NuVista Energy | Upgrade | $10.00 | | Outperform | Low |
| 3/19/2025 | SNDL SNDL | Boost Price Target | $1.00 | $3.50 ➝ $4.00 | | Low |
| 3/17/2025 | NFI NFI Group | Boost Price Target | C$14.00 | C$24.00 ➝ C$26.00 | Outperform | N/A |
| 3/11/2025 | VRN Veren | Lower Price Target | C$9.00 | C$11.00 ➝ C$9.50 | | N/A |
| 3/7/2025 | CEU CES Energy Solutions | Upgrade | C$6.00 | C$11.00 | Sector Perform ➝ Outperform | N/A |
| 3/7/2025 | AFN Ag Growth International | Lower Price Target | C$39.00 | C$57.00 ➝ C$46.00 | Sector Perform | N/A |
| 3/6/2025 | THNCF Thinkific Labs | Downgrade | $2.00 | | Sector Perform | N/A |
| 3/6/2025 | NFI NFI Group | Boost Price Target | C$14.00 | C$22.00 ➝ C$24.00 | Outperform | N/A |
| 3/3/2025 | DCBO Docebo | Upgrade | C$37.00 | | Sector Perform ➝ Outperform | N/A |
| 2/27/2025 | CPX Capital Power | Lower Price Target | C$53.00 | C$63.00 ➝ C$62.00 | Sector Perform | N/A |
| 2/26/2025 | STN Stantec | Boost Price Target | C$132.00 | C$125.00 ➝ C$135.00 | Sector Perform | N/A |
| 2/20/2025 | GEI Gibson Energy | Lower Price Target | C$22.00 | C$28.00 ➝ C$26.00 | Outperform | N/A |
| 2/12/2025 | SHOP Shopify | Boost Price Target | $108.00 | $145.00 ➝ $170.00 | Sector Perform | Medium |
| 2/10/2025 | WEED Canopy Growth | Lower Price Target | C$2.00 | C$4.00 ➝ C$3.20 | Underperform | N/A |
| 1/30/2025 | CP Canadian Pacific Kansas City | Boost Price Target | C$109.00 | C$129.00 ➝ C$130.00 | Outperform | N/A |
| 1/15/2025 | WRG Western Energy Services | Set Price Target | C$2.00 | C$3.25 | Sector Perform | N/A |
| 1/14/2025 | AFN Ag Growth International | Downgrade | C$39.00 | C$79.00 ➝ C$63.00 | Outperform ➝ Sector Perform | N/A |
| 12/30/2024 | VET Vermilion Energy | Lower Price Target | C$10.00 | C$20.00 ➝ C$17.50 | Outperform | N/A |
| 12/24/2024 | VET Vermilion Energy | Lower Price Target | C$10.00 | C$20.00 ➝ C$17.50 | Outperform | N/A |
| 12/23/2024 | STEP STEP Energy Services | Lower Price Target | C$4.00 | C$5.50 ➝ C$5.00 | Outperform | N/A |
| 12/18/2024 | CPX Capital Power | Boost Price Target | C$53.00 | C$57.00 ➝ C$63.00 | Sector Perform | N/A |
| 12/18/2024 | AC Air Canada | Boost Price Target | C$19.00 | C$28.00 ➝ C$31.00 | Outperform | N/A |
| 12/17/2024 | ACB Aurora Cannabis | Lower Price Target | C$7.00 | C$11.00 ➝ C$8.50 | | N/A |
| 12/17/2024 | OGI Organigram | Lower Price Target | C$2.00 | C$5.25 ➝ C$3.50 | | N/A |
| 12/17/2024 | WEED Canopy Growth | Downgrade | C$2.00 | C$6.00 ➝ C$4.00 | Sector Perform ➝ Underperform | N/A |
| 12/10/2024 | NOV NOV | Reiterated Rating | $13.00 | $19.00 ➝ $19.00 | Outperform ➝ Sector Perform | N/A |
| 12/10/2024 | QST Questor Technology | Lower Price Target | C$0.00 | C$0.60 ➝ C$0.50 | | N/A |
| 12/10/2024 | ESI Ensign Energy Services | Boost Price Target | C$2.00 | C$4.50 ➝ C$5.50 | | N/A |
| 12/10/2024 | CFW Calfrac Well Services | Upgrade | C$3.00 | C$4.50 ➝ C$5.50 | Sector Perform ➝ Outperform | N/A |
| 12/10/2024 | TCW Trican Well Service | Boost Price Target | C$4.00 | C$5.50 ➝ C$6.00 | | N/A |
| 12/10/2024 | CEU CES Energy Solutions | Boost Price Target | C$6.00 | C$10.00 ➝ C$11.00 | | N/A |
| 12/10/2024 | EFX Enerflex | Boost Price Target | C$10.00 | C$15.00 ➝ C$17.00 | | N/A |
| 12/10/2024 | PD Precision Drilling | Boost Price Target | C$63.00 | C$109.00 ➝ C$123.00 | | N/A |
| 12/4/2024 | BTE Baytex Energy | Lower Price Target | C$3.00 | C$5.50 ➝ C$5.20 | | N/A |
| 11/27/2024 | MEG MEG Energy | Lower Price Target | C$22.00 | C$37.00 ➝ C$35.00 | | N/A |
| 11/27/2024 | CPX Capital Power | Boost Price Target | C$53.00 | C$55.00 ➝ C$57.00 | | N/A |
| 11/15/2024 | KEY Keyera | Boost Price Target | C$44.00 | C$43.00 ➝ C$44.00 | | N/A |
| 11/15/2024 | EFX Enerflex | Boost Price Target | C$10.00 | C$12.00 ➝ C$15.00 | | N/A |
| 11/15/2024 | SCR Strathcona Resources | Boost Price Target | C$28.00 | C$37.00 ➝ C$38.00 | | N/A |
| 11/15/2024 | LCFS Tidewater Renewables | Lower Price Target | C$3.00 | C$5.00 ➝ C$3.00 | Outperform ➝ Speculative Buy | N/A |
| 11/14/2024 | BITF Bitfarms | Lower Price Target | C$2.00 | C$7.00 ➝ C$6.50 | | N/A |
| 11/13/2024 | SHOP Shopify | Downgrade | C$150.00 | C$120.00 ➝ C$145.00 | Outperform ➝ Sector Perform | N/A |
| 11/12/2024 | TOT Total Energy Services | Boost Price Target | C$10.00 | C$18.00 ➝ C$19.00 | | N/A |
| 11/8/2024 | TRP TC Energy | Boost Price Target | C$68.00 | C$64.00 ➝ C$65.00 | | N/A |
| 11/7/2024 | PHX PHX Energy Services | Lower Price Target | C$8.00 | C$11.75 ➝ C$11.50 | | N/A |
| 11/6/2024 | CJT Cargojet | Lower Price Target | C$96.00 | C$165.00 ➝ C$155.00 | | N/A |
| 11/6/2024 | BYD Boyd Group Services | Lower Price Target | C$208.00 | C$340.00 ➝ C$320.00 | | N/A |
| 11/4/2024 | AC Air Canada | Boost Price Target | C$19.00 | C$26.50 ➝ C$28.00 | | N/A |
| 11/1/2024 | NOA North American Construction Group | Lower Price Target | C$23.00 | C$40.00 ➝ C$38.00 | | N/A |
| 11/1/2024 | PKI Parkland | Lower Price Target | C$40.00 | C$49.00 ➝ C$46.00 | Outperform | N/A |
| 11/1/2024 | KXS Kinaxis | Boost Price Target | C$201.00 | C$205.00 ➝ C$215.00 | Outperform | N/A |
| 11/1/2024 | VRN Veren | Lower Price Target | C$9.00 | C$11.50 ➝ C$11.00 | Outperform | N/A |
| 10/31/2024 | SES Secure Energy Services | Boost Price Target | C$14.00 | C$17.00 ➝ C$18.00 | Outperform | N/A |
| 10/31/2024 | CPX Capital Power | Boost Price Target | C$53.00 | C$52.00 ➝ C$55.00 | Sector Perform | N/A |
| 10/25/2024 | WCN Waste Connections | Boost Price Target | C$259.00 | C$255.00 ➝ C$260.00 | | N/A |
| 10/24/2024 | CP Canadian Pacific Kansas City | Boost Price Target | C$109.00 | C$133.00 ➝ C$134.00 | Outperform | N/A |
| 10/24/2024 | WCP Whitecap Resources | Lower Price Target | C$9.00 | C$15.00 ➝ C$14.50 | Outperform | N/A |
| 10/23/2024 | TPZ Topaz Energy | Downgrade | C$25.00 | C$30.00 ➝ C$31.00 | Overweight ➝ Neutral | N/A |
| 10/23/2024 | CNR Canadian National Railway | Boost Price Target | C$147.00 | C$167.00 ➝ C$168.00 | | N/A |
| 10/22/2024 | PHX PHX Energy Services | Lower Price Target | C$8.00 | C$12.25 ➝ C$11.75 | | N/A |
| 10/16/2024 | IPCO International Petroleum | Upgrade | C$20.00 | C$21.00 ➝ C$22.00 | Sector Perform ➝ Outperform | N/A |
| 10/10/2024 | BDT Bird Construction | Boost Price Target | C$26.00 | C$33.00 ➝ C$35.00 | | N/A |
| 10/8/2024 | CNQ Canadian Natural Resources | Boost Price Target | C$45.00 | C$58.00 ➝ C$60.00 | Outperform | N/A |
| 10/3/2024 | TRP TC Energy | Lower Price Target | C$68.00 | C$60.00 ➝ C$58.00 | Sector Perform | N/A |
| 9/24/2024 | ALA AltaGas | Set Price Target | C$37.00 | C$36.00 | Outperform | N/A |
| 9/23/2024 | PD Precision Drilling | Lower Price Target | C$63.00 | C$123.00 ➝ C$113.00 | | N/A |
| 9/16/2024 | ARE Aecon Group | Boost Price Target | C$19.00 | C$21.00 ➝ C$29.00 | Outperform | N/A |
| 9/12/2024 | BLN Blackline Safety | Boost Price Target | C$7.00 | C$6.00 ➝ C$7.50 | | N/A |
| 9/12/2024 | CNR Canadian National Railway | Lower Price Target | C$147.00 | C$177.00 ➝ C$167.00 | | N/A |
| 9/10/2024 | AC Air Canada | Lower Price Target | C$19.00 | C$27.00 ➝ C$26.50 | Outperform | N/A |
| 9/10/2024 | TRP TC Energy | Boost Price Target | C$68.00 | C$56.00 ➝ C$60.00 | Sector Perform | N/A |
| 9/4/2024 | PTEN Patterson-UTI Energy | Lower Price Target | $6.00 | $12.00 ➝ $11.00 | Outperform ➝ Outperform | Low |
