CIBC Stock Recommendations and Price Targets

This is a list of recent ratings by CIBC.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
11/20/2024	WN George Weston	Boost Price Target	C$219.00	C$254.00 ➝ C$269.00		N/A
11/20/2024	TRP TC Energy	Boost Price Target	C$69.00	C$67.00 ➝ C$68.00		N/A
11/18/2024	CCL.B CCL Industries	Boost Price Target	C$78.00	C$93.00 ➝ C$96.00		N/A
11/18/2024	CSH.UN Chartwell Retirement Residences	Boost Price Target	C$16.00	C$16.50 ➝ C$19.00		N/A
11/18/2024	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$11.00	C$14.00 ➝ C$15.00		N/A
11/18/2024	EDV Endeavour Mining	Lower Price Target	C$28.00	C$44.00 ➝ C$43.00		N/A
11/18/2024	TNT.UN True North Commercial REIT	Boost Price Target	C$11.00	C$9.50 ➝ C$11.25		N/A
11/15/2024	ACO.X ATCO	Lower Price Target	C$48.00	C$59.00 ➝ C$58.00		N/A
11/15/2024	ACQ AutoCanada	Lower Price Target	C$19.00	C$15.50 ➝ C$15.00		N/A
11/15/2024	APR.UN Automotive Properties Real Est Invt TR	Boost Price Target	C$12.00	C$12.75 ➝ C$13.00		N/A
11/15/2024	BLX Boralex	Lower Price Target	C$30.00	C$43.00 ➝ C$42.00		N/A
11/15/2024	POU Paramount Resources	Boost Price Target	C$31.00	C$38.00 ➝ C$39.50		N/A
11/15/2024	PRV.UN PRO Real Estate Investment Trust	Boost Price Target	C$2.00	C$6.25 ➝ C$6.50		N/A
11/15/2024	SRU.UN SmartCentres Real Estate Investment Trst	Boost Price Target	C$25.00	C$28.00 ➝ C$29.00		N/A
11/15/2024	TWM Tidewater Midstream and Infrastructure	Lower Price Target	C$0.00	C$0.40 ➝ C$0.30		N/A
11/14/2024	LNR Linamar	Lower Price Target	C$60.00	C$85.00 ➝ C$84.00		N/A
11/14/2024	CAE CAE	Boost Price Target	C$32.00	C$30.00 ➝ C$33.00		N/A
11/14/2024	FTT Finning International	Lower Price Target	C$37.00	C$50.00 ➝ C$48.00		N/A
11/14/2024	L Loblaw Companies	Boost Price Target	C$177.00	C$189.00 ➝ C$206.00		N/A
11/14/2024	MRE Martinrea International	Lower Price Target	C$10.00	C$17.00 ➝ C$14.50		N/A
11/14/2024	MI.UN Minto Apartment Real Estate Invt Trust	Lower Price Target	C$14.00	C$21.00 ➝ C$20.00		N/A
11/14/2024	FORA VerticalScope	Boost Price Target	C$8.00	C$9.00 ➝ C$10.00		N/A
11/13/2024	CMG Computer Modelling Group	Lower Price Target	C$10.00	C$15.00 ➝ C$14.50		N/A
11/13/2024	IAG iA Financial	Boost Price Target	C$133.00	C$133.00 ➝ C$143.00		N/A
11/13/2024	MAG MAG Silver	Boost Price Target	C$22.00	C$24.00 ➝ C$25.00		N/A
11/13/2024	NXR.UN Nexus Industrial REIT	Boost Price Target	C$8.00	C$9.00 ➝ C$9.50		N/A
11/13/2024	POW Power Co. of Canada	Boost Price Target	C$46.00	C$45.00 ➝ C$51.00		N/A
11/13/2024	REI.UN RioCan Real Estate Investment Trust	Boost Price Target	C$19.00	C$21.00 ➝ C$22.00		N/A
11/13/2024	SIA Sienna Senior Living	Boost Price Target	C$17.00	C$17.00 ➝ C$19.00		N/A
11/13/2024	SLF Sun Life Financial	Boost Price Target	C$85.00	C$90.00 ➝ C$96.00		N/A
11/8/2024	BOS AirBoss of America	Lower Price Target	C$4.00	C$5.00 ➝ C$4.00		N/A
11/8/2024	AIF Altus Group	Lower Price Target	C$57.00	C$53.00 ➝ C$52.00		N/A
11/8/2024	ARX ARC Resources	Boost Price Target	C$26.00	C$33.00 ➝ C$34.00		N/A
11/8/2024	BBD.B Bombardier, Inc. Class B	Lower Price Target	C$96.00	C$134.00 ➝ C$131.00		N/A
11/8/2024	CTC.A Canadian Tire	Boost Price Target	C$151.00	C$160.00 ➝ C$165.00		N/A
11/8/2024	CJ Cardinal Energy	Lower Price Target	C$7.00	C$8.75 ➝ C$8.00		N/A
11/8/2024	CHP.UN Choice Properties Real Est Invstmnt Trst	Boost Price Target	C$14.00	C$15.00 ➝ C$15.50		N/A
11/8/2024	CHR Chorus Aviation	Boost Price Target	C$3.00	C$3.25 ➝ C$3.80		N/A
11/8/2024	ECN ECN Capital	Boost Price Target	C$3.00	C$2.25 ➝ C$2.50		N/A
11/8/2024	FSZ Fiera Capital	Boost Price Target	C$10.00	C$9.50 ➝ C$11.00		N/A
11/8/2024	FNV Franco-Nevada	Lower Price Target	C$170.00	C$265.00 ➝ C$235.00		N/A
11/8/2024	GWO Great-West Lifeco	Boost Price Target	C$50.00	C$51.00 ➝ C$55.00		N/A
11/8/2024	IGM IGM Financial	Boost Price Target	C$47.00	C$47.00 ➝ C$50.00		N/A
11/8/2024	IFP Interfor	Boost Price Target	C$19.00	C$22.00 ➝ C$23.00		N/A
11/8/2024	LNR Linamar	Lower Price Target	C$60.00	C$88.00 ➝ C$85.00		N/A
11/8/2024	MFC Manulife Financial	Boost Price Target	C$45.00	C$42.00 ➝ C$46.00		N/A
11/8/2024	MRE Martinrea International	Lower Price Target	C$10.00	C$17.50 ➝ C$17.00		N/A
11/8/2024	NFI NFI Group	Lower Price Target	C$15.00	C$19.50 ➝ C$18.50		N/A
11/8/2024	QBR.B Quebecor	Boost Price Target	C$32.00	C$39.00 ➝ C$40.00		N/A
11/8/2024	SSL Sandstorm Gold	Boost Price Target	C$8.00	C$9.50 ➝ C$10.00		N/A
11/8/2024	SPB Superior Plus	Upgrade	C$6.00	C$9.50 ➝ C$8.50	Neutral ➝ Outperform	N/A
11/8/2024	TRP TC Energy	Boost Price Target	C$69.00	C$66.00 ➝ C$67.00		N/A
11/8/2024	WELL WELL Health Technologies	Boost Price Target	C$5.00	C$5.00 ➝ C$5.25		N/A
11/7/2024	AFN Ag Growth International	Lower Price Target	C$52.00	C$75.00 ➝ C$70.00		N/A
11/7/2024	BDT Bird Construction	Lower Price Target	C$29.00	C$31.00 ➝ C$29.50		N/A
11/7/2024	IAG iA Financial	Boost Price Target	C$133.00	C$120.00 ➝ C$133.00		N/A
11/7/2024	ISV Information Services	Boost Price Target	C$28.00	C$34.00 ➝ C$35.00		N/A
11/7/2024	INE Innergex Renewable Energy	Lower Price Target	C$8.00	C$11.50 ➝ C$11.00		N/A
11/7/2024	OGC OceanaGold	Lower Price Target	C$4.00	C$5.25 ➝ C$4.50		N/A
11/7/2024	PBH Premium Brands	Lower Price Target	C$80.00	C$103.00 ➝ C$90.00		N/A
11/7/2024	SJ Stella-Jones	Lower Price Target	C$69.00	C$99.00 ➝ C$83.00		N/A
11/7/2024	RAY.A Stingray Group	Boost Price Target	C$8.00	C$10.50 ➝ C$11.00		N/A
11/6/2024	QSR Restaurant Brands International	Lower Price Target	$69.00	$88.00 ➝ $86.00	Outperformer ➝ Outperformer	N/A
11/6/2024	BLDP Ballard Power Systems	Lower Price Target	$1.00	$1.60 ➝ $1.40	Underperformer ➝ Underperformer	N/A
11/5/2024	CG Centerra Gold	Lower Price Target	C$8.00	C$13.00 ➝ C$12.50		N/A
11/4/2024	ARE Aecon Group	Boost Price Target	C$29.00	C$25.00 ➝ C$29.00		N/A
11/4/2024	AC Air Canada	Boost Price Target	C$23.00	C$25.00 ➝ C$27.00		N/A
11/4/2024	CGO Cogeco	Lower Price Target	C$61.00	C$69.00 ➝ C$67.00		N/A
11/4/2024	ENB Enbridge	Boost Price Target	C$60.00	C$59.00 ➝ C$67.00		N/A
11/1/2024	BDGI Badger Infrastructure Solutions	Lower Price Target	C$38.00	C$50.00 ➝ C$49.00	Outperform	N/A
11/1/2024	GIL Gildan Activewear	Boost Price Target	$49.00	$48.00 ➝ $56.00	Outperform	Low
11/1/2024	PKI Parkland	Lower Price Target	C$34.00	C$50.00 ➝ C$48.00	Outperform	N/A
11/1/2024	TVE Tamarack Valley Energy	Boost Price Target	C$4.00	C$5.50 ➝ C$5.75	Outperform	N/A
11/1/2024	VRN Veren	Lower Price Target	C$8.00	C$15.00 ➝ C$13.00		N/A
10/31/2024	CPX Capital Power	Boost Price Target	C$59.00	C$52.00 ➝ C$54.00	Neutral	N/A
10/31/2024	EFN Element Fleet Management	Boost Price Target	C$29.00	C$30.00 ➝ C$33.00		N/A
10/31/2024	SES Secure Energy Services	Boost Price Target	C$17.00	C$15.00 ➝ C$16.00	Neutral	N/A
10/31/2024	X TMX Group	Boost Price Target	C$44.00	C$43.00 ➝ C$46.00		N/A
10/30/2024	FCR.UN First Capital Real Estate Investment Trust	Boost Price Target	C$18.00	C$19.00 ➝ C$21.00	Outperform	N/A
10/30/2024	FN First National Financial	Boost Price Target	C$44.00	C$40.00 ➝ C$44.00	Neutral	N/A
10/30/2024	GWO Great-West Lifeco	Boost Price Target	C$50.00	C$46.00 ➝ C$51.00	Neutral	N/A
10/30/2024	IAG iA Financial	Boost Price Target	C$133.00	C$106.00 ➝ C$120.00	Outperform	N/A
10/30/2024	MFC Manulife Financial	Boost Price Target	C$45.00	C$36.00 ➝ C$42.00	Neutral	N/A
10/30/2024	SLF Sun Life Financial	Boost Price Target	C$85.00	C$80.00 ➝ C$90.00	Outperform	N/A
10/30/2024	WM Waste Management	Boost Price Target	$219.00	$213.00 ➝ $228.00	Neutral ➝ Neutral	Low
10/30/2024	RSG Republic Services	Boost Price Target	$213.00	$208.00 ➝ $217.00	Neutral ➝ Neutral	Medium
10/29/2024	CFP Canfor	Boost Price Target	C$17.00	C$20.00 ➝ C$21.00	Outperform	N/A
10/29/2024	KSI kneat.com	Set Price Target	C$5.00	C$6.00	Outperform	N/A
10/28/2024	NEM Newmont	Downgrade	$43.00		Sector Outperform ➝ Neutral	Low
10/28/2024	WPK Winpak	Boost Price Target	C$49.00	C$53.00 ➝ C$54.00		N/A
10/28/2024	SARO StandardAero	Initiated Coverage	$29.00	$38.00	Sector Outperform	High
10/25/2024	CTS Converge Technology Solutions	Lower Price Target	C$3.00	C$5.00 ➝ C$4.00		N/A
10/25/2024	MTL Mullen Group	Boost Price Target	C$15.00	C$16.50 ➝ C$17.50		N/A
10/25/2024	TECK.B Teck Resources	Lower Price Target	C$65.00	C$80.00 ➝ C$78.00		N/A
10/23/2024	FM First Quantum Minerals	Boost Price Target	C$19.00	C$18.00 ➝ C$20.00		N/A
10/23/2024	TFII TFI International	Lower Price Target	$144.00	$174.00 ➝ $166.00	Outperform	Medium
10/23/2024	TPZ Topaz Energy	Boost Price Target	C$29.00	C$30.00 ➝ C$31.00		N/A
10/22/2024	WMB Williams Companies	Boost Price Target	$59.00	$45.00 ➝ $54.00	Neutral ➝ Neutral	Low
10/22/2024	NEP NextEra Energy Partners	Lower Price Target	$16.00	$34.00 ➝ $32.00	Neutral ➝ Neutral	High
10/22/2024	IAG IAMGOLD	Boost Price Target	$6.00	$5.40 ➝ $6.40	Neutral ➝ Neutral	Medium