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
12/19/2024	AIF Altus Group	Boost Price Target	C$56.00	C$52.00 ➝ C$60.00	Neutral	N/A
12/19/2024	DPM Dundee Precious Metals	Boost Price Target	C$13.00	C$16.00 ➝ C$17.00		N/A
12/19/2024	WCN Waste Connections	Lower Price Target	$174.00	$215.00 ➝ $212.00	Outperform	N/A
12/18/2024	DND Dye & Durham	Boost Price Target	C$18.00	C$22.00 ➝ C$30.00	Outperform	N/A
12/17/2024	LNF Leon's Furniture	Set Price Target	C$26.00	C$29.00	Neutral	N/A
12/17/2024	LOU Lucero Energy	Downgrade	C$0.00	C$0.65 ➝ C$0.47	Neutral ➝ Tender	N/A
12/17/2024	OLA Orla Mining	Boost Price Target	C$8.00	C$8.50 ➝ C$9.25		N/A
12/17/2024	SES Secure Energy Services	Boost Price Target	C$16.00	C$16.00 ➝ C$17.25		N/A
12/17/2024	SVI StorageVault Canada	Set Price Target	C$6.00	C$5.00	Negative	N/A
12/16/2024	ENGH Enghouse Systems	Lower Price Target	C$27.00	C$37.00 ➝ C$31.00		N/A
12/16/2024	FRU Freehold Royalties	Set Price Target	C$12.00	C$16.00	Neutral	N/A
12/16/2024	TCL.A Transcontinental	Boost Price Target	C$18.00	C$20.00 ➝ C$21.00		N/A
12/13/2024	ARE Aecon Group	Boost Price Target	C$27.00	C$29.00 ➝ C$35.00		N/A
12/13/2024	BDGI Badger Infrastructure Solutions	Boost Price Target	C$36.00	C$49.00 ➝ C$52.00		N/A
12/13/2024	BDT Bird Construction	Boost Price Target	C$26.00	C$29.50 ➝ C$34.00		N/A
12/13/2024	EMP.A Empire	Boost Price Target	C$43.00	C$47.00 ➝ C$55.00		N/A
12/13/2024	OGC OceanaGold	Lower Price Target	C$4.00	C$6.00 ➝ C$5.75		N/A
12/13/2024	STN Stantec	Boost Price Target	C$114.00	C$121.50 ➝ C$134.00		N/A
12/13/2024	TRZ Transat A.T.	Boost Price Target	C$2.00	C$1.45 ➝ C$1.80		N/A
12/13/2024	WELL WELL Health Technologies	Boost Price Target	C$7.00	C$5.25 ➝ C$7.00		N/A
12/13/2024	WSP WSP Global	Boost Price Target	C$251.00	C$264.00 ➝ C$280.00		N/A
12/12/2024	RBA RB Global	Boost Price Target	$91.00	$102.00 ➝ $109.00	Outperformer ➝ Outperformer	N/A
12/12/2024	AFN Ag Growth International	Boost Price Target	C$51.00	C$70.00 ➝ C$72.00	Outperform	N/A
12/12/2024	DHT.UN DRI Healthcare Trust	Lower Price Target	C$12.00	C$19.50 ➝ C$18.00	Outperform	N/A
12/12/2024	FTT Finning International	Boost Price Target	C$37.00	C$48.00 ➝ C$50.00	Outperform	N/A
12/12/2024	TIH Toromont Industries	Boost Price Target	C$114.00	C$127.00 ➝ C$128.00	Neutral	N/A
12/11/2024	AD.UN Alaris Equity Partners Income Trust (AD.UN)	Boost Price Target	C$19.00	C$24.00 ➝ C$27.00	Outperform	N/A
12/10/2024	CHE.UN Chemtrade Logistics Income Fund	Lower Price Target	C$11.00	C$15.00 ➝ C$13.00		N/A
12/10/2024	MOS Mosaic	Initiated Coverage	$24.00	$60.00 ➝ $55.00	Neutral	N/A
12/10/2024	NTR Nutrien	Reiterated Rating	$45.00	$60.00 ➝ $55.00	Outperformer	N/A
12/10/2024	MEOH Methanex	Reiterated Rating	$46.00	$48.00 ➝ $59.00	Neutral ➝ Outperformer	N/A
12/9/2024	DOO BRP	Lower Price Target	C$76.00	C$92.00 ➝ C$82.00	Neutral	N/A
12/9/2024	CSU Constellation Software	Boost Price Target	C$4,453.00	C$4,800.00 ➝ C$5,300.00	Outperform	N/A
12/6/2024	BMO Bank of Montreal	Upgrade	$97.00		Neutral ➝ Sector Outperform	N/A
12/6/2024	BMO Bank of Montreal	Upgrade	C$139.00	C$134.00 ➝ C$150.00	Neutral ➝ Outperform	N/A
12/6/2024	TD Toronto-Dominion Bank	Lower Price Target	C$75.00	C$93.00 ➝ C$90.00		N/A
12/5/2024	NOA North American Construction Group	Upgrade	$20.00		Neutral ➝ Sector Outperform	N/A
12/5/2024	DOL Dollarama	Boost Price Target	C$139.00	C$138.00 ➝ C$145.00		N/A
12/5/2024	GEI Gibson Energy	Boost Price Target	C$24.00	C$27.00 ➝ C$29.00		N/A
12/5/2024	NOA North American Construction Group	Upgrade	C$29.00	C$30.00 ➝ C$38.00	Neutral ➝ Outperform	N/A
12/4/2024	AC Air Canada	Boost Price Target	C$22.00	C$27.00 ➝ C$28.00		N/A
12/4/2024	BOS AirBoss of America	Upgrade	C$4.00	C$4.00 ➝ C$5.00	Underperform ➝ Neutral	N/A
12/4/2024	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$97.00	C$131.00 ➝ C$132.00		N/A
12/4/2024	CAE CAE	Downgrade	C$34.00		Outperform ➝ Neutral	N/A
12/4/2024	CJT Cargojet	Boost Price Target	C$104.00	C$172.00 ➝ C$177.00		N/A
12/4/2024	ENB Enbridge	Boost Price Target	C$59.00	C$61.00 ➝ C$63.00		N/A
12/4/2024	EIF Exchange Income	Boost Price Target	C$56.00	C$66.00 ➝ C$69.00		N/A
12/4/2024	NFI NFI Group	Boost Price Target	C$14.00	C$18.50 ➝ C$21.00		N/A
12/4/2024	TFII TFI International	Boost Price Target	$138.00	$166.00 ➝ $176.00	Outperformer ➝ Outperformer	N/A
12/4/2024	WM Waste Management	Boost Price Target	$206.00	$228.00 ➝ $235.00	Neutral ➝ Neutral	N/A
12/4/2024	WCN Waste Connections	Boost Price Target	$174.00	$199.00 ➝ $215.00	Outperformer ➝ Outperformer	N/A
12/4/2024	RSG Republic Services	Boost Price Target	$204.00	$217.00 ➝ $227.00	Neutral ➝ Neutral	N/A
12/4/2024	BLDP Ballard Power Systems	Lower Price Target	$2.00	$1.40 ➝ $1.20	Underperformer ➝ Underperformer	N/A
12/2/2024	IAG IAMGOLD	Upgrade	$5.00		Neutral ➝ Sector Outperform	N/A
12/2/2024	AGI Alamos Gold	Boost Price Target	C$26.00	C$38.00 ➝ C$40.00		N/A
12/2/2024	CG Centerra Gold	Lower Price Target	C$8.00	C$12.50 ➝ C$9.80		N/A
12/2/2024	EMA Emera	Upgrade	C$54.00	C$54.00 ➝ C$58.00	Neutral ➝ Outperform	N/A
12/2/2024	EQX Equinox Gold	Boost Price Target	C$8.00	C$8.80 ➝ C$9.50		N/A
12/2/2024	FNV Franco-Nevada	Boost Price Target	C$167.00	C$235.00 ➝ C$245.00		N/A
12/2/2024	LUG Lundin Gold	Boost Price Target	C$31.00	C$34.00 ➝ C$41.00		N/A
12/2/2024	MAG MAG Silver	Boost Price Target	C$20.00	C$25.00 ➝ C$26.00		N/A
12/2/2024	OGC OceanaGold	Boost Price Target	C$4.00	C$4.50 ➝ C$6.00		N/A
12/2/2024	OLA Orla Mining	Boost Price Target	C$8.00	C$7.50 ➝ C$8.50		N/A
12/2/2024	OR Osisko Gold Royalties	Boost Price Target	C$26.00	C$36.00 ➝ C$39.00		N/A
12/2/2024	PRB Probe Gold	Lower Price Target	C$2.00	C$3.35 ➝ C$2.35		N/A
12/2/2024	SKE Skeena Resources	Lower Price Target	C$13.00	C$17.00 ➝ C$16.00		N/A
12/2/2024	SGD Snowline Gold	Lower Price Target	C$5.00	C$9.00 ➝ C$7.00		N/A
12/2/2024	TXG Torex Gold Resources	Boost Price Target	C$28.00	C$33.00 ➝ C$34.50		N/A
12/2/2024	VZLA Vizsla Silver	Boost Price Target	C$3.00	C$4.50 ➝ C$5.00		N/A
11/27/2024	ATD Alimentation Couche-Tard	Boost Price Target	C$81.00	C$88.00 ➝ C$89.00		N/A
11/27/2024	PKI Parkland	Boost Price Target	C$32.00	C$48.00 ➝ C$49.00		N/A
11/26/2024	BMO Bank of Montreal	Boost Price Target	C$139.00	C$120.00 ➝ C$134.00		N/A
11/26/2024	CWB Canadian Western Bank	Boost Price Target	C$59.00	C$60.30 ➝ C$63.50		N/A
11/26/2024	CIX CI Financial	Boost Price Target	C$31.00	C$23.00 ➝ C$32.00		N/A
11/26/2024	EQB EQB	Boost Price Target	C$99.00	C$113.00 ➝ C$130.00		N/A
11/26/2024	LB Laurentian Bank of Canada	Boost Price Target	C$29.00	C$28.00 ➝ C$31.00		N/A
11/26/2024	NA National Bank of Canada	Boost Price Target	C$132.00	C$135.00 ➝ C$141.00		N/A
11/26/2024	RY Royal Bank of Canada	Boost Price Target	C$173.00	C$167.00 ➝ C$176.00		N/A
11/26/2024	BNS Bank of Nova Scotia	Boost Price Target	C$77.00	C$82.00 ➝ C$84.00		N/A
11/26/2024	TD Toronto-Dominion Bank	Lower Price Target	C$75.00	C$96.00 ➝ C$93.00		N/A
11/25/2024	GOLD Barrick Gold	Downgrade	$15.00		Sector Outperform ➝ Neutral	N/A
11/25/2024	CS Capstone Copper	Boost Price Target	C$9.00	C$12.00 ➝ C$12.50		N/A
11/22/2024	AYA Aya Gold & Silver	Set Price Target	C$11.00	C$24.00	Outperform	N/A
11/21/2024	MRU Metro	Boost Price Target	C$90.00	C$86.00 ➝ C$91.00		N/A
11/20/2024	WN George Weston	Boost Price Target	C$227.00	C$254.00 ➝ C$269.00		N/A
11/20/2024	TRP TC Energy	Boost Price Target	C$66.00	C$67.00 ➝ C$68.00		N/A
11/18/2024	CCL.B CCL Industries	Boost Price Target	C$74.00	C$93.00 ➝ C$96.00		N/A
11/18/2024	CSH.UN Chartwell Retirement Residences	Boost Price Target	C$15.00	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$26.00	C$44.00 ➝ C$43.00		N/A
11/18/2024	TNT.UN True North Commercial REIT	Boost Price Target	C$10.00	C$9.50 ➝ C$11.25		N/A
11/15/2024	ACO.X ATCO	Lower Price Target	C$47.00	C$59.00 ➝ C$58.00		N/A
11/15/2024	ACQ AutoCanada	Lower Price Target	C$17.00	C$15.50 ➝ C$15.00		N/A
11/15/2024	APR.UN Automotive Properties Real Est Invt TR	Boost Price Target	C$11.00	C$12.75 ➝ C$13.00		N/A
11/15/2024	BLX Boralex	Lower Price Target	C$29.00	C$43.00 ➝ C$42.00		N/A
11/15/2024	POU Paramount Resources	Boost Price Target	C$29.00	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$57.00	C$85.00 ➝ C$84.00		N/A