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
4/29/2025	MEOH Methanex	Lower Price Target	$32.00	$55.00 ➝ $47.00	Outperformer ➝ Outperformer	Medium
4/28/2025	WIPKF Winpak	Reiterated Rating	$31.00		Outperform ➝ Outperform	Low
4/28/2025	TMXXF TMX Group	Reiterated Rating	$38.00		Neutral ➝ Neutral	Low
4/28/2025	BBU Brookfield Business Partners	Lower Price Target	$22.00	$34.00 ➝ $30.00	Outperformer ➝ Outperformer	Low
4/28/2025	FSZ Fiera Capital	Lower Price Target	C$6.00	C$6.75 ➝ C$6.50	Neutral	N/A
4/28/2025	GCG Guardian Capital Group	Lower Price Target	C$42.00	C$47.00 ➝ C$45.00	Neutral	N/A
4/28/2025	ONEX Onex	Lower Price Target	C$98.00	C$150.00 ➝ C$130.00	Outperform	N/A
4/28/2025	X TMX Group	Boost Price Target	C$54.00	C$55.00 ➝ C$57.00	Neutral	N/A
4/28/2025	WPK Winpak	Boost Price Target	C$42.00	C$50.00 ➝ C$52.00	Outperform	N/A
4/25/2025	ARE Aecon Group	Lower Price Target	C$16.00	C$31.00 ➝ C$24.00		N/A
4/25/2025	DFY Definity Financial	Boost Price Target	C$67.00	C$66.00 ➝ C$70.00		N/A
4/25/2025	IFC Intact Financial	Boost Price Target	C$301.00	C$290.00 ➝ C$300.00		N/A
4/25/2025	SVI StorageVault Canada	Lower Price Target	C$4.00	C$4.75 ➝ C$4.25		N/A
4/25/2025	TFII TFI International	Lower Price Target	$81.00	$115.00 ➝ $110.00	Outperform	Medium
4/24/2025	AQN Algonquin Power & Utilities	Lower Price Target	$5.00	$5.50 ➝ $5.25	Neutral	Low
4/24/2025	BYD Boyd Group Services	Lower Price Target	C$200.00	C$286.00 ➝ C$278.00	Outperform	N/A
4/24/2025	EMA Emera	Boost Price Target	C$61.00	C$63.00 ➝ C$64.00	Outperform	N/A
4/24/2025	FTS Fortis	Boost Price Target	C$67.00	C$68.00 ➝ C$69.00	Neutral	N/A
4/24/2025	GEI Gibson Energy	Lower Price Target	C$22.00	C$27.00 ➝ C$26.00	Outperform	N/A
4/24/2025	KEY Keyera	Lower Price Target	C$43.00	C$48.00 ➝ C$47.00	Outperform	N/A
4/24/2025	MRE Martinrea International	Boost Price Target	C$7.00	C$8.00 ➝ C$8.50	Neutral	N/A
4/24/2025	TRP TC Energy	Boost Price Target	C$70.00	C$70.00 ➝ C$71.00	Neutral	N/A
4/24/2025	TA TransAlta	Lower Price Target	C$12.00	C$19.50 ➝ C$19.00	Outperform	N/A
4/22/2025	IFSPF Interfor	Reiterated Rating	$10.00		Neutral ➝ Neutral	Medium
4/22/2025	CWXZF Doman Building Materials Group	Downgrade	$5.00		Neutral	Low
4/22/2025	WIPKF Winpak	Upgrade	$31.00		Neutral ➝ Outperform	Low
4/22/2025	WY Weyerhaeuser	Lower Price Target	$26.00	$35.00 ➝ $32.00	Outperformer ➝ Outperformer	Low
4/22/2025	MERC Mercer International	Lower Price Target	$5.00	$7.00 ➝ $6.00	Neutral ➝ Neutral	Medium
4/22/2025	ADEN ADENTRA	Lower Price Target	C$28.00	C$44.00 ➝ C$34.00	Outperform	N/A
4/22/2025	CFP Canfor	Downgrade	C$13.00	C$19.00 ➝ C$16.00	Outperform ➝ Neutral	N/A
4/22/2025	CFX Canfor Pulp Products	Lower Price Target	C$1.00	C$1.00 ➝ C$0.75	Neutral	N/A
4/22/2025	CAS Cascades	Lower Price Target	C$9.00	C$13.00 ➝ C$10.00	Neutral	N/A
4/22/2025	CCL.B CCL Industries	Lower Price Target	C$72.00	C$96.00 ➝ C$88.00	Outperform	N/A
4/22/2025	DBM Doman Building Materials Group	Downgrade	C$7.00	C$7.50	Outperform ➝ Neutral	N/A
4/22/2025	IFP Interfor	Lower Price Target	C$14.00	C$20.00 ➝ C$17.00	Neutral	N/A
4/22/2025	SJ Stella-Jones	Lower Price Target	C$67.00	C$86.00 ➝ C$79.00	Outperform	N/A
4/22/2025	WFG West Fraser Timber	Lower Price Target	C$102.00	C$170.00 ➝ C$142.00	Outperform	N/A
4/22/2025	WPK Winpak	Upgrade	C$42.00	C$49.00 ➝ C$50.00	Neutral ➝ Outperform	N/A
4/21/2025	BBD.B Bombardier, Inc. Class B	Lower Price Target	C$92.00	C$110.00 ➝ C$106.00		N/A
4/17/2025	ARE Aecon Group	Boost Price Target	C$16.00	C$30.00 ➝ C$31.00		N/A
4/17/2025	AFN Ag Growth International	Boost Price Target	C$33.00	C$48.00 ➝ C$52.00		N/A
4/17/2025	AGI Alamos Gold	Boost Price Target	C$39.00	C$46.00 ➝ C$48.00		N/A
4/17/2025	AIF Altus Group	Lower Price Target	C$51.00	C$57.00 ➝ C$54.00		N/A
4/17/2025	ATZ Aritzia	Lower Price Target	C$49.00	C$75.00 ➝ C$57.00		N/A
4/17/2025	BDGI Badger Infrastructure Solutions	Lower Price Target	C$37.00	C$59.00 ➝ C$52.00		N/A
4/17/2025	DPM Dundee Precious Metals	Boost Price Target	C$18.00	C$18.00 ➝ C$21.00		N/A
4/17/2025	FNV Franco-Nevada	Boost Price Target	C$234.00	C$260.00 ➝ C$280.00		N/A
4/17/2025	LUG Lundin Gold	Boost Price Target	C$57.00	C$44.00 ➝ C$46.00		N/A
4/17/2025	MRU Metro	Boost Price Target	C$103.00	C$91.00 ➝ C$106.00		N/A
4/17/2025	OLA Orla Mining	Boost Price Target	C$15.00	C$16.25 ➝ C$18.50		N/A
4/17/2025	PKI Parkland	Lower Price Target	C$35.00	C$50.00 ➝ C$43.00		N/A
4/17/2025	SSL Sandstorm Gold	Boost Price Target	C$12.00	C$9.50 ➝ C$11.25		N/A
4/17/2025	STN Stantec	Boost Price Target	C$121.00	C$139.00 ➝ C$141.00		N/A
4/17/2025	TIH Toromont Industries	Lower Price Target	C$115.00	C$131.00 ➝ C$130.00		N/A
4/17/2025	WSP WSP Global	Boost Price Target	C$244.00	C$295.00 ➝ C$296.00		N/A
4/16/2025	DND Dye & Durham	Lower Price Target	C$9.00	C$25.00 ➝ C$21.00	Outperform	N/A
4/16/2025	WELL WELL Health Technologies	Lower Price Target	C$4.00	C$7.00 ➝ C$5.00	Neutral	N/A
4/15/2025	CLS Celestica	Lower Price Target	$87.00	$150.00 ➝ $120.00	Outperformer ➝ Outperformer	Low
4/14/2025	TORXF Torex Gold Resources	Upgrade	$32.00		Neutral ➝ Outperform	Low
4/14/2025	RCH Richelieu Hardware	Boost Price Target	C$32.00	C$32.00 ➝ C$38.00		N/A
4/14/2025	TXG Torex Gold Resources	Upgrade	C$45.00	C$42.00 ➝ C$58.00	Neutral ➝ Outperform	N/A
4/11/2025	NNWWF North West	Reiterated Rating	$40.00		Outperform ➝ Outperform	Low
4/11/2025	NWC North West	Boost Price Target	C$55.00	C$59.00 ➝ C$60.00	Outperform	N/A
4/10/2025	AC Air Canada	Lower Price Target	C$14.00	C$24.00 ➝ C$21.00		N/A
4/10/2025	ARX ARC Resources	Lower Price Target	C$26.00	C$35.00 ➝ C$33.00		N/A
4/10/2025	BTE Baytex Energy	Lower Price Target	C$2.00	C$5.00 ➝ C$4.25		N/A
4/10/2025	CNQ Canadian Natural Resources	Boost Price Target	C$41.00	C$59.00 ➝ C$62.00		N/A
4/10/2025	CJ Cardinal Energy	Lower Price Target	C$6.00	C$8.00 ➝ C$7.00		N/A
4/10/2025	CJT Cargojet	Lower Price Target	C$86.00	C$163.00 ➝ C$150.00		N/A
4/10/2025	CVE Cenovus Energy	Lower Price Target	C$17.00	C$32.00 ➝ C$28.00		N/A
4/10/2025	ESI Ensign Energy Services	Lower Price Target	C$2.00	C$3.75 ➝ C$3.25		N/A
4/10/2025	FRU Freehold Royalties	Lower Price Target	C$12.00	C$16.00 ➝ C$15.00		N/A
4/10/2025	HWX Headwater Exploration	Lower Price Target	C$6.00	C$9.00 ➝ C$8.50		N/A
4/10/2025	KEL Kelt Exploration	Lower Price Target	C$6.00	C$11.50 ➝ C$10.75		N/A
4/10/2025	MEG MEG Energy	Lower Price Target	C$20.00	C$32.00 ➝ C$28.00		N/A
4/10/2025	MTL Mullen Group	Lower Price Target	C$13.00	C$18.00 ➝ C$15.00		N/A
4/10/2025	NOA North American Construction Group	Lower Price Target	C$21.00	C$38.00 ➝ C$37.00		N/A
4/10/2025	NVA NuVista Energy	Lower Price Target	C$12.00	C$19.50 ➝ C$18.00		N/A
4/10/2025	POU Paramount Resources	Lower Price Target	C$16.00	C$24.50 ➝ C$22.00		N/A
4/10/2025	PSK PrairieSky Royalty	Lower Price Target	C$24.00	C$31.50 ➝ C$28.00		N/A
4/10/2025	PD Precision Drilling	Lower Price Target	C$60.00	C$115.00 ➝ C$95.00		N/A
4/10/2025	SES Secure Energy Services	Lower Price Target	C$13.00	C$17.25 ➝ C$15.25		N/A
4/10/2025	SDE Spartan Delta	Lower Price Target	C$3.00	C$7.00 ➝ C$5.00		N/A
4/10/2025	SCR Strathcona Resources	Lower Price Target	C$26.00	C$37.00 ➝ C$33.00		N/A
4/10/2025	TVE Tamarack Valley Energy	Lower Price Target	C$4.00	C$6.50 ➝ C$5.50		N/A
4/10/2025	TPZ Topaz Energy	Lower Price Target	C$23.00	C$32.00 ➝ C$30.00		N/A
4/10/2025	TOU Tourmaline Oil	Lower Price Target	C$62.00	C$80.00 ➝ C$72.50		N/A
4/10/2025	VET Vermilion Energy	Lower Price Target	C$9.00	C$17.00 ➝ C$14.00		N/A
4/10/2025	FORA VerticalScope	Downgrade	C$5.00	C$17.00 ➝ C$6.00	Outperform ➝ Neutral	N/A
4/10/2025	WCP Whitecap Resources	Lower Price Target	C$8.00	C$14.50 ➝ C$13.00		N/A
4/7/2025	EQX Equinox Gold	Boost Price Target	C$8.00	C$9.50 ➝ C$10.00	Neutral	N/A
4/7/2025	PBH Premium Brands	Upgrade	C$78.00	C$90.00 ➝ C$95.00	Neutral ➝ Outperform	N/A
4/4/2025	RY Royal Bank of Canada	Upgrade	$119.00		Neutral ➝ Sector Outperform	Medium
4/4/2025	BMO Bank of Montreal	Downgrade	$95.00		Sector Outperform ➝ Neutral	High
4/4/2025	ACO.X ATCO	Boost Price Target	C$51.00	C$59.00 ➝ C$62.00		N/A
4/4/2025	BMO Bank of Montreal	Downgrade	C$131.00	C$152.00 ➝ C$141.00	Outperform ➝ Neutral	N/A
4/4/2025	CU Canadian Utilities	Boost Price Target	C$38.00	C$38.00 ➝ C$40.00		N/A
4/4/2025	DOL Dollarama	Boost Price Target	C$171.00	C$145.00 ➝ C$174.00		N/A
4/4/2025	EMA Emera	Boost Price Target	C$61.00	C$59.00 ➝ C$63.00		N/A
4/4/2025	FTS Fortis	Boost Price Target	C$67.00	C$65.00 ➝ C$68.00		N/A