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
5/6/2024	AND Andlauer Healthcare Group	Lower Price Target	C$40.00	C$52.00 ➝ C$50.00	Outperform	N/A
5/6/2024	BEP Brookfield Renewable Partners	Boost Price Target	$27.00	$30.00 ➝ $32.00	Outperform	Low
5/6/2024	MGA Magna International	Lower Price Target	$47.00	$59.00 ➝ $54.00	Neutral	Low
5/6/2024	MRE Martinrea International	Lower Price Target	C$12.00	C$18.00 ➝ C$17.50	Outperform	N/A
5/6/2024	SOT.UN Slate Office REIT	Lower Price Target	C$1.00	C$1.00 ➝ C$0.75	Neutral	N/A
5/6/2024	TD Toronto-Dominion Bank	Lower Price Target	C$75.00	C$86.00 ➝ C$83.50	Neutral	N/A
5/3/2024	AC Air Canada	Lower Price Target	C$19.00	C$30.00 ➝ C$28.00	Outperform	N/A
5/3/2024	AIF Altus Group	Lower Price Target	C$49.00	C$52.50 ➝ C$51.00	Neutral	N/A
5/3/2024	ATZ Aritzia	Boost Price Target	C$38.00	C$37.00 ➝ C$41.00	Outperform	N/A
5/3/2024	ACO.X ATCO	Boost Price Target	C$38.00	C$48.00 ➝ C$49.00	Outperform	N/A
5/3/2024	ACQ AutoCanada	Downgrade	C$21.00	C$25.00 ➝ C$18.00	Neutral ➝ Underperform	N/A
5/3/2024	BDGI Badger Infrastructure Solutions	Upgrade	C$45.00	C$52.00 ➝ C$54.00	Neutral ➝ Outperform	N/A
5/3/2024	IGM IGM Financial	Boost Price Target	C$38.00	C$42.00 ➝ C$45.00	Outperform	N/A
5/3/2024	MFI Maple Leaf Foods	Lower Price Target	C$23.00	C$32.00 ➝ C$31.00	Outperform	N/A
5/3/2024	OTEX Open Text	Lower Price Target	$30.00	$44.00 ➝ $38.50	Neutral	Low
5/3/2024	POU Paramount Resources	Boost Price Target	C$32.00	C$35.00 ➝ C$37.00	Neutral	N/A
5/3/2024	PKI Parkland	Lower Price Target	C$41.00	C$57.00 ➝ C$55.00	Outperform	N/A
5/3/2024	TRI Thomson Reuters	Boost Price Target	$167.00	$152.00 ➝ $156.00	Neutral	Low
5/3/2024	X TMX Group	Boost Price Target	C$37.00	C$38.00 ➝ C$40.00	Neutral	N/A
5/3/2024	TIH Toromont Industries	Lower Price Target	C$124.00	C$130.00 ➝ C$128.00	Neutral	N/A
5/3/2024	TSU Trisura Group	Boost Price Target	C$45.00	C$55.00 ➝ C$60.00	Outperform	N/A
5/2/2024	BDRBF Bombardier	Upgrade	$54.00		Neutral ➝ Sector Outperform	Low
5/2/2024	BBD.B Bombardier, Inc. Class B	Upgrade	C$74.00	C$67.00 ➝ C$91.00	Neutral ➝ Outperform	N/A
5/2/2024	CFP Canfor	Lower Price Target	C$15.00	C$22.00 ➝ C$21.00	Outperform	N/A
5/2/2024	CPX Capital Power	Lower Price Target	C$36.00	C$40.00 ➝ C$39.00	Neutral	N/A
5/2/2024	GIB.A CGI	Lower Price Target	C$142.00	C$169.00 ➝ C$165.00	Outperform	N/A
5/2/2024	FCR.UN First Capital Real Estate Investment Trust	Lower Price Target	C$15.00	C$19.00 ➝ C$18.00	Outperform	N/A
5/2/2024	FTS Fortis	Boost Price Target	C$55.00	C$56.00 ➝ C$57.00	Neutral	N/A
5/2/2024	L Loblaw Companies	Boost Price Target	C$155.00	C$159.00 ➝ C$171.00	Outperform	N/A
5/2/2024	SGR.UN Slate Grocery REIT	Lower Price Target	C$11.00	C$9.75 ➝ C$9.50	Neutral	N/A
5/2/2024	TOU Tourmaline Oil	Boost Price Target	C$67.00	C$77.50 ➝ C$80.00	Outperform	N/A
5/2/2024	GIB CGI	Lower Price Target	$104.00	$169.00 ➝ $165.00	Outperformer ➝ Outperformer	Low
4/30/2024	AEM Agnico Eagle Mines	Boost Price Target	$66.00	$80.00 ➝ $81.00	Outperform	Low
4/30/2024	SLF Sun Life Financial	Boost Price Target	C$73.00	C$77.00 ➝ C$80.00	Outperform	N/A
4/29/2024	TFII TFI International	Lower Price Target	C$184.00	C$175.00 ➝ C$172.00	Outperform	N/A
4/29/2024	WM Waste Management	Boost Price Target	$211.00	$207.00 ➝ $220.00	Neutral ➝ Neutral	Low
4/29/2024	TFII TFI International	Lower Price Target	$134.00	$175.00 ➝ $172.00	Outperformer ➝ Outperformer	Low
4/26/2024	CLS Celestica	Reiterated Rating	$47.00	$41.00 ➝ $49.00	Sector Outperform ➝ Neutral	Low
4/26/2024	ARE Aecon Group	Boost Price Target	C$17.00	C$22.00 ➝ C$23.00	Outperform	N/A
4/26/2024	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$74.00	C$61.00 ➝ C$67.00	Neutral	N/A
4/26/2024	CLS Celestica	Downgrade	C$64.00	C$41.00 ➝ C$49.00	Outperform ➝ Neutral	N/A
4/26/2024	FSZ Fiera Capital	Lower Price Target	C$7.00	C$8.25 ➝ C$7.25	Neutral	N/A
4/26/2024	GSY goeasy	Boost Price Target	C$185.00	C$200.00 ➝ C$220.00	Outperform	N/A
4/26/2024	MTL Mullen Group	Lower Price Target	C$13.00	C$17.00 ➝ C$16.00	Outperform	N/A
4/26/2024	POW Power Co. of Canada	Lower Price Target	C$39.00	C$43.00 ➝ C$40.00	Neutral	N/A
4/26/2024	X TMX Group	Boost Price Target	C$37.00	C$35.00 ➝ C$38.00		N/A
4/25/2024	MRU Metro	Boost Price Target	C$73.00	C$76.00 ➝ C$77.00	Neutral	N/A
4/24/2024	WPK Winpak	Boost Price Target	C$44.00	C$45.00 ➝ C$49.00	Neutral	N/A
4/23/2024	BCE BCE	Upgrade	$34.00		Neutral ➝ Sector Outperform	Low
4/23/2024	BCE BCE	Upgrade	C$46.00		Neutral ➝ Outperform	N/A
4/22/2024	AAV Advantage Energy	Boost Price Target	C$11.00	C$10.50 ➝ C$11.00	Neutral	N/A
4/22/2024	ARX ARC Resources	Boost Price Target	C$25.00	C$26.00 ➝ C$30.00	Outperform	N/A
4/22/2024	BTE Baytex Energy	Boost Price Target	C$5.00	C$6.00 ➝ C$6.50	Neutral	N/A
4/22/2024	CNQ Canadian Natural Resources	Boost Price Target	C$104.00	C$105.00 ➝ C$115.00	Outperform	N/A
4/22/2024	CJ Cardinal Energy	Boost Price Target	C$7.00	C$8.00 ➝ C$8.50	Neutral	N/A
4/22/2024	CVE Cenovus Energy	Boost Price Target	C$28.00	C$31.00 ➝ C$35.00	Outperform	N/A
4/22/2024	CPG Crescent Point Energy	Boost Price Target	C$12.00	C$14.00 ➝ C$15.00	Outperform	N/A
4/22/2024	EFX Enerflex	Boost Price Target	C$8.00	C$8.00 ➝ C$9.00	Neutral	N/A
4/22/2024	ESI Ensign Energy Services	Boost Price Target	C$2.00	C$3.25 ➝ C$3.75	Neutral	N/A
4/22/2024	IMO Imperial Oil	Boost Price Target	C$95.00	C$90.00 ➝ C$105.00	Neutral	N/A
4/22/2024	KEL Kelt Exploration	Boost Price Target	C$6.00	C$8.00 ➝ C$8.50	Outperform	N/A
4/22/2024	LEV Lion Electric	Lower Price Target	$1.00	$1.70 ➝ $1.40	Neutral	Low
4/22/2024	MEG MEG Energy	Boost Price Target	C$32.00	C$30.00 ➝ C$34.00	Neutral	N/A
4/22/2024	NVA NuVista Energy	Boost Price Target	C$13.00	C$15.50 ➝ C$16.50	Outperform	N/A
4/22/2024	POU Paramount Resources	Boost Price Target	C$32.00	C$30.00 ➝ C$35.00	Neutral	N/A
4/22/2024	PD Precision Drilling	Boost Price Target	C$99.00	C$110.00 ➝ C$130.00	Outperform	N/A
4/22/2024	SES Secure Energy Services	Boost Price Target	C$11.00	C$11.00 ➝ C$12.00	Neutral	N/A
4/22/2024	SDE Spartan Delta	Boost Price Target	C$4.00	C$3.75 ➝ C$4.00	Neutral	N/A
4/22/2024	SCR Strathcona Resources	Boost Price Target	C$32.00	C$35.00 ➝ C$40.00	Outperform	N/A
4/22/2024	SU Suncor Energy	Boost Price Target	C$53.00	C$60.00 ➝ C$65.00	Outperform	N/A
4/22/2024	TVE Tamarack Valley Energy	Boost Price Target	C$4.00	C$4.50 ➝ C$5.25	Outperform	N/A
4/22/2024	TPZ Topaz Energy	Boost Price Target	C$23.00	C$24.00 ➝ C$26.00	Outperform	N/A
4/22/2024	TOU Tourmaline Oil	Boost Price Target	C$67.00	C$72.50 ➝ C$77.51	Outperform	N/A
4/22/2024	WCP Whitecap Resources	Boost Price Target	C$10.00	C$14.00 ➝ C$15.00	Outperform	N/A
4/19/2024	ACO.X ATCO	Lower Price Target	C$38.00	C$49.00 ➝ C$48.00	Outperform	N/A
4/19/2024	ACQ AutoCanada	Boost Price Target	C$21.00	C$22.00 ➝ C$25.00	Neutral	N/A
4/19/2024	BLX Boralex	Lower Price Target	C$30.00	C$40.00 ➝ C$38.00	Outperform	N/A
4/19/2024	BYD Boyd Group Services	Lower Price Target	C$268.00	C$306.00 ➝ C$304.00	Outperform	N/A
4/19/2024	CU Canadian Utilities	Lower Price Target	C$31.00	C$35.00 ➝ C$34.00	Neutral	N/A
4/19/2024	CPX Capital Power	Lower Price Target	C$36.00	C$43.00 ➝ C$40.00	Neutral	N/A
4/19/2024	EMA Emera	Lower Price Target	C$48.00	C$53.00 ➝ C$51.00	Neutral	N/A
4/19/2024	FTS Fortis	Lower Price Target	C$55.00	C$59.00 ➝ C$56.00	Neutral	N/A
4/19/2024	H Hydro One	Lower Price Target	C$40.00	C$40.00 ➝ C$39.00	Neutral	N/A
4/19/2024	LNR Linamar	Lower Price Target	C$64.00	C$91.50 ➝ C$90.00	Outperform	N/A
4/19/2024	MGA Magna International	Lower Price Target	$47.00	$61.00 ➝ $59.00	Neutral	Low
4/19/2024	NPI Northland Power	Lower Price Target	C$22.00	C$30.00 ➝ C$29.00	Outperform	N/A
4/19/2024	PPL Pembina Pipeline	Boost Price Target	C$49.00	C$56.00 ➝ C$57.00	Outperform	N/A
4/19/2024	TA TransAlta	Lower Price Target	C$10.00	C$18.50 ➝ C$16.00	Outperform	N/A
4/19/2024	PBA Pembina Pipeline	Boost Price Target	$36.00	$56.00 ➝ $57.00	Outperformer ➝ Outperformer	Low
4/18/2024	ARE Aecon Group	Boost Price Target	C$17.00	C$21.00 ➝ C$22.00	Outperform	N/A
4/17/2024	CCO Cameco	Boost Price Target	C$69.00	C$72.00 ➝ C$74.00	Outperform	N/A
4/17/2024	CS Capstone Copper	Boost Price Target	C$11.00	C$8.00 ➝ C$10.50	Outperform	N/A
4/17/2024	ERO Ero Copper	Boost Price Target	C$29.00	C$24.00 ➝ C$28.50	Neutral	N/A
4/17/2024	FM First Quantum Minerals	Boost Price Target	C$18.00	C$14.00 ➝ C$15.00	Neutral	N/A
4/17/2024	GSY goeasy	Boost Price Target	C$185.00	C$175.00 ➝ C$200.00	Outperform	N/A
4/17/2024	HBM Hudbay Minerals	Boost Price Target	C$12.00	C$11.00 ➝ C$13.00	Outperform	N/A
4/17/2024	LUN Lundin Mining	Boost Price Target	C$16.00	C$12.00 ➝ C$15.00	Neutral	N/A
4/17/2024	SMT Sierra Metals	Boost Price Target	C$1.00	C$0.85 ➝ C$1.00	Neutral	N/A
4/16/2024	DFY Definity Financial	Boost Price Target	C$46.00	C$46.00 ➝ C$47.00	Outperform	N/A
4/16/2024	DSGX The Descartes Systems Group	Upgrade	$97.00	$96.50 ➝ $101.00	Neutral ➝ Sector Outperform	Low