Industrial Alliance Securities Stock Recommendations and Price Targets

This is a list of recent ratings by Industrial Alliance Securities.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
3/28/2025	SACH Sachem Capital	Set Price Target	$1.00	$1.25		N/A
3/27/2025	BITF Bitfarms	Set Price Target	$1.00	$3.25		Low
3/27/2025	DERM Journey Medical	Set Price Target	$7.00	$10.50		High
3/25/2025	DFLI Dragonfly Energy	Set Price Target	$1.00	$1.50		High
3/25/2025	REXR Rexford Industrial Realty	Set Price Target	$35.00	$38.00		Low
3/19/2025	ATER Aterian	Set Price Target	$2.00	$4.00		Low
3/18/2025	IIPR Innovative Industrial Properties	Set Price Target	$53.00	$60.00		Medium
3/14/2025	ASRT Assertio	Set Price Target	$1.00	$1.75		Low
3/7/2025	REI Ring Energy	Set Price Target	$1.00	$2.50		N/A
3/7/2025	AMPY Amplify Energy	Set Price Target	$3.00	$8.50		High
3/6/2025	TPB Turning Point Brands	Set Price Target	$55.00	$85.00		Low
3/6/2025	YMM Full Truck Alliance	Set Price Target	$11.00	$18.00		Low
3/5/2025	BWEN Broadwind	Set Price Target	$2.00	$3.00		Low
3/3/2025	ALG Alamo Group	Set Price Target	$165.00	$217.00		Low
3/3/2025	WKSP Worksport	Set Price Target	$3.00	$17.50		High
10/18/2024	REXR Rexford Industrial Realty	Set Price Target	$35.00	$55.00		Low
9/20/2023	NPI Northland Power	Boost Price Target	C$19.00	C$38.00 ➝ C$39.00	Buy	N/A
9/5/2023	ALYA Alithya Group	Set Price Target	C$2.00	C$3.50	Buy	N/A
8/31/2023	SYZ Sylogist	Set Price Target	C$8.00	C$11.00	Buy	N/A
8/31/2023	CMG Computer Modelling Group	Set Price Target	C$8.00	C$9.50	Buy	N/A
8/31/2023	TCS Tecsys	Set Price Target	C$40.00	C$45.00	Buy	N/A
8/31/2023	CGY Calian Group	Set Price Target	C$42.00	C$75.00	Buy	N/A
8/30/2023	CRE Critical Elements Lithium	Lower Price Target	C$0.00	C$5.00 ➝ C$4.30	Speculative Buy	N/A
8/8/2023	TA TransAlta	Boost Price Target	C$12.00	C$17.00 ➝ C$17.50	Strong-Buy	N/A
8/3/2023	CPX Capital Power	Upgrade	C$44.00	C$51.00	Hold ➝ Buy	N/A
7/28/2023	ARE Aecon Group	Lower Price Target	C$17.00	C$18.00 ➝ C$16.00	Buy	N/A
12/2/2022	TRP TC Energy	Reiterated Rating	C$65.00	C$64.00	Buy ➝ Hold	N/A
11/28/2022	TRSWF TransAlta Renewables	Upgrade	$9.00		Hold ➝ Buy	Low
9/29/2022	LSPD Lightspeed Commerce	Initiated Coverage	$8.00		Buy	Low
9/29/2022	WPNDF Wishpond Technologies	Initiated Coverage	$0.00	$1.50	Buy	Low
9/26/2022	PPL Pembina Pipeline	Reiterated Rating	C$53.00	C$49.00	Buy	N/A
9/26/2022	PBA Pembina Pipeline	Upgrade	$37.00		Hold ➝ Buy	Low
9/23/2022	BRLXF Boralex	Upgrade	$18.00		Hold ➝ Buy	Low
9/19/2022	CWYUF SmartCentres Real Estate Investment Trust	Initiated Coverage	$17.00		Hold	Low
9/19/2022	FCXXF First Capital Real Estate Investment Trust	Initiated Coverage	C$12.00	C$19.00	Buy	Low
9/19/2022	PPRQF Choice Properties Real Estate Investment Trust	Initiated Coverage	C$10.00	C$16.50	Buy	Low
8/16/2022	SAWLF Shawcor	Upgrade	C$7.00	C$7.75 ➝ C$8.50	Buy	Low
8/3/2022	ENB Enbridge	Upgrade	C$43.00	C$60.00	Hold ➝ Buy	Low
8/3/2022	BIRDF Bird Construction	Downgrade	$13.00		Buy ➝ Hold	Low
7/6/2022	PMREF Primaris Real Estate Investment Trust	Initiated Coverage	$11.00		Buy	N/A
6/13/2022	BRLXF Boralex	Downgrade	C$18.00	C$45.00	Buy ➝ Hold	High
6/9/2022	DOL Dollarama	Downgrade	C$154.00	C$76.00	Hold	N/A
6/9/2022	NNWWF North West	Upgrade	C$36.00	C$39.00	Hold ➝ Buy	Low
6/9/2022	DLMAF Dollarama	Downgrade	$108.00	$76.00	Buy ➝ Hold	Medium
6/8/2022	TUERF True North Commercial Real Estate Investment Trust	Initiated Coverage	C$7.00	C$40.25	Hold	Low
5/6/2022	DRT DIRTT Environmental Solutions	Upgrade	C$1.00	C$1.85	Buy	N/A
5/6/2022	DRTT DIRTT Environmental Solutions	Upgrade	C$1.00	C$1.85	Hold ➝ Buy	Low
4/14/2022	NNWWF North West	Downgrade	$36.00		Buy ➝ Hold	High