TD Securities Stock Recommendations and Price Targets

This is a list of recent ratings by TD Securities.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
3/21/2025	DRI Darden Restaurants	Boost Price Target	$200.00	$180.00 ➝ $190.00	Hold ➝ Hold	Medium
3/21/2025	ATZ Aritzia	Lower Price Target	C$52.00	C$75.00 ➝ C$74.00	Buy	N/A
3/20/2025	POW Power Co. of Canada	Boost Price Target	C$50.00	C$53.00 ➝ C$54.00	Buy	N/A
3/20/2025	SU Suncor Energy	Lower Price Target	C$54.00	C$63.00 ➝ C$61.00	Buy	N/A
3/19/2025	SHEL Shell	Boost Price Target	$71.00	$81.00 ➝ $82.00	Buy ➝ Buy	Low
3/19/2025	BP BP	Reiterated Rating	$35.00	$40.00 ➝ $36.00	Buy ➝ Hold	Medium
3/18/2025	BOS AirBoss of America	Lower Price Target	C$4.00	C$8.00 ➝ C$7.00	Buy	N/A
3/18/2025	BDT Bird Construction	Lower Price Target	C$22.00	C$36.00 ➝ C$33.00	Buy	N/A
3/17/2025	MAL Magellan Aerospace	Boost Price Target	C$12.00	C$18.00 ➝ C$19.00	Buy	N/A
3/17/2025	TRZ Transat A.T.	Lower Price Target	C$2.00	C$2.00 ➝ C$1.75	Hold	N/A
3/14/2025	FORA VerticalScope	Boost Price Target	C$9.00	C$17.00 ➝ C$18.00	Buy	N/A
3/14/2025	WPM Wheaton Precious Metals	Boost Price Target	C$108.00	C$78.00 ➝ C$83.00	Buy	N/A
3/13/2025	ALS Altius Minerals	Lower Price Target	C$26.00	C$32.00 ➝ C$31.00	Buy	N/A
3/13/2025	DII.B Dorel Industries	Downgrade	C$2.00	C$4.50 ➝ C$2.00	Hold ➝ Sell	N/A
3/13/2025	LIF Labrador Iron Ore Royalty	Downgrade	C$30.00		Strong-Buy ➝ Hold	N/A
3/12/2025	FWRG First Watch Restaurant Group	Reiterated Rating	$16.00	$21.00 ➝ $21.00	Hold ➝ Hold	High
3/11/2025	FNV Franco-Nevada	Downgrade	$156.00	$152.00	Buy ➝ Hold	Medium
3/11/2025	CDE Coeur Mining	Initiated Coverage	$6.00	$7.00	Buy	Medium
3/11/2025	AFN Ag Growth International	Lower Price Target	C$35.00	C$48.00 ➝ C$46.00	Buy	N/A
3/11/2025	DOO BRP	Lower Price Target	C$53.00	C$83.00 ➝ C$70.00	Hold	N/A
3/11/2025	EDR Endeavour Silver	Lower Price Target	C$7.00	C$7.50 ➝ C$7.00	Buy	N/A
3/11/2025	FNV Franco-Nevada	Downgrade	C$224.00	C$152.00	Buy ➝ Hold	N/A
3/11/2025	HL Hecla Mining	Downgrade	$6.00	$6.50 ➝ $5.50	Buy ➝ Hold	Medium
3/11/2025	PAAS Pan American Silver	Downgrade	$26.00	$28.00 ➝ $27.00	Buy ➝ Hold	High
3/10/2025	AG First Majestic Silver	Upgrade	$7.00		Hold	Low
3/10/2025	EXK Endeavour Silver	Upgrade	$5.00		Strong-Buy	High
3/10/2025	MAG MAG Silver	Upgrade	$16.00		Strong-Buy	N/A
3/10/2025	AG First Majestic Silver	Upgrade	C$10.00		Hold	N/A
3/10/2025	EDR Endeavour Silver	Upgrade	C$7.00		Strong-Buy	N/A
3/10/2025	MAG MAG Silver	Upgrade	C$23.00		Strong-Buy	N/A
3/10/2025	CFP Canfor	Lower Price Target	C$15.00	C$20.00 ➝ C$19.00	Buy	N/A
3/10/2025	ESI Ensign Energy Services	Lower Price Target	C$2.00	C$3.00 ➝ C$2.75	Hold	N/A
3/10/2025	ERO Ero Copper	Lower Price Target	C$19.00	C$23.00 ➝ C$22.00	Buy	N/A
3/7/2025	AEGXF Aecon Group	Reiterated Rating	$12.00		Buy ➝ Buy	Low
3/7/2025	MHCUF Flagship Communities Real Estate Investment Trust	Initiated Coverage	$17.00		Buy	Low
3/7/2025	WEN Wendy's	Reiterated Rating	$15.00	$16.00 ➝ $16.00	Hold ➝ Hold	Medium
3/7/2025	ARE Aecon Group	Lower Price Target	C$18.00	C$35.00 ➝ C$30.00	Buy	N/A
3/7/2025	APR.UN Automotive Properties Real Est Invt TR	Lower Price Target	C$10.00	C$13.00 ➝ C$12.00	Hold	N/A
3/7/2025	CG Centerra Gold	Lower Price Target	C$9.00	C$13.00 ➝ C$12.00	Buy	N/A
3/7/2025	MRE Martinrea International	Lower Price Target	C$7.00	C$13.00 ➝ C$12.00	Buy	N/A
3/7/2025	SIS Savaria	Lower Price Target	C$17.00	C$25.00 ➝ C$22.00	Buy	N/A
3/6/2025	FN First National Financial	Lower Price Target	C$40.00	C$46.00 ➝ C$45.00	Buy	N/A
3/6/2025	LNR Linamar	Lower Price Target	C$51.00	C$66.00 ➝ C$60.00	Hold	N/A
3/6/2025	NXE NexGen Energy	Lower Price Target	C$7.00	C$13.00 ➝ C$12.00	Buy	N/A
3/6/2025	SCR Strathcona Resources	Lower Price Target	C$29.00	C$32.00 ➝ C$29.00	Hold	N/A
3/5/2025	YUM Yum! Brands	Boost Price Target	$157.00	$151.00 ➝ $164.00	Hold ➝ Hold	Low
3/5/2025	NA National Bank of Canada	Lower Price Target	C$119.00	C$135.00 ➝ C$131.00	Hold	N/A
3/5/2025	AFN Ag Growth International	Lower Price Target	C$35.00	C$57.00 ➝ C$48.00	Buy	N/A
3/5/2025	BTE Baytex Energy	Lower Price Target	C$3.00	C$5.50 ➝ C$5.00		N/A
3/5/2025	PET Pet Valu	Boost Price Target	C$25.00	C$30.00 ➝ C$32.00	Buy	N/A
3/5/2025	WJX Wajax	Lower Price Target	C$17.00	C$24.00 ➝ C$22.00	Buy	N/A
3/4/2025	BMO Bank of Montreal	Boost Price Target	C$139.00	C$145.00 ➝ C$152.00	Hold	N/A
3/4/2025	BNS Bank of Nova Scotia	Set Price Target	C$69.00	C$81.00	Buy	N/A
3/3/2025	CSH.UN Chartwell Retirement Residences	Boost Price Target	C$16.00	C$19.00 ➝ C$20.00	Buy	N/A
3/3/2025	EXE Extendicare	Boost Price Target	C$13.00	C$10.50 ➝ C$13.00	Hold	N/A
3/3/2025	TF Timbercreek Financial	Lower Price Target	C$7.00	C$8.00 ➝ C$7.00	Hold	N/A
2/28/2025	AGI Alamos Gold	Boost Price Target	C$37.00	C$35.00 ➝ C$37.00	Buy	N/A
2/28/2025	AND Andlauer Healthcare Group	Lower Price Target	C$38.00	C$54.00 ➝ C$53.00	Buy	N/A
2/28/2025	CM Canadian Imperial Bank of Commerce	Lower Price Target	C$81.00	C$100.00 ➝ C$99.00	Buy	N/A
2/28/2025	MEG MEG Energy	Lower Price Target	C$25.00	C$33.00 ➝ C$32.00	Buy	N/A
2/28/2025	NPI Northland Power	Boost Price Target	C$20.00	C$23.00 ➝ C$24.00	Buy	N/A
2/28/2025	RY Royal Bank of Canada	Lower Price Target	C$163.00	C$180.00 ➝ C$178.00	Hold	N/A
2/28/2025	SIA Sienna Senior Living	Set Price Target	C$16.00	C$20.00	Buy	N/A
2/28/2025	SII Sprott	Boost Price Target	C$64.00	C$70.00 ➝ C$71.00	Buy	N/A
2/27/2025	SG Sweetgreen	Lower Price Target	$25.00	$45.00 ➝ $33.00	Buy ➝ Buy	High
2/27/2025	FSZ Fiera Capital	Lower Price Target	C$6.00	C$8.50 ➝ C$6.50	Hold	N/A
2/27/2025	LUG Lundin Gold	Boost Price Target	C$44.00	C$40.00 ➝ C$46.00	Buy	N/A
2/27/2025	NA National Bank of Canada	Lower Price Target	C$119.00	C$135.00 ➝ C$131.00	Hold	N/A
2/27/2025	PAAS Pan American Silver	Boost Price Target	$26.00	$25.00 ➝ $28.00	Buy ➝ Buy	Medium
2/27/2025	OGC OceanaGold	Downgrade	C$4.00		Strong-Buy ➝ Hold	N/A
2/26/2025	CAVA CAVA Group	Lower Price Target	$84.00	$150.00 ➝ $130.00	Buy ➝ Buy	High
2/26/2025	JACK Jack in the Box	Reiterated Rating	$29.00	$42.00 ➝ $42.00	Hold ➝ Hold	High
2/26/2025	BMO Bank of Montreal	Boost Price Target	C$139.00	C$145.00 ➝ C$152.00	Hold	N/A
2/26/2025	NEM Newmont	Lower Price Target	$47.00	$46.00 ➝ $45.00	Hold	Low
2/26/2025	TOY Spin Master	Lower Price Target	C$25.00	C$46.00 ➝ C$37.00	Buy	N/A
2/26/2025	STN Stantec	Boost Price Target	C$118.00	C$139.00 ➝ C$145.00	Buy	N/A
2/26/2025	WPM Wheaton Precious Metals	Boost Price Target	C$108.00	C$76.00 ➝ C$78.00	Buy	N/A
2/25/2025	KRUS Kura Sushi USA	Initiated Coverage	$55.00	$72.00	Hold	High
2/25/2025	QSR Restaurant Brands International	Reiterated Rating	$67.00	$70.00 ➝ $70.00	Hold ➝ Hold	Low
2/25/2025	IAG iA Financial	Boost Price Target	C$134.00	C$146.00 ➝ C$147.00	Buy	N/A
2/25/2025	OR Osisko Gold Royalties	Lower Price Target	C$29.00	C$31.00 ➝ C$30.00	Hold	N/A
2/24/2025	GBNXF Gibson Energy	Upgrade	$16.00		Hold ➝ Strong-Buy	Low
2/24/2025	GEI Gibson Energy	Upgrade	C$23.00		Hold ➝ Strong-Buy	N/A
2/24/2025	DPZ Domino's Pizza	Reiterated Rating	$461.00	$490.00 ➝ $490.00	Buy ➝ Buy	High
2/24/2025	CVE Cenovus Energy	Lower Price Target	C$20.00	C$29.00 ➝ C$28.00	Buy	N/A
2/24/2025	FTT Finning International	Boost Price Target	C$40.00	C$47.00 ➝ C$50.00		N/A
2/24/2025	ONEX Onex	Lower Price Target	C$96.00	C$140.00 ➝ C$137.00		N/A
2/21/2025	SHAK Shake Shack	Reiterated Rating	$91.00	$140.00 ➝ $140.00	Buy ➝ Buy	High
2/21/2025	CCO Cameco	Lower Price Target	C$64.00	C$91.00 ➝ C$90.00	Buy	N/A
2/21/2025	CHR Chorus Aviation	Upgrade	C$21.00	C$25.00 ➝ C$27.00	Hold ➝ Buy	N/A
2/21/2025	HL Hecla Mining	Lower Price Target	$6.00	$7.00 ➝ $6.50	Buy	Medium
2/21/2025	IMO Imperial Oil	Boost Price Target	C$102.00	C$94.00 ➝ C$97.00	Hold	N/A
2/21/2025	INE Innergex Renewable Energy	Boost Price Target	C$14.00	C$8.00 ➝ C$9.00	Hold	N/A
2/21/2025	L Loblaw Companies	Lower Price Target	C$192.00	C$202.00 ➝ C$195.00	Buy	N/A
2/21/2025	PEY Peyto Exploration & Development	Boost Price Target	C$17.00	C$19.00 ➝ C$20.00	Buy	N/A
2/21/2025	PRMB Primo Brands	Boost Price Target	$32.00	$40.00 ➝ $48.00	Buy	Low
2/20/2025	WING Wingstop	Lower Price Target	$215.00	$365.00 ➝ $305.00	Buy ➝ Buy	High
2/20/2025	ERE.UN European Residential Real Estate Investment Trust	Downgrade	C$3.00	C$2.75	Buy ➝ Hold	N/A
2/20/2025	GEI Gibson Energy	Lower Price Target	C$23.00	C$25.00 ➝ C$24.00	Hold	N/A
2/20/2025	GIL Gildan Activewear	Boost Price Target	$45.00	$62.00 ➝ $65.00	Buy	Low