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
5/17/2024	GOOS Canada Goose	Boost Price Target	C$18.00	C$20.00 ➝ C$21.00	Neutral	N/A
5/17/2024	LSPD Lightspeed Commerce	Boost Price Target	C$21.00	C$25.00 ➝ C$26.00	Neutral	N/A
5/17/2024	NPI Northland Power	Boost Price Target	C$24.00	C$29.00 ➝ C$30.00	Outperform	N/A
5/16/2024	BDT Bird Construction	Boost Price Target	C$21.00	C$20.00 ➝ C$22.00	Neutral	N/A
5/16/2024	BLX Boralex	Boost Price Target	C$32.00	C$38.00 ➝ C$39.00	Outperform	N/A
5/16/2024	BYD Boyd Group Services	Lower Price Target	C$234.00	C$304.00 ➝ C$290.00	Outperform	N/A
5/16/2024	EFN Element Fleet Management	Boost Price Target	C$24.00	C$25.00 ➝ C$26.00	Outperform	N/A
5/16/2024	NXR.UN Nexus Industrial REIT	Lower Price Target	C$7.00	C$9.75 ➝ C$9.00	Outperform	N/A
5/16/2024	NWH.UN NorthWest Health Prop Real Est Inv Trust	Boost Price Target	C$5.00	C$5.00 ➝ C$5.75	Neutral	N/A
5/15/2024	CRON Cronos Group	Boost Price Target	$3.00	$3.00 ➝ $3.50	Outperformer ➝ Outperformer	Low
5/15/2024	HBM Hudbay Minerals	Boost Price Target	C$14.00	C$13.00 ➝ C$15.50	Outperform	N/A
5/15/2024	H Hydro One	Boost Price Target	C$40.00	C$39.00 ➝ C$40.50	Neutral	N/A
5/15/2024	KEY Keyera	Boost Price Target	C$37.00	C$36.00 ➝ C$37.00	Neutral	N/A
5/15/2024	PEY Peyto Exploration & Development	Boost Price Target	C$16.00	C$16.00 ➝ C$17.50	Outperform	N/A
5/14/2024	DBM Doman Building Materials Group	Lower Price Target	C$7.00	C$10.00 ➝ C$9.00	Outperform	N/A
5/14/2024	ORE Orezone Gold	Lower Price Target	C$1.00	C$1.50 ➝ C$1.25	Outperform	N/A
5/14/2024	PBH Premium Brands	Boost Price Target	C$92.00	C$97.00 ➝ C$103.00	Neutral	N/A
5/14/2024	QTRH Quarterhill	Boost Price Target	C$2.00	C$2.50 ➝ C$2.60	Outperform	N/A
5/14/2024	SMT Sierra Metals	Boost Price Target	C$1.00	C$1.00 ➝ C$1.10	Neutral	N/A
5/13/2024	DCBO Docebo	Lower Price Target	$37.00	$58.00 ➝ $53.00	Outperformer ➝ Outperformer	Low
5/13/2024	CGY Calian Group	Boost Price Target	C$58.00	C$75.00 ➝ C$76.00	Outperform	N/A
5/13/2024	CIX CI Financial	Lower Price Target	C$14.00	C$17.50 ➝ C$17.00	Neutral	N/A
5/13/2024	DIV Diversified Royalty	Downgrade	C$3.00		Outperform ➝ Neutral	N/A
5/13/2024	D.UN Dream Office Real Estate Investment Trst	Boost Price Target	C$18.00	C$17.00 ➝ C$19.00	Neutral	N/A
5/13/2024	EFX Enerflex	Lower Price Target	C$7.00	C$6.55 ➝ C$6.00		N/A
5/13/2024	GDI GDI Integrated Facility Services	Lower Price Target	C$34.00	C$39.00 ➝ C$38.00	Neutral	N/A
5/13/2024	IFP Interfor	Lower Price Target	C$18.00	C$24.00 ➝ C$22.00	Outperform	N/A
5/13/2024	PLC Park Lawn	Boost Price Target	C$17.00	C$20.00 ➝ C$21.00	Neutral	N/A
5/13/2024	SIA Sienna Senior Living	Boost Price Target	C$15.00	C$14.00 ➝ C$16.00	Negative	N/A
5/13/2024	TRZ Transat A.T.	Lower Price Target	C$3.00	C$2.90 ➝ C$2.70	Underperform	N/A
5/10/2024	BOS AirBoss of America	Boost Price Target	C$6.00	C$4.75 ➝ C$5.75		N/A
5/10/2024	ARX ARC Resources	Boost Price Target	C$26.00	C$30.00 ➝ C$31.00		N/A
5/10/2024	CTC.A Canadian Tire	Boost Price Target	C$144.00	C$150.00 ➝ C$153.00		N/A
5/10/2024	CPLF Copperleaf Technologies	Boost Price Target	C$9.00	C$7.00 ➝ C$9.00		N/A
5/10/2024	CRR.UN Crombie Real Estate Investment Trust	Lower Price Target	C$13.00	C$17.00 ➝ C$16.00		N/A
5/10/2024	ECN ECN Capital	Boost Price Target	C$2.00	C$1.90 ➝ C$2.00		N/A
5/10/2024	EQX Equinox Gold	Lower Price Target	C$8.00	C$9.25 ➝ C$8.75		N/A
5/10/2024	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$70.00	C$84.00 ➝ C$85.00		N/A
5/10/2024	IAG iA Financial	Upgrade	C$92.00	C$97.00 ➝ C$100.00	Neutral ➝ Outperform	N/A
5/10/2024	INE Innergex Renewable Energy	Boost Price Target	C$9.00	C$9.50 ➝ C$10.00		N/A
5/10/2024	JWEL Jamieson Wellness	Lower Price Target	C$26.00	C$28.00 ➝ C$27.00		N/A
5/10/2024	MFC Manulife Financial	Boost Price Target	C$36.00	C$34.00 ➝ C$36.00		N/A
5/10/2024	SRU.UN SmartCentres Real Estate Investment Trst	Lower Price Target	C$23.00	C$30.00 ➝ C$28.00		N/A
5/10/2024	TWM Tidewater Midstream and Infrastructure	Lower Price Target	C$1.00	C$1.10 ➝ C$0.95		N/A
5/10/2024	FORA VerticalScope	Boost Price Target	C$9.00	C$9.00 ➝ C$12.00		N/A
5/9/2024	LNR Linamar	Boost Price Target	C$72.00	C$90.00 ➝ C$92.00		N/A
5/9/2024	POW Power Co. of Canada	Boost Price Target	C$39.00	C$40.00 ➝ C$43.00		N/A
5/9/2024	ZZZ Sleep Country Canada	Lower Price Target	C$26.00	C$32.00 ➝ C$28.00		N/A
5/9/2024	SDE Spartan Delta	Upgrade	C$4.00	C$4.00 ➝ C$6.00	Neutral ➝ Outperform	N/A
5/9/2024	TOY Spin Master	Lower Price Target	C$29.00	C$41.00 ➝ C$37.00		N/A
5/9/2024	TNT.UN True North Commercial REIT	Boost Price Target	C$9.00	C$9.00 ➝ C$9.50		N/A
5/9/2024	WEF Western Forest Products	Lower Price Target	C$0.00	C$0.65 ➝ C$0.60		N/A
5/9/2024	SHOP Shopify	Lower Price Target	$59.00	$100.00 ➝ $85.00	Outperformer ➝ Outperformer	Low
5/8/2024	BLDP Ballard Power Systems	Lower Price Target	$3.00	$3.75 ➝ $3.50	Neutral ➝ Neutral	Low
5/8/2024	WMB Williams Companies	Boost Price Target	$41.00	$38.00 ➝ $39.00	Neutral ➝ Neutral	Low
5/8/2024	CHR Chorus Aviation	Lower Price Target	C$2.00	C$3.75 ➝ C$3.25	Outperform	N/A
5/8/2024	DHT.UN DRI Healthcare Trust	Boost Price Target	C$14.00	C$19.50 ➝ C$20.00	Outperform	N/A
5/8/2024	ERO Ero Copper	Boost Price Target	C$33.00	C$28.50 ➝ C$32.00	Neutral	N/A
5/8/2024	FTT Finning International	Boost Price Target	C$44.00	C$45.00 ➝ C$49.00	Outperform	N/A
5/8/2024	WN George Weston	Boost Price Target	C$191.00	C$222.00 ➝ C$235.00	Outperform	N/A
5/8/2024	GSY goeasy	Boost Price Target	C$176.00	C$220.00 ➝ C$230.00	Outperform	N/A
5/7/2024	NFI NFI Group	Boost Price Target	C$16.00	C$12.00 ➝ C$12.50	Underperform	N/A
5/7/2024	WTE Westshore Terminals Investment	Lower Price Target	C$24.00	C$30.00 ➝ C$29.00	Neutral	N/A
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	$28.00	$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$78.00	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$48.00	C$52.50 ➝ C$51.00	Neutral	N/A
5/3/2024	ATZ Aritzia	Boost Price Target	C$34.00	C$37.00 ➝ C$41.00	Outperform	N/A
5/3/2024	ACO.X ATCO	Boost Price Target	C$41.00	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$42.00	C$52.00 ➝ C$54.00	Neutral ➝ Outperform	N/A
5/3/2024	IGM IGM Financial	Boost Price Target	C$37.00	C$42.00 ➝ C$45.00	Outperform	N/A
5/3/2024	MFI Maple Leaf Foods	Lower Price Target	C$24.00	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$39.00	C$57.00 ➝ C$55.00	Outperform	N/A
5/3/2024	TRI Thomson Reuters	Boost Price Target	$171.00	$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$123.00	C$130.00 ➝ C$128.00	Neutral	N/A
5/3/2024	TSU Trisura Group	Boost Price Target	C$43.00	C$55.00 ➝ C$60.00	Outperform	N/A
5/2/2024	BDRBF Bombardier	Upgrade	$58.00		Neutral ➝ Sector Outperform	Low
5/2/2024	BBD.B Bombardier, Inc. Class B	Upgrade	C$79.00	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$38.00	C$40.00 ➝ C$39.00	Neutral	N/A
5/2/2024	GIB.A CGI	Lower Price Target	C$143.00	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$157.00	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	$105.00	$169.00 ➝ $165.00	Outperformer ➝ Outperformer	Low
4/30/2024	AEM Agnico Eagle Mines	Boost Price Target	$70.00	$80.00 ➝ $81.00	Outperform	Low
4/30/2024	SLF Sun Life Financial	Boost Price Target	C$70.00	C$77.00 ➝ C$80.00	Outperform	N/A
4/29/2024	TFII TFI International	Lower Price Target	C$181.00	C$175.00 ➝ C$172.00	Outperform	N/A
4/29/2024	WM Waste Management	Boost Price Target	$210.00	$207.00 ➝ $220.00	Neutral ➝ Neutral	Low
4/29/2024	TFII TFI International	Lower Price Target	$133.00	$175.00 ➝ $172.00	Outperformer ➝ Outperformer	Low