ATB Capital Stock Recommendations and Price Targets

This is a list of recent ratings by ATB Capital.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
10/3/2024	TRP TC Energy	Lower Price Target	C$60.00	C$60.00 ➝ C$58.00	Sector Perform	N/A
9/24/2024	ALA AltaGas	Set Price Target	C$34.00	C$36.00	Outperform	N/A
9/23/2024	PD Precision Drilling	Lower Price Target	C$87.00	C$123.00 ➝ C$113.00		N/A
9/16/2024	ARE Aecon Group	Boost Price Target	C$22.00	C$21.00 ➝ C$29.00	Outperform	N/A
9/12/2024	BLN Blackline Safety	Boost Price Target	C$6.00	C$6.00 ➝ C$7.50		N/A
9/12/2024	CNR Canadian National Railway	Lower Price Target	C$155.00	C$177.00 ➝ C$167.00		N/A
9/10/2024	AC Air Canada	Lower Price Target	C$16.00	C$27.00 ➝ C$26.50	Outperform	N/A
9/10/2024	TRP TC Energy	Boost Price Target	C$60.00	C$56.00 ➝ C$60.00	Sector Perform	N/A
9/4/2024	PTEN Patterson-UTI Energy	Lower Price Target	$8.00	$12.00 ➝ $11.00	Outperform ➝ Outperform	Low
8/21/2024	EFX Enerflex	Lower Price Target	C$9.00	C$12.50 ➝ C$12.00		N/A
8/20/2024	WSP WSP Global	Boost Price Target	C$240.00	C$235.00 ➝ C$250.00	Sector Perform	N/A
8/16/2024	TWM Tidewater Midstream and Infrastructure	Lower Price Target	C$0.00	C$1.10 ➝ C$0.80		N/A
8/16/2024	QST Questor Technology	Lower Price Target	C$0.00	C$0.65 ➝ C$0.60	Sector Perform	N/A
8/16/2024	LCFS Tidewater Renewables	Lower Price Target	C$2.00	C$14.00 ➝ C$8.00	Outperform	N/A
8/15/2024	DB Decibel Cannabis	Lower Price Target	C$0.00	C$0.50 ➝ C$0.40		N/A
8/15/2024	SPB Superior Plus	Lower Price Target	C$8.00	C$13.00 ➝ C$12.00		N/A
8/15/2024	CJT Cargojet	Boost Price Target	C$136.00	C$160.00 ➝ C$165.00		N/A
8/14/2024	ACQ AutoCanada	Lower Price Target	C$16.00	C$25.00 ➝ C$20.00		N/A
8/12/2024	SFTC Softchoice	Upgrade	C$20.00	C$18.50 ➝ C$23.00	Sector Perform ➝ Outperform	N/A
8/12/2024	EIF Exchange Income	Boost Price Target	C$54.00	C$66.00 ➝ C$67.00	Outperform	N/A
8/9/2024	CEU CES Energy Solutions	Boost Price Target	C$8.00	C$8.50 ➝ C$9.75		N/A
8/9/2024	TOT Total Energy Services	Boost Price Target	C$10.00	C$16.50 ➝ C$18.00		N/A
8/9/2024	BDT Bird Construction	Boost Price Target	C$25.00	C$29.00 ➝ C$33.00		N/A
8/8/2024	PHX PHX Energy Services	Boost Price Target	C$10.00	C$11.75 ➝ C$12.25		N/A
8/8/2024	AC Air Canada	Lower Price Target	C$16.00	C$28.00 ➝ C$27.00		N/A
8/8/2024	SHOP Shopify	Boost Price Target	C$108.00	C$115.00 ➝ C$120.00		N/A
8/2/2024	CFW Calfrac Well Services	Lower Price Target	C$4.00	C$6.00 ➝ C$5.00	Sector Perform	N/A
8/2/2024	REAL Real Matters	Boost Price Target	C$9.00	C$10.00 ➝ C$11.00	Outperform	N/A
8/2/2024	NFI NFI Group	Boost Price Target	C$18.00	C$18.00 ➝ C$22.00	Outperform	N/A
8/2/2024	NOA North American Construction Group	Lower Price Target	C$26.00	C$45.00 ➝ C$40.00		N/A
8/2/2024	PKI Parkland	Lower Price Target	C$35.00	C$54.00 ➝ C$52.00	Outperform	N/A
8/2/2024	KXS Kinaxis	Lower Price Target	C$161.00	C$215.00 ➝ C$205.00	Outperform	N/A
8/1/2024	PD Precision Drilling	Boost Price Target	C$87.00	C$120.00 ➝ C$123.00		N/A
8/1/2024	WSP WSP Global	Boost Price Target	C$240.00	C$225.00 ➝ C$235.00	Sector Perform	N/A
7/31/2024	AKT.A AKITA Drilling	Boost Price Target	C$2.00	C$3.25 ➝ C$3.75		N/A
7/31/2024	SES Secure Energy Services	Boost Price Target	C$13.00	C$14.50 ➝ C$15.00	Outperform	N/A
7/31/2024	IPCO International Petroleum	Boost Price Target	C$18.00	C$19.00 ➝ C$21.00	Sector Perform	N/A
7/31/2024	CP Canadian Pacific Kansas City	Boost Price Target	C$111.00	C$130.00 ➝ C$133.00	Outperform	N/A
7/26/2024	WCN Waste Connections	Boost Price Target	C$240.00	C$240.00 ➝ C$255.00		N/A
7/25/2024	ATH Athabasca Oil	Boost Price Target	C$5.00	C$7.00 ➝ C$7.50		N/A
7/24/2024	SPB Superior Plus	Lower Price Target	C$8.00	C$14.00 ➝ C$13.00		N/A
7/24/2024	KEY Keyera	Boost Price Target	C$44.00	C$36.00 ➝ C$39.00		N/A
7/24/2024	CPX Capital Power	Boost Price Target	C$50.00	C$40.00 ➝ C$42.00		N/A
7/24/2024	PPL Pembina Pipeline	Boost Price Target	C$58.00	C$56.00 ➝ C$58.00		N/A
7/24/2024	TRP TC Energy	Boost Price Target	C$60.00	C$54.00 ➝ C$56.00		N/A
7/24/2024	CNR Canadian National Railway	Lower Price Target	C$155.00	C$180.00 ➝ C$177.00		N/A
7/24/2024	MEQ Mainstreet Equity	Boost Price Target	C$194.00	C$200.00 ➝ C$215.00		N/A
7/23/2024	AC Air Canada	Lower Price Target	C$16.00	C$33.00 ➝ C$28.00	Outperform	N/A
7/19/2024	PSK PrairieSky Royalty	Boost Price Target	C$28.00	C$28.50 ➝ C$30.00		N/A
7/10/2024	AAV Advantage Energy	Boost Price Target	C$10.00	C$13.50 ➝ C$14.00		N/A
6/28/2024	QST Questor Technology	Boost Price Target	C$0.00	C$0.60 ➝ C$0.65	Sector Perform	N/A
6/28/2024	CET Cathedral Energy Services	Lower Price Target	C$6.00	C$1.60 ➝ C$1.50	Outperform	N/A
6/28/2024	AKT.A AKITA Drilling	Lower Price Target	C$2.00	C$3.75 ➝ C$3.25	Outperform	N/A
6/28/2024	EFX Enerflex	Lower Price Target	C$9.00	C$12.50 ➝ C$12.00	Outperform	N/A
6/28/2024	CEU CES Energy Solutions	Boost Price Target	C$8.00	C$8.25 ➝ C$8.50	Outperform	N/A
6/28/2024	PHX PHX Energy Services	Lower Price Target	C$10.00	C$12.25 ➝ C$11.75	Outperform	N/A
6/28/2024	ARX ARC Resources	Boost Price Target	C$25.00	C$26.00 ➝ C$27.00		N/A
6/28/2024	PD Precision Drilling	Lower Price Target	C$87.00	C$126.00 ➝ C$120.00	Outperform	N/A
6/21/2024	ACB Aurora Cannabis	Lower Price Target	C$7.00	C$12.50 ➝ C$11.00	Sector Perform	N/A
6/19/2024	BITF Bitfarms	Boost Price Target	C$3.00	C$5.00 ➝ C$7.50	Outperform	N/A
6/19/2024	AAV Advantage Energy	Boost Price Target	C$10.00	C$13.00 ➝ C$13.50	Outperform	N/A
6/18/2024	WEED Canopy Growth	Set Price Target	C$6.00	C$10.00	Sector Perform	N/A
6/17/2024	BLN Blackline Safety	Boost Price Target	C$6.00	C$5.50 ➝ C$6.00		N/A
6/12/2024	BDT Bird Construction	Boost Price Target	C$25.00	C$25.00 ➝ C$29.00	Outperform	N/A
6/6/2024	CPX Capital Power	Set Price Target	C$50.00	C$40.00	Sector Perform	N/A
5/30/2024	ALA AltaGas	Boost Price Target	C$34.00	C$35.00 ➝ C$36.00	Outperform	N/A
5/22/2024	SU Suncor Energy	Boost Price Target	C$54.00	C$53.00 ➝ C$57.50	Sector Perform	N/A
5/16/2024	BYD Boyd Group Services	Lower Price Target	C$209.00	C$345.00 ➝ C$340.00	Outperform	N/A
5/15/2024	GLXY Galaxy Digital	Boost Price Target	C$17.00	C$17.00 ➝ C$20.00	Outperform	N/A
5/15/2024	BDT Bird Construction	Boost Price Target	C$25.00	C$23.00 ➝ C$25.00	Outperform	N/A
5/15/2024	KEY Keyera	Boost Price Target	C$44.00	C$34.00 ➝ C$36.00	Outperform	N/A
5/7/2024	AKT.A AKITA Drilling	Boost Price Target	C$2.00	C$2.70 ➝ C$3.75	Outperform	N/A
5/6/2024	NFI NFI Group	Boost Price Target	C$18.00	C$17.00 ➝ C$18.00	Outperform	N/A
5/3/2024	AC Air Canada	Boost Price Target	C$16.00	C$32.00 ➝ C$33.00		N/A
5/3/2024	ACQ AutoCanada	Downgrade	C$16.00	C$62.00 ➝ C$25.00	Outperform ➝ Sector Perform	N/A
4/30/2024	AFN Ag Growth International	Lower Price Target	C$53.00	C$85.00 ➝ C$81.00	Outperform	N/A
4/26/2024	SES Secure Energy Services	Boost Price Target	C$13.00	C$13.00 ➝ C$14.00	Outperform	N/A
4/26/2024	ARE Aecon Group	Boost Price Target	C$22.00	C$19.50 ➝ C$21.00	Outperform	N/A
4/26/2024	WCN Waste Connections	Boost Price Target	C$240.00	C$235.00 ➝ C$240.00	Sector Perform	N/A
4/23/2024	PSK PrairieSky Royalty	Boost Price Target	C$28.00	C$27.00 ➝ C$28.50		N/A
4/22/2024	IPCO International Petroleum	Boost Price Target	C$18.00	C$16.50 ➝ C$19.00		N/A
4/19/2024	HME Hemisphere Energy	Boost Price Target	C$2.00	C$1.80 ➝ C$1.90		N/A
4/10/2024	CP Canadian Pacific Kansas City	Boost Price Target	C$111.00	C$120.00 ➝ C$130.00	Outperform	N/A
4/8/2024	STEP STEP Energy Services	Lower Price Target	C$4.00	C$7.00 ➝ C$6.50		N/A
4/8/2024	PD Precision Drilling	Boost Price Target	C$87.00	C$125.00 ➝ C$126.00		N/A
4/5/2024	PPL Pembina Pipeline	Boost Price Target	C$58.00	C$55.00 ➝ C$56.00		N/A
4/3/2024	OGI Organigram	Set Price Target	C$2.00	C$5.25	Outperform	N/A
4/3/2024	CEU CES Energy Solutions	Boost Price Target	C$8.00	C$5.25 ➝ C$6.50		N/A
4/1/2024	BITF Bitfarms	Set Price Target	C$3.00	C$6.50	Outperform	N/A
4/1/2024	RIOT Riot Platforms	Initiated Coverage	$8.00	$20.00	Outperform	N/A
3/25/2024	SES Secure Energy Services	Set Price Target	C$13.00	C$13.00	Outperform	N/A
3/22/2024	AKT.A AKITA Drilling	Lower Price Target	C$2.00	C$3.30 ➝ C$2.80		N/A
3/20/2024	CR Crew Energy	Lower Price Target	C$7.00	C$7.25 ➝ C$6.50	Strong-Buy	N/A
3/20/2024	ATH Athabasca Oil	Boost Price Target	C$5.00	C$5.50 ➝ C$6.00	Outperform	N/A
3/20/2024	KEL Kelt Exploration	Lower Price Target	C$7.00	C$9.00 ➝ C$8.50	Outperform	N/A
3/20/2024	PSK PrairieSky Royalty	Boost Price Target	C$28.00	C$26.50 ➝ C$27.00	Sector Perform	N/A
3/20/2024	MEG MEG Energy	Boost Price Target	C$28.00	C$32.00 ➝ C$35.00	Outperform	N/A
3/20/2024	TOU Tourmaline Oil	Lower Price Target	C$66.00	C$85.00 ➝ C$80.00	Outperform	N/A
3/20/2024	IMO Imperial Oil	Boost Price Target	C$104.00	C$85.00 ➝ C$90.00	Sector Perform	N/A
3/20/2024	CNQ Canadian Natural Resources	Boost Price Target	C$48.00	C$100.00 ➝ C$107.00	Outperform	N/A