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
12/7/2023	TVE Tamarack Valley Energy	Lower Price Target	C$3.00	C$7.00 ➝ C$6.00	Outperform	N/A
12/7/2023	BTE Baytex Energy	Lower Price Target	C$4.00	C$7.50 ➝ C$7.00	Outperform	N/A
12/7/2023	MEQ Mainstreet Equity	Boost Price Target	C$147.00	C$160.00 ➝ C$170.00	Outperform	N/A
12/6/2023	SHOP Shopify	Downgrade	C$99.00	C$105.00	Outperform ➝ Sector Perform	N/A
11/30/2023	STN Stantec	Boost Price Target	C$105.00	C$110.00 ➝ C$115.00		N/A
11/27/2023	AKT.A AKITA Drilling	Lower Price Target	C$1.00	C$3.75 ➝ C$3.50	Outperform	N/A
11/27/2023	CEU CES Energy Solutions	Lower Price Target	C$4.00	C$5.00 ➝ C$4.75	Outperform	N/A
11/27/2023	EFX Enerflex	Set Price Target	C$6.00	C$11.00	Outperform	N/A
11/27/2023	PHX PHX Energy Services	Lower Price Target	C$9.00	C$12.00 ➝ C$11.50	Outperform	N/A
11/24/2023	QST Questor Technology	Set Price Target	C$1.00	C$1.10	Sector Perform	N/A
11/22/2023	SNDL SNDL	Lower Price Target	$1.00	$6.00 ➝ $4.00	Outperform	Low
11/20/2023	REAL Real Matters	Lower Price Target	C$6.00	C$9.50 ➝ C$9.00	Outperform	N/A
11/15/2023	PKI Parkland	Boost Price Target	C$45.00	C$50.00 ➝ C$54.00	Outperform	N/A
11/13/2023	TCW Trican Well Service	Boost Price Target	C$4.00	C$5.50 ➝ C$6.00	Outperform	N/A
11/13/2023	TOT Total Energy Services	Lower Price Target	C$8.00	C$17.00 ➝ C$15.50		N/A
11/13/2023	EIF Exchange Income	Lower Price Target	C$46.00	C$66.00 ➝ C$60.00	Outperform	N/A
11/13/2023	STN Stantec	Upgrade	C$105.00	C$90.00 ➝ C$110.00	Sector Perform ➝ Outperform	N/A
11/13/2023	BYD Boyd Group Services	Boost Price Target	C$261.00	C$290.00 ➝ C$300.00	Outperform	N/A
11/10/2023	CEU CES Energy Solutions	Boost Price Target	C$4.00	C$4.75 ➝ C$5.00	Outperform	N/A
11/10/2023	EFX Enerflex	Lower Price Target	C$6.00	C$13.00 ➝ C$11.00	Outperform	N/A
11/10/2023	KEL Kelt Exploration	Lower Price Target	C$6.00	C$9.50 ➝ C$9.25		N/A
11/10/2023	ACQ AutoCanada	Lower Price Target	C$18.00	C$70.00 ➝ C$62.00		N/A
11/10/2023	DCBO Docebo	Boost Price Target	C$63.00	C$90.00 ➝ C$95.00	Outperform	N/A
11/10/2023	WSP WSP Global	Boost Price Target	C$189.00	C$200.00 ➝ C$210.00	Sector Perform	N/A
11/9/2023	CFW Calfrac Well Services	Boost Price Target	C$4.00	C$9.00 ➝ C$10.00		N/A
11/9/2023	DXT Dexterra Group	Boost Price Target	C$6.00	C$8.50 ➝ C$9.00	Outperform	N/A
11/9/2023	BDT Bird Construction	Boost Price Target	C$13.00	C$13.25 ➝ C$15.00		N/A
11/9/2023	NVA NuVista Energy	Boost Price Target	C$11.00	C$15.00 ➝ C$15.50	Sector Perform	N/A
11/9/2023	NFI NFI Group	Upgrade	C$14.00	C$14.50 ➝ C$17.00	Sector Perform ➝ Outperform	N/A
11/8/2023	SDE Spartan Delta	Downgrade	C$3.00	C$6.00 ➝ C$5.00	Outperform ➝ Sector Perform	N/A
11/8/2023	MEG MEG Energy	Boost Price Target	C$24.00	C$31.50 ➝ C$32.00	Outperform	N/A
11/8/2023	CJT Cargojet	Lower Price Target	C$112.00	C$130.00 ➝ C$125.00	Outperform	N/A
11/3/2023	BTE Baytex Energy	Lower Price Target	C$4.00	C$8.00 ➝ C$7.50	Outperform	N/A
11/3/2023	LSPD Lightspeed Commerce	Lower Price Target	C$23.00	C$40.00 ➝ C$35.00		N/A
11/3/2023	POU Paramount Resources	Lower Price Target	C$26.00	C$39.00 ➝ C$38.00	Outperform	N/A
11/3/2023	PKI Parkland	Boost Price Target	C$45.00	C$48.00 ➝ C$50.00	Outperform	N/A
11/3/2023	SHOP Shopify	Boost Price Target	C$99.00	C$95.00 ➝ C$105.00	Outperform	N/A
11/2/2023	AKT.A AKITA Drilling	Lower Price Target	C$1.00	C$4.25 ➝ C$3.75		N/A
11/2/2023	NOA North American Construction Group	Lower Price Target	C$27.00	C$45.00 ➝ C$40.00		N/A
11/2/2023	CPX Capital Power	Lower Price Target	C$38.00	C$44.00 ➝ C$42.00		N/A
11/2/2023	TOU Tourmaline Oil	Lower Price Target	C$62.00	C$93.00 ➝ C$92.00		N/A
11/1/2023	WSP WSP Global	Lower Price Target	C$189.00	C$200.00 ➝ C$195.00	Sector Perform	N/A
10/31/2023	AC Air Canada	Lower Price Target	C$18.00	C$35.00 ➝ C$33.00		N/A
10/27/2023	ARE Aecon Group	Lower Price Target	C$12.00	C$16.25 ➝ C$15.25	Outperform	N/A
10/26/2023	CP Canadian Pacific Kansas City	Lower Price Target	C$99.00	C$120.00 ➝ C$117.00	Outperform	N/A
10/23/2023	TOU Tourmaline Oil	Boost Price Target	C$62.00	C$92.00 ➝ C$93.00		N/A
10/20/2023	TVE Tamarack Valley Energy	Boost Price Target	C$3.00	C$6.50 ➝ C$7.00		N/A
10/20/2023	ATH Athabasca Oil	Boost Price Target	C$4.00	C$5.00 ➝ C$5.50		N/A
10/20/2023	CR Crew Energy	Boost Price Target	C$5.00	C$7.50 ➝ C$8.00		N/A
10/20/2023	KEL Kelt Exploration	Boost Price Target	C$6.00	C$9.00 ➝ C$9.50		N/A
10/20/2023	SGY Surge Energy	Set Price Target	C$7.00	C$13.00	Outperform	N/A
10/20/2023	AAV Advantage Energy	Set Price Target	C$9.00	C$13.00	Outperform	N/A
10/20/2023	WCP Whitecap Resources	Boost Price Target	C$9.00	C$15.00 ➝ C$16.00		N/A
10/20/2023	NVA NuVista Energy	Boost Price Target	C$11.00	C$14.75 ➝ C$15.00		N/A
10/20/2023	ARX ARC Resources	Boost Price Target	C$20.00	C$22.50 ➝ C$26.00		N/A
10/20/2023	PSK PrairieSky Royalty	Boost Price Target	C$24.00	C$23.00 ➝ C$26.50		N/A
10/20/2023	ERF Enerplus	Boost Price Target	C$20.00	C$24.00 ➝ C$27.00		N/A
10/20/2023	MEG MEG Energy	Boost Price Target	C$24.00	C$27.00 ➝ C$31.50		N/A
10/20/2023	CVE Cenovus Energy	Boost Price Target	C$22.00	C$31.00 ➝ C$34.00		N/A
10/20/2023	SU Suncor Energy	Boost Price Target	C$42.00	C$52.00 ➝ C$53.00		N/A
10/20/2023	IMO Imperial Oil	Boost Price Target	C$75.00	C$80.00 ➝ C$85.00		N/A
10/20/2023	CNQ Canadian Natural Resources	Boost Price Target	C$85.00	C$90.00 ➝ C$100.00		N/A
10/19/2023	TA TransAlta	Lower Price Target	C$11.00	C$19.00 ➝ C$17.00		N/A
10/19/2023	NPI Northland Power	Lower Price Target	C$23.00	C$38.00 ➝ C$32.00	Outperform	N/A
10/19/2023	CPX Capital Power	Lower Price Target	C$38.00	C$47.00 ➝ C$44.00	Sector Perform	N/A
10/19/2023	PKI Parkland	Boost Price Target	C$45.00	C$44.00 ➝ C$48.00	Outperform	N/A
10/17/2023	TOU Tourmaline Oil	Boost Price Target	C$62.00	C$90.00 ➝ C$92.00	Outperform	N/A
10/16/2023	AC Air Canada	Lower Price Target	C$18.00	C$38.00 ➝ C$35.00	Outperform	N/A
10/12/2023	CNR Canadian National Railway	Lower Price Target	C$160.00	C$175.00 ➝ C$165.00	Sector Perform	N/A
10/10/2023	GXE Gear Energy	Lower Price Target	C$1.00	C$1.50 ➝ C$1.25	Outperform	N/A
10/10/2023	YGR Yangarra Resources	Lower Price Target	C$1.00	C$3.00 ➝ C$2.75	Outperform	N/A
10/10/2023	IPO InPlay Oil	Lower Price Target	C$2.00	C$4.50 ➝ C$4.25	Outperform	N/A
10/10/2023	CJ Cardinal Energy	Lower Price Target	C$6.00	C$10.00 ➝ C$9.50	Outperform	N/A
10/10/2023	IPCO International Petroleum	Lower Price Target	C$14.00	C$18.50 ➝ C$16.50	Outperform	N/A
10/10/2023	KEC Kiwetinohk Energy	Lower Price Target	C$13.00	C$26.00 ➝ C$24.00	Outperform	N/A
10/10/2023	VET Vermilion Energy	Lower Price Target	C$15.00	C$29.00 ➝ C$27.00	Outperform	N/A
10/5/2023	NOA North American Construction Group	Boost Price Target	C$27.00	C$45.00	Outperform	N/A
9/28/2023	GXE Gear Energy	Upgrade	C$1.00	C$1.50	Sector Perform ➝ Outperform	N/A
9/28/2023	SGY Surge Energy	Boost Price Target	C$7.00	C$12.50 ➝ C$13.00	Outperform	N/A
9/25/2023	NPI Northland Power	Lower Price Target	C$23.00	C$42.00 ➝ C$38.00	Outperform	N/A
9/22/2023	VET Vermilion Energy	Lower Price Target	C$15.00	C$32.00 ➝ C$29.00		N/A
9/8/2023	PD Precision Drilling	Boost Price Target	C$72.00	C$140.00 ➝ C$145.00	Outperform	N/A
9/5/2023	ATH Athabasca Oil	Boost Price Target	C$4.00	C$4.50 ➝ C$5.00	Outperform	N/A
9/1/2023	ALA AltaGas	Boost Price Target	C$28.00	C$34.00 ➝ C$35.00		N/A
8/29/2023	QST Questor Technology	Lower Price Target	C$1.00	C$1.15 ➝ C$1.10	Sector Perform	N/A
8/28/2023	NFI NFI Group	Boost Price Target	C$14.00	C$12.50 ➝ C$14.50	Buy	N/A
8/25/2023	CPG Crescent Point Energy	Lower Price Target	C$9.00	C$14.00 ➝ C$13.00	Outperform	N/A
8/14/2023	TOT Total Energy Services	Lower Price Target	C$8.00	C$18.00 ➝ C$17.00		N/A
8/14/2023	NPI Northland Power	Lower Price Target	C$23.00	C$44.00 ➝ C$42.00		N/A
8/14/2023	AFN Ag Growth International	Boost Price Target	C$52.00	C$70.00 ➝ C$78.50		N/A
8/11/2023	BDT Bird Construction	Boost Price Target	C$13.00	C$12.25 ➝ C$13.25		N/A
8/11/2023	DCBO Docebo	Boost Price Target	C$63.00	C$85.00 ➝ C$90.00		N/A
8/11/2023	STN Stantec	Boost Price Target	C$105.00	C$85.00 ➝ C$90.00		N/A
8/11/2023	KXS Kinaxis	Lower Price Target	C$154.00	C$220.00 ➝ C$210.00		N/A
8/9/2023	PHX PHX Energy Services	Upgrade	C$9.00	C$10.00 ➝ C$11.00	Sector Perform ➝ Outperform	N/A
8/8/2023	TA TransAlta	Boost Price Target	C$11.00	C$18.00 ➝ C$19.00	Outperform	N/A
8/3/2023	CPX Capital Power	Boost Price Target	C$38.00	C$46.00 ➝ C$47.00	Sector Perform	N/A
8/3/2023	SHOP Shopify	Boost Price Target	C$99.00	C$90.00 ➝ C$95.00	Outperform	N/A
8/2/2023	ATH Athabasca Oil	Boost Price Target	C$4.00	C$4.25 ➝ C$4.50	Outperform	N/A
7/31/2023	REAL Real Matters	Boost Price Target	C$6.00	C$9.00 ➝ C$9.50		N/A