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
6/15/2021	HEXO HEXO	Lower Price Target	C$7.00	C$9.75 ➝ C$6.00	Sector Perform ➝ NA	N/A
6/15/2021	TOU Tourmaline Oil	Boost Price Target	C$32.00	C$37.50 ➝ C$40.00		N/A
6/10/2021	NOA North American Construction Group	Boost Price Target	C$17.00	C$23.00 ➝ C$23.50	NA	N/A
6/9/2021	TOU Tourmaline Oil	Boost Price Target	C$32.00	C$33.75 ➝ C$37.50	NA	N/A
6/8/2021	CPG Crescent Point Energy	Boost Price Target	C$5.00	C$6.75 ➝ C$7.00		N/A
6/8/2021	LSPD Lightspeed POS	Boost Price Target	C$98.00	C$140.00 ➝ C$150.00	Outperform	N/A
6/2/2021	PPL Pembina Pipeline	Boost Price Target	C$41.00	C$40.00 ➝ C$42.00	NA	N/A
5/31/2021	FLWR The Flowr	Lower Price Target	C$0.00	C$0.45 ➝ C$0.35		N/A
5/27/2021	AFN Ag Growth International	Initiated Coverage	C$37.00	C$60.00	Outperform	N/A
5/26/2021	SPB Superior Plus	Boost Price Target	C$15.00	C$15.00 ➝ C$16.00	Sector Perform	N/A
5/21/2021	LSPD Lightspeed POS	Boost Price Target	C$98.00	C$130.00 ➝ C$140.00	Outperform	N/A
5/20/2021	CRWN Crown Capital Partners	Boost Price Target	C$5.00	C$5.60 ➝ C$6.00	NA	N/A
5/19/2021	LABS MediPharm Labs	Lower Price Target	C$0.00	C$0.60 ➝ C$0.50		N/A
5/19/2021	CRDL Cardiol Therapeutics	Lower Price Target	C$3.00	C$6.00 ➝ C$5.50		N/A
5/18/2021	LABS MediPharm Labs	Boost Price Target	C$0.00	C$0.50 ➝ C$0.60	Sector Perform	N/A
5/18/2021	QST Questor Technology	Lower Price Target	C$2.00	C$2.50 ➝ C$2.25		N/A
5/17/2021	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$1.00	C$0.85 ➝ C$1.15	Sector Perform ➝ Sector Perform	N/A
5/17/2021	SCL Shawcor	Boost Price Target	C$6.00	C$8.50 ➝ C$8.75	NA	N/A
5/17/2021	SNC SNC-Lavalin Group	Boost Price Target	C$32.00	C$39.00 ➝ C$42.00	Outperform	N/A
5/17/2021	EIF Exchange Income	Boost Price Target	C$39.00	C$50.00 ➝ C$53.00	Outperform	N/A
5/17/2021	BYD Boyd Group Services	Downgrade	C$220.00	C$250.00 ➝ C$225.00	Outperform ➝ Sector Perform	N/A
5/14/2021	TCW Trican Well Service	Boost Price Target	C$3.00	C$2.50 ➝ C$2.75	NA	N/A
5/14/2021	TOT Total Energy Services	Lower Price Target	C$5.00	C$6.50 ➝ C$6.00	Outperform	N/A
5/14/2021	ACB Aurora Cannabis	Downgrade	C$11.00	C$13.00	Sector Perform ➝ Underperform	N/A
5/14/2021	DCBO Docebo	Boost Price Target	C$66.00	C$85.00 ➝ C$95.00	NA	N/A
5/14/2021	WSP WSP Global	Boost Price Target	C$139.00	C$126.00 ➝ C$135.00	NA	N/A
5/13/2021	CEU CES Energy Solutions	Boost Price Target	C$2.00	C$2.50 ➝ C$3.00		N/A
5/13/2021	DXT Dexterra Group	Boost Price Target	C$7.00	C$8.25 ➝ C$8.50		N/A
5/13/2021	BDT Bird Construction	Boost Price Target	C$9.00	C$11.00 ➝ C$11.50		N/A
5/13/2021	KEY Keyera	Boost Price Target	C$33.00	C$29.00 ➝ C$32.00		N/A
5/11/2021	ESI Ensign Energy Services	Lower Price Target	C$2.00	C$3.25 ➝ C$3.00	NA	N/A
5/11/2021	EFX Enerflex	Boost Price Target	C$8.00	C$11.00 ➝ C$12.00	NA	N/A
5/11/2021	CVE Cenovus Energy	Lower Price Target	C$12.00	C$16.00 ➝ C$15.25	Outperform	N/A
5/10/2021	WLLW Willow Biosciences	Lower Price Target	C$1.00	C$2.25 ➝ C$2.00		N/A
5/10/2021	PFB PFB	Boost Price Target	C$21.00	C$31.00 ➝ C$34.00	Buy	N/A
5/10/2021	PPL Pembina Pipeline	Boost Price Target	C$41.00	C$39.00 ➝ C$40.00		N/A
5/8/2021	NFI NFI Group	Lower Price Target	C$26.00	C$35.00 ➝ C$33.00		N/A
5/7/2021	NFI NFI Group	Boost Price Target	C$26.00	C$33.00 ➝ C$35.00	NA	N/A
5/7/2021	ACQ AutoCanada	Boost Price Target	C$47.00	C$55.00 ➝ C$59.00	Outperform	N/A
5/7/2021	STN Stantec	Downgrade	C$54.00	C$54.00 ➝ C$57.00	Outperform ➝ Sector Perform	N/A
5/6/2021	PHX PHX Energy Services	Boost Price Target	C$4.00	C$4.50 ➝ C$4.75	Outperform	N/A
5/6/2021	L Loblaw Companies	Boost Price Target	C$75.00		Outperform	N/A
5/5/2021	SU Suncor Energy	Lower Price Target	C$30.00	C$39.00 ➝ C$35.00	Outperform	N/A
5/4/2021	CJT Cargojet	Boost Price Target	C$178.00	C$225.00 ➝ C$230.00	Outperform	N/A
5/3/2021	KHRN Khiron Life Sciences	Lower Price Target	C$0.00	C$1.20 ➝ C$1.00		N/A
5/3/2021	IMO Imperial Oil	Boost Price Target	C$39.00	C$37.75 ➝ C$39.00	Sector Perform	N/A
5/3/2021	CPX Capital Power	Boost Price Target	C$41.00	C$38.00 ➝ C$40.00	Sector Perform	N/A
4/30/2021	BTE Baytex Energy	Upgrade	C$2.00	C$1.60 ➝ C$1.75	Underperform ➝ Sector Perform	N/A
4/30/2021	NOA North American Construction Group	Boost Price Target	C$17.00	C$18.50 ➝ C$23.00		N/A
4/30/2021	WCN Waste Connections	Reiterated Rating	C$148.00	C$155.00	NA	N/A
4/29/2021	FLWR The Flowr	Lower Price Target	C$0.00	C$0.70 ➝ C$0.45		N/A
4/29/2021	REAL Real Matters	Boost Price Target	C$18.00	C$24.00 ➝ C$26.00	Outperform	N/A
4/27/2021	XLY Auxly Cannabis Group	Lower Price Target	C$0.00	C$0.50 ➝ C$0.45		N/A
4/27/2021	TEV Tervita	Reiterated Rating	C$6.00		Outperform	N/A
4/27/2021	SCL Shawcor	Upgrade	C$6.00		Sector Perform ➝ Outperform	N/A
4/27/2021	CPX Capital Power	Downgrade	C$41.00		Outperform ➝ Sector Perform	N/A
4/22/2021	REAL Real Matters	Lower Price Target	C$18.00	C$29.00 ➝ C$24.00	Outperform	N/A
4/22/2021	ACQ AutoCanada	Boost Price Target	C$47.00	C$40.00 ➝ C$55.00	Outperform	N/A
4/22/2021	NPI Northland Power	Boost Price Target	C$42.00	C$53.00 ➝ C$55.00	Outperform	N/A
4/22/2021	MRU Metro	Boost Price Target	C$59.00	C$62.00 ➝ C$64.00	Sector Perform	N/A
4/20/2021	TCW Trican Well Service	Boost Price Target	C$3.00	C$2.25 ➝ C$2.50	NA	N/A
4/14/2021	OGI OrganiGram	Lower Price Target	C$4.00	C$4.20 ➝ C$3.75	Underperform	N/A
4/13/2021	TVE Tamarack Valley Energy	Boost Price Target	C$3.00	C$3.00 ➝ C$3.25	NA	N/A
4/7/2021	WCP Whitecap Resources	Boost Price Target	C$6.00	C$7.50 ➝ C$8.00	Outperform	N/A
4/5/2021	CRDL Cardiol Therapeutics	Lower Price Target	C$3.00	C$6.30 ➝ C$6.00	Speculative Buy	N/A
3/26/2021	TVE Tamarack Valley Energy	Boost Price Target	C$3.00	C$2.50 ➝ C$3.00	Strong-Buy	N/A
3/25/2021	WLLW Willow Biosciences	Lower Price Target	C$1.00	C$2.75 ➝ C$2.25		N/A
3/17/2021	TOT Total Energy Services	Boost Price Target	C$5.00	C$5.50 ➝ C$6.50	NA	N/A
3/17/2021	ALA AltaGas	Boost Price Target	C$26.00	C$24.00	Outperform	N/A
3/17/2021	EMP.A Empire	Boost Price Target	C$42.00	C$45.00 ➝ C$46.00	NA	N/A
3/15/2021	PFB PFB	Boost Price Target	C$21.00	C$26.00 ➝ C$31.00	NA	N/A
3/15/2021	IMO Imperial Oil	Boost Price Target	C$39.00	C$30.75 ➝ C$32.00	NA	N/A
3/12/2021	CR Crew Energy	Boost Price Target	C$2.00	C$1.35 ➝ C$1.50	NA	N/A
3/12/2021	CEU CES Energy Solutions	Boost Price Target	C$2.00	C$2.25 ➝ C$2.50	NA	N/A
3/12/2021	KEL Kelt Exploration	Boost Price Target	C$3.00	C$3.50 ➝ C$4.25	NA	N/A
3/12/2021	OGI OrganiGram	Boost Price Target	C$4.00	C$1.90 ➝ C$4.20	NA	N/A
3/12/2021	DXT Dexterra Group	Boost Price Target	C$7.00	C$6.60 ➝ C$8.25	NA	N/A
3/12/2021	SCL Shawcor	Boost Price Target	C$6.00	C$5.00 ➝ C$8.50	NA	N/A
3/11/2021	BDT Bird Construction	Boost Price Target	C$9.00	C$10.50 ➝ C$11.00	NA	N/A
3/10/2021	TEV Tervita	Downgrade	C$6.00	C$6.50 ➝ C$7.00	Outperform ➝ Tender	N/A
3/10/2021	SNC SNC-Lavalin Group	Boost Price Target	C$32.00	C$38.00 ➝ C$39.00	NA	N/A
3/9/2021	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$1.00	C$0.60 ➝ C$0.85		N/A
3/8/2021	ESI Ensign Energy Services	Boost Price Target	C$2.00	C$1.00 ➝ C$1.50		N/A
3/5/2021	MEG MEG Energy	Boost Price Target	C$9.00	C$7.25 ➝ C$8.50		N/A
3/3/2021	NVA NuVista Energy	Boost Price Target	C$3.00	C$2.25 ➝ C$2.50		N/A
3/2/2021	CJT Cargojet	Lower Price Target	C$178.00	C$275.00 ➝ C$225.00		N/A
3/1/2021	ARE Aecon Group	Boost Price Target	C$18.00	C$19.00 ➝ C$23.00	NA	N/A
2/26/2021	SES Secure Energy Services	Boost Price Target	C$4.00	C$3.25 ➝ C$4.00		N/A
2/26/2021	STN Stantec	Reiterated Rating	$43.00	$54.00	Buy	Low
2/26/2021	STN Stantec	Boost Price Target	C$54.00	C$53.00 ➝ C$54.00		N/A
2/26/2021	WSP WSP Global	Lower Price Target	C$139.00	C$128.00 ➝ C$126.00		N/A
2/25/2021	TCW Trican Well Service	Boost Price Target	C$3.00	C$2.15 ➝ C$2.25	NA	N/A
2/25/2021	WCP Whitecap Resources	Boost Price Target	C$6.00	C$2.25	NA	N/A
2/22/2021	SPB Superior Plus	Boost Price Target	C$15.00	C$14.00 ➝ C$14.50	Outperform ➝ Sector Perform	N/A
2/22/2021	IPL Inter Pipeline	Boost Price Target	C$20.00	C$13.00 ➝ C$18.00	NA	N/A
2/19/2021	CPG Crescent Point Energy	Upgrade	C$5.00	C$3.65 ➝ C$5.75	Sector Perform ➝ Outperform	N/A
2/19/2021	NOA North American Construction Group	Boost Price Target	C$17.00	C$16.50 ➝ C$18.50		N/A
2/19/2021	EIF Exchange Income	Boost Price Target	C$39.00	C$46.00 ➝ C$50.00		N/A
2/19/2021	WCN Waste Connections	Lower Price Target	C$148.00	C$145.00 ➝ C$140.00		N/A
2/19/2021	SHOP Shopify	Boost Price Target	C$1,805.00	C$1,810.00 ➝ C$2,250.00	Outperform	N/A