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
3/23/2023	BYD Boyd Group Services	Boost Price Target	C$211.00	C$255.00 ➝ C$265.00		N/A
3/21/2023	AKT.A AKITA Drilling	Boost Price Target	C$1.00	C$4.25 ➝ C$5.00		N/A
3/17/2023	CFW Calfrac Well Services	Lower Price Target	C$4.00	C$14.50 ➝ C$12.00		N/A
3/16/2023	BIR Birchcliff Energy	Lower Price Target	C$8.00	C$12.50 ➝ C$11.50		N/A
3/16/2023	IPO InPlay Oil	Lower Price Target	C$3.00	C$5.25 ➝ C$5.00		N/A
3/10/2023	WSP WSP Global	Boost Price Target	C$168.00	C$174.00 ➝ C$190.00		N/A
3/10/2023	SCL Shawcor	Upgrade	C$12.00		Sector Perform ➝ Outperform	N/A
3/10/2023	DXT Dexterra Group	Lower Price Target	C$5.00	C$9.00 ➝ C$8.40		N/A
3/10/2023	CEU CES Energy Solutions	Boost Price Target	C$3.00	C$5.25 ➝ C$5.50		N/A
3/10/2023	TWM Tidewater Midstream and Infrastructure	Lower Price Target	C$1.00	C$1.70 ➝ C$1.50		N/A
3/9/2023	AFN Ag Growth International	Boost Price Target	C$59.00	C$64.00 ➝ C$72.00		N/A
3/9/2023	BDT Bird Construction	Boost Price Target	C$9.00	C$11.00 ➝ C$12.00		N/A
3/9/2023	CR Crew Energy	Lower Price Target	C$5.00	C$9.00 ➝ C$8.00		N/A
3/8/2023	TOU Tourmaline Oil	Lower Price Target	C$54.00	C$95.00 ➝ C$90.00		N/A
3/8/2023	EMP.A Empire	Lower Price Target	C$34.00	C$45.00 ➝ C$42.00		N/A
3/8/2023	POU Paramount Resources	Lower Price Target	C$28.00	C$40.00 ➝ C$39.00		N/A
3/8/2023	EFX Enerflex	Upgrade	C$8.00	C$11.00 ➝ C$14.00	Sector Perform ➝ Outperform	N/A
3/8/2023	SES Secure Energy Services	Lower Price Target	C$6.00	C$10.50 ➝ C$9.00		N/A
3/7/2023	CJT Cargojet	Lower Price Target	C$106.00	C$185.00 ➝ C$150.00		N/A
3/6/2023	SNC SNC-Lavalin Group	Boost Price Target	C$32.00	C$36.00 ➝ C$37.00		N/A
3/6/2023	NFI NFI Group	Lower Price Target	C$8.00	C$18.00 ➝ C$14.00		N/A
3/3/2023	KXS Kinaxis	Boost Price Target	C$185.00	C$200.00 ➝ C$210.00		N/A
3/2/2023	ARE Aecon Group	Upgrade	C$13.00	C$14.00 ➝ C$16.00	Sector Perform ➝ Outperform	N/A
3/1/2023	BTE Baytex Energy	Upgrade	C$5.00		Sector Perform ➝ Outperform	N/A
2/24/2023	STN Stantec	Boost Price Target	C$76.00	C$75.00 ➝ C$85.00		N/A
2/24/2023	EIF Exchange Income	Boost Price Target	C$51.00	C$65.00 ➝ C$66.00		N/A
2/21/2023	AC Air Canada	Lower Price Target	C$18.00	C$32.00 ➝ C$31.00		N/A
2/21/2023	SPB Superior Plus	Lower Price Target	C$11.00	C$12.50 ➝ C$12.00		N/A
2/17/2023	WCN Waste Connections	Upgrade	C$182.00	C$200.00 ➝ C$210.00	Sector Perform ➝ Outperform	N/A
2/16/2023	NOA North American Construction Group	Upgrade	C$22.00	C$24.00 ➝ C$29.00	Sector Perform ➝ Outperform	N/A
2/15/2023	MEQ Mainstreet Equity	Boost Price Target	C$127.00	C$135.00 ➝ C$155.00		N/A
2/14/2023	ARX ARC Resources	Lower Price Target	C$15.00	C$23.00 ➝ C$22.50		N/A
2/10/2023	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$64.00	C$80.00 ➝ C$85.00		N/A
2/6/2023	LSPD Lightspeed Commerce	Lower Price Target	C$21.00	C$60.00 ➝ C$55.00		N/A
1/31/2023	ACQ AutoCanada	Lower Price Target	C$18.00	C$90.00 ➝ C$80.00		N/A
1/30/2023	REAL Real Matters	Boost Price Target	C$5.00	C$8.00 ➝ C$8.50		N/A
1/25/2023	CNR Canadian National Railway	Lower Price Target	C$154.00	C$180.00 ➝ C$175.00		N/A
1/19/2023	BIR Birchcliff Energy	Lower Price Target	C$8.00	C$13.50 ➝ C$13.00		N/A
1/19/2023	GXE Gear Energy	Lower Price Target	C$1.00	C$1.80 ➝ C$1.60		N/A
1/16/2023	TOU Tourmaline Oil	Lower Price Target	C$54.00	C$100.00 ➝ C$95.00		N/A
1/16/2023	CET Cathedral Energy Services	Lower Price Target	C$1.00	C$2.35 ➝ C$2.30		N/A
1/13/2023	CJT Cargojet	Lower Price Target	C$106.00	C$200.00 ➝ C$185.00		N/A
1/13/2023	BDT Bird Construction	Boost Price Target	C$9.00	C$10.00 ➝ C$11.00		N/A
1/4/2023	PD Precision Drilling	Boost Price Target	C$66.00	C$140.00 ➝ C$174.00		N/A
1/4/2023	SES Secure Energy Services	Boost Price Target	C$6.00	C$9.00 ➝ C$10.50		N/A
1/4/2023	CFW Calfrac Well Services	Boost Price Target	C$4.00	C$13.00 ➝ C$14.50		N/A
1/4/2023	STEP STEP Energy Services	Boost Price Target	C$3.00	C$9.50 ➝ C$10.00		N/A
1/4/2023	ESI Ensign Energy Services	Boost Price Target	C$3.00	C$7.00 ➝ C$9.00		N/A
12/23/2022	SPB Superior Plus	Boost Price Target	C$11.00	C$12.00 ➝ C$12.50		N/A
12/15/2022	NPI Northland Power	Boost Price Target	C$33.00	C$52.00	Outperform	N/A
12/14/2022	MEQ Mainstreet Equity	Upgrade	C$127.00	C$135.00	Outperform	N/A
12/6/2022	BTE Baytex Energy	Boost Price Target	C$5.00	C$8.00 ➝ C$9.00	Sector Perform	N/A
12/6/2022	QST Questor Technology	Lower Price Target	C$1.00	C$1.30 ➝ C$1.15		N/A
12/2/2022	CPX Capital Power	Boost Price Target	C$41.00	C$50.00 ➝ C$52.00		N/A
12/1/2022	CNQ Canadian Natural Resources	Boost Price Target	C$70.00	C$92.00 ➝ C$94.00		N/A
11/23/2022	CFW Calfrac Well Services	Boost Price Target	C$4.00	C$11.50 ➝ C$13.00		N/A
11/21/2022	CNQ Canadian Natural Resources	Boost Price Target	C$70.00	C$91.00 ➝ C$92.00		N/A
11/21/2022	IMO Imperial Oil	Boost Price Target	C$63.00	C$72.00 ➝ C$77.00		N/A
11/21/2022	HP Helmerich & Payne	Boost Price Target	$33.00	$71.00		Low
11/21/2022	CVE Cenovus Energy	Boost Price Target	C$21.00	C$35.00 ➝ C$37.00		N/A
11/17/2022	L Loblaw Companies	Boost Price Target	C$116.00	C$135.00 ➝ C$140.00		N/A
11/17/2022	MRU Metro	Boost Price Target	C$71.00	C$76.00 ➝ C$80.00		N/A
11/15/2022	TPZ Topaz Energy	Boost Price Target	C$19.00	C$30.00 ➝ C$32.00	Strong-Buy	N/A
11/15/2022	SCL Shawcor	Boost Price Target	C$12.00	C$14.00 ➝ C$16.75		N/A
11/15/2022	XLY Auxly Cannabis Group	Lower Price Target	C$0.00	C$0.25 ➝ C$0.07	Sector Perform	N/A
11/15/2022	XLY Auxly Cannabis Group	Lower Price Target	C$0.00	C$0.07	Sector Perform	N/A
11/14/2022	VET Vermilion Energy	Set Price Target	C$17.00	C$38.00 ➝ C$36.00		N/A
11/14/2022	KEL Kelt Exploration	Set Price Target	C$4.00	C$10.00 ➝ C$9.50		N/A
11/14/2022	TCW Trican Well Service	Boost Price Target	C$3.00	C$5.50 ➝ C$6.00		N/A
11/11/2022	WSP WSP Global	Boost Price Target	C$168.00	C$172.00 ➝ C$174.00		N/A
11/10/2022	BYD Boyd Group Services	Boost Price Target	C$211.00	C$250.00 ➝ C$255.00		N/A
11/10/2022	AFN Ag Growth International	Lower Price Target	C$59.00	C$65.50 ➝ C$64.00		N/A
11/10/2022	KEY Keyera	Lower Price Target	C$28.00	C$36.00 ➝ C$35.00		N/A
11/10/2022	NVA NuVista Energy	Lower Price Target	C$11.00	C$15.00 ➝ C$14.75		N/A
11/10/2022	TOT Total Energy Services	Boost Price Target	C$8.00	C$14.50 ➝ C$16.00		N/A
11/10/2022	DXT Dexterra Group	Lower Price Target	C$5.00	C$10.00 ➝ C$9.00		N/A
11/9/2022	L Loblaw Companies	Boost Price Target	C$116.00	C$130.00 ➝ C$135.00		N/A
11/9/2022	MRU Metro	Boost Price Target	C$71.00	C$72.00 ➝ C$76.00	Sector Perform	N/A
11/9/2022	SDE Spartan Delta	Boost Price Target	C$13.00	C$16.50 ➝ C$17.50		N/A
11/9/2022	TA TransAlta	Boost Price Target	C$11.00	C$16.50 ➝ C$17.50		N/A
11/9/2022	EINC E Automotive	Lower Price Target	C$3.00	C$17.50 ➝ C$12.50		N/A
11/7/2022	KXS Kinaxis	Boost Price Target	C$185.00	C$190.00 ➝ C$200.00		N/A
11/7/2022	SNC SNC-Lavalin Group	Lower Price Target	C$32.00	C$37.00 ➝ C$36.00	Buy	N/A
11/4/2022	WCN Waste Connections	Boost Price Target	C$182.00	C$180.00 ➝ C$200.00		N/A
11/4/2022	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$64.00	C$75.00 ➝ C$80.00		N/A
11/4/2022	LSPD Lightspeed Commerce	Lower Price Target	C$21.00	C$70.00 ➝ C$60.00		N/A
11/4/2022	AKT.A AKITA Drilling	Boost Price Target	C$1.00	C$3.25 ➝ C$4.25		N/A
11/3/2022	SES Secure Energy Services	Boost Price Target	C$6.00	C$9.00 ➝ C$10.50		N/A
11/3/2022	CFW Calfrac Well Services	Boost Price Target	C$4.00	C$10.00 ➝ C$11.50		N/A
11/2/2022	IPCO International Petroleum	Reiterated Rating	C$12.00	C$17.50 ➝ C$18.50	Outperform	N/A
10/31/2022	NOA North American Construction Group	Boost Price Target	C$22.00	C$22.00 ➝ C$23.00		N/A
10/28/2022	PD Precision Drilling	Boost Price Target	C$66.00	C$137.00 ➝ C$140.00		N/A
10/27/2022	HAL Halliburton	Boost Price Target	$29.00	$49.00		Low
10/27/2022	LBRT Liberty Energy	Boost Price Target	$12.00	$23.50		Low
10/27/2022	IPCO International Petroleum	Lower Price Target	C$12.00	C$17.50	Outperform	N/A
10/27/2022	SGY Surge Energy	Reiterated Rating	C$8.00	C$15.00	Outperform	N/A
10/27/2022	CJ Cardinal Energy	Reiterated Rating	C$7.00	C$10.50	Outperform	N/A
10/27/2022	HME Hemisphere Energy	Set Price Target	C$1.00	C$1.45	Outperform	N/A
10/25/2022	PSK PrairieSky Royalty	Boost Price Target	C$21.00	C$22.00 ➝ C$23.00		N/A
10/25/2022	NFI NFI Group	Lower Price Target	C$8.00	C$21.00 ➝ C$18.00	Speculative Buy	N/A