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
12/7/2021	WCP Whitecap Resources	Boost Price Target	C$8.00	C$11.25 ➝ C$11.50		N/A
12/2/2021	SCL Shawcor	Lower Price Target	C$5.00	C$6.75 ➝ C$6.50		N/A
12/2/2021	ACQ AutoCanada	Boost Price Target	C$37.00	C$80.00 ➝ C$85.00		N/A
12/1/2021	VET Vermilion Energy	Boost Price Target	C$14.00	C$13.50 ➝ C$14.50		N/A
11/30/2021	VET Vermilion Energy	Lower Price Target	C$14.00	C$14.50 ➝ C$13.50	Buy	N/A
11/24/2021	OGI OrganiGram	Lower Price Target	C$3.00	C$4.25 ➝ C$2.65		N/A
11/23/2021	GXE Gear Energy	Boost Price Target	C$1.00	C$1.00 ➝ C$1.20		N/A
11/23/2021	CR Crew Energy	Boost Price Target	C$3.00	C$3.50 ➝ C$4.25		N/A
11/23/2021	BTE Baytex Energy	Boost Price Target	C$4.00	C$3.50 ➝ C$4.75		N/A
11/23/2021	CPG Crescent Point Energy	Boost Price Target	C$7.00	C$8.50 ➝ C$9.25		N/A
11/23/2021	BIR Birchcliff Energy	Boost Price Target	C$7.00	C$7.50 ➝ C$8.75		N/A
11/23/2021	ARX ARC Resources	Boost Price Target	C$12.00	C$15.75 ➝ C$16.75		N/A
11/23/2021	ERF Enerplus	Boost Price Target	C$13.00	C$12.25 ➝ C$14.00		N/A
11/23/2021	CVE Cenovus Energy	Boost Price Target	C$16.00	C$19.50 ➝ C$22.00		N/A
11/23/2021	IMO Imperial Oil	Boost Price Target	C$45.00	C$45.00 ➝ C$48.00		N/A
11/23/2021	CNQ Canadian Natural Resources	Boost Price Target	C$54.00	C$58.00 ➝ C$65.00		N/A
11/18/2021	REAL Real Matters	Lower Price Target	C$8.00	C$21.00 ➝ C$17.00		N/A
11/18/2021	L Loblaw Companies	Boost Price Target	C$97.00	C$103.00 ➝ C$105.00		N/A
11/16/2021	QST Questor Technology	Boost Price Target	C$2.00	C$2.00 ➝ C$2.25		N/A
11/16/2021	NFI NFI Group	Lower Price Target	C$22.00	C$38.00 ➝ C$35.00		N/A
11/15/2021	HWO High Arctic Energy Services	Boost Price Target	C$1.00	C$1.80 ➝ C$2.00		N/A
11/15/2021	EIF Exchange Income	Boost Price Target	C$42.00	C$54.00 ➝ C$57.00	Outperform	N/A
11/12/2021	CEU CES Energy Solutions	Boost Price Target	C$2.00	C$3.75 ➝ C$4.00	Outperform	N/A
11/12/2021	SCL Shawcor	Lower Price Target	C$5.00	C$7.50 ➝ C$6.75	Outperform	N/A
11/12/2021	BDT Bird Construction	Boost Price Target	C$10.00	C$11.75 ➝ C$12.00	Buy	N/A
11/12/2021	AFN Ag Growth International	Boost Price Target	C$34.00	C$52.00 ➝ C$54.00	Outperform	N/A
11/12/2021	ACQ AutoCanada	Boost Price Target	C$37.00	C$75.00 ➝ C$80.00		N/A
11/12/2021	LBLCF Loblaw Companies	Reiterated Rating	C$77.00	C$103.00	Buy	Low
11/12/2021	L Loblaw Companies	Boost Price Target	C$97.00	C$92.00 ➝ C$103.00	Outperform	N/A
11/12/2021	WSP WSP Global	Boost Price Target	C$179.00	C$150.00 ➝ C$180.00	Sector Perform	N/A
11/9/2021	TOT Total Energy Services	Boost Price Target	C$6.00	C$8.25 ➝ C$9.75	Outperform	N/A
11/9/2021	EFX Enerflex	Reiterated Rating	C$8.00		Buy	N/A
11/9/2021	MRE Martinrea International	Reiterated Rating	C$11.00		Outperform	N/A
11/9/2021	WTE Westshore Terminals Investment	Reiterated Rating	C$27.00		Underperform	N/A
11/9/2021	RUS Russel Metals	Reiterated Rating	C$34.00		Outperform	N/A
11/9/2021	TSU Trisura Group	Reiterated Rating	C$44.00		Market Perform	N/A
11/9/2021	IGM IGM Financial	Reiterated Rating	C$47.00		Market Perform	N/A
11/9/2021	TIH Toromont Industries	Reiterated Rating	C$108.00		Outperform	N/A
11/9/2021	KXS Kinaxis	Reiterated Rating	C$186.00		Buy	N/A
11/8/2021	EFX Enerflex	Lower Price Target	C$8.00	C$13.00 ➝ C$12.00		N/A
11/8/2021	KXS Kinaxis	Boost Price Target	C$186.00	C$200.00 ➝ C$240.00		N/A
11/5/2021	AKT.A AKITA Drilling	Lower Price Target	C$1.00	C$1.85 ➝ C$1.50	NA	N/A
11/5/2021	TWM Tidewater Midstream and Infrastructure	Boost Price Target	C$1.00	C$1.70 ➝ C$1.90	NA	N/A
11/5/2021	STN Stantec	Boost Price Target	C$71.00	C$71.00 ➝ C$72.00	Sector Perform	N/A
11/4/2021	NFI NFI Group	Boost Price Target	C$22.00	C$34.00 ➝ C$38.00	Outperform	N/A
11/4/2021	AFN Ag Growth International	Lower Price Target	C$34.00	C$58.00 ➝ C$52.00	Outperform	N/A
11/3/2021	CFW Calfrac Well Services	Boost Price Target	C$5.00	C$4.00 ➝ C$5.25	Buy	N/A
11/3/2021	AC Air Canada	Boost Price Target	C$22.00	C$33.00 ➝ C$34.00	Buy	N/A
11/2/2021	ARE Aecon Group	Lower Price Target	C$17.00	C$24.00 ➝ C$21.00		N/A
11/1/2021	HEXO HEXO	Lower Price Target	C$1.00	C$6.00 ➝ C$1.50	Underperform	N/A
11/1/2021	ARE Aecon Group	Boost Price Target	C$17.00	C$21.00 ➝ C$24.00	Buy	N/A
11/1/2021	SNC SNC-Lavalin Group	Lower Price Target	C$32.00	C$45.00 ➝ C$44.00	Buy	N/A
10/29/2021	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$2.00	C$2.50 ➝ C$3.00	Speculative Buy	N/A
10/29/2021	WCN Waste Connections	Boost Price Target	C$169.00	C$155.00 ➝ C$165.00	Neutral	N/A
10/28/2021	TCW Trican Well Service	Boost Price Target	C$3.00	C$3.75 ➝ C$4.00	Buy	N/A
10/28/2021	CVE Cenovus Energy	Reiterated Rating	C$13.00	C$19.50	Buy	Medium
10/28/2021	TPZ Topaz Energy	Boost Price Target	C$18.00	C$22.00 ➝ C$24.00	Strong-Buy	N/A
10/28/2021	IMO Imperial Oil	Reiterated Rating	C$35.00	C$39.00	Hold	N/A
10/27/2021	MEG MEG Energy	Reiterated Rating	C$12.00	C$14.75	Sector Perform	N/A
10/27/2021	CVE Cenovus Energy	Reiterated Rating	C$16.00	C$19.50	Outperform	N/A
10/27/2021	SU Suncor Energy	Reiterated Rating	C$31.00	C$33.00	Sector Perform	N/A
10/27/2021	IMO Imperial Oil	Reiterated Rating	C$45.00	C$39.00	Sector Perform	N/A
10/27/2021	CNQ Canadian Natural Resources	Reiterated Rating	C$54.00	C$39.50	Outperform	N/A
10/26/2021	PFB PFB	Boost Price Target	C$24.00	C$32.00 ➝ C$33.00		N/A
10/22/2021	PD Precision Drilling	Lower Price Target	C$44.00	C$81.00 ➝ C$75.00		N/A
10/22/2021	STN Stantec	Reiterated Rating	C$56.00	C$71.00	Hold	Low
10/22/2021	STN Stantec	Boost Price Target	C$71.00	C$60.00 ➝ C$71.00	Sector Perform	N/A
10/21/2021	IPO InPlay Oil	Upgrade	C$2.00	C$1.75 ➝ C$2.25	Sector Perform ➝ Outperform	N/A
10/21/2021	HWO High Arctic Energy Services	Lower Price Target	C$1.00	C$2.00 ➝ C$1.80		N/A
10/15/2021	CESDF CES Energy Solutions	Reiterated Rating	$1.00		Buy	Low
10/14/2021	AKT.A AKITA Drilling	Reiterated Rating	C$1.00		Sector Perform	N/A
10/14/2021	CEU CES Energy Solutions	Reiterated Rating	C$2.00		Outperform	N/A
10/14/2021	PHX PHX Energy Services	Reiterated Rating	C$5.00		Outperform	N/A
10/14/2021	TOT Total Energy Services	Reiterated Rating	C$6.00		Outperform	N/A
10/14/2021	NOA North American Construction Group	Reiterated Rating	C$18.00		Outperform	N/A
10/12/2021	AKT.A AKITA Drilling	Lower Price Target	C$1.00	C$2.00 ➝ C$1.85		N/A
10/12/2021	QST Questor Technology	Boost Price Target	C$2.00	C$1.75 ➝ C$2.00		N/A
10/12/2021	CEU CES Energy Solutions	Boost Price Target	C$2.00	C$3.50 ➝ C$3.75	NA	N/A
10/12/2021	TOT Total Energy Services	Boost Price Target	C$6.00	C$8.00 ➝ C$8.25	NA	N/A
10/12/2021	PHX PHX Energy Services	Boost Price Target	C$5.00	C$8.00 ➝ C$8.50	NA	N/A
10/12/2021	SCL Shawcor	Upgrade	C$5.00	C$8.50 ➝ C$7.50	Outperform ➝ Sector Perform	N/A
10/12/2021	NOA North American Construction Group	Boost Price Target	C$18.00	C$26.00 ➝ C$26.50	NA	N/A
10/6/2021	WCP Whitecap Resources	Reiterated Rating	C$8.00		Outperform	N/A
10/5/2021	BDRBF Bombardier	Reiterated Rating	C$1.00	C$2.50	Buy	High
10/4/2021	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$2.00	C$2.00 ➝ C$2.50	Speculative Buy ➝ Speculative Buy	N/A
9/29/2021	ACB Aurora Cannabis	Lower Price Target	C$8.00	C$7.50 ➝ C$6.00	Sector Perform	N/A
9/24/2021	TOU Tourmaline Oil	Reiterated Rating	C$43.00		Outperform	N/A
9/23/2021	TOU Tourmaline Oil	Boost Price Target	C$43.00	C$45.00 ➝ C$50.00	NA	N/A
9/20/2021	NFI NFI Group	Lower Price Target	C$22.00	C$38.00 ➝ C$34.00	Outperform	N/A
9/16/2021	TCW Trican Well Service	Reiterated Rating	C$3.00		Buy	N/A
9/15/2021	TCW Trican Well Service	Boost Price Target	C$3.00	C$3.75	NA	N/A
9/13/2021	CRWN Crown Capital Partners	Boost Price Target	C$7.00	C$6.00 ➝ C$7.10	Buy	N/A
8/24/2021	KHRN Khiron Life Sciences	Lower Price Target	C$0.00	C$1.00 ➝ C$0.80		N/A
8/20/2021	SDE Spartan Delta	Boost Price Target	C$4.00	C$6.50 ➝ C$7.00	Speculative Buy ➝ Outperform	N/A
8/17/2021	XLY Cannabis Wheaton Income	Upgrade	C$0.00		Outperform	N/A
8/17/2021	XLY Auxly Cannabis Group	Upgrade	C$0.00		Sector Perform ➝ Outperform	N/A
8/17/2021	QST Questor Technology	Lower Price Target	C$2.00	C$2.25 ➝ C$1.75		N/A
8/12/2021	TOT Total Energy Services	Boost Price Target	C$6.00	C$8.00		N/A
8/12/2021	SCL Shawcor	Lower Price Target	C$5.00	C$8.50		N/A
8/12/2021	DXT Dexterra Group	Boost Price Target	C$9.00	C$9.00		N/A