CIBC Stock Recommendations and Price Targets

This is a list of recent ratings by CIBC.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
9/30/2022	CMMC Copper Mountain Mining	Lower Price Target	C$2.00	C$2.50 ➝ C$2.35	Neutral	N/A
9/28/2022	CJT Cargojet	Lower Price Target	C$112.00	C$210.00 ➝ C$203.00		N/A
9/28/2022	MOZ Marathon Gold	Lower Price Target	C$1.00	C$2.30 ➝ C$1.75		N/A
9/28/2022	STC Sangoma Technologies	Lower Price Target	C$4.00	C$6.50 ➝ C$6.00		N/A
9/27/2022	LSPD Lightspeed Commerce	Lower Price Target	C$24.00	C$67.00 ➝ C$40.00	Outperform	N/A
9/26/2022	AGF.B AGF Management	Lower Price Target	C$6.00	C$7.25 ➝ C$6.75		N/A
9/22/2022	TECK.B Teck Resources	Lower Price Target	C$42.00	C$58.00 ➝ C$56.50	Outperform	N/A
9/19/2022	ACB Aurora Cannabis	Lower Price Target	C$2.00	C$3.75 ➝ C$2.50	Neutral	N/A
9/16/2022	BLX Boralex	Boost Price Target	C$44.00	C$49.00 ➝ C$50.00		N/A
9/16/2022	EMP.A Empire	Lower Price Target	C$34.00	C$47.00 ➝ C$45.00	Outperform	N/A
9/16/2022	INE Innergex Renewable Energy	Boost Price Target	C$17.00	C$22.00 ➝ C$23.00		N/A
9/16/2022	NPI Northland Power	Boost Price Target	C$40.00	C$48.00 ➝ C$49.00		N/A
9/15/2022	DOO BRP	Boost Price Target	C$85.00	C$125.00 ➝ C$132.00	Outperform	N/A
9/14/2022	KEL Kelt Exploration	Lower Price Target	C$5.00	C$10.00 ➝ C$9.50	Outperform	N/A
9/13/2022	PLC Park Lawn	Lower Price Target	C$24.00	C$40.00 ➝ C$36.00	Outperform	N/A
9/13/2022	TPZ Topaz Energy	Boost Price Target	C$21.00	C$28.00 ➝ C$29.00	Outperform	N/A
9/12/2022	CJREF Corus Entertainment	Downgrade	$2.00		Outperform ➝ Neutral	Low
9/12/2022	CJR.B Corus Entertainment	Downgrade	C$2.00	C$6.50 ➝ C$3.75	Outperform ➝ Neutral	N/A
9/12/2022	DOL Dollarama	Boost Price Target	C$79.00	C$76.00 ➝ C$82.00	Neutral	N/A
9/12/2022	EQX Equinox Gold	Upgrade	C$8.00	C$5.30 ➝ C$4.90	Underperform ➝ Neutral	N/A
9/9/2022	NNWWF North West	Lower Price Target	C$23.00	C$39.00 ➝ C$35.00		Low
9/9/2022	SKE Skeena Resources	Lower Price Target	C$5.00	C$19.00 ➝ C$17.50		Low
9/9/2022	NWC North West	Lower Price Target	C$32.00	C$39.00 ➝ C$35.00	Neutral	N/A
9/9/2022	SKE Skeena Resources Limited (SKE.V)	Lower Price Target	C$3.00	C$19.00 ➝ C$17.50	Outperform	N/A
9/7/2022	BMO Bank of Montreal	Lower Price Target	C$121.00	C$143.00 ➝ C$135.00		N/A
9/7/2022	CWB Canadian Western Bank	Lower Price Target	C$22.00	C$29.00 ➝ C$27.00		N/A
9/7/2022	LB Laurentian Bank of Canada	Lower Price Target	C$30.00	C$43.00 ➝ C$40.00		N/A
9/7/2022	NA National Bank of Canada	Lower Price Target	C$87.00	C$104.00 ➝ C$100.00		N/A
9/7/2022	RY Royal Bank of Canada	Lower Price Target	C$124.00	C$146.00 ➝ C$140.00		N/A
9/7/2022	BNS Bank of Nova Scotia	Lower Price Target	C$66.00	C$84.00 ➝ C$77.00		N/A
9/7/2022	TD Toronto-Dominion Bank	Lower Price Target	C$85.00	C$97.00 ➝ C$93.00		N/A
9/6/2022	T TELUS	Lower Price Target	C$27.00	C$34.00 ➝ C$33.00	Neutral	N/A
9/6/2022	TRZ Transat A.T.	Lower Price Target	C$3.00	C$2.25 ➝ C$2.00	Underperform	N/A
9/2/2022	MOZ Marathon Gold	Lower Price Target	C$1.00	C$2.50 ➝ C$2.30	Neutral	N/A
9/2/2022	RCI.B Rogers Communications	Lower Price Target	C$53.00	C$77.00 ➝ C$75.00	Outperform	N/A
9/2/2022	MGDPF Marathon Gold	Lower Price Target	C$1.00	C$2.50 ➝ C$2.30		Low
9/2/2022	RCI Rogers Communications	Lower Price Target	C$39.00	C$77.00 ➝ C$75.00		Low
9/1/2022	ATD Alimentation Couche-Tard	Boost Price Target	C$56.00	C$69.00 ➝ C$75.00	Outperform	N/A
9/1/2022	LB Laurentian Bank of Canada	Lower Price Target	C$30.00	C$46.00 ➝ C$43.00	Neutral	N/A
8/31/2022	CNQ Canadian Natural Resources	Lower Price Target	C$64.00	C$95.00 ➝ C$85.00		N/A
8/31/2022	CVE Cenovus Energy	Lower Price Target	C$21.00	C$34.00 ➝ C$32.00		N/A
8/31/2022	MEG MEG Energy	Lower Price Target	C$15.00	C$26.00 ➝ C$22.00		N/A
8/29/2022	CWB Canadian Western Bank	Lower Price Target	C$22.00	C$30.00 ➝ C$29.00	Neutral	N/A
8/26/2022	OTEX Open Text	Downgrade	$26.00	$51.00 ➝ $44.00	Sector Outperform ➝ Neutral	Low
8/26/2022	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$44.00	C$77.00 ➝ C$79.00	Outperform ➝ Outperform	Low
8/26/2022	SKE Skeena Resources Limited (SKE.V)	Lower Price Target	C$3.00	C$20.00 ➝ C$19.00	Outperform	N/A
8/25/2022	ATD Alimentation Couche-Tard	Boost Price Target	C$56.00	C$58.00 ➝ C$69.00		N/A
8/24/2022	BNS Bank of Nova Scotia	Lower Price Target	C$66.00	C$87.00 ➝ C$84.00	Neutral	N/A
8/22/2022	AAV Advantage Energy	Boost Price Target	C$10.00	C$12.00 ➝ C$13.00		N/A
8/22/2022	BTE Baytex Energy	Lower Price Target	C$6.00	C$10.00 ➝ C$8.50		N/A
8/22/2022	BIR Birchcliff Energy	Boost Price Target	C$10.00	C$12.00 ➝ C$13.50		N/A
8/22/2022	PEY Peyto Exploration & Development	Lower Price Target	C$11.00	C$19.00 ➝ C$18.00		N/A
8/22/2022	TPZ Topaz Energy	Boost Price Target	C$21.00	C$27.00 ➝ C$28.00		N/A
8/22/2022	TOU Tourmaline Oil	Boost Price Target	C$72.00	C$90.00 ➝ C$100.00		N/A
8/22/2022	VET Vermilion Energy	Boost Price Target	C$30.00	C$34.00 ➝ C$36.00		N/A
8/18/2022	KRR Karora Resources	Boost Price Target	C$3.00	C$4.25 ➝ C$4.50	Neutral	N/A
8/18/2022	CM Canadian Imperial Bank of Commerce	Lower Price Target	C$44.00	C$83.00 ➝ C$77.00		Low
8/17/2022	MMX Maverix Metals	Lower Price Target	C$6.00	C$9.50 ➝ C$8.50	Outperform	N/A
8/17/2022	TWM Tidewater Midstream and Infrastructure	Lower Price Target	C$1.00	C$2.05 ➝ C$1.75	Outperform	N/A
8/17/2022	VGCX Victoria Gold	Lower Price Target	C$8.00	C$18.50 ➝ C$18.00	Neutral	N/A
8/17/2022	WSP WSP Global	Boost Price Target	C$152.00	C$175.00 ➝ C$181.00	Outperform	N/A
8/16/2022	BMO Bank of Montreal	Boost Price Target	C$121.00	C$142.00 ➝ C$143.00	Neutral ➝ Neutral	N/A
8/16/2022	CWB Canadian Western Bank	Lower Price Target	C$22.00	C$32.00 ➝ C$30.00		N/A
8/16/2022	LB Laurentian Bank of Canada	Boost Price Target	C$30.00	C$43.00 ➝ C$46.00		N/A
8/16/2022	NA National Bank of Canada	Boost Price Target	C$87.00	C$102.00 ➝ C$104.00		N/A
8/16/2022	BNS Bank of Nova Scotia	Lower Price Target	C$66.00	C$88.00 ➝ C$87.00		N/A
8/16/2022	TD Toronto-Dominion Bank	Lower Price Target	C$85.00	C$100.00 ➝ C$97.00		N/A
8/16/2022	BNS Bank of Nova Scotia	Lower Price Target	C$48.00	C$88.00 ➝ C$87.00		Low
8/16/2022	CBWBF Canadian Western Bank	Lower Price Target	C$16.00	C$32.00 ➝ C$30.00		N/A
8/16/2022	FMEGF Farmers Edge	Lower Price Target	C$0.00	C$3.00 ➝ C$1.00		N/A
8/16/2022	HDIUF Hardwoods Distribution	Boost Price Target	C$19.00	C$41.00 ➝ C$46.00		N/A
8/16/2022	NTIOF National Bank of Canada	Boost Price Target	C$63.00	C$102.00 ➝ C$104.00	Outperform ➝ Outperform	Low
8/16/2022	TD Toronto-Dominion Bank	Lower Price Target	C$61.00	C$100.00 ➝ C$97.00		Low
8/15/2022	CCL.B CCL Industries	Boost Price Target	C$67.00	C$71.00 ➝ C$74.00		N/A
8/15/2022	DNTL dentalcorp	Lower Price Target	C$8.00	C$18.00 ➝ C$16.50		N/A
8/15/2022	DRM Dream Unlimited	Lower Price Target	C$25.00	C$53.00 ➝ C$50.00		N/A
8/15/2022	EIF Exchange Income	Boost Price Target	C$41.00	C$56.50 ➝ C$59.00		N/A
8/15/2022	HDI Hardwoods Distribution	Boost Price Target	C$26.00	C$41.00 ➝ C$46.00	Outperform	N/A
8/15/2022	NPI Northland Power	Boost Price Target	C$40.00	C$44.00 ➝ C$48.00		N/A
8/15/2022	PLC Park Lawn	Lower Price Target	C$24.00	C$43.00 ➝ C$40.00		N/A
8/15/2022	SIA Sienna Senior Living	Boost Price Target	C$12.00	C$15.75 ➝ C$16.25		N/A
8/15/2022	SRU.UN SmartCentres Real Estate Investment Trst	Boost Price Target	C$26.00	C$32.75 ➝ C$33.00		N/A
8/15/2022	WELL WELL Health Technologies	Boost Price Target	C$3.00	C$6.50 ➝ C$7.50		N/A
8/12/2022	AFN Ag Growth International	Boost Price Target	C$32.00	C$51.00 ➝ C$52.00	Outperform	N/A
8/12/2022	AIF Altus Group	Boost Price Target	C$45.00	C$54.00 ➝ C$58.00	Neutral	N/A
8/12/2022	BDGI Badger Infrastructure Solutions	Boost Price Target	C$28.00	C$31.50 ➝ C$32.00	Neutral	N/A
8/12/2022	GOOS Canada Goose	Lower Price Target	C$21.00	C$37.00 ➝ C$36.00	Neutral	N/A
8/12/2022	CAR.UN Canadian Apartment Properties REIT	Lower Price Target	C$42.00	C$55.00 ➝ C$54.00	Neutral	N/A
8/12/2022	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$7.00	C$9.50 ➝ C$11.00	Outperform	N/A
8/12/2022	ECN ECN Capital	Boost Price Target	C$5.00	C$7.50 ➝ C$8.75	Outperform	N/A
8/12/2022	FSZ Fiera Capital	Boost Price Target	C$9.00	C$10.00 ➝ C$10.50	Neutral	N/A
8/12/2022	FVI Fortuna Silver Mines	Lower Price Target	C$3.00	C$5.50 ➝ C$5.00	Neutral	N/A
8/12/2022	GRT.UN Granite Real Estate Investment Trust	Lower Price Target	C$67.00	C$102.00 ➝ C$98.00	Outperform	N/A
8/12/2022	MTY MTY Food Group	Boost Price Target	C$57.00	C$68.00 ➝ C$75.00	Outperform	N/A
8/12/2022	ONEX Onex	Boost Price Target	C$63.00	C$75.00 ➝ C$80.00	Neutral	N/A
8/12/2022	QTRH Quarterhill	Lower Price Target	C$2.00	C$4.00 ➝ C$3.50	Outperform	N/A
8/12/2022	SSL Sandstorm Gold	Lower Price Target	C$7.00	C$13.50 ➝ C$12.50	Outperform	N/A
8/12/2022	SJ Stella-Jones	Boost Price Target	C$39.00	C$41.00 ➝ C$46.00	Outperform	N/A
8/12/2022	TCN Tricon Residential	Boost Price Target	C$12.00	C$20.50 ➝ C$21.00	Outperform	N/A
8/11/2022	HOT.UN American Hotel Income Properties REIT	Lower Price Target	C$3.00	C$3.80 ➝ C$3.35	Neutral	N/A