CIBC Stock Recommendations and Price Targets

This is a list of recent ratings by CIBC.

Date	Company Name	Action	Current Price	Price Target	Rating
12/4/2025	NTIOF National Bank of Canada	Reiterated Rating	$124.00		Neutral ➝ Neutral
12/4/2025	NA National Bank of Canada	Boost Price Target	C$172.00	C$166.00 ➝ C$174.00	Neutral
12/4/2025	TVE Tamarack Valley Energy	Boost Price Target	C$8.00	C$8.00 ➝ C$9.00	Outperform
12/3/2025	WHTCF WELL Health Technologies	Upgrade	$3.00		Neutral ➝ Outperform
12/3/2025	GEI Gibson Energy	Boost Price Target	C$26.00	C$26.00 ➝ C$30.00
12/3/2025	WELL WELL Health Technologies	Upgrade	C$4.00		Neutral ➝ Outperform
12/2/2025	CF CF Industries	Initiated Coverage	$80.00	$87.00	Neutral
11/28/2025	CNI Canadian National Railway	Upgrade	$99.00	$146.00 ➝ $151.00	Neutral ➝ Outperformer
11/28/2025	CNR Canadian National Railway	Upgrade	C$138.00	C$146.00 ➝ C$151.00	Neutral ➝ Outperform
11/27/2025	SU Suncor Energy	Boost Price Target	C$62.00	C$65.00 ➝ C$70.00
11/27/2025	TECK.B Teck Resources	Boost Price Target	C$63.00	C$57.00 ➝ C$61.00	Buy
11/26/2025	DOO BRP	Boost Price Target	C$105.00	C$100.00 ➝ C$115.00	Outperform
11/25/2025	HL Hecla Mining	Boost Price Target	$17.00	$15.00 ➝ $16.50	Neutral ➝ Neutral
11/24/2025	AIF Altus Group	Boost Price Target	C$55.00	C$54.00 ➝ C$62.00
11/21/2025	NPIFF Northland Power	Reiterated Rating	$12.00		Outperform ➝ Outperform
11/21/2025	BTG B2Gold	Lower Price Target	$5.00	$6.00	Neutral ➝ Neutral
11/20/2025	EQX Equinox Gold	Boost Price Target	C$19.00	C$22.00 ➝ C$23.00	Outperform
11/20/2025	KGC Kinross Gold	Boost Price Target	$27.00	$36.00 ➝ $37.00	Outperform
11/20/2025	NPI Northland Power	Lower Price Target	C$17.00	C$25.00 ➝ C$24.00	Outperform
11/19/2025	BMO Bank of Montreal	Boost Price Target	C$177.00	C$180.00 ➝ C$192.00
11/19/2025	IGM IGM Financial	Set Price Target	C$58.00	C$61.00	Neutral
11/19/2025	NA National Bank of Canada	Boost Price Target	C$172.00	C$154.00 ➝ C$166.00
11/19/2025	POW Power Co. of Canada	Set Price Target	C$70.00	C$75.00	Neutral
11/19/2025	RY Royal Bank of Canada	Boost Price Target	C$224.00	C$208.00 ➝ C$220.00
11/19/2025	BNS Bank of Nova Scotia	Boost Price Target	C$98.00	C$93.00 ➝ C$100.00
11/19/2025	TD Toronto-Dominion Bank	Boost Price Target	C$120.00	C$112.00 ➝ C$122.00
11/18/2025	SIA Sienna Senior Living	Upgrade	C$20.00	C$20.00 ➝ C$23.00	Neutral ➝ Outperform
11/17/2025	WNGRF George Weston	Reiterated Rating	$69.00		Outperform ➝ Outperform
11/17/2025	BTEGF Baytex Energy	Reiterated Rating	$3.00		Neutral ➝ Neutral
11/17/2025	MEOH Methanex	Reiterated Rating	$37.00		Outperform ➝ Outperform
11/17/2025	AGGZF Ag Growth International	Downgrade	$16.00		Outperform ➝ Neutral
11/17/2025	MEOH Methanex	Boost Price Target	$37.00	$44.00 ➝ $47.00	Outperformer ➝ Outperformer
11/17/2025	AFN Ag Growth International	Downgrade	C$22.00	C$58.00 ➝ C$33.00	Outperform ➝ Neutral
11/17/2025	ACQ AutoCanada	Lower Price Target	C$21.00	C$38.00 ➝ C$33.00
11/17/2025	WN George Weston	Boost Price Target	C$96.00	C$100.00 ➝ C$112.00
11/17/2025	HR.UN H&R Real Estate Investment Trust	Lower Price Target	C$10.00	C$13.50 ➝ C$11.50
11/14/2025	BN Brookfield	Reiterated Rating	$47.00	$50.67 ➝ $52.00	Outperform ➝ Outperform
11/14/2025	SUUIF Superior Plus	Downgrade	$5.00		Outperform ➝ Neutral
11/14/2025	BN Brookfield	Boost Price Target	$47.00	$50.67 ➝ $52.00	Outperformer ➝ Outperformer
11/14/2025	BDT Bird Construction	Lower Price Target	C$27.00	C$37.00 ➝ C$36.00
11/14/2025	CCL.B CCL Industries	Boost Price Target	C$84.00	C$93.00 ➝ C$99.00
11/14/2025	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$14.00	C$16.00 ➝ C$19.00
11/14/2025	DSV Discovery Silver	Boost Price Target	C$1.00	C$8.00 ➝ C$9.50
11/14/2025	DIV Diversified Royalty	Boost Price Target	C$4.00	C$3.50 ➝ C$4.00
11/14/2025	FRU Freehold Royalties	Boost Price Target	C$15.00	C$14.50 ➝ C$15.25
11/14/2025	KEL Kelt Exploration	Boost Price Target	C$8.00	C$10.50 ➝ C$11.00
11/14/2025	KPT KP Tissue	Boost Price Target	C$10.00	C$10.50 ➝ C$11.00
11/14/2025	MFC Manulife Financial	Boost Price Target	C$49.00	C$49.00 ➝ C$50.00
11/14/2025	NPI Northland Power	Lower Price Target	C$17.00	C$29.00 ➝ C$25.00
11/14/2025	SPB Superior Plus	Lower Price Target	C$7.00	C$9.00 ➝ C$8.50
11/13/2025	EXE Extendicare	Boost Price Target	C$22.00	C$18.00 ➝ C$22.00
11/13/2025	FTT Finning International	Boost Price Target	C$74.00	C$77.00 ➝ C$84.00
11/13/2025	LNR Linamar	Boost Price Target	C$78.00	C$87.00 ➝ C$88.00
11/13/2025	L Loblaw Companies	Boost Price Target	C$62.00	C$58.50 ➝ C$67.00
11/13/2025	LUG Lundin Gold	Boost Price Target	C$111.00	C$116.00 ➝ C$123.00
11/13/2025	NWH.UN NorthWest Health Prop Real Est Inv Trust	Boost Price Target	C$5.00	C$5.50 ➝ C$5.75
11/13/2025	RAY.A Stingray Group	Boost Price Target	C$14.00	C$13.50 ➝ C$16.00
11/13/2025	TNT.UN True North Commercial REIT	Boost Price Target	C$9.00	C$9.25 ➝ C$9.50
11/13/2025	VZLA Vizsla Silver	Boost Price Target	C$7.00	C$9.75 ➝ C$11.00
11/12/2025	SSRM Silver Standard Resources	Boost Price Target	$21.00	$28.50 ➝ $29.00	Neutral ➝ Neutral
11/11/2025	ADEN ADENTRA	Boost Price Target	C$34.00	C$41.00 ➝ C$42.00
11/11/2025	CSH.UN Chartwell Retirement Residences	Boost Price Target	C$20.00	C$21.00 ➝ C$22.00
11/11/2025	D.UN Dream Office Real Estate Investment Trst	Boost Price Target	C$17.00	C$17.50 ➝ C$18.50
11/11/2025	IFP Interfor	Lower Price Target	C$8.00	C$10.00 ➝ C$9.00
11/11/2025	PBH Premium Brands	Boost Price Target	C$99.00	C$108.00 ➝ C$115.00
11/10/2025	ACO.X ATCO	Boost Price Target	C$54.00	C$64.00 ➝ C$67.00
11/10/2025	BLX Boralex	Lower Price Target	C$24.00	C$39.00 ➝ C$38.00
11/10/2025	CU Canadian Utilities	Boost Price Target	C$42.00	C$42.00 ➝ C$43.00
11/10/2025	CAR.UN Canadian Apartment Properties REIT	Lower Price Target	C$37.00	C$50.00 ➝ C$45.00
11/10/2025	CAS Cascades	Boost Price Target	C$12.00	C$12.00 ➝ C$13.00
11/10/2025	CHR Chorus Aviation	Lower Price Target	C$22.00	C$33.00 ➝ C$32.00
11/10/2025	EMA Emera	Boost Price Target	C$66.00	C$71.00 ➝ C$72.00
11/10/2025	ENB Enbridge	Boost Price Target	C$67.00	C$70.00 ➝ C$71.00
11/10/2025	EIF Exchange Income	Boost Price Target	C$80.00	C$85.50 ➝ C$93.00
11/10/2025	LNF Leon's Furniture	Boost Price Target	C$29.00	C$31.00 ➝ C$32.00
11/10/2025	SAP Saputo	Boost Price Target	C$39.00	C$36.00 ➝ C$40.00
11/10/2025	FORA VerticalScope	Boost Price Target	C$3.00	C$4.00 ➝ C$4.50
11/7/2025	DDOG Datadog	Upgrade	$153.00	$240.00	Neutral ➝ Sector Outperform
11/7/2025	AIF Altus Group	Lower Price Target	C$55.00	C$63.00 ➝ C$54.00	Neutral
11/7/2025	BDGI Badger Infrastructure Solutions	Boost Price Target	C$76.00	C$71.00 ➝ C$82.00
11/7/2025	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$234.00	C$222.00 ➝ C$230.00
11/7/2025	CTC.A Canadian Tire	Boost Price Target	C$171.00	C$181.00 ➝ C$189.00
11/7/2025	EFX Enerflex	Boost Price Target	C$20.00	C$11.50 ➝ C$15.25	Neutral
11/7/2025	ERE.UN European Residential Real Estate Investment Trust	Downgrade	C$1.00		Outperform ➝ Neutral
11/7/2025	GWO Great-West Lifeco	Boost Price Target	C$63.00	C$65.00 ➝ C$67.00
11/7/2025	NVA NuVista Energy	Downgrade	C$19.00	C$20.00 ➝ C$18.00	Outperform ➝ Tender
11/7/2025	QBR.B Quebecor	Boost Price Target	C$51.00	C$49.00 ➝ C$54.00
11/7/2025	SJ Stella-Jones	Lower Price Target	C$86.00	C$90.00 ➝ C$89.00
11/7/2025	SLF Sun Life Financial	Lower Price Target	C$81.00	C$94.00 ➝ C$93.00
11/7/2025	TRP TC Energy	Upgrade	C$76.00	C$77.00 ➝ C$78.00	Neutral ➝ Outperform
11/7/2025	WSP WSP Global	Lower Price Target	C$242.00	C$349.00 ➝ C$342.00
11/6/2025	BEP Brookfield Renewable Partners	Set Price Target	$28.00	$33.00 ➝ $35.00	Outperformer ➝ Outperformer
11/6/2025	MOS Mosaic	Lower Price Target	$24.00	$34.00 ➝ $32.00	Neutral ➝ Neutral
11/6/2025	MFI Maple Leaf Foods	Lower Price Target	C$25.00	C$36.00 ➝ C$35.00
11/5/2025	PRMRF Paramount Resources	Reiterated Rating	$19.00		Outperform ➝ Outperform
11/5/2025	CTRRF CT Real Estate Investment Trust	Reiterated Rating	$12.00		Neutral ➝ Neutral
11/5/2025	SHOP Shopify	Reiterated Rating	$162.00		Outperform ➝ Outperform
11/5/2025	SHOP Shopify	Boost Price Target	$162.00	$185.00 ➝ $200.00	Outperformer ➝ Outperformer
11/5/2025	BYD Boyd Group Services	Boost Price Target	C$238.00	C$270.00 ➝ C$280.00
11/5/2025	FTS Fortis	Boost Price Target	C$71.00	C$74.00 ➝ C$75.00