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
4/26/2024	CLS Celestica	Reiterated Rating	$43.00	$41.00 ➝ $49.00	Sector Outperform ➝ Neutral	Low
4/26/2024	ARE Aecon Group	Boost Price Target	C$17.00	C$22.00 ➝ C$23.00	Outperform	N/A
4/26/2024	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$64.00	C$61.00 ➝ C$67.00	Neutral	N/A
4/26/2024	CLS Celestica	Downgrade	C$59.00	C$41.00 ➝ C$49.00	Outperform ➝ Neutral	N/A
4/26/2024	FSZ Fiera Capital	Lower Price Target	C$7.00	C$8.25 ➝ C$7.25	Neutral	N/A
4/26/2024	GSY goeasy	Boost Price Target	C$177.00	C$200.00 ➝ C$220.00	Outperform	N/A
4/26/2024	MTL Mullen Group	Lower Price Target	C$13.00	C$17.00 ➝ C$16.00	Outperform	N/A
4/26/2024	POW Power Co. of Canada	Lower Price Target	C$36.00	C$43.00 ➝ C$40.00	Neutral	N/A
4/26/2024	X TMX Group	Boost Price Target	C$36.00	C$35.00 ➝ C$38.00		N/A
4/25/2024	MRU Metro	Boost Price Target	C$71.00	C$76.00 ➝ C$77.00	Neutral	N/A
4/24/2024	WPK Winpak	Boost Price Target	C$45.00	C$45.00 ➝ C$49.00	Neutral	N/A
4/23/2024	BCE BCE	Upgrade	$33.00		Neutral ➝ Sector Outperform	Low
4/23/2024	BCE BCE	Upgrade	C$45.00		Neutral ➝ Outperform	N/A
4/22/2024	AAV Advantage Energy	Boost Price Target	C$11.00	C$10.50 ➝ C$11.00	Neutral	N/A
4/22/2024	ARX ARC Resources	Boost Price Target	C$26.00	C$26.00 ➝ C$30.00	Outperform	N/A
4/22/2024	BTE Baytex Energy	Boost Price Target	C$5.00	C$6.00 ➝ C$6.50	Neutral	N/A
4/22/2024	CNQ Canadian Natural Resources	Boost Price Target	C$107.00	C$105.00 ➝ C$115.00	Outperform	N/A
4/22/2024	CJ Cardinal Energy	Boost Price Target	C$7.00	C$8.00 ➝ C$8.50	Neutral	N/A
4/22/2024	CVE Cenovus Energy	Boost Price Target	C$29.00	C$31.00 ➝ C$35.00	Outperform	N/A
4/22/2024	CPG Crescent Point Energy	Boost Price Target	C$12.00	C$14.00 ➝ C$15.00	Outperform	N/A
4/22/2024	EFX Enerflex	Boost Price Target	C$8.00	C$8.00 ➝ C$9.00	Neutral	N/A
4/22/2024	ESI Ensign Energy Services	Boost Price Target	C$3.00	C$3.25 ➝ C$3.75	Neutral	N/A
4/22/2024	IMO Imperial Oil	Boost Price Target	C$97.00	C$90.00 ➝ C$105.00	Neutral	N/A
4/22/2024	KEL Kelt Exploration	Boost Price Target	C$6.00	C$8.00 ➝ C$8.50	Outperform	N/A
4/22/2024	LEV Lion Electric	Lower Price Target	$1.00	$1.70 ➝ $1.40	Neutral	Low
4/22/2024	MEG MEG Energy	Boost Price Target	C$32.00	C$30.00 ➝ C$34.00	Neutral	N/A
4/22/2024	NVA NuVista Energy	Boost Price Target	C$13.00	C$15.50 ➝ C$16.50	Outperform	N/A
4/22/2024	POU Paramount Resources	Boost Price Target	C$32.00	C$30.00 ➝ C$35.00	Neutral	N/A
4/22/2024	PSK PrairieSky Royalty	Downgrade	C$27.00	C$27.50 ➝ C$31.00	Outperform ➝ Neutral	N/A
4/22/2024	PD Precision Drilling	Boost Price Target	C$99.00	C$110.00 ➝ C$130.00	Outperform	N/A
4/22/2024	SES Secure Energy Services	Boost Price Target	C$12.00	C$11.00 ➝ C$12.00	Neutral	N/A
4/22/2024	SDE Spartan Delta	Boost Price Target	C$4.00	C$3.75 ➝ C$4.00	Neutral	N/A
4/22/2024	SCR Strathcona Resources	Boost Price Target	C$33.00	C$35.00 ➝ C$40.00	Outperform	N/A
4/22/2024	SU Suncor Energy	Boost Price Target	C$54.00	C$60.00 ➝ C$65.00	Outperform	N/A
4/22/2024	TVE Tamarack Valley Energy	Boost Price Target	C$4.00	C$4.50 ➝ C$5.25	Outperform	N/A
4/22/2024	TPZ Topaz Energy	Boost Price Target	C$23.00	C$24.00 ➝ C$26.00	Outperform	N/A
4/22/2024	TOU Tourmaline Oil	Boost Price Target	C$68.00	C$72.50 ➝ C$77.51	Outperform	N/A
4/22/2024	WCP Whitecap Resources	Boost Price Target	C$11.00	C$14.00 ➝ C$15.00	Outperform	N/A
4/19/2024	ACO.X ATCO	Lower Price Target	C$38.00	C$49.00 ➝ C$48.00	Outperform	N/A
4/19/2024	ACQ AutoCanada	Boost Price Target	C$24.00	C$22.00 ➝ C$25.00	Neutral	N/A
4/19/2024	BLX Boralex	Lower Price Target	C$27.00	C$40.00 ➝ C$38.00	Outperform	N/A
4/19/2024	BYD Boyd Group Services	Lower Price Target	C$257.00	C$306.00 ➝ C$304.00	Outperform	N/A
4/19/2024	CU Canadian Utilities	Lower Price Target	C$31.00	C$35.00 ➝ C$34.00	Neutral	N/A
4/19/2024	CPX Capital Power	Lower Price Target	C$35.00	C$43.00 ➝ C$40.00	Neutral	N/A
4/19/2024	EMA Emera	Lower Price Target	C$46.00	C$53.00 ➝ C$51.00	Neutral	N/A
4/19/2024	FTS Fortis	Lower Price Target	C$53.00	C$59.00 ➝ C$56.00	Neutral	N/A
4/19/2024	H Hydro One	Lower Price Target	C$38.00	C$40.00 ➝ C$39.00	Neutral	N/A
4/19/2024	LNR Linamar	Lower Price Target	C$66.00	C$91.50 ➝ C$90.00	Outperform	N/A
4/19/2024	MGA Magna International	Lower Price Target	$49.00	$61.00 ➝ $59.00	Neutral	Low
4/19/2024	NPI Northland Power	Lower Price Target	C$20.00	C$30.00 ➝ C$29.00	Outperform	N/A
4/19/2024	PPL Pembina Pipeline	Boost Price Target	C$49.00	C$56.00 ➝ C$57.00	Outperform	N/A
4/19/2024	TA TransAlta	Lower Price Target	C$9.00	C$18.50 ➝ C$16.00	Outperform	N/A
4/19/2024	PBA Pembina Pipeline	Boost Price Target	$36.00	$56.00 ➝ $57.00	Outperformer ➝ Outperformer	Low
4/18/2024	ARE Aecon Group	Boost Price Target	C$17.00	C$21.00 ➝ C$22.00	Outperform	N/A
4/17/2024	CCO Cameco	Boost Price Target	C$67.00	C$72.00 ➝ C$74.00	Outperform	N/A
4/17/2024	CS Capstone Copper	Boost Price Target	C$10.00	C$8.00 ➝ C$10.50	Outperform	N/A
4/17/2024	ERO Ero Copper	Boost Price Target	C$28.00	C$24.00 ➝ C$28.50	Neutral	N/A
4/17/2024	FM First Quantum Minerals	Boost Price Target	C$18.00	C$14.00 ➝ C$15.00	Neutral	N/A
4/17/2024	GSY goeasy	Boost Price Target	C$177.00	C$175.00 ➝ C$200.00	Outperform	N/A
4/17/2024	HBM Hudbay Minerals	Boost Price Target	C$12.00	C$11.00 ➝ C$13.00	Outperform	N/A
4/17/2024	LUN Lundin Mining	Boost Price Target	C$16.00	C$12.00 ➝ C$15.00	Neutral	N/A
4/17/2024	SMT Sierra Metals	Boost Price Target	C$1.00	C$0.85 ➝ C$1.00	Neutral	N/A
4/16/2024	DFY Definity Financial	Boost Price Target	C$45.00	C$46.00 ➝ C$47.00	Outperform	N/A
4/16/2024	DSGX The Descartes Systems Group	Upgrade	$94.00	$96.50 ➝ $101.00	Neutral ➝ Sector Outperform	Low
4/15/2024	CG Centerra Gold	Boost Price Target	C$9.00	C$9.50 ➝ C$11.00		N/A
4/15/2024	CJR.B Corus Entertainment	Lower Price Target	C$1.00	C$1.15 ➝ C$0.85	Neutral	N/A
4/15/2024	DPM Dundee Precious Metals	Boost Price Target	C$11.00	C$11.50 ➝ C$13.00		N/A
4/15/2024	EQX Equinox Gold	Boost Price Target	C$8.00	C$6.80 ➝ C$9.25		N/A
4/15/2024	FVI Fortuna Silver Mines	Boost Price Target	C$7.00	C$7.00 ➝ C$8.00		N/A
4/15/2024	MTY MTY Food Group	Lower Price Target	C$49.00	C$62.00 ➝ C$53.00	Outperform	N/A
4/15/2024	ORE Orezone Gold	Lower Price Target	C$1.00	C$2.00 ➝ C$1.50		N/A
4/15/2024	OR Osisko Gold Royalties	Boost Price Target	C$22.00	C$28.50 ➝ C$33.00		N/A
4/15/2024	SSL Sandstorm Gold	Boost Price Target	C$8.00	C$8.00 ➝ C$9.00		N/A
4/15/2024	TXG Torex Gold Resources	Boost Price Target	C$20.00	C$21.00 ➝ C$23.00		N/A
4/15/2024	WDO Wesdome Gold Mines	Boost Price Target	C$11.00	C$12.00 ➝ C$14.00		N/A
4/15/2024	CGAU Centerra Gold	Boost Price Target	$6.00	$9.50 ➝ $11.00	Outperformer ➝ Outperformer	Low
4/12/2024	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$64.00	C$60.00 ➝ C$61.00	Neutral	N/A
4/12/2024	RCH Richelieu Hardware	Lower Price Target	C$39.00	C$46.00 ➝ C$45.00	Neutral	N/A
4/11/2024	ADN Acadian Timber	Upgrade	C$17.00	C$17.00 ➝ C$20.00	Neutral ➝ Outperform	N/A
4/11/2024	CFP Canfor	Lower Price Target	C$14.00	C$23.00 ➝ C$22.00		N/A
4/11/2024	CAS Cascades	Lower Price Target	C$9.00	C$14.00 ➝ C$12.00		N/A
4/11/2024	CCL.B CCL Industries	Boost Price Target	C$71.00	C$82.00 ➝ C$83.00		N/A
4/11/2024	IFP Interfor	Lower Price Target	C$18.00	C$25.00 ➝ C$24.00		N/A
4/11/2024	SJ Stella-Jones	Boost Price Target	C$82.00	C$85.00 ➝ C$86.00		N/A
4/11/2024	WFG West Fraser Timber	Boost Price Target	C$108.00	C$131.00 ➝ C$140.00		N/A
4/10/2024	TLRY Tilray	Lower Price Target	$2.00	$2.25 ➝ $2.00	Neutral ➝ Neutral	Low
4/9/2024	IAUX i-80 Gold	Lower Price Target	$1.00	$5.00 ➝ $4.25	Outperformer ➝ Outperformer	N/A
4/5/2024	AGF.B AGF Management	Boost Price Target	C$8.00	C$11.00 ➝ C$14.00		N/A
4/5/2024	DOL Dollarama	Boost Price Target	C$116.00	C$99.00 ➝ C$115.00		N/A
4/4/2024	BCE BCE	Lower Price Target	C$45.00	C$54.00 ➝ C$52.00		N/A
4/4/2024	QBR.B Quebecor	Lower Price Target	C$28.00	C$42.00 ➝ C$39.00		N/A
4/4/2024	RCI.B Rogers Communications	Lower Price Target	C$52.00	C$80.00 ➝ C$77.00		N/A
4/4/2024	T TELUS	Lower Price Target	C$22.00	C$28.00 ➝ C$26.00		N/A
4/2/2024	TFII TFI International	Boost Price Target	$138.00	$167.00 ➝ $175.00	Outperformer ➝ Outperformer	Low
4/1/2024	DOO BRP	Boost Price Target	C$94.00	C$106.00 ➝ C$110.00		N/A
4/1/2024	EQB EQB	Set Price Target	C$87.00	C$100.00	Outperform	N/A
4/1/2024	DOOO BRP	Boost Price Target	$69.00	$106.00 ➝ $110.00	Outperformer	Low
3/27/2024	CNR Canadian National Railway	Boost Price Target	C$171.00	C$177.00 ➝ C$183.00	Neutral	N/A
3/27/2024	CP Canadian Pacific Kansas City	Boost Price Target	C$112.00	C$124.00 ➝ C$130.00	Outperform	N/A
3/25/2024	DNTL dentalcorp	Lower Price Target	C$7.00	C$11.00 ➝ C$10.00	Outperform	N/A