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
5/10/2021	TRI Thomson Reuters	Boost Price Target	$97.00	$95.00 ➝ $102.00	Outperformer ➝ Neutral	N/A
5/10/2021	AX.UN Artis Real Estate Investment Trust Unit	Reiterated Rating	C$11.00	C$12.00	Neutral	N/A
5/10/2021	GDI GDI Integrated Facility Services	Reiterated Rating	C$54.00	C$56.00	Neutral	N/A
5/10/2021	IPL Inter Pipeline	Reiterated Rating	C$18.00	C$18.00	Neutral	N/A
5/10/2021	T TELUS	Boost Price Target	C$26.00	C$28.00 ➝ C$29.00	Outperform	N/A
5/10/2021	TC Tucows	Reiterated Rating	C$97.00	C$70.00	Outperform	N/A
5/10/2021	RCPUF Recipe Unlimited	Boost Price Target	$17.00	$19.00 ➝ $22.00	Neutral	Low
5/10/2021	TU TELUS	Boost Price Target	$22.00	$28.00 ➝ $29.00	Outperform	Low
5/9/2021	ISV Information Services	Boost Price Target	C$27.00	C$32.50 ➝ C$33.00		N/A
5/7/2021	PBA Pembina Pipeline	Downgrade	$32.00	$39.00	Sector Outperform ➝ Neutral	High
5/7/2021	CGAU Centerra Gold	Downgrade	$7.00		Neutral ➝ Underperform	High
5/7/2021	CG Centerra Gold	Downgrade	C$8.00	C$16.50 ➝ C$10.00	Neutral ➝ Underperform	N/A
5/7/2021	CVE Cenovus Energy	Reiterated Rating	C$9.00	C$16.00	Outperform	N/A
5/7/2021	ENB Enbridge	Reiterated Rating	C$49.00	C$52.00	Outperform	N/A
5/7/2021	H Hydro One	Reiterated Rating	C$30.00	C$32.00	Outperform	N/A
5/7/2021	KPT KP Tissue	Reiterated Rating	C$10.00	C$12.00	Neutral	N/A
5/7/2021	PPL Pembina Pipeline	Downgrade	C$38.00		Outperform ➝ Neutral	N/A
5/7/2021	SMT Sierra Metals	Reiterated Rating	C$4.00	C$5.50	Outperform	N/A
5/7/2021	TRP TC Energy	Reiterated Rating	C$62.00	C$70.00	Outperform	N/A
5/7/2021	SNMSF Spin Master	Boost Price Target	$36.00	$44.00 ➝ $54.00	Outperform	Low
5/7/2021	PRMW Primo Water	Boost Price Target	$17.00	$18.00 ➝ $18.50	Outperform	Low
5/7/2021	TRMLF Tourmaline Oil	Boost Price Target	$24.00	$30.00 ➝ $35.00	Outperform	Low
5/7/2021	SLF Sun Life Financial	Boost Price Target	$55.00	$69.00 ➝ $70.00	Neutral	Low
5/7/2021	IAFNF iA Financial	Boost Price Target	$58.00	$71.00 ➝ $82.00	Outperform	Low
5/7/2021	GWLIF Great-West Lifeco	Boost Price Target	$30.00	$36.50 ➝ $40.00	Outperform	Low
5/7/2021	MFC Manulife Financial	Boost Price Target	$22.00	$26.00 ➝ $27.00	Neutral	Low
5/7/2021	HL Hecla Mining	Boost Price Target	$7.00	$6.75 ➝ $7.50	Neutral	Low
5/7/2021	ASGTF Altus Group	Boost Price Target	$51.00	$52.50 ➝ $58.00	Neutral	N/A
5/7/2021	AIF Altus Group	Boost Price Target	C$59.00	C$52.50 ➝ C$58.00	Neutral	N/A
5/7/2021	BLX Boralex	Lower Price Target	C$36.00	C$48.00 ➝ C$47.00		N/A
5/7/2021	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$81.00	C$85.00 ➝ C$87.00	Outperform	N/A
5/7/2021	GWO Great-West Lifeco	Boost Price Target	C$37.00	C$36.50 ➝ C$40.00	Outperform	N/A
5/7/2021	IAG iA Financial	Boost Price Target	C$72.00	C$71.00 ➝ C$82.00		N/A
5/7/2021	PBH Premium Brands	Boost Price Target	C$121.00	C$118.00 ➝ C$120.00	Neutral	N/A
5/7/2021	TOY Spin Master	Boost Price Target	C$41.00	C$44.00 ➝ C$54.00	Outperform	N/A
5/7/2021	SLF Sun Life Financial	Boost Price Target	C$66.00	C$69.00 ➝ C$70.00	Neutral	N/A
5/7/2021	TOU Tourmaline Oil	Boost Price Target	C$29.00	C$30.00 ➝ C$35.00	Outperform	N/A
5/6/2021	PRMRF Paramount Resources	Upgrade	$11.00		Underperform ➝ Neutral	Low
5/6/2021	CNSWF Constellation Software	Boost Price Target	$1,481.00	$1,760.00 ➝ $2,000.00	Outperform	Medium
5/6/2021	DREUF Dream Industrial Real Estate Investment Trust	Boost Price Target	$12.00	$14.50 ➝ $15.00	Outperform	Low
5/6/2021	FCXXF First Capital Real Estate Investment Trust	Boost Price Target	$14.00	$18.50 ➝ $20.00	Outperform	Low
5/6/2021	LBLCF Loblaw Companies	Boost Price Target	$58.00	$78.00 ➝ $87.00	Outperform	Low
5/6/2021	TMTNF Toromont Industries	Boost Price Target	$86.00	$100.00 ➝ $106.00	Neutral	Low
5/6/2021	TRRSF Trisura Group	Boost Price Target	$128.00	$140.00 ➝ $180.00	Outperform	Low
5/6/2021	TUERF True North Commercial Real Estate Investment Trust	Boost Price Target	$6.00	$6.75 ➝ $7.25	Neutral	Low
5/6/2021	CSU Constellation Software	Boost Price Target	C$1,773.00	C$1,760.00 ➝ C$2,000.00		N/A
5/6/2021	DIR.UN Dream Industrial Real Estate Invest Trst	Boost Price Target	C$14.00	C$14.50 ➝ C$15.00	Outperform	N/A
5/6/2021	ERE.UN BSR Real Estate Investment Trust	Lower Price Target	C$4.00	C$5.50 ➝ C$5.25	Outperform	N/A
5/6/2021	FCR.UN First Capital Realty	Boost Price Target	C$18.00	C$18.50 ➝ C$20.00	Neutral	N/A
5/6/2021	L Loblaw Companies	Boost Price Target	C$72.00	C$78.00 ➝ C$87.00		N/A
5/6/2021	POU Paramount Resources	Boost Price Target	C$13.00	C$11.50 ➝ C$15.00	Underperform ➝ Neutral	N/A
5/6/2021	TIH Toromont Industries	Boost Price Target	C$106.00	C$100.00 ➝ C$106.00	Neutral	N/A
5/6/2021	TSU Trisura Group	Boost Price Target	C$149.00	C$140.00 ➝ C$180.00	Outperform	N/A
5/6/2021	TNT.UN True North Commercial REIT	Boost Price Target	C$7.00	C$6.75 ➝ C$7.25	Outperform	N/A
5/5/2021	BLX Boralex	Reiterated Rating	C$36.00	C$48.00	Outperform	N/A
5/5/2021	BNE Bonterra Energy	Reiterated Rating	C$4.00		NA	N/A
5/5/2021	CHR Chorus Aviation	Reiterated Rating	C$4.00	C$5.25	Outperform	N/A
5/5/2021	CSU Constellation Software	Reiterated Rating	C$1,773.00	C$1,760.00	Outperform	N/A
5/5/2021	ERO Ero Copper	Boost Price Target	C$28.00	C$25.00 ➝ C$28.00	Neutral	N/A
5/5/2021	FTS Fortis	Reiterated Rating	C$55.00	C$58.00	Outperform	N/A
5/5/2021	L Loblaw Companies	Reiterated Rating	C$72.00	C$78.00	Outperform	N/A
5/5/2021	MFI Maple Leaf Foods	Reiterated Rating	C$26.00	C$37.00	Outperform	N/A
5/5/2021	POU Paramount Resources	Reiterated Rating	C$13.00	C$11.50	Underperform	N/A
5/5/2021	PVG Pretium Resources	Reiterated Rating	C$14.00	C$16.00	Neutral	N/A
5/5/2021	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$1.00	C$0.50 ➝ C$0.80	Underperform	N/A
5/5/2021	GEI Gibson Energy	Boost Price Target	C$23.00	C$22.00 ➝ C$23.00		N/A
5/5/2021	REI.UN RioCan Real Estate Investment Trust	Boost Price Target	C$21.00	C$22.00 ➝ C$23.00		N/A
5/5/2021	KXS Kinaxis	Reiterated Rating	C$143.00	C$200.00	Outperform	N/A
5/5/2021	ERRPF Ero Copper	Boost Price Target	$23.00	$25.00 ➝ $28.00	Neutral	High
5/5/2021	GBNXF Gibson Energy	Boost Price Target	$19.00	$22.00 ➝ $23.00	Neutral	Low
5/5/2021	RIOCF RioCan Real Estate Investment Trust	Boost Price Target	$18.00	$22.00 ➝ $23.00	Outperform	Low
5/5/2021	BDRBF Bombardier	Boost Price Target	$1.00	$0.50 ➝ $0.80	Underperform	Medium
5/4/2021	FSV FirstService	Reiterated Rating	$162.00	$161.00 ➝ $180.00	Outperformer ➝ Neutral	N/A
5/4/2021	CS Capstone Mining	Boost Price Target	C$6.00	C$4.80 ➝ C$7.00		N/A
5/4/2021	AAV Advantage Oil & Gas	Reiterated Rating	C$3.00	C$4.25	Outperform	N/A
5/4/2021	BEP.UN Brookfield Renewable Partners	Reiterated Rating	C$44.00	C$54.00	Neutral	N/A
5/4/2021	IAG iA Financial	Reiterated Rating	C$72.00		Neutral	N/A
5/4/2021	PKI Parkland	Reiterated Rating	C$41.00	C$49.00	Outperform	N/A
5/4/2021	PLC Park Lawn	Reiterated Rating	C$35.00	C$37.00	Outperform	N/A
5/4/2021	TA TransAlta	Reiterated Rating	C$12.00	C$13.50	Outperform	N/A
5/4/2021	IGM IGM Financial	Boost Price Target	C$46.00	C$45.00 ➝ C$49.00		N/A
5/4/2021	POW Power Co. of Canada	Boost Price Target	C$37.00	C$40.00 ➝ C$41.00		N/A
5/4/2021	IGIFF IGM Financial	Boost Price Target	$37.00	$45.00 ➝ $49.00	Outperform	Low
5/4/2021	PWCDF Power Co. of Canada	Boost Price Target	$30.00	$40.00 ➝ $41.00	Outperform	Low
5/4/2021	TRI Thomson Reuters	Downgrade	$97.00	$95.00 ➝ $102.00	Sector Outperform ➝ Neutral	Medium
5/3/2021	DYNDF Dye & Durham	Initiated Coverage	$33.00		Neutral	Low
5/3/2021	IRMTF Information Services	Upgrade	$21.00	$32.50 ➝ $33.00	Neutral ➝ Outperform	Low
5/3/2021	AP.UN Allied Properties Real Estate Investment	Boost Price Target	C$43.00	C$44.00 ➝ C$47.00	Outperform	N/A
5/3/2021	ATZ Aritzia	Boost Price Target	C$32.00	C$31.00 ➝ C$39.00	Outperform	N/A
5/3/2021	CPX Capital Power	Boost Price Target	C$40.00	C$40.00 ➝ C$41.00	Neutral	N/A
5/3/2021	CCL.B CCL Industries	Boost Price Target	C$72.00	C$75.00 ➝ C$81.00	Outperform	N/A
5/3/2021	CHP.UN Choice Properties Real Est Invstmnt Trst	Boost Price Target	C$14.00	C$14.00 ➝ C$14.25	Neutral	N/A
5/3/2021	CMMC Copper Mountain Mining	Boost Price Target	C$5.00	C$4.00 ➝ C$5.50	Outperform	N/A
5/3/2021	DND Dye & Durham	Reiterated Rating	C$41.00	C$47.00	Neutral	N/A
5/3/2021	FM First Quantum Minerals	Boost Price Target	C$33.00	C$35.00 ➝ C$36.50		N/A
5/3/2021	ISV Information Services	Boost Price Target	C$27.00	C$25.00 ➝ C$32.50	Neutral ➝ Outperform	N/A
5/3/2021	ITP Intertape Polymer Group	Boost Price Target	C$30.00	C$35.50 ➝ C$37.00	Outperform	N/A
5/3/2021	LUN Lundin Mining	Boost Price Target	C$15.00	C$15.00 ➝ C$16.00	Outperform	N/A
5/3/2021	TECK.B Teck Resources	Boost Price Target	C$31.00	C$32.00 ➝ C$33.00		N/A
5/3/2021	BNS The Bank of Nova Scotia	Reiterated Rating	C$80.00	C$86.00	Outperform	N/A