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
7/23/2021	MEG MEG Energy	Reiterated Rating	C$9.00	C$14.00	Neutral	N/A
7/23/2021	MLLGF Mullen Group	Boost Price Target	C$10.00	C$14.75 ➝ C$15.50	Outperform	Low
7/23/2021	PPRQF Choice Properties Real Estate Investment Trust	Boost Price Target	C$12.00	C$14.25 ➝ C$15.25	Neutral	Low
7/23/2021	MTL Mullen Group	Boost Price Target	C$13.00	C$14.75 ➝ C$15.50		N/A
7/23/2021	CHP.UN Choice Properties Real Est Invstmnt Trst	Boost Price Target	C$15.00	C$14.25 ➝ C$15.25	Neutral	N/A
7/23/2021	AC Air Canada	Reiterated Rating	C$25.00	C$33.00	Outperform	N/A
7/23/2021	NFI NFI Group	Reiterated Rating	C$27.00	C$34.00	Outperform	N/A
7/23/2021	MG Magna International	Boost Price Target	C$102.00	C$142.00	Outperform	N/A
7/22/2021	MTL Mullen Group	Reiterated Rating	C$13.00	C$14.75	Outperform	N/A
7/22/2021	LGO Largo Resources	Reiterated Rating	C$19.00	C$25.00	Outperform	N/A
7/22/2021	FM First Quantum Minerals	Reiterated Rating	C$25.00	C$38.50	Outperform	N/A
7/22/2021	GWO Great-West Lifeco	Boost Price Target	C$37.00	C$41.00	Neutral	N/A
7/22/2021	PD Precision Drilling	Reiterated Rating	C$42.00	C$60.00	Neutral	N/A
7/22/2021	PRBZF Premium Brands	Boost Price Target	C$102.00	C$120.00 ➝ C$127.00	Neutral	N/A
7/22/2021	PBH Premium Brands	Boost Price Target	C$129.00	C$120.00 ➝ C$127.00	Neutral	N/A
7/21/2021	TAC TransAlta	Boost Price Target	C$10.00	C$13.50 ➝ C$14.50	Outperform	Low
7/21/2021	TA TransAlta	Boost Price Target	C$12.00	C$13.50 ➝ C$14.50	Outperform	N/A
7/21/2021	WTSHF Westshore Terminals Investment	Lower Price Target	C$18.00	C$20.00 ➝ C$19.00	Neutral	Low
7/21/2021	TRSWF TransAlta Renewables	Boost Price Target	C$17.00	C$20.00 ➝ C$21.00	Neutral	Low
7/21/2021	WTE Westshore Terminals Investment	Lower Price Target	C$22.00	C$20.00 ➝ C$19.00	Neutral	N/A
7/21/2021	RNW TransAlta Renewables	Boost Price Target	C$22.00	C$20.00 ➝ C$21.00	Neutral	N/A
7/21/2021	CDUAF Canadian Utilities	Boost Price Target	C$28.00	C$36.00 ➝ C$37.00	Neutral	Low
7/21/2021	CPXWF Capital Power	Boost Price Target	C$33.00	C$41.00 ➝ C$42.00	Neutral	N/A
7/21/2021	ACLLF ATCO	Boost Price Target	C$35.00	C$48.00 ➝ C$49.00	Outperform	Low
7/21/2021	CU Canadian Utilities	Boost Price Target	C$35.00	C$36.00 ➝ C$37.00	Neutral	N/A
7/21/2021	CPX Capital Power	Boost Price Target	C$41.00	C$41.00 ➝ C$42.00	Neutral	N/A
7/21/2021	ACO.X ATCO	Boost Price Target	C$44.00	C$48.00 ➝ C$49.00		N/A
7/21/2021	EMRAF Emera	Boost Price Target	C$46.00	C$58.00 ➝ C$59.00	Neutral	Low
7/21/2021	EMA Emera	Boost Price Target	C$58.00	C$58.00 ➝ C$59.00	Neutral	N/A
7/21/2021	WSPOF WSP Global	Boost Price Target	C$116.00	C$150.00 ➝ C$157.00	Outperform	High
7/21/2021	WSP WSP Global	Boost Price Target	C$147.00	C$150.00 ➝ C$157.00	Outperform	N/A
7/20/2021	WFSTF Western Forest Products	Lower Price Target	C$2.00	C$2.90 ➝ C$2.60	Outperform	Low
7/20/2021	CFXTF Conifex Timber	Lower Price Target	C$1.00	C$3.25 ➝ C$2.50	Neutral	Low
7/20/2021	CFF Conifex Timber	Lower Price Target	C$2.00	C$3.25 ➝ C$2.50	NA	N/A
7/20/2021	WEF Western Forest Products	Lower Price Target	C$2.00	C$2.90 ➝ C$2.60	NA	N/A
7/20/2021	CWXZF Doman Building Materials Group	Lower Price Target	C$6.00	C$13.00 ➝ C$10.00	Outperform	Medium
7/20/2021	CFPUF Canfor Pulp Products	Lower Price Target	C$6.00	C$11.00 ➝ C$9.00	Neutral	N/A
7/20/2021	CFX Canfor Pulp Products	Lower Price Target	C$7.00	C$11.00 ➝ C$9.00	NA	N/A
7/20/2021	CADNF Cascades	Boost Price Target	C$12.00	C$17.00 ➝ C$20.00	Outperform	Low
7/20/2021	PSK PrairieSky Royalty	Reiterated Rating	C$14.00	C$17.00	Neutral	N/A
7/20/2021	CAS Cascades	Boost Price Target	C$16.00	C$17.00 ➝ C$20.00	NA	N/A
7/20/2021	CFPZF Canfor	Lower Price Target	C$19.00	C$41.00 ➝ C$32.00	Outperform	Low
7/20/2021	IFSPF Interfor	Lower Price Target	C$21.00	C$54.00 ➝ C$40.00	Outperform	Low
7/20/2021	CFP Canfor	Lower Price Target	C$24.00	C$41.00 ➝ C$32.00	NA	N/A
7/20/2021	IFP Interfor	Lower Price Target	C$26.00	C$54.00 ➝ C$40.00	NA	N/A
7/20/2021	MFI Maple Leaf Foods	Reiterated Rating	C$25.00	C$37.00	Outperform	N/A
7/20/2021	GWLIF Great-West Lifeco	Downgrade	$30.00	$40.00	Outperform ➝ Neutral	Low
7/20/2021	WIPKF Winpak	Lower Price Target	C$29.00	C$46.00 ➝ C$42.00	Neutral	Low
7/20/2021	STLJF Stella-Jones	Lower Price Target	C$34.00	C$60.00 ➝ C$56.00	Outperform	Low
7/20/2021	GWO Great-West Lifeco	Reiterated Rating	C$37.00	C$40.00	Outperform ➝ Outperform	N/A
7/20/2021	WPK Winpak	Lower Price Target	C$40.00	C$46.00 ➝ C$42.00	NA	N/A
7/20/2021	SJ Stella-Jones	Lower Price Target	C$44.00	C$60.00 ➝ C$56.00	NA	N/A
7/20/2021	WFG West Fraser Timber	Lower Price Target	C$72.00	C$141.00 ➝ C$118.00	Outperform	Low
7/20/2021	WFG West Fraser Timber	Lower Price Target	C$90.00	C$141.00 ➝ C$118.00	NA	N/A
7/19/2021	PPL Pembina Pipeline	Reiterated Rating	C$39.00	C$47.00	Outperform	N/A
7/16/2021	ECNCF ECN Capital	Boost Price Target	C$8.00	C$10.00 ➝ C$11.50	Outperform	Low
7/16/2021	ECN ECN Capital	Boost Price Target	C$10.00	C$10.00 ➝ C$11.50	NA	N/A
7/16/2021	IPPLF Inter Pipeline	Boost Price Target	C$16.00	C$20.50 ➝ C$21.50	Neutral	Low
7/16/2021	CIXX CI Financial	Boost Price Target	C$18.00	C$23.00 ➝ C$24.00	Neutral	Low
7/16/2021	IPL Inter Pipeline	Boost Price Target	C$20.00	C$20.50 ➝ C$21.50		N/A
7/16/2021	CIX CI Financial	Boost Price Target	C$23.00	C$23.00 ➝ C$24.00	NA	N/A
7/16/2021	TRRSF Trisura Group	Boost Price Target	C$36.00	C$45.00 ➝ C$50.00	Outperform	Low
7/16/2021	TSU Trisura Group	Boost Price Target	C$46.00	C$45.00 ➝ C$50.00	NA	N/A
7/16/2021	ONEXF Onex	Boost Price Target	C$75.00	C$100.00 ➝ C$105.00	Outperform	Low
7/16/2021	ONEX Onex	Boost Price Target	C$94.00	C$100.00 ➝ C$105.00	NA	N/A
7/16/2021	CGO Cogeco	Reiterated Rating	C$95.00	C$114.00	Neutral	N/A
7/16/2021	TMXXF TMX Group	Lower Price Target	C$107.00	C$145.00 ➝ C$140.00	Neutral	Low
7/16/2021	CCA Cogeco Communications	Reiterated Rating	C$120.00	C$131.00	Outperform	N/A
7/16/2021	X TMX Group	Lower Price Target	C$135.00	C$145.00 ➝ C$140.00	NA	N/A
7/15/2021	OGC OceanaGold	Boost Price Target	C$2.00	C$3.00	Neutral	N/A
7/15/2021	CROMF Crombie Real Estate Investment Trust	Boost Price Target	C$15.00	C$18.00 ➝ C$19.00	Outperform	N/A
7/15/2021	CRR.UN Crombie Real Estate Investment Trust	Boost Price Target	C$18.00	C$18.00 ➝ C$19.00	Outperform	N/A
7/15/2021	ATD.B Alimentation Couche-Tard	Reiterated Rating	C$49.00	C$54.00	Outperform	N/A
7/15/2021	GIB CGI	Upgrade	$92.00	$123.00	Neutral ➝ Sector Outperform	Medium
7/15/2021	GIB.A CGI	Boost Price Target	C$116.00	C$110.00 ➝ C$123.00	Outperform	N/A
7/14/2021	BDRBF Bombardier	Boost Price Target	C$1.00	C$0.80 ➝ C$1.00	Underperform	Low
7/14/2021	BTEGF Baytex Energy	Boost Price Target	C$2.00	C$1.75 ➝ C$3.00	Neutral	Medium
7/14/2021	BTE Baytex Energy	Boost Price Target	C$2.00	C$1.75 ➝ C$3.00	NA	N/A
7/14/2021	KELTF Kelt Exploration	Boost Price Target	C$2.00	C$4.00 ➝ C$5.00	Outperform	Low
7/14/2021	OGI OrganiGram	Boost Price Target	C$2.00	C$3.75 ➝ C$4.00	Neutral	Low
7/14/2021	SRMLF Storm Resources	Downgrade	$3.00		Outperform ➝ Neutral	Low
7/14/2021	NUVSF NuVista Energy	Boost Price Target	C$3.00	C$3.25 ➝ C$5.00	Neutral	High
7/14/2021	KEL Kelt Exploration	Boost Price Target	C$3.00	C$4.00 ➝ C$5.00	NA	N/A
7/14/2021	OGI OrganiGram	Boost Price Target	C$3.00	C$3.75 ➝ C$4.00		N/A
7/14/2021	NVA NuVista Energy	Boost Price Target	C$4.00	C$3.25 ➝ C$5.00	NA	N/A
7/14/2021	CPG Crescent Point Energy	Boost Price Target	C$3.00	C$7.00 ➝ C$9.00	Outperform	Medium
7/14/2021	SRX Storm Resources	Upgrade	C$4.00	C$4.00 ➝ C$4.50	Outperform ➝ Neutral	N/A
7/14/2021	BIREF Birchcliff Energy	Boost Price Target	C$4.00	C$5.75 ➝ C$6.50	Outperform	Medium
7/14/2021	AAVVF Advantage Energy	Boost Price Target	C$4.00	C$5.00 ➝ C$6.00	Outperform	High
7/14/2021	CPG Crescent Point Energy	Boost Price Target	C$4.00	C$7.00 ➝ C$9.00	NA	N/A
7/14/2021	BIR Birchcliff Energy	Boost Price Target	C$5.00	C$5.75 ➝ C$6.50	NA	N/A
7/14/2021	AAV Advantage Energy	Boost Price Target	C$5.00	C$5.00 ➝ C$6.00	NA	N/A
7/14/2021	SPGYF Whitecap Resources	Boost Price Target	C$4.00	C$7.50 ➝ C$9.00	Outperform	High
7/14/2021	CGIFF Chemtrade Logistics Income Fund	Lower Price Target	C$5.00	C$9.00 ➝ C$8.50	Outperform	Low
7/14/2021	WCP Whitecap Resources	Boost Price Target	C$6.00	C$7.50 ➝ C$9.00	NA	N/A
7/14/2021	PEYUF Peyto Exploration & Development	Boost Price Target	C$6.00	C$7.00 ➝ C$8.25	Neutral	Medium
7/14/2021	ERF Enerplus	Boost Price Target	C$6.00	C$10.00 ➝ C$13.00	Outperform	Medium
7/14/2021	CHE.UN Chemtrade Logistics Income Fund	Reiterated Rating	C$7.00	C$9.00 ➝ C$8.50	Outperform	N/A
7/14/2021	MEGEF MEG Energy	Boost Price Target	C$7.00	C$10.00 ➝ C$14.00	Neutral	High
7/14/2021	PEY Peyto Exploration & Development	Boost Price Target	C$7.00	C$7.00 ➝ C$8.25	NA	N/A