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
11/30/2023	ATD Alimentation Couche-Tard	Lower Price Target	C$77.00	C$88.00 ➝ C$84.00		N/A
11/30/2023	STN Stantec	Boost Price Target	C$101.00	C$101.00 ➝ C$110.00		N/A
11/29/2023	CGY Calian Group	Boost Price Target	C$56.00	C$65.00 ➝ C$67.00		N/A
11/29/2023	CPX Capital Power	Boost Price Target	C$37.00	C$41.00 ➝ C$43.00	Neutral	N/A
11/29/2023	FM First Quantum Minerals	Lower Price Target	C$11.00	C$24.50 ➝ C$20.00		N/A
11/29/2023	BNS Bank of Nova Scotia	Lower Price Target	C$61.00	C$62.00 ➝ C$58.00		N/A
11/29/2023	TRP TC Energy	Boost Price Target	C$51.00	C$53.00 ➝ C$54.00		N/A
11/23/2023	ATD Alimentation Couche-Tard	Boost Price Target	C$77.00	C$79.00 ➝ C$88.00	Outperform	N/A
11/23/2023	RCK Rock Tech Lithium	Lower Price Target	C$1.00	C$3.15 ➝ C$2.90	Outperform	N/A
11/22/2023	TD Toronto-Dominion Bank	Downgrade	$61.00		Sector Outperform ➝ Neutral	Low
11/22/2023	BMO Bank of Montreal	Lower Price Target	C$111.00	C$120.00 ➝ C$115.00	Neutral	N/A
11/22/2023	CWB Canadian Western Bank	Lower Price Target	C$29.00	C$31.00 ➝ C$30.00	Neutral	N/A
11/22/2023	WN George Weston	Lower Price Target	C$159.00	C$215.00 ➝ C$213.00	Outperform	N/A
11/22/2023	LB Laurentian Bank of Canada	Lower Price Target	C$26.00	C$37.00 ➝ C$35.00	Neutral	N/A
11/22/2023	NA National Bank of Canada	Lower Price Target	C$90.00	C$106.00 ➝ C$102.00	Outperform	N/A
11/22/2023	RY Royal Bank of Canada	Lower Price Target	C$123.00	C$129.00 ➝ C$128.00	Neutral	N/A
11/22/2023	BNS Bank of Nova Scotia	Lower Price Target	C$61.00	C$64.00 ➝ C$62.00	Neutral	N/A
11/22/2023	TD Toronto-Dominion Bank	Downgrade	C$83.00	C$92.00 ➝ C$86.00	Outperform ➝ Neutral	N/A
11/21/2023	FNV Franco-Nevada	Lower Price Target	C$152.00	C$258.00 ➝ C$250.00	Outperform	N/A
11/17/2023	AOT Ascot Resources	Lower Price Target	C$0.00	C$0.90 ➝ C$0.85	Neutral	N/A
11/17/2023	SKE Skeena Resources	Boost Price Target	C$6.00	C$16.50 ➝ C$17.00	Outperform	N/A
11/16/2023	ACB Aurora Cannabis	Lower Price Target	C$1.00	C$0.85 ➝ C$0.80	Neutral	N/A
11/16/2023	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$9.00	C$12.50 ➝ C$14.00	Outperform	N/A
11/16/2023	HR.UN H&R Real Estate Investment Trust	Lower Price Target	C$9.00	C$13.00 ➝ C$12.00	Outperform	N/A
11/16/2023	L Loblaw Companies	Lower Price Target	C$117.00	C$152.00 ➝ C$150.00	Outperform	N/A
11/16/2023	MRU Metro	Lower Price Target	C$68.00	C$80.00 ➝ C$76.00	Neutral	N/A
11/16/2023	SOT.UN Slate Office REIT	Lower Price Target	C$1.00	C$1.50 ➝ C$1.00	Neutral	N/A
11/14/2023	BYD Boyd Group Services	Boost Price Target	C$259.00	C$280.00 ➝ C$285.00	Neutral	N/A
11/14/2023	ECN ECN Capital	Boost Price Target	C$2.00	C$2.25 ➝ C$2.60	Neutral	N/A
11/14/2023	EIF Exchange Income	Lower Price Target	C$45.00	C$64.50 ➝ C$58.00		N/A
11/14/2023	MAG MAG Silver	Lower Price Target	C$16.00	C$21.00 ➝ C$17.50	Neutral	N/A
11/14/2023	MOZ Marathon Gold	Lower Price Target	C$1.00	C$1.70 ➝ C$0.84	Neutral	N/A
11/14/2023	SMT Sierra Metals	Boost Price Target	C$1.00	C$0.50 ➝ C$0.75	Neutral	N/A
11/13/2023	AQN Algonquin Power & Utilities	Lower Price Target	$6.00	$7.50 ➝ $7.00	Neutral	N/A
11/13/2023	CCL.B CCL Industries	Lower Price Target	C$56.00	C$74.00 ➝ C$72.00	Outperform	N/A
11/13/2023	CSH.UN Chartwell Retirement Residences	Boost Price Target	C$11.00	C$13.00 ➝ C$14.00	Outperform	N/A
11/13/2023	DFY Definity Financial	Boost Price Target	C$37.00	C$40.50 ➝ C$42.50		N/A
11/13/2023	D.UN Dream Office Real Estate Investment Trst	Lower Price Target	C$9.00	C$11.00 ➝ C$10.00	Neutral	N/A
11/13/2023	EMA Emera	Boost Price Target	C$48.00	C$53.00 ➝ C$54.00	Neutral	N/A
11/13/2023	GDI GDI Integrated Facility Services	Lower Price Target	C$36.00	C$54.00 ➝ C$45.00	Outperform	N/A
11/13/2023	GCG Guardian Capital Group	Boost Price Target	C$44.00	C$51.00 ➝ C$54.00	Outperform	N/A
11/13/2023	KRR Karora Resources	Lower Price Target	C$5.00	C$5.50 ➝ C$5.25	Neutral	N/A
11/13/2023	ONEX Onex	Boost Price Target	C$92.00	C$110.00 ➝ C$120.00	Outperform	N/A
11/13/2023	PLC Park Lawn	Lower Price Target	C$16.00	C$23.50 ➝ C$20.00	Neutral	N/A
11/13/2023	PLZ.UN Plaza Retail REIT	Lower Price Target	C$3.00	C$4.75 ➝ C$4.25	Neutral	N/A
11/13/2023	SAP Saputo	Lower Price Target	C$26.00	C$38.00 ➝ C$37.00	Outperform	N/A
11/13/2023	SIA Sienna Senior Living	Lower Price Target	C$11.00	C$13.00 ➝ C$12.50	Neutral	N/A
11/13/2023	ZZZ Sleep Country Canada	Lower Price Target	C$24.00	C$28.00 ➝ C$27.00	Outperform	N/A
11/13/2023	STN Stantec	Boost Price Target	C$101.00	C$97.00 ➝ C$101.00	Outperform	N/A
11/10/2023	BOS AirBoss of America	Downgrade	C$4.00	C$6.00 ➝ C$3.75	Neutral ➝ Underperform	N/A
11/10/2023	AIF Altus Group	Lower Price Target	C$40.00	C$58.00 ➝ C$51.50		N/A
11/10/2023	ACQ AutoCanada	Lower Price Target	C$18.00	C$26.00 ➝ C$22.50	Neutral	N/A
11/10/2023	BDT Bird Construction	Boost Price Target	C$12.00	C$12.50 ➝ C$14.50	Outperform	N/A
11/10/2023	BN Brookfield	Lower Price Target	$35.00	$47.00 ➝ $42.00	Outperform	N/A
11/10/2023	CTC.A Canadian Tire	Lower Price Target	C$141.00	C$177.00 ➝ C$153.00	Neutral	N/A
11/10/2023	CAR.UN Canadian Apartment Properties REIT	Lower Price Target	C$46.00	C$55.00 ➝ C$50.00	Neutral	N/A
11/10/2023	CHP.UN Choice Properties Real Est Invstmnt Trst	Lower Price Target	C$13.00	C$15.50 ➝ C$15.00	Neutral	N/A
11/10/2023	CRR.UN Crombie Real Estate Investment Trust	Lower Price Target	C$13.00	C$18.00 ➝ C$17.00	Outperform	N/A
11/10/2023	DCBO Docebo	Boost Price Target	C$60.00	C$65.00 ➝ C$68.50	Outperform	N/A
11/10/2023	GRT.UN Granite Real Estate Investment Trust	Lower Price Target	C$69.00	C$93.00 ➝ C$84.00	Outperform	N/A
11/10/2023	RCI.B Rogers Communications	Boost Price Target	C$58.00	C$67.00 ➝ C$69.00	Outperform	N/A
11/10/2023	SRU.UN SmartCentres Real Estate Investment Trst	Lower Price Target	C$23.00	C$31.00 ➝ C$30.00	Outperform	N/A
11/10/2023	SFTC Softchoice	Boost Price Target	C$17.00	C$17.50 ➝ C$19.00	Neutral	N/A
11/10/2023	WEF Western Forest Products	Lower Price Target	C$1.00	C$1.00 ➝ C$0.85	Neutral	N/A
11/10/2023	WSP WSP Global	Boost Price Target	C$188.00	C$204.00 ➝ C$208.00	Outperform	N/A
11/9/2023	HOT.UN American Hotel Income Properties REIT	Lower Price Target	C$1.00	C$2.25 ➝ C$0.75	Neutral	N/A
11/9/2023	BEI.UN Boardwalk REIT	Boost Price Target	C$67.00	C$70.00 ➝ C$73.50	Neutral	N/A
11/9/2023	CCO Cameco	Boost Price Target	C$62.00	C$45.00 ➝ C$68.50	Outperform	N/A
11/9/2023	GIB.A CGI	Boost Price Target	C$138.00	C$150.00 ➝ C$155.00	Outperform	N/A
11/9/2023	CRON Cronos Group	Boost Price Target	$2.00	$2.75 ➝ $3.00	Outperform	Low
11/9/2023	DNTL dentalcorp	Lower Price Target	C$5.00	C$12.50 ➝ C$11.00	Outperform	N/A
11/9/2023	DIR.UN Dream Industrial Real Estate Invest Trst	Lower Price Target	C$12.00	C$17.75 ➝ C$16.00	Outperform	N/A
11/9/2023	FSZ Fiera Capital	Boost Price Target	C$5.00	C$5.00 ➝ C$5.25	Neutral	N/A
11/9/2023	GSY goeasy	Boost Price Target	C$133.00	C$150.00 ➝ C$160.00	Outperform	N/A
11/9/2023	H Hydro One	Boost Price Target	C$38.00	C$37.00 ➝ C$38.00	Neutral	N/A
11/9/2023	ISV Information Services	Lower Price Target	C$21.00	C$31.00 ➝ C$29.00	Outperform	N/A
11/9/2023	KMP.UN Killam Apartment REIT	Lower Price Target	C$17.00	C$22.00 ➝ C$20.00	Outperform	N/A
11/9/2023	KGC Kinross Gold	Boost Price Target	$6.00	$6.25 ➝ $7.00	Outperform	Low
11/9/2023	MI.UN Minto Apartment Real Estate Invt Trust	Lower Price Target	C$15.00	C$21.00 ➝ C$19.00	Outperform	N/A
11/9/2023	NWH.UN NorthWest Health Prop Real Est Inv Trust	Lower Price Target	C$4.00	C$6.00 ➝ C$5.00	Neutral	N/A
11/9/2023	NVEI Nuvei	Boost Price Target	$21.00	$30.00 ➝ $34.00	Outperform	Low
11/9/2023	NVA NuVista Energy	Boost Price Target	C$12.00	C$15.75 ➝ C$16.25	Outperform	N/A
11/9/2023	PD Precision Drilling	Boost Price Target	C$78.00	C$110.00 ➝ C$120.00	Outperform	N/A
11/9/2023	SJ Stella-Jones	Boost Price Target	C$78.00	C$74.00 ➝ C$83.00	Neutral	N/A
11/9/2023	TCN Tricon Residential	Lower Price Target	$8.00	$11.50 ➝ $10.00	Outperform	Low
11/8/2023	CJT Cargojet	Lower Price Target	C$98.00	C$154.00 ➝ C$150.00	Outperform	N/A
11/8/2023	CFF Conifex Timber	Upgrade	C$1.00	C$1.00 ➝ C$0.75	Underperform ➝ Neutral	N/A
11/8/2023	CRT.UN CT Real Estate Investment Trust	Lower Price Target	C$14.00	C$17.00 ➝ C$16.00	Neutral	N/A
11/8/2023	EDR Endeavour Silver	Lower Price Target	C$3.00	C$6.00 ➝ C$5.00	Neutral	N/A
11/8/2023	ERE.UN European Residential Real Estate Investment Trust	Lower Price Target	C$2.00	C$3.75 ➝ C$3.00	Outperform	N/A
11/8/2023	FTT Finning International	Lower Price Target	C$35.00	C$48.00 ➝ C$47.00	Outperform	N/A
11/8/2023	TA TransAlta	Boost Price Target	C$11.00	C$17.50 ➝ C$18.00	Outperform	N/A
11/3/2023	ARX ARC Resources	Boost Price Target	C$22.00	C$26.00 ➝ C$28.00	Outperform	N/A
11/3/2023	BCE BCE	Lower Price Target	C$53.00	C$56.00 ➝ C$55.00	Neutral	N/A
11/3/2023	CCA Cogeco Communications	Boost Price Target	C$52.00	C$62.00 ➝ C$65.00	Neutral	N/A
11/3/2023	CGO Cogeco	Lower Price Target	C$47.00	C$58.00 ➝ C$53.00	Neutral	N/A
11/3/2023	ERO Ero Copper	Lower Price Target	C$17.00	C$26.00 ➝ C$24.00	Neutral	N/A
11/3/2023	GIL Gildan Activewear	Boost Price Target	$36.00	$37.00 ➝ $38.00	Outperform	Low
11/3/2023	LSPD Lightspeed Commerce	Boost Price Target	C$22.00	C$23.00 ➝ C$24.00	Neutral	N/A
11/3/2023	MFI Maple Leaf Foods	Lower Price Target	C$24.00	C$37.00 ➝ C$36.00	Outperform	N/A