CSFB Stock Recommendations and Price Targets

This is a list of recent ratings by CSFB.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
9/15/2023	STLC Stelco	Downgrade	C$40.00	C$50.55 ➝ C$42.00	Outperform ➝ Neutral	N/A
9/13/2023	ENB Enbridge	Lower Price Target	C$50.00	C$52.00 ➝ C$51.00	Neutral	N/A
9/12/2023	TD Toronto-Dominion Bank	Set Price Target	C$81.00	C$93.00	Outperform	N/A
9/12/2023	NA National Bank of Canada	Set Price Target	C$112.00	C$108.00	Outperform	N/A
9/12/2023	BMO Bank of Montreal	Set Price Target	C$127.00	C$128.00	Outperform	N/A
9/12/2023	RY Royal Bank of Canada	Set Price Target	C$133.00	C$138.00	Outperform	N/A
9/8/2023	ADN Acadian Timber	Boost Price Target	C$17.00	C$17.00 ➝ C$18.50	Neutral	N/A
9/5/2023	CWB Canadian Western Bank	Boost Price Target	C$27.00	C$26.00 ➝ C$31.00	Neutral	N/A
9/1/2023	LB Laurentian Bank of Canada	Lower Price Target	C$26.00	C$41.00 ➝ C$39.00	Neutral	N/A
9/1/2023	CM Canadian Imperial Bank of Commerce	Lower Price Target	C$65.00	C$57.00 ➝ C$56.00	Neutral	N/A
8/31/2023	BN Brookfield	Lower Price Target	$40.00	$42.00 ➝ $41.00	Outperform	Low
8/31/2023	NA National Bank of Canada	Lower Price Target	C$112.00	C$112.00 ➝ C$108.00	Outperform	N/A
8/30/2023	BNS Bank of Nova Scotia	Boost Price Target	C$63.00	C$66.00 ➝ C$68.00	Neutral	N/A
8/29/2023	TWM Tidewater Midstream and Infrastructure	Lower Price Target	C$1.00	C$1.30 ➝ C$1.20	Outperform	N/A
8/25/2023	TD Toronto-Dominion Bank	Lower Price Target	C$81.00	C$93.00 ➝ C$92.00	Outperform	N/A
8/25/2023	RY Royal Bank of Canada	Boost Price Target	C$133.00	C$138.00 ➝ C$139.00	Outperform	N/A
8/24/2023	MERC Mercer International	Lower Price Target	$10.00	$9.50 ➝ $9.00		Low
8/24/2023	FTS Fortis	Boost Price Target	C$54.00	C$60.50 ➝ C$61.50	Neutral	N/A
8/23/2023	WFG West Fraser Timber	Boost Price Target	$79.00	$106.50 ➝ $108.50	Outperform	Low
8/22/2023	BLX Boralex	Boost Price Target	C$27.00	C$44.00 ➝ C$47.00	Outperform	N/A
8/21/2023	HBM Hudbay Minerals	Lower Price Target	C$11.00	C$9.00 ➝ C$8.00	Outperform	N/A
8/21/2023	LUN Lundin Mining	Lower Price Target	C$16.00	C$12.00 ➝ C$11.00	Neutral	N/A
8/18/2023	NPI Northland Power	Lower Price Target	C$21.00	C$34.50 ➝ C$33.00	Outperform	N/A
8/17/2023	NGD New Gold	Lower Price Target	$2.00	$1.20 ➝ $1.15	Neutral	N/A
8/17/2023	IAG IAMGOLD	Lower Price Target	$4.00	$3.00 ➝ $2.50	Neutral	Low
8/17/2023	KGC Kinross Gold	Boost Price Target	$7.00	$5.25 ➝ $5.50	Negative	Low
8/17/2023	CG Centerra Gold	Boost Price Target	C$9.00	C$8.50 ➝ C$9.00		N/A
8/17/2023	EGO Eldorado Gold	Lower Price Target	$15.00	$10.75 ➝ $9.00	Underperform	Low
8/17/2023	AGI Alamos Gold	Lower Price Target	$15.00	$13.00 ➝ $12.50	Neutral	Low
8/17/2023	GOLD Barrick Gold	Lower Price Target	$17.00	$22.00 ➝ $20.00	Outperform	Low
8/17/2023	CPX Capital Power	Boost Price Target	C$35.00	C$56.00 ➝ C$57.00		N/A
8/17/2023	AEM Agnico Eagle Mines	Boost Price Target	$65.00	$60.00 ➝ $61.00	Outperform	Low
8/17/2023	FNV Franco-Nevada	Lower Price Target	$122.00	$157.00 ➝ $150.00	Neutral	Low
8/16/2023	PPL Pembina Pipeline	Lower Price Target	C$49.00	C$52.00 ➝ C$51.00		N/A
8/15/2023	ENB Enbridge	Lower Price Target	C$50.00	C$54.00 ➝ C$52.00		N/A
8/10/2023	TRP TC Energy	Lower Price Target	C$49.00	C$55.50 ➝ C$54.00		N/A
8/9/2023	CP Canadian Pacific Kansas City	Boost Price Target	$82.00	$87.00 ➝ $88.00	Neutral	Low
8/9/2023	TFII TFI International	Boost Price Target	C$192.00	C$121.00 ➝ C$150.00	Outperform	N/A
8/3/2023	SHOP Shopify	Boost Price Target	C$96.00	C$55.00 ➝ C$62.00	Neutral	N/A
7/25/2023	MERC Mercer International	Lower Price Target	$10.00	$10.00 ➝ $9.50	Neutral	Low
7/25/2023	WFG West Fraser Timber	Boost Price Target	$79.00	$92.50 ➝ $106.50	Outperform	Low
7/24/2023	AQN Algonquin Power & Utilities	Lower Price Target	$6.00	$10.50 ➝ $10.00	Outperform	Low
7/24/2023	CU Canadian Utilities	Lower Price Target	C$31.00	C$40.50 ➝ C$40.00	Neutral	N/A
7/24/2023	FTS Fortis	Lower Price Target	C$54.00	C$62.00 ➝ C$61.50	Neutral	N/A
7/18/2023	ATD Alimentation Couche-Tard	Upgrade	C$77.00	C$65.00 ➝ C$85.00	Neutral ➝ Outperform	N/A
7/13/2023	LB Laurentian Bank of Canada	Downgrade	C$26.00	C$33.00 ➝ C$44.00	Outperform ➝ Neutral	N/A
6/15/2023	GEI Gibson Energy	Boost Price Target	C$23.00	C$25.50 ➝ C$26.50		N/A
6/8/2023	TD Toronto-Dominion Bank	Upgrade	C$81.00	C$85.00 ➝ C$88.00	Neutral ➝ Outperform	N/A
6/1/2023	BLX Boralex	Upgrade	C$27.00	C$45.00 ➝ C$50.00	Neutral ➝ Outperform	N/A
6/1/2023	NA National Bank of Canada	Lower Price Target	C$112.00	C$116.00 ➝ C$111.00		N/A
5/29/2023	CWB Canadian Western Bank	Lower Price Target	C$27.00	C$26.00 ➝ C$25.00		N/A
5/26/2023	TD Toronto-Dominion Bank	Lower Price Target	C$81.00	C$88.00 ➝ C$85.00		N/A
5/26/2023	RY Royal Bank of Canada	Lower Price Target	C$133.00	C$149.00 ➝ C$141.00		N/A
5/25/2023	PPL Pembina Pipeline	Upgrade	C$49.00		Neutral ➝ Outperform	N/A
5/24/2023	KEY Keyera	Lower Price Target	C$35.00	C$39.50 ➝ C$39.00		N/A
5/24/2023	EMA Emera	Boost Price Target	C$46.00	C$55.00 ➝ C$60.00		N/A
5/19/2023	NPI Northland Power	Boost Price Target	C$21.00	C$42.00 ➝ C$46.00		N/A
5/17/2023	GEI Gibson Energy	Upgrade	C$23.00		Neutral ➝ Outperform	N/A
5/16/2023	TA TransAlta	Boost Price Target	C$9.00	C$17.00 ➝ C$18.50		N/A
5/16/2023	CWB Canadian Western Bank	Lower Price Target	C$27.00	C$28.00 ➝ C$26.00		N/A
5/16/2023	LB Laurentian Bank of Canada	Lower Price Target	C$26.00	C$35.00 ➝ C$32.00		N/A
5/16/2023	CM Canadian Imperial Bank of Commerce	Lower Price Target	C$65.00	C$65.00 ➝ C$60.00		N/A
5/16/2023	BNS Bank of Nova Scotia	Lower Price Target	C$63.00	C$72.00 ➝ C$70.00		N/A
5/16/2023	NA National Bank of Canada	Boost Price Target	C$112.00	C$113.00 ➝ C$116.00		N/A
5/16/2023	BMO Bank of Montreal	Lower Price Target	C$127.00	C$147.00 ➝ C$139.00		N/A
5/16/2023	RY Royal Bank of Canada	Lower Price Target	C$133.00	C$151.00 ➝ C$149.00		N/A
5/9/2023	ALA AltaGas	Lower Price Target	C$30.00	C$33.00 ➝ C$32.50		N/A
5/5/2023	GWO Great-West Lifeco	Boost Price Target	C$40.00	C$37.00 ➝ C$40.00		N/A
4/24/2023	INE Innergex Renewable Energy	Lower Price Target	C$8.00	C$20.00 ➝ C$19.50		N/A
4/13/2023	TWM Tidewater Midstream and Infrastructure	Lower Price Target	C$1.00	C$1.50 ➝ C$1.30		N/A
4/12/2023	TA TransAlta	Upgrade	C$9.00	C$15.00 ➝ C$17.00	Neutral ➝ Outperform	N/A
4/11/2023	TRP TC Energy	Lower Price Target	C$49.00	C$60.50 ➝ C$59.50		N/A
4/6/2023	CVE Cenovus Energy	Lower Price Target	C$29.00	C$33.00 ➝ C$31.00		N/A
4/6/2023	SU Suncor Energy	Lower Price Target	C$54.00	C$60.00 ➝ C$56.00		N/A
4/6/2023	CNQ Canadian Natural Resources	Lower Price Target	C$106.00	C$93.00 ➝ C$90.00		N/A
4/5/2023	NPI Northland Power	Lower Price Target	C$21.00	C$46.50 ➝ C$46.00		N/A
4/4/2023	BLX Boralex	Boost Price Target	C$27.00	C$43.00 ➝ C$45.00		N/A
4/4/2023	PPL Pembina Pipeline	Lower Price Target	C$49.00	C$54.00 ➝ C$53.00		N/A
3/31/2023	CPX Capital Power	Boost Price Target	C$35.00	C$53.50 ➝ C$54.00		N/A
3/29/2023	ENB Enbridge	Upgrade	C$50.00		Underperform ➝ Neutral	N/A
3/22/2023	ACO.X ATCO	Lower Price Target	C$38.00	C$51.00 ➝ C$49.00		N/A
3/15/2023	FTS Fortis	Boost Price Target	C$54.00	C$61.00 ➝ C$62.00		N/A
3/3/2023	HBM Hudbay Minerals	Lower Price Target	C$11.00	C$9.00 ➝ C$8.50		N/A
3/3/2023	LUN Lundin Mining	Lower Price Target	C$16.00	C$10.25 ➝ C$10.00		N/A
3/3/2023	CWB Canadian Western Bank	Lower Price Target	C$27.00	C$29.00 ➝ C$28.00		N/A
3/3/2023	TD Toronto-Dominion Bank	Lower Price Target	C$81.00	C$97.00 ➝ C$94.00		N/A
3/2/2023	CG Centerra Gold	Lower Price Target	C$9.00	C$9.25 ➝ C$9.00		N/A
3/2/2023	WPM Wheaton Precious Metals	Lower Price Target	C$54.00	C$65.00 ➝ C$60.00		N/A
3/2/2023	NA National Bank of Canada	Boost Price Target	C$112.00	C$110.00 ➝ C$113.00		N/A
3/2/2023	RY Royal Bank of Canada	Lower Price Target	C$133.00	C$153.00 ➝ C$151.00		N/A
3/1/2023	BNS Bank of Nova Scotia	Lower Price Target	C$63.00	C$76.00 ➝ C$72.00		N/A
3/1/2023	BMO Bank of Montreal	Lower Price Target	C$127.00	C$150.00 ➝ C$147.00		N/A
2/27/2023	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$65.00	C$64.00 ➝ C$65.00		N/A
2/17/2023	CVE Cenovus Energy	Lower Price Target	C$29.00	C$35.00 ➝ C$33.00		N/A
2/17/2023	MFC Manulife Financial	Boost Price Target	C$32.00	C$27.00 ➝ C$28.00		N/A
2/17/2023	CWB Canadian Western Bank	Boost Price Target	C$27.00	C$26.00 ➝ C$29.00		N/A
2/17/2023	LB Laurentian Bank of Canada	Boost Price Target	C$26.00	C$34.00 ➝ C$35.00		N/A
2/17/2023	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$65.00	C$63.00 ➝ C$64.00		N/A
2/17/2023	BNS Bank of Nova Scotia	Boost Price Target	C$63.00	C$73.00 ➝ C$76.00		N/A
2/17/2023	TD Toronto-Dominion Bank	Lower Price Target	C$81.00	C$98.00 ➝ C$97.00		N/A