Desjardins Stock Recommendations and Price Targets

This is a list of recent ratings by Desjardins.

Date	Company Name	Action	Current Price	Price Target	Rating
12/4/2025	HWX Headwater Exploration	Boost Price Target	C$10.00	C$8.75 ➝ C$9.50	Hold
12/4/2025	L Loblaw Companies	Upgrade	C$62.00	C$62.00 ➝ C$67.00	Hold ➝ Buy
12/4/2025	NA National Bank of Canada	Boost Price Target	C$172.00	C$167.00 ➝ C$175.00	Buy
12/4/2025	RY Royal Bank of Canada	Boost Price Target	C$224.00	C$218.00 ➝ C$230.00	Buy
12/4/2025	TVE Tamarack Valley Energy	Boost Price Target	C$8.00	C$8.50 ➝ C$8.75	Buy
12/3/2025	PAZRF Plaza Retail REIT	Reiterated Rating	$3.00		Buy ➝ Buy
12/2/2025	WSP WSP Global	Set Price Target	C$242.00	C$306.00	Buy
11/28/2025	AGI Alamos Gold	Initiated Coverage	$36.00		Buy
11/28/2025	KGC Kinross Gold	Initiated Coverage	$27.00		Buy
11/28/2025	AGI Alamos Gold	Set Price Target	C$50.00	C$64.00	Buy
11/28/2025	FOOD Goodfood Market	Lower Price Target	C$0.00	C$0.30 ➝ C$0.25	Hold
11/28/2025	KNT K92 Mining Inc. (KNT.V)	Set Price Target	C$8.00	C$26.00	Buy
11/28/2025	K Kinross Gold	Set Price Target	C$38.00	C$44.00	Buy
11/28/2025	OGC OceanaGold	Set Price Target	C$35.00	C$50.00	Buy
11/27/2025	AGI Alamos Gold	Upgrade	C$50.00		Buy
11/27/2025	K Kinross Gold	Upgrade	C$38.00		Moderate Buy
11/27/2025	KNT K92 Mining	Upgrade	C$21.00		Moderate Buy
11/27/2025	OGC OceanaGold	Upgrade	C$35.00		Moderate Buy
11/27/2025	CGY Calian Group	Boost Price Target	C$58.00	C$59.00 ➝ C$66.00	Buy
11/26/2025	ATD Alimentation Couche-Tard	Boost Price Target	C$74.00	C$80.00 ➝ C$85.00	Buy
11/26/2025	BEP Brookfield Renewable Partners	Upgrade	$28.00		Hold
11/25/2025	PNG Kraken Robotics	Boost Price Target	C$6.00	C$5.00 ➝ C$6.50	Buy
11/24/2025	PEYUF Peyto Exploration & Development	Upgrade	$16.00		Hold ➝ Buy
11/24/2025	CNQ Canadian Natural Resources	Downgrade	$34.00		Buy ➝ Hold
11/24/2025	ATH Athabasca Oil	Boost Price Target	C$8.00	C$8.00 ➝ C$8.50	Hold
11/24/2025	CNQ Canadian Natural Resources	Downgrade	C$48.00	C$52.00	Buy ➝ Hold
11/24/2025	CVE Cenovus Energy	Boost Price Target	C$26.00	C$31.50 ➝ C$33.00	Buy
11/24/2025	HWX Headwater Exploration	Boost Price Target	C$10.00	C$8.00 ➝ C$8.75	Hold
11/24/2025	IMO Imperial Oil	Boost Price Target	C$131.00	C$114.00 ➝ C$120.00	Sell
11/24/2025	PEY Peyto Exploration & Development	Upgrade	C$23.00	C$23.50 ➝ C$24.50	Hold ➝ Buy
11/24/2025	SDE Spartan Delta	Boost Price Target	C$8.00	C$7.00 ➝ C$8.00	Hold
11/24/2025	SU Suncor Energy	Boost Price Target	C$62.00	C$71.00 ➝ C$73.00	Buy
11/24/2025	TVE Tamarack Valley Energy	Boost Price Target	C$8.00	C$7.75 ➝ C$8.50	Buy
11/24/2025	TOU Tourmaline Oil	Upgrade	C$64.00	C$68.00	Hold ➝ Buy
11/24/2025	VET Vermilion Energy	Boost Price Target	C$13.00	C$12.50 ➝ C$13.00	Hold
11/20/2025	MRU Metro	Set Price Target	C$100.00	C$105.00	Hold
11/20/2025	SIA Sienna Senior Living	Boost Price Target	C$20.00	C$21.00 ➝ C$23.00	Buy
11/17/2025	STN Stantec	Reiterated Rating	$95.00		Buy ➝ Buy
11/17/2025	PEYUF Peyto Exploration & Development	Reiterated Rating	$16.00		Hold ➝ Hold
11/17/2025	WNGRF George Weston	Reiterated Rating	$69.00		Buy ➝ Buy
11/17/2025	FRHLF Freehold Royalties	Reiterated Rating	$11.00		Hold ➝ Hold
11/17/2025	FRRPF Fiera Capital	Reiterated Rating	$4.00		Hold ➝ Hold
11/14/2025	NPIFF Northland Power	Downgrade	$12.00		Hold
11/13/2025	NPI Northland Power	Downgrade	C$17.00		Moderate Buy ➝ Hold
11/11/2025	NTIOF National Bank of Canada	Upgrade	$124.00		Hold ➝ Moderate Buy
11/11/2025	NA National Bank of Canada	Upgrade	C$172.00		Hold ➝ Moderate Buy
11/7/2025	BCE BCE	Boost Price Target	C$32.00	C$41.00 ➝ C$42.00	Sector Perform
11/7/2025	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$234.00	C$236.00 ➝ C$239.00	Buy
11/7/2025	CTC.A Canadian Tire	Boost Price Target	C$171.00	C$185.00 ➝ C$190.00
11/7/2025	CAS Cascades	Boost Price Target	C$12.00	C$10.50 ➝ C$13.50	Hold
11/7/2025	WSP WSP Global	Lower Price Target	C$242.00	C$313.00 ➝ C$306.00	Buy
11/6/2025	ATX ATEX Resources	Upgrade	C$3.00		Moderate Buy
11/4/2025	GIB.A CGI	Lower Price Target	C$128.00	C$169.00 ➝ C$160.00	Buy
11/4/2025	BYD Boyd Group Services	Upgrade	C$238.00		Moderate Buy
11/3/2025	CCA Cogeco Communications	Lower Price Target	C$67.00	C$173.00 ➝ C$171.00	Hold
11/3/2025	TFII TFI International	Lower Price Target	C$134.00	C$161.00 ➝ C$157.00	Buy
10/31/2025	AEGXF Aecon Group	Downgrade	$19.00		Buy ➝ Hold
10/31/2025	ARE Aecon Group	Downgrade	C$28.00	C$22.00 ➝ C$35.00	Buy ➝ Hold
10/31/2025	AP.UN Allied Properties Real Estate Investment Trust	Lower Price Target	C$13.00	C$18.00 ➝ C$15.50	Sell
10/30/2025	CNSWF Constellation Software	Upgrade	$2,379.00		Moderate Buy
10/30/2025	CSU Constellation Software	Upgrade	C$3,310.00		Moderate Buy
10/30/2025	AAV Advantage Energy	Lower Price Target	C$13.00	C$15.00 ➝ C$14.50	Buy
10/30/2025	AD.UN Alaris Equity Partners Income Trust (AD.UN)	Boost Price Target	C$20.00	C$24.50 ➝ C$25.00	Buy
10/30/2025	DBM Doman Building Materials Group	Set Price Target	C$9.00	C$11.00	Buy
10/29/2025	CWXZF Doman Building Materials Group	Initiated Coverage	$7.00		Buy
10/29/2025	VNP 5N Plus	Boost Price Target	C$20.00	C$17.50 ➝ C$23.00	Buy
10/29/2025	BEP Brookfield Renewable Partners	Boost Price Target	$28.00	$42.00 ➝ $46.00	Hold
10/29/2025	FSZ Fiera Capital	Boost Price Target	C$6.00	C$6.23 ➝ C$6.50	Hold
10/29/2025	DBM Doman Building Materials Group	Upgrade	C$9.00		Moderate Buy
10/28/2025	BLX Boralex	Lower Price Target	C$24.00	C$45.00 ➝ C$43.00	Top Pick
10/27/2025	AFN Ag Growth International	Lower Price Target	C$22.00	C$49.00 ➝ C$47.00	Buy
10/27/2025	GIL Gildan Activewear	Boost Price Target	$58.00	$80.00 ➝ $95.00	Buy
10/24/2025	APR.UN Automotive Properties Real Est Invt TR	Lower Price Target	C$11.00	C$13.00 ➝ C$12.50	Buy
10/24/2025	DFY Definity Financial	Lower Price Target	C$71.00	C$80.00 ➝ C$70.00	Hold
10/24/2025	IFC Intact Financial	Lower Price Target	C$277.00	C$335.00 ➝ C$305.00	Buy
10/24/2025	RCI.B Rogers Communications	Boost Price Target	C$52.00	C$53.00 ➝ C$56.00	Buy
10/24/2025	SVI StorageVault Canada	Boost Price Target	C$5.00	C$5.00 ➝ C$6.00	Buy
10/24/2025	TSU Trisura Group	Set Price Target	C$39.00	C$54.00	Buy
10/24/2025	WCP Whitecap Resources	Boost Price Target	C$12.00	C$13.00 ➝ C$13.50	Buy
10/23/2025	POW Power Co. of Canada	Boost Price Target	C$70.00	C$60.00 ➝ C$65.00	Buy
10/23/2025	ZDC Zedcor	Set Price Target	C$6.00	C$7.50	Buy
10/22/2025	CIA Champion Iron	Upgrade	C$5.00		Moderate Buy
10/22/2025	ZDC Zedcor	Upgrade	C$6.00		Moderate Buy
10/22/2025	CPX Capital Power	Boost Price Target	C$62.00	C$80.00 ➝ C$83.00	Buy
10/22/2025	EMA Emera	Boost Price Target	C$66.00	C$64.00 ➝ C$68.00	Hold
10/22/2025	FTS Fortis	Boost Price Target	C$71.00	C$76.00 ➝ C$79.00	Buy
10/22/2025	TA TransAlta	Boost Price Target	C$20.00	C$16.50 ➝ C$21.00	Hold
10/20/2025	GCL Colabor Group	Lower Price Target	C$0.00	C$1.50 ➝ C$0.50	Buy
10/20/2025	EFX Enerflex	Boost Price Target	C$20.00	C$14.50 ➝ C$17.50	Sector Perform
10/16/2025	NVA NuVista Energy	Upgrade	C$19.00		Hold ➝ Moderate Buy
10/16/2025	TVE Tamarack Valley Energy	Upgrade	C$8.00		Hold ➝ Moderate Buy
10/16/2025	VET Vermilion Energy	Downgrade	C$13.00		Moderate Buy ➝ Hold
10/16/2025	VET Vermilion Energy	Downgrade	$9.00		Moderate Buy ➝ Hold
10/15/2025	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$234.00	C$186.00 ➝ C$236.00	Buy
10/15/2025	GWO Great-West Lifeco	Boost Price Target	C$63.00	C$55.00 ➝ C$60.00	Hold
10/15/2025	IAG iA Financial	Boost Price Target	C$166.00	C$149.00 ➝ C$163.00	Hold
10/15/2025	MFC Manulife Financial	Boost Price Target	C$49.00	C$48.00 ➝ C$52.00	Buy
10/15/2025	SLF Sun Life Financial	Boost Price Target	C$81.00	C$90.00 ➝ C$94.00	Buy
10/14/2025	NPI Northland Power	Lower Price Target	C$17.00	C$28.00 ➝ C$27.00	Buy
10/10/2025	ATZ Aritzia	Boost Price Target	C$111.00	C$91.00 ➝ C$95.00