Industrial Alliance Securities Stock Recommendations and Price Targets

This is a list of recent ratings by Industrial Alliance Securities.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
7/14/2025	PZG Paramount Gold Nevada	Set Price Target	$1.00	$1.70		N/A
7/11/2025	APH Amphenol	Set Price Target	$100.00	$115.00		Medium
7/11/2025	GNTX Gentex	Set Price Target	$23.00	$25.00		Low
7/11/2025	GM General Motors	Set Price Target	$53.00	$70.00		Low
7/1/2025	PDCC Pearl Diver Credit	Set Price Target	$18.00	$19.50		Low
6/2/2025	PLUR Pluri	Set Price Target	$5.00	$12.00		Low
5/27/2025	MSM MSC Industrial Direct	Set Price Target	$89.00	$89.00		Medium
5/20/2025	VVOS Vivos Therapeutics	Set Price Target	$7.00	$2.25		Low
4/30/2025	BRSP BrightSpire Capital	Set Price Target	$5.00	$6.50		High
4/25/2025	PINE Alpine Income Property Trust	Set Price Target	$15.00	$19.00		Low
4/22/2025	WALD Waldencast	Set Price Target	$2.00	$5.00		Medium
4/1/2025	IIPR Innovative Industrial Properties	Reiterated Rating	$56.00		Neutral ➝ Neutral	Medium
3/28/2025	SACH Sachem Capital	Set Price Target	$1.00	$1.25		N/A
3/27/2025	BITF Bitfarms	Set Price Target	$1.00	$3.25		Low
3/27/2025	DERM Journey Medical	Set Price Target	$8.00	$10.50		High
3/25/2025	DFLI Dragonfly Energy	Set Price Target	$0.00	$1.50		High
3/25/2025	REXR Rexford Industrial Realty	Set Price Target	$37.00	$38.00		Low
3/19/2025	ATER Aterian	Set Price Target	$1.00	$4.00		Low
3/18/2025	IIPR Innovative Industrial Properties	Set Price Target	$56.00	$60.00		Medium
3/14/2025	ASRT Assertio	Set Price Target	$1.00	$1.75		Low
3/7/2025	REI Ring Energy	Set Price Target	$1.00	$2.50		N/A
3/7/2025	AMPY Amplify Energy	Set Price Target	$3.00	$8.50		High
3/6/2025	TPB Turning Point Brands	Set Price Target	$73.00	$85.00		Low
3/6/2025	YMM Full Truck Alliance	Set Price Target	$13.00	$18.00		Low
3/5/2025	BWEN Broadwind Energy	Set Price Target	$2.00	$3.00		Low
3/3/2025	ALG Alamo Group	Set Price Target	$222.00	$217.00		Low
3/3/2025	WKSP Worksport	Set Price Target	$4.00	$17.50		High
10/18/2024	REXR Rexford Industrial Realty	Set Price Target	$37.00	$55.00		Low
9/20/2023	NPI Northland Power	Boost Price Target	C$23.00	C$38.00 ➝ C$39.00	Buy	N/A
9/5/2023	ALYA Alithya Group	Set Price Target	C$2.00	C$3.50	Buy	N/A
8/31/2023	SYZ Sylogist	Set Price Target	C$9.00	C$11.00	Buy	N/A
8/31/2023	CMG Computer Modelling Group	Set Price Target	C$7.00	C$9.50	Buy	N/A
8/31/2023	TCS Tecsys	Set Price Target	C$39.00	C$45.00	Buy	N/A
8/31/2023	CGY Calian Group	Set Price Target	C$51.00	C$75.00	Buy	N/A
8/30/2023	CRE Critical Elements Lithium	Lower Price Target	C$1.00	C$5.00 ➝ C$4.30	Speculative Buy	N/A
8/8/2023	TA TransAlta	Boost Price Target	C$16.00	C$17.00 ➝ C$17.50	Strong-Buy	N/A
8/3/2023	CPX Capital Power	Upgrade	C$58.00	C$51.00	Hold ➝ Buy	N/A
7/28/2023	ARE Aecon Group	Lower Price Target	C$20.00	C$18.00 ➝ C$16.00	Buy	N/A
12/2/2022	TRP TC Energy	Reiterated Rating	C$66.00	C$64.00	Buy ➝ Hold	N/A
11/28/2022	TRSWF TransAlta Renewables	Upgrade	$9.00		Hold ➝ Buy	Low
9/29/2022	WPNDF Wishpond Technologies	Initiated Coverage	$0.00	$1.50	Buy	Low
9/29/2022	LSPD Lightspeed Commerce	Initiated Coverage	$12.00		Buy	Low
9/26/2022	PBA Pembina Pipeline	Upgrade	$37.00		Hold ➝ Buy	Low
9/26/2022	PPL Pembina Pipeline	Reiterated Rating	C$51.00	C$49.00	Buy	N/A
9/23/2022	BRLXF Boralex	Upgrade	$23.00		Hold ➝ Buy	Low
9/19/2022	CWYUF SmartCentres Real Estate Investment Trust	Initiated Coverage	$19.00		Hold	Low
9/19/2022	FCXXF First Capital Real Estate Investment Trust	Initiated Coverage	C$13.00	C$19.00	Buy	Low
9/19/2022	PPRQF Choice Properties Real Estate Investment Trust	Initiated Coverage	C$11.00	C$16.50	Buy	Low
8/16/2022	SAWLF Shawcor	Upgrade	C$9.00	C$7.75 ➝ C$8.50	Buy	Low
8/3/2022	ENB Enbridge	Upgrade	C$45.00	C$60.00	Hold ➝ Buy	Low
8/3/2022	BIRDF Bird Construction	Downgrade	$22.00		Buy ➝ Hold	Low