Scotia Stock Recommendations and Price Targets

This is a list of recent ratings by Scotia.

Date	Company Name	Action	Current Price	Price Target	Rating
10/7/2026	DFY Definity Financial	Lower Price Target	C$68.00	C$84.00 ➝ C$83.00	Sector Perform
10/7/2026	IFC Intact Financial	Lower Price Target	C$242.00	C$325.00 ➝ C$315.00	Sector Outperform
10/6/2026	CVO Coveo Solutions	Set Price Target	C$5.00	C$5.00	Sector Perform
10/2/2026	OVV Ovintiv	Boost Price Target	$65.00	$70.00 ➝ $75.00	Sector Outperform
9/24/2026	KGC Kinross Gold	Lower Price Target	$24.00	$41.00 ➝ $39.00	Sector Outperform
9/11/2026	TRZ Transat A.T.	Lower Price Target	C$2.00	C$2.00 ➝ C$1.65	Sector Underperform
9/11/2026	EMP.A Empire	Lower Price Target	C$49.00	C$50.00 ➝ C$48.00	Sector Perform
9/11/2026	DSGX The Descartes Systems Group	Boost Price Target	$84.00	$95.00 ➝ $98.00	Sector Outperform
9/10/2026	DRM Dream Unlimited	Set Price Target	C$17.00	C$25.00	Sector Outperform
9/9/2026	IVN Ivanhoe Mines	Boost Price Target	C$12.00	C$13.00 ➝ C$13.50	Sector Perform
9/4/2026	KEY Keyera	Boost Price Target	C$55.00	C$88.00 ➝ C$92.00	Sector Perform
9/3/2026	ATD Alimentation Couche-Tard	Lower Price Target	C$78.00	C$104.00 ➝ C$102.00	Sector Outperform
9/2/2026	EMP.A Empire	Lower Price Target	C$49.00	C$52.00 ➝ C$50.00	Sector Perform
8/28/2026	RY Royal Bank of Canada	Boost Price Target	C$274.00	C$311.00 ➝ C$312.00	Sector Outperform
8/26/2026	BMO Bank of Montreal	Boost Price Target	C$232.00	C$268.00 ➝ C$270.00	Sector Outperform
8/19/2026	AC Air Canada	Boost Price Target	C$23.00	C$33.50 ➝ C$37.50	Sector Outperform
8/19/2026	ATD Alimentation Couche-Tard	Lower Price Target	C$78.00	C$107.00 ➝ C$104.00	Sector Outperform
8/14/2026	CAS Cascades	Boost Price Target	C$18.00	C$16.00 ➝ C$20.50	Sector Outperform
8/14/2026	TWM Tidewater Midstream and Infrastructure	Boost Price Target	C$25.00	C$21.00 ➝ C$26.00	Sector Perform
8/14/2026	BN Brookfield	Boost Price Target	$37.00	$53.00 ➝ $54.00	Sector Outperform
8/14/2026	STN Stantec	Lower Price Target	C$95.00	C$133.00 ➝ C$129.00	Sector Outperform
8/14/2026	CTC.A Canadian Tire	Boost Price Target	C$192.00	C$180.00 ➝ C$200.00	Sector Perform
8/10/2026	BTO B2Gold	Upgrade	C$7.00	C$10.00	Sector Perform ➝ Sector Outperform
8/10/2026	SPB Superior Plus	Boost Price Target	C$7.00	C$8.50 ➝ C$9.00	Sector Perform
8/10/2026	CEU CES Energy Solutions	Boost Price Target	C$19.00	C$21.00 ➝ C$22.00	Sector Outperform
8/10/2026	ADEN ADENTRA	Boost Price Target	C$35.00	C$47.00 ➝ C$49.00	Sector Outperform
8/10/2026	SLF Sun Life Financial	Boost Price Target	C$110.00	C$110.00 ➝ C$118.00	Sector Perform
8/10/2026	WSP WSP Global	Lower Price Target	C$164.00	C$281.00 ➝ C$279.00	Sector Outperform
8/7/2026	KMP.UN Killam Apartment REIT	Boost Price Target	C$17.00	C$20.00 ➝ C$20.25	Sector Outperform
8/7/2026	OTEX Open Text	Lower Price Target	$24.00	$40.00 ➝ $33.00	Sector Outperform
8/7/2026	PRL Propel	Boost Price Target	C$24.00	C$27.00 ➝ C$29.00	Sector Perform
8/7/2026	POU Paramount Resources	Boost Price Target	C$32.00	C$34.00 ➝ C$36.00	Sector Perform
8/7/2026	BCE BCE	Boost Price Target	C$27.00	C$39.00 ➝ C$40.00	Sector Outperform
8/7/2026	MFC Manulife Financial	Boost Price Target	C$61.00	C$61.00 ➝ C$67.00	Sector Outperform
8/7/2026	CNQ Canadian Natural Resources	Boost Price Target	C$71.00	C$71.00 ➝ C$73.00	Sector Perform
8/7/2026	QBR.B Quebecor	Boost Price Target	C$62.00	C$63.50 ➝ C$66.00	Sector Perform
8/7/2026	QSR Restaurant Brands International	Lower Price Target	$71.00	$83.00 ➝ $81.00	Sector Perform
8/7/2026	PBH Premium Brands	Lower Price Target	C$71.00	C$110.00 ➝ C$105.00	Sector Outperform
8/6/2026	REI.UN RioCan Real Estate Investment Trust	Boost Price Target	C$21.00	C$22.25 ➝ C$22.50	Sector Perform
8/6/2026	CHR Chorus Aviation	Boost Price Target	C$29.00	C$31.00 ➝ C$33.50	Sector Outperform
8/6/2026	BAM Brookfield Asset Management	Boost Price Target	$46.00	$57.00 ➝ $59.00	Sector Outperform
8/6/2026	TRI Thomson Reuters	Lower Price Target	$104.00	$138.00 ➝ $135.00	Sector Outperform
8/6/2026	IAG iA Financial	Boost Price Target	C$205.00	C$198.52 ➝ C$223.00	Sector Perform
8/5/2026	DXT Dexterra Group	Boost Price Target	C$18.00	C$14.00 ➝ C$14.50	Sector Perform
8/5/2026	VNP 5N Plus	Lower Price Target	C$30.00	C$48.00 ➝ C$35.00	Sector Outperform
8/5/2026	IMO Imperial Oil	Lower Price Target	C$176.00	C$159.00 ➝ C$156.00	Sector Perform
7/31/2026	CIA Champion Iron	Lower Price Target	C$3.00	C$5.50 ➝ C$5.00	Sector Outperform
7/31/2026	GIL Gildan Activewear	Boost Price Target	$42.00	$65.00 ➝ $67.00	Sector Outperform
7/31/2026	L Loblaw Companies	Boost Price Target	C$63.00	C$64.00 ➝ C$67.00	Sector Perform
7/31/2026	CIGI Colliers International Group	Lower Price Target	$86.00	$150.00 ➝ $145.00	Sector Outperform
7/28/2026	TFII TFI International	Boost Price Target	$113.00	$260.00 ➝ $263.00	Sector Outperform
7/27/2026	CNR Canadian National Railway	Boost Price Target	C$168.00	C$194.00 ➝ C$199.00	Sector Outperform
7/13/2026	MTY MTY Food Group	Lower Price Target	C$31.00	C$45.00 ➝ C$40.00	Sector Perform
7/3/2026	PNG Kraken Robotics	Boost Price Target	C$4.00	C$9.00 ➝ C$12.00	Sector Outperform
7/3/2026	PPL Pembina Pipeline	Boost Price Target	C$68.00	C$65.00 ➝ C$69.00	Sector Outperform
7/3/2026	AEM Agnico Eagle Mines	Lower Price Target	$188.00	$280.00 ➝ $278.00	Sector Outperform
6/30/2026	NTR Nutrien	Upgrade	$68.00	$80.00	Sector Perform ➝ Sector Outperform
6/24/2026	KEL Kelt Exploration	Set Price Target	C$11.00	C$13.00	Sector Outperform
6/24/2026	ATD Alimentation Couche-Tard	Boost Price Target	C$78.00	C$94.00 ➝ C$107.00	Sector Outperform
6/17/2026	GIL Gildan Activewear	Lower Price Target	$42.00	$72.00 ➝ $65.00	Sector Outperform
6/11/2026	ATD Alimentation Couche-Tard	Boost Price Target	C$78.00	C$90.00 ➝ C$94.00	Sector Outperform
6/10/2026	TA TransAlta	Set Price Target	C$19.00	C$27.00	Sector Outperform
5/28/2026	MDA MDA Space	Boost Price Target	C$40.00	C$53.00 ➝ C$70.00	Sector Outperform
5/28/2026	BBD.A Bombardier	Boost Price Target	C$296.00	C$305.00 ➝ C$330.00	Sector Outperform
5/25/2026	LAC Lithium Americas	Lower Price Target	$2.00	$5.00 ➝ $4.50	Sector Perform
5/22/2026	CAE CAE	Lower Price Target	C$34.00	C$56.00 ➝ C$50.00	Sector Outperform
5/15/2026	LAC Lithium Americas	Boost Price Target	C$3.00	C$8.50 ➝ C$11.00	Sector Outperform
5/15/2026	NPI Northland Power	Boost Price Target	C$22.00	C$23.00 ➝ C$25.00	Sector Perform
5/15/2026	BN Brookfield	Boost Price Target	$37.00	$48.50 ➝ $53.00	Sector Outperform
5/15/2026	KEY Keyera	Boost Price Target	C$55.00	C$55.00 ➝ C$60.00	Sector Outperform
5/15/2026	QBR.B Quebecor	Boost Price Target	C$62.00	C$54.50 ➝ C$58.00	Sector Perform
5/15/2026	STN Stantec	Lower Price Target	C$95.00	C$146.00 ➝ C$138.00	Sector Outperform
5/14/2026	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$15.00	C$17.00 ➝ C$19.00	Sector Perform
5/14/2026	H Hydro One	Boost Price Target	C$51.00	C$53.00 ➝ C$58.00	Sector Perform
5/14/2026	POW Power Co. of Canada	Boost Price Target	C$89.00	C$79.00 ➝ C$90.00	Sector Outperform
5/14/2026	BYD Boyd Group Services	Lower Price Target	C$111.00	C$239.00 ➝ C$231.00	Sector Outperform
5/13/2026	CRT.UN CT Real Estate Investment Trust	Boost Price Target	C$17.00	C$17.00 ➝ C$18.50	Sector Perform
5/13/2026	WN George Weston	Lower Price Target	C$101.00	C$106.00 ➝ C$102.00	Sector Perform
5/8/2026	BTE Baytex Energy	Boost Price Target	C$7.00	C$6.50 ➝ C$7.50	Sector Outperform
5/8/2026	TWM Tidewater Midstream and Infrastructure	Boost Price Target	C$25.00	C$9.00 ➝ C$17.00	Sector Perform
5/8/2026	KMP.UN Killam Apartment REIT	Boost Price Target	C$17.00	C$19.50 ➝ C$20.00	Sector Outperform
5/8/2026	OTEX Open Text	Lower Price Target	$24.00	$50.00 ➝ $40.00	Sector Outperform
5/8/2026	SRU.UN SmartCentres Real Estate Investment Trst	Boost Price Target	C$26.00	C$27.50 ➝ C$28.50	Sector Perform
5/8/2026	MFI Maple Leaf Foods	Boost Price Target	C$25.00	C$32.00 ➝ C$36.00	Sector Outperform
5/8/2026	MDA MDA Space	Boost Price Target	C$40.00	C$49.00 ➝ C$53.00	Sector Outperform
5/8/2026	GWO Great-West Lifeco	Boost Price Target	C$89.00	C$78.00 ➝ C$83.00	Sector Outperform
5/8/2026	PBH Premium Brands	Boost Price Target	C$71.00	C$100.00 ➝ C$110.00	Sector Outperform
5/8/2026	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$84.00	C$100.00 ➝ C$105.00	Sector Outperform
5/7/2026	SIA Sienna Senior Living	Boost Price Target	C$19.00	C$25.00 ➝ C$26.00	Sector Outperform
5/7/2026	CVE Cenovus Energy	Boost Price Target	C$45.00	C$38.00 ➝ C$44.00	Sector Outperform
5/7/2026	RUS Russel Metals	Boost Price Target	C$90.00	C$54.00 ➝ C$62.00	Sector Outperform
5/7/2026	L Loblaw Companies	Lower Price Target	C$63.00	C$70.00 ➝ C$64.00	Sector Perform
5/7/2026	BEI.UN Boardwalk Real Estate Investment Trust	Lower Price Target	C$61.00	C$75.50 ➝ C$74.50	Sector Perform
5/7/2026	ACO.X ATCO	Boost Price Target	C$80.00	C$67.00 ➝ C$70.00	Sector Perform
5/7/2026	QSR Restaurant Brands International	Boost Price Target	$71.00	$81.00 ➝ $83.00	Sector Perform
5/7/2026	LNR Linamar	Boost Price Target	C$94.00	C$96.00 ➝ C$99.00	Sector Perform
5/7/2026	IAG iA Financial	Lower Price Target	C$205.00	C$183.00 ➝ C$168.00	Sector Perform
5/6/2026	REI.UN RioCan Real Estate Investment Trust	Boost Price Target	C$21.00	C$20.50 ➝ C$22.25	Sector Perform
5/6/2026	X TMX Group	Boost Price Target	C$53.00	C$70.00 ➝ C$71.00	Sector Outperform
5/6/2026	TRI Thomson Reuters	Lower Price Target	C$147.00	C$156.00 ➝ C$138.00	Sector Outperform