Scotia Stock Recommendations and Price Targets

This is a list of recent ratings by Scotia.

Date	Company Name	Action	Current Price	Price Target	Rating
5/28/2026	MDA MDA Space	Boost Price Target	C$61.00	C$53.00 ➝ C$70.00	Sector Outperform
5/28/2026	BBD.A Bombardier	Boost Price Target	C$311.00	C$305.00 ➝ C$330.00	Sector Outperform
5/25/2026	LAC Lithium Americas	Lower Price Target	$5.00	$5.00 ➝ $4.50	Sector Perform
5/22/2026	CAE CAE	Lower Price Target	C$36.00	C$56.00 ➝ C$50.00	Sector Outperform
5/15/2026	LAC Lithium Americas	Boost Price Target	C$7.00	C$8.50 ➝ C$11.00	Sector Outperform
5/15/2026	NPI Northland Power	Boost Price Target	C$24.00	C$23.00 ➝ C$25.00	Sector Perform
5/15/2026	BN Brookfield	Boost Price Target	$46.00	$48.50 ➝ $53.00	Sector Outperform
5/15/2026	KEY Keyera	Boost Price Target	C$57.00	C$55.00 ➝ C$60.00	Sector Outperform
5/15/2026	QBR.B Quebecor	Boost Price Target	C$67.00	C$54.50 ➝ C$58.00	Sector Perform
5/15/2026	STN Stantec	Lower Price Target	C$104.00	C$146.00 ➝ C$138.00	Sector Outperform
5/14/2026	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$17.00	C$17.00 ➝ C$19.00	Sector Perform
5/14/2026	H Hydro One	Boost Price Target	C$57.00	C$53.00 ➝ C$58.00	Sector Perform
5/14/2026	POW Power Co. of Canada	Boost Price Target	C$83.00	C$79.00 ➝ C$90.00	Sector Outperform
5/14/2026	BYD Boyd Group Services	Lower Price Target	C$153.00	C$239.00 ➝ C$231.00	Sector Outperform
5/13/2026	CRT.UN CT Real Estate Investment Trust	Boost Price Target	C$18.00	C$17.00 ➝ C$18.50	Sector Perform
5/13/2026	WN George Weston	Lower Price Target	C$97.00	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$17.00	C$9.00 ➝ C$17.00	Sector Perform
5/8/2026	KMP.UN Killam Apartment REIT	Boost Price Target	C$18.00	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$29.00	C$27.50 ➝ C$28.50	Sector Perform
5/8/2026	MFI Maple Leaf Foods	Boost Price Target	C$30.00	C$32.00 ➝ C$36.00	Sector Outperform
5/8/2026	MDA MDA Space	Boost Price Target	C$61.00	C$49.00 ➝ C$53.00	Sector Outperform
5/8/2026	GWO Great-West Lifeco	Boost Price Target	C$80.00	C$78.00 ➝ C$83.00	Sector Outperform
5/8/2026	PBH Premium Brands	Boost Price Target	C$91.00	C$100.00 ➝ C$110.00	Sector Outperform
5/8/2026	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$96.00	C$100.00 ➝ C$105.00	Sector Outperform
5/7/2026	SIA Sienna Senior Living	Boost Price Target	C$21.00	C$25.00 ➝ C$26.00	Sector Outperform
5/7/2026	CVE Cenovus Energy	Boost Price Target	C$38.00	C$38.00 ➝ C$44.00	Sector Outperform
5/7/2026	RUS Russel Metals	Boost Price Target	C$62.00	C$54.00 ➝ C$62.00	Sector Outperform
5/7/2026	L Loblaw Companies	Lower Price Target	C$62.00	C$70.00 ➝ C$64.00	Sector Perform
5/7/2026	BEI.UN Boardwalk Real Estate Investment Trust	Lower Price Target	C$64.00	C$75.50 ➝ C$74.50	Sector Perform
5/7/2026	ACO.X ATCO	Boost Price Target	C$68.00	C$67.00 ➝ C$70.00	Sector Perform
5/7/2026	QSR Restaurant Brands International	Boost Price Target	$75.00	$81.00 ➝ $83.00	Sector Perform
5/7/2026	LNR Linamar	Boost Price Target	C$102.00	C$96.00 ➝ C$99.00	Sector Perform
5/7/2026	IAG iA Financial	Lower Price Target	C$172.00	C$183.00 ➝ C$168.00	Sector Perform
5/6/2026	REI.UN RioCan Real Estate Investment Trust	Boost Price Target	C$22.00	C$20.50 ➝ C$22.25	Sector Perform
5/6/2026	X TMX Group	Boost Price Target	C$52.00	C$70.00 ➝ C$71.00	Sector Outperform
5/6/2026	TRI Thomson Reuters	Lower Price Target	C$120.00	C$156.00 ➝ C$138.00	Sector Outperform
5/6/2026	CCO Cameco	Boost Price Target	C$155.00	C$150.00 ➝ C$175.00	Sector Outperform
4/30/2026	WCP Whitecap Resources	Boost Price Target	C$16.00	C$17.00 ➝ C$19.00	Sector Outperform
4/30/2026	FM First Quantum Minerals	Lower Price Target	C$42.00	C$47.00 ➝ C$44.00	Sector Outperform
4/30/2026	GIB.A CGI	Lower Price Target	C$96.00	C$120.00 ➝ C$110.00	Sector Perform
4/30/2026	CNR Canadian National Railway	Boost Price Target	C$163.00	C$160.00 ➝ C$162.00	Sector Outperform
4/30/2026	TIH Toromont Industries	Boost Price Target	C$227.00	C$208.00 ➝ C$229.00	Sector Perform
4/29/2026	GWO Great-West Lifeco	Boost Price Target	C$80.00	C$71.00 ➝ C$78.00
4/29/2026	IAG iA Financial	Boost Price Target	C$172.00	C$174.00 ➝ C$183.00
4/23/2026	RCI.B Rogers Communications	Upgrade	C$53.00	C$57.75 ➝ C$60.50	Sector Perform ➝ Sector Outperform
4/23/2026	MRU Metro	Lower Price Target	C$88.00	C$103.00 ➝ C$96.00	Sector Perform
4/21/2026	CVE Cenovus Energy	Set Price Target	C$38.00	C$38.00	Sector Outperform
4/21/2026	SU Suncor Energy	Boost Price Target	C$86.00	C$85.00 ➝ C$90.00	Sector Perform
4/16/2026	SIS Savaria	Boost Price Target	C$28.00	C$30.00 ➝ C$33.00	Sector Outperform
4/16/2026	DOO BRP	Lower Price Target	C$80.00	C$117.00 ➝ C$80.00	Sector Perform
4/15/2026	AGF.B AGF Management	Lower Price Target	C$17.00	C$20.00 ➝ C$18.00	Sector Perform
4/15/2026	CIGI Colliers International Group	Lower Price Target	$94.00	$155.00 ➝ $150.00	Sector Outperform