Scotia Stock Recommendations and Price Targets

This is a list of recent ratings by Scotia.

Date	Company Name	Action	Current Price	Price Target	Rating
5/13/2026	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$94.00	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$16.00	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	$23.00	$50.00 ➝ $40.00	Sector Outperform
5/8/2026	SRU.UN SmartCentres Real Estate Investment Trst	Boost Price Target	C$28.00	C$27.50 ➝ C$28.50	Sector Perform
5/8/2026	MFI Maple Leaf Foods	Boost Price Target	C$28.00	C$32.00 ➝ C$36.00	Sector Outperform
5/8/2026	MDA MDA Space	Boost Price Target	C$52.00	C$49.00 ➝ C$53.00	Sector Outperform
5/8/2026	GWO Great-West Lifeco	Boost Price Target	C$76.00	C$78.00 ➝ C$83.00	Sector Outperform
5/8/2026	PBH Premium Brands	Boost Price Target	C$86.00	C$100.00 ➝ C$110.00	Sector Outperform
5/8/2026	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$90.00	C$100.00 ➝ C$105.00	Sector Outperform
5/7/2026	SIA Sienna Senior Living	Boost Price Target	C$22.00	C$25.00 ➝ C$26.00	Sector Outperform
5/7/2026	CVE Cenovus Energy	Boost Price Target	C$41.00	C$38.00 ➝ C$44.00	Sector Outperform
5/7/2026	RUS Russel Metals	Boost Price Target	C$59.00	C$54.00 ➝ C$62.00	Sector Outperform
5/7/2026	L Loblaw Companies	Lower Price Target	C$60.00	C$70.00 ➝ C$64.00	Sector Perform
5/7/2026	BEI.UN Boardwalk Real Estate Investment Trust	Lower Price Target	C$63.00	C$75.50 ➝ C$74.50	Sector Perform
5/7/2026	ACO.X ATCO	Boost Price Target	C$69.00	C$67.00 ➝ C$70.00	Sector Perform
5/7/2026	QSR Restaurant Brands International	Boost Price Target	$76.00	$81.00 ➝ $83.00	Sector Perform
5/7/2026	LNR Linamar	Boost Price Target	C$97.00	C$96.00 ➝ C$99.00	Sector Perform
5/7/2026	IAG iA Financial	Lower Price Target	C$167.00	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$113.00	C$156.00 ➝ C$138.00	Sector Outperform
5/6/2026	CCO Cameco	Boost Price Target	C$158.00	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$37.00	C$47.00 ➝ C$44.00	Sector Outperform
4/30/2026	GIB.A CGI	Lower Price Target	C$85.00	C$120.00 ➝ C$110.00	Sector Perform
4/30/2026	CNR Canadian National Railway	Boost Price Target	C$153.00	C$160.00 ➝ C$162.00	Sector Outperform
4/30/2026	TIH Toromont Industries	Boost Price Target	C$223.00	C$208.00 ➝ C$229.00	Sector Perform
4/29/2026	GWO Great-West Lifeco	Boost Price Target	C$76.00	C$71.00 ➝ C$78.00
4/29/2026	IAG iA Financial	Boost Price Target	C$167.00	C$174.00 ➝ C$183.00
4/23/2026	RCI.B Rogers Communications	Upgrade	C$49.00	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$41.00	C$38.00	Sector Outperform
4/21/2026	SU Suncor Energy	Boost Price Target	C$91.00	C$85.00 ➝ C$90.00	Sector Perform
4/16/2026	SIS Savaria	Boost Price Target	C$27.00	C$30.00 ➝ C$33.00	Sector Outperform
4/16/2026	DOO BRP	Lower Price Target	C$75.00	C$117.00 ➝ C$80.00	Sector Perform
4/15/2026	AGF.B AGF Management	Lower Price Target	C$16.00	C$20.00 ➝ C$18.00	Sector Perform
4/15/2026	CIGI Colliers International Group	Lower Price Target	$99.00	$155.00 ➝ $150.00	Sector Outperform