Scotiabank Stock Recommendations and Price Targets

This is a list of recent ratings by Scotiabank.

DateCompany NameActionCurrent
Price
Price
Target
Rating
7/24/2026
TRRSF
Trisura Group
Reiterated Rating$30.00Sector Perform ➝ Sector Perform
7/24/2026
SISXF
Savaria
Reiterated Rating$22.00Outperform ➝ Outperform
7/24/2026
RUSMF
Russel Metals
Reiterated Rating$50.00Outperform ➝ Outperform
7/24/2026
NFYEF
NFI Group
Reiterated Rating$18.00Outperform ➝ Outperform
7/24/2026
DOO
BRP
Reiterated Rating$60.00Sector Perform ➝ Sector Perform
7/24/2026
CADNF
Cascades
Reiterated Rating$9.00Outperform ➝ Outperform
7/24/2026
PWCDF
Power Co. of Canada
Reiterated Rating$66.00Outperform ➝ Outperform
7/24/2026
IFCZF
Intact Financial
Reiterated Rating$208.00Outperform ➝ Outperform
7/24/2026
FRFHF
Fairfax Financial
Reiterated Rating$1,646.00Outperform ➝ Outperform
7/24/2026
FSV
FirstService
Set Price Target$137.00 $170.00
7/24/2026
BBUC
Brookfield Business
Set Price Target$31.00 $40.50
7/24/2026
CMCSA
Comcast
Set Price Target$22.00 $29.00
7/24/2026
COLD
Americold Realty Trust
Set Price Target$14.00 $15.00
7/24/2026
MTL
Mullen Group
Boost Price TargetC$29.00C$24.00 ➝ C$29.00
7/23/2026
ALS
Altius Minerals
UpgradeC$58.00Hold
7/23/2026
PLD
Prologis
Boost Price Target$147.00$146.00 ➝ $150.00Sector Perform ➝ Sector Perform
7/21/2026
TWMIF
Tidewater Midstream and Infrastructure
Reiterated Rating$15.00Sector Perform ➝ Sector Perform
7/21/2026
TRP
TC Energy
Reiterated Rating$71.00Outperform ➝ Outperform
7/21/2026
KEYUF
Keyera
Reiterated Rating$43.00Outperform ➝ Outperform
7/21/2026
GBNXF
Gibson Energy
Reiterated Rating$22.00Sector Perform ➝ Sector Perform
7/21/2026
ENB
Enbridge
Reiterated Rating$57.00Outperform ➝ Outperform
7/21/2026
CDUAF
Canadian Utilities
Reiterated Rating$40.00Sector Perform ➝ Sector Perform
7/21/2026
ATGFF
AltaGas
Reiterated Rating$41.00Outperform ➝ Outperform
7/21/2026
ACLLF
ATCO
Reiterated Rating$57.00Sector Perform ➝ Sector Perform
7/21/2026
SOBO
South Bow
Boost Price Target$38.00$36.00 ➝ $39.00Sector Perform ➝ Sector Perform
7/21/2026
SLG
SL Green Realty
Reiterated Rating$55.00$53.00 ➝ $56.00Outperform ➝ Outperform
7/21/2026
KRC
Kilroy Realty
Boost Price Target$39.00$38.00 ➝ $41.00Sector Perform ➝ Sector Perform
7/21/2026
DEI
Douglas Emmett
Boost Price Target$12.00$12.00 ➝ $13.00Sector Perform ➝ Sector Perform
7/21/2026
BXP
BXP
Boost Price Target$69.00$70.00 ➝ $74.00Outperform ➝ Outperform
7/21/2026
CPAC
Cementos Pacasmayo S.A.A.
Boost Price Target$12.00$12.80 ➝ $13.00Sector Perform ➝ Sector Perform
7/21/2026
BL
BlackLine
Downgrade$29.00Outperform
7/21/2026
SIND
Sinda
Initiated Coverage$14.00 $19.00Sector Outperform
7/21/2026
TWM
Tidewater Midstream and Infrastructure
Boost Price TargetC$21.00C$17.00 ➝ C$21.00Sector Perform
7/21/2026
GEI
Gibson Energy
Boost Price TargetC$31.00C$29.00 ➝ C$31.00Sector Perform
7/21/2026
VNO
Vornado Realty Trust
Boost Price Target$40.00$38.00 ➝ $40.00Sector Perform ➝ Sector Perform
7/21/2026
SLG
SL Green Realty
Boost Price Target$55.00$53.00 ➝ $56.00Sector Outperform ➝ Sector Outperform
7/21/2026
CU
Canadian Utilities
Boost Price TargetC$56.00C$50.00 ➝ C$53.00Sector Perform
7/21/2026
ALA
AltaGas
Boost Price TargetC$57.00C$57.00 ➝ C$62.00Sector Outperform
7/21/2026
KEY
Keyera
Boost Price TargetC$61.00C$65.00 ➝ C$66.00Sector Outperform
7/21/2026
PPL
Pembina Pipeline
DowngradeC$72.00C$69.00 ➝ C$73.00Sector Outperform ➝ Hold
7/21/2026
EMA
Emera
Boost Price TargetC$78.00C$78.00 ➝ C$80.00Sector Outperform
7/21/2026
ACO.X
ATCO
Boost Price TargetC$80.00C$70.00 ➝ C$79.00Sector Perform
7/21/2026
ENB
Enbridge
Boost Price TargetC$80.00C$78.00 ➝ C$84.00Sector Outperform
7/21/2026
TRP
TC Energy
Boost Price TargetC$100.00C$97.00 ➝ C$105.00Sector Outperform
7/20/2026
PBA
Pembina Pipeline
Downgrade$51.00Sector Outperform ➝ Sector Perform
7/20/2026
LIMAF
Linamar
Reiterated Rating$72.00Sector Perform ➝ Sector Perform
7/20/2026
VALE
Vale
Lower Price Target$15.00$19.00 ➝ $16.00Sector Perform ➝ Sector Perform
7/20/2026
MGA
Magna International
Boost Price Target$66.00$72.00 ➝ $74.00Sector Outperform ➝ Sector Outperform
7/20/2026
LNR
Linamar
Boost Price TargetC$102.00C$99.00 ➝ C$102.00Sector Perform
7/17/2026
TPZEF
Topaz Energy
Reiterated Rating$23.00Outperform ➝ Outperform
7/17/2026
TRMLF
Tourmaline Oil
Reiterated Rating$46.00Outperform ➝ Outperform
7/17/2026
PREKF
PrairieSky Royalty
Reiterated Rating$25.00Sector Perform ➝ Sector Perform
7/17/2026
PRMRF
Paramount Resources
Reiterated Rating$22.00Sector Perform ➝ Sector Perform
7/17/2026
IMO
Imperial Oil
Reiterated Rating$128.00Sector Perform ➝ Sector Perform
7/17/2026
IPCFF
International Petroleum
Upgrade$22.00Sector Perform ➝ Outperform
7/17/2026
MER
Meren Energy
DowngradeC$2.00 C$2.50Strong-Buy ➝ Hold
7/17/2026
IPCO
International Petroleum
Set Price TargetC$32.00 C$38.00Sector Outperform
7/16/2026
MLLGF
Mullen Group
Reiterated Rating$20.00Sector Perform ➝ Sector Perform
7/16/2026
EIFZF
Exchange Income
Reiterated Rating$89.00Outperform ➝ Outperform
7/16/2026
CHRRF
Chorus Aviation
Reiterated Rating$17.00Outperform ➝ Outperform
7/16/2026
CGJTF
Cargojet
Reiterated Rating$60.00Outperform ➝ Outperform
7/16/2026
CP
Canadian Pacific Kansas City
Reiterated Rating$92.00Outperform ➝ Outperform
7/16/2026
BDRBF
Bombardier
Reiterated Rating$260.00Outperform ➝ Outperform
7/16/2026
ACDVF
Air Canada
Reiterated Rating$17.00Sector Perform ➝ Sector Perform
7/16/2026
JNJ
Johnson & Johnson
Reiterated Rating$263.00 $305.00Outperform ➝ Outperform
7/16/2026
FNLPF
Fresnillo
Upgrade$33.00Strong Sell ➝ Hold
7/16/2026
TFII
TFI International
Upgrade$151.00Sector Perform ➝ Sector Outperform
7/16/2026
EIF
Exchange Income
Boost Price TargetC$126.00C$129.00 ➝ C$145.00
7/16/2026
CP
Canadian Pacific Kansas City
Boost Price TargetC$130.00C$122.00 ➝ C$143.00Hold ➝ Strong-Buy
7/16/2026
CNR
Canadian National Railway
Boost Price TargetC$183.00C$162.00 ➝ C$194.00
7/16/2026
TFII
TFI International
UpgradeC$212.00C$200.00 ➝ C$260.00Sector Perform ➝ Sector Outperform
7/16/2026
WM
Waste Management
Boost Price Target$239.00$250.00 ➝ $260.00Sector Perform ➝ Sector Perform
7/16/2026
BBD.A
Bombardier
Boost Price TargetC$367.00C$330.00 ➝ C$380.00
7/15/2026
VST
Vistra
Boost Price Target$163.00$293.00 ➝ $298.00Outperform ➝ Outperform
7/15/2026
NRG
NRG Energy
Boost Price Target$141.00$223.00 ➝ $226.00Outperform ➝ Outperform
7/15/2026
SLF
Sun Life Financial
Reiterated Rating$82.00Sector Perform ➝ Sector Perform
7/15/2026
MFC
Manulife Financial
Reiterated Rating$44.00Outperform ➝ Outperform
7/15/2026
IAFNF
iA Financial
Reiterated Rating$144.00Sector Perform ➝ Sector Perform
7/15/2026
GWLIF
Great-West Lifeco
Reiterated Rating$65.00Outperform ➝ Outperform
7/15/2026
ABEV
Ambev
Downgrade$3.00Sector Outperform ➝ Sector Perform
7/15/2026
T
AT&T
Lower Price Target$24.00$31.00 ➝ $29.25Sector Perform ➝ Sector Perform
7/15/2026
CMCSA
Comcast
Lower Price Target$22.00$36.00 ➝ $32.75Sector Perform ➝ Sector Perform
7/15/2026
VZ
Verizon Communications
Lower Price Target$46.00$54.50 ➝ $51.50Sector Outperform ➝ Sector Outperform
7/15/2026
MFC
Manulife Financial
Boost Price TargetC$62.00C$56.00 ➝ C$61.00Sector Outperform
7/15/2026
GWO
Great-West Lifeco
Boost Price TargetC$92.00C$83.00 ➝ C$95.00Sector Outperform
7/15/2026
SLF
Sun Life Financial
Boost Price TargetC$116.00C$98.00 ➝ C$111.00Sector Perform
7/15/2026
NRG
NRG Energy
Boost Price Target$141.00$223.00 ➝ $226.00Sector Outperform ➝ Sector Outperform
7/15/2026
VST
Vistra
Boost Price Target$163.00$293.00 ➝ $298.00Sector Outperform ➝ Sector Outperform
7/15/2026
TMUS
T-Mobile US
Lower Price Target$180.00$263.00 ➝ $243.00Sector Outperform ➝ Sector Outperform
7/15/2026
IAG
iA Financial
Boost Price TargetC$205.00C$168.00 ➝ C$198.52Sector Perform
7/15/2026
TLN
Talen Energy
Boost Price Target$360.00$463.00 ➝ $470.00Sector Perform ➝ Sector Perform
7/14/2026
CX
Cemex
Boost Price Target$12.00$14.10 ➝ $14.50Outperform ➝ Outperform
7/14/2026
SSMR
Sunshine Silver Mining & Refining
Boost Price Target$14.00$20.00 ➝ $21.00Outperform ➝ Outperform
7/14/2026
RGLD
Royal Gold
Reiterated Rating$201.00 $310.00Sector Perform ➝ Sector Perform
7/14/2026
MTA
Metalla Royalty & Streaming
Lower Price Target$8.00$9.00 ➝ $8.50Sector Perform ➝ Sector Perform
7/14/2026
GROY
Gold Royalty
Lower Price Target$3.00$6.00 ➝ $5.75Outperform ➝ Outperform
7/14/2026
FNV
Franco-Nevada
Lower Price Target$215.00$290.00 ➝ $274.00Sector Perform ➝ Sector Perform
7/14/2026
CDE
Coeur Mining
Reiterated Rating$15.00 $28.50Outperform ➝ Outperform
7/14/2026
AG
First Majestic Silver
Lower Price Target$16.00$23.00 ➝ $22.50Sector Perform ➝ Sector Perform
7/14/2026
PAAS
Pan American Silver
Reiterated Rating$44.00Outperform ➝ Outperform