Scotiabank Stock Recommendations and Price Targets

This is a list of recent ratings by Scotiabank.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
10/20/2021	CADNF Cascades	Boost Price Target	C$13.00	C$20.50 ➝ C$22.75	Outperform	Low
10/20/2021	CROMF Crombie Real Estate Investment Trust	Boost Price Target	C$14.00	C$19.50 ➝ C$20.00	Outperform	N/A
10/20/2021	CAS Cascades	Boost Price Target	C$15.00	C$20.50 ➝ C$22.75		N/A
10/20/2021	CRR.UN Crombie Real Estate Investment Trust	Boost Price Target	C$19.00	C$19.50 ➝ C$20.00		N/A
10/20/2021	FINGF Finning International	Boost Price Target	C$30.00	C$41.50 ➝ C$42.00	Outperform	Low
10/20/2021	FTT Finning International	Boost Price Target	C$37.00	C$41.50 ➝ C$42.00		N/A
10/20/2021	ONEXF Onex	Boost Price Target	C$79.00	C$107.00 ➝ C$113.00	Outperform	Low
10/20/2021	ONEX Onex	Boost Price Target	C$98.00	C$107.00 ➝ C$113.00		N/A
10/20/2021	CNI Canadian National Railway	Boost Price Target	C$131.00	C$160.00 ➝ C$166.00	Outperform	High
10/20/2021	CNR Canadian National Railway	Boost Price Target	C$162.00	C$160.00 ➝ C$166.00		N/A
10/19/2021	CTS Converge Technology Solutions Corp. (CTS.V)	Set Price Target	C$6.00	C$14.00	Outperform	N/A
10/19/2021	CTSDF Converge Technology Solutions	Initiated Coverage	$9.00		Outperform	Medium
10/19/2021	REI.UN RioCan Real Estate Investment Trust	Set Price Target	C$23.00	C$25.00	Sector Perform	N/A
10/19/2021	TOY Spin Master	Lower Price Target	C$42.00	C$50.00 ➝ C$48.00		N/A
10/19/2021	TSU Trisura Group	Boost Price Target	C$43.00	C$44.00 ➝ C$53.00		N/A
10/18/2021	FLMMF Filo Mining	Initiated Coverage	$9.00		Outperform	Medium
10/18/2021	FIL Filo Mining	Set Price Target	C$9.00	C$13.50	Outperform	N/A
10/18/2021	MLLGF Mullen Group	Boost Price Target	C$12.00	C$16.00 ➝ C$17.50	Outperform	Low
10/18/2021	MTL Mullen Group	Boost Price Target	C$14.00	C$16.00 ➝ C$17.50		N/A
10/18/2021	FCXXF First Capital Real Estate Investment Trust	Initiated Coverage	$15.00		Sector Perform	Low
10/18/2021	FCR.UN First Capital Realty	Set Price Target	C$18.00	C$19.50	Sector Perform	N/A
10/18/2021	RIOCF RioCan Real Estate Investment Trust	Initiated Coverage	$19.00		Outperform	Low
10/18/2021	REI.UN RioCan Real Estate Investment Trust	Initiated Coverage	C$23.00	C$26.00	Buy	N/A
10/18/2021	SNMSF Spin Master	Lower Price Target	C$34.00	C$50.00 ➝ C$48.00	Sector Perform	Low
10/18/2021	TRRSF Trisura Group	Boost Price Target	C$35.00	C$44.00 ➝ C$53.00	Outperform	Low
10/18/2021	IFCZF Intact Financial	Lower Price Target	C$136.00	C$193.00 ➝ C$190.00	Outperform	Low
10/18/2021	IFC Intact Financial	Lower Price Target	C$168.00	C$193.00 ➝ C$190.00		N/A
10/15/2021	FMCXF Foran Mining	Boost Price Target	C$2.00	C$2.75 ➝ C$3.00	Outperform	N/A
10/15/2021	SVAUF StorageVault Canada	Boost Price Target	C$5.00	C$6.25 ➝ C$6.50	Outperform	N/A
10/15/2021	TRQ Turquoise Hill Resources	Downgrade	$14.00		Outperform ➝ Sector Perform	High
10/15/2021	TRQ Turquoise Hill Resources	Downgrade	C$17.00		Hold	N/A
10/15/2021	PRRWF Park Lawn	Boost Price Target	C$28.00	C$42.00 ➝ C$43.00	Outperform	N/A
10/15/2021	ATZAF Aritzia	Boost Price Target	C$40.00	C$44.00 ➝ C$49.00	Outperform	Low
10/14/2021	NVEI Nuvei	Initiated Coverage	C$156.00	C$125.00	Buy	N/A
10/14/2021	GTE Gran Tierra Energy	Boost Price Target	C$1.00	C$1.20 ➝ C$1.35	Sector Perform	N/A
10/14/2021	AOIFF Africa Oil	Boost Price Target	C$2.00	C$1.75 ➝ C$2.25	Sector Perform	Low
10/14/2021	CWEGF Crew Energy	Boost Price Target	C$2.00	C$3.25 ➝ C$4.25	Sector Perform	Low
10/14/2021	BTEGF Baytex Energy	Boost Price Target	C$3.00	C$2.75 ➝ C$3.75	Sector Perform	Low
10/14/2021	CR Crew Energy	Boost Price Target	C$3.00	C$3.25 ➝ C$4.25		N/A
10/14/2021	KELTF Kelt Exploration	Boost Price Target	C$4.00	C$5.75 ➝ C$8.00	Outperform	High
10/14/2021	BTE Baytex Energy	Boost Price Target	C$4.00	C$2.75 ➝ C$3.75		N/A
10/14/2021	SDE Spartan Delta	Boost Price Target	C$4.00	C$10.50 ➝ C$13.00		N/A
10/14/2021	NUVSF NuVista Energy	Boost Price Target	C$5.00	C$6.00 ➝ C$8.50	Sector Perform	High
10/14/2021	DALXF Spartan Delta	Boost Price Target	C$5.00	C$10.50 ➝ C$13.00	Outperform	Medium
10/14/2021	AAVVF Advantage Energy	Boost Price Target	C$5.00	C$7.25 ➝ C$9.50	Outperform	High
10/14/2021	CPG Crescent Point Energy	Boost Price Target	C$5.00	C$6.75 ➝ C$7.50	Outperform	Medium
10/14/2021	BIREF Birchcliff Energy	Boost Price Target	C$5.00	C$8.00 ➝ C$11.00	Outperform	Low
10/14/2021	IPCFF International Petroleum	Boost Price Target	C$6.00	C$9.00 ➝ C$10.00	Outperform	Low
10/14/2021	SVI StorageVault Canada	Boost Price Target	C$6.00	C$6.25 ➝ C$6.50		N/A
10/14/2021	SPGYF Whitecap Resources	Boost Price Target	C$6.00	C$7.50 ➝ C$9.00	Sector Perform	High
10/14/2021	CPG Crescent Point Energy	Boost Price Target	C$6.00	C$6.75 ➝ C$7.50		N/A
10/14/2021	AAV Advantage Energy	Boost Price Target	C$6.00	C$7.25 ➝ C$9.50		N/A
10/14/2021	BIR Birchcliff Energy	Boost Price Target	C$7.00	C$8.00 ➝ C$11.00		N/A
10/14/2021	PEYUF Peyto Exploration & Development	Boost Price Target	C$7.00	C$13.00 ➝ C$17.00	Outperform	Low
10/14/2021	RLLMF Real Matters	Lower Price Target	C$8.00	C$17.00 ➝ C$14.00	Sector Perform	Low
10/14/2021	MEGEF MEG Energy	Upgrade	$9.00		Sector Perform ➝ Outperform	Medium
10/14/2021	ERF Enerplus	Boost Price Target	C$9.00	C$10.00 ➝ C$13.50	Outperform	Medium
10/14/2021	FRHLF Freehold Royalties	Boost Price Target	C$9.00	C$11.00 ➝ C$13.50	Sector Perform	Low
10/14/2021	AETUF ARC Resources	Boost Price Target	C$9.00	C$19.00 ➝ C$22.00	Outperform	Low
10/14/2021	PEY Peyto Exploration & Development	Boost Price Target	C$9.00	C$13.00 ➝ C$17.00		N/A
10/14/2021	REAL Real Matters	Boost Price Target	C$10.00	C$14.00 ➝ C$17.00		N/A
10/14/2021	MEG MEG Energy	Upgrade	C$11.00	C$13.00	Buy	N/A
10/14/2021	VET Vermilion Energy	Boost Price Target	C$11.00	C$12.50 ➝ C$15.00	Sector Perform	Medium
10/14/2021	FRU Freehold Royalties	Boost Price Target	C$12.00	C$11.00 ➝ C$13.50		N/A
10/14/2021	CVE Cenovus Energy	Boost Price Target	C$12.00	C$14.00 ➝ C$16.50	Outperform	Low
10/14/2021	PREKF PrairieSky Royalty	Boost Price Target	C$13.00	C$16.00 ➝ C$17.00	Sector Perform	Low
10/14/2021	ARX ARC Resources	Boost Price Target	C$12.00	C$19.00 ➝ C$22.00		N/A
10/14/2021	CVE Cenovus Energy	Boost Price Target	C$14.00	C$14.00 ➝ C$16.50		N/A
10/14/2021	PSK PrairieSky Royalty	Boost Price Target	C$16.00	C$16.00 ➝ C$17.00		N/A
10/14/2021	PRMRF Paramount Resources	Boost Price Target	C$16.00	C$19.00 ➝ C$25.00	Sector Perform	Low
10/14/2021	POU Paramount Resources	Boost Price Target	C$20.00	C$19.00 ➝ C$25.00		N/A
10/14/2021	PARXF Parex Resources	Boost Price Target	C$21.00	C$34.00 ➝ C$35.00	Outperform	Low
10/14/2021	PXT Parex Resources	Boost Price Target	C$25.00	C$34.00 ➝ C$35.00		N/A
10/14/2021	IMO Imperial Oil	Boost Price Target	C$35.00	C$43.00 ➝ C$48.00	Sector Perform	N/A
10/14/2021	TRMLF Tourmaline Oil	Boost Price Target	C$36.00	C$59.00 ➝ C$76.00	Outperform	Medium
10/14/2021	LNDNF Lundin Energy AB (publ)	Reiterated Rating	$40.00		Sector Perform	Low
10/14/2021	CNQ Canadian Natural Resources	Boost Price Target	C$43.00	C$52.00 ➝ C$60.00	Outperform	High
10/14/2021	TOU Tourmaline Oil	Boost Price Target	C$44.00	C$59.00 ➝ C$76.00		N/A
10/14/2021	ATZ Aritzia	Boost Price Target	C$50.00	C$44.00 ➝ C$49.00		N/A
10/14/2021	STN Stantec	Boost Price Target	C$50.00	C$66.00 ➝ C$72.00	Outperform	Low
10/14/2021	CNQ Canadian Natural Resources	Boost Price Target	C$53.00	C$52.00 ➝ C$60.00		N/A
10/14/2021	CLR Continental Resources	Downgrade	$51.00		Outperform ➝ Sector Perform	Low
10/14/2021	STN Stantec	Boost Price Target	C$62.00	C$66.00 ➝ C$72.00		N/A
10/14/2021	WSPOF WSP Global	Boost Price Target	C$137.00	C$150.00 ➝ C$175.00	Sector Perform	Low
10/14/2021	CIGI Colliers International Group	Boost Price Target	$143.00	$152.00 ➝ $165.00	Outperform	Medium
10/14/2021	WSP WSP Global	Boost Price Target	C$169.00	C$150.00 ➝ C$175.00		N/A
10/13/2021	FNLPF Fresnillo	Reiterated Rating	$12.00		Sector Perform	Low
10/13/2021	DYNDF Dye & Durham	Lower Price Target	C$31.00	C$61.00 ➝ C$53.00	Outperform	Low
10/13/2021	DND Dye & Durham	Lower Price Target	C$38.00	C$61.00 ➝ C$53.00		N/A
10/12/2021	NCU Nevada Copper	Lower Price Target	C$1.00	C$1.25		N/A
10/12/2021	TGB Taseko Mines	Lower Price Target	C$2.00	C$2.75 ➝ C$2.60	Sector Perform	N/A
10/12/2021	CPPMF Copper Mountain Mining	Lower Price Target	C$3.00	C$4.75 ➝ C$4.00	Outperform	Low
10/12/2021	TKO Taseko Mines	Lower Price Target	C$3.00	C$2.75 ➝ C$2.60		N/A
10/12/2021	CMMC Copper Mountain Mining	Lower Price Target	C$4.00	C$4.75 ➝ C$4.00		N/A
10/12/2021	CIAFF Champion Iron	Lower Price Target	C$4.00	C$9.00 ➝ C$6.50	Outperform	Low
10/12/2021	CSFFF Capstone Mining	Lower Price Target	C$5.00	C$8.00 ➝ C$7.50	Outperform	Medium
10/12/2021	CS Capstone Mining	Lower Price Target	C$6.00	C$8.00 ➝ C$7.50		N/A
10/12/2021	CFPUF Canfor Pulp Products	Boost Price Target	C$6.00	C$10.00 ➝ C$11.00	Sector Perform	Low
10/12/2021	DPMLF Dundee Precious Metals	Lower Price Target	C$7.00	C$12.00 ➝ C$11.50	Outperform	Low
10/12/2021	HBM Hudbay Minerals	Lower Price Target	C$7.00	C$12.00 ➝ C$11.50	Outperform	Medium